Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump's Promise of Lower Oil Prices Clashes With Industry Fears
President Donald Trump and his officials tell Americans almost daily that the spike in fuel costs is a temporary blip that will reverse just as soon as he reaches a deal to end the war in Iran. The oil industry begs to differ.
Trump's Emergency Oil Sails to Europe as War Upends Energy Flows
A massive release of oil from US emergency reserves that has started flowing to American refiners is also supplying fuelmakers in Europe, and potentially in Asia, as the Iran war upends global energy markets. Global trading houses have sold at…
Middle East war: After oil and gas, concerns grow over minerals crunch
Until war erupted on 28 February with the Israeli-US bombing of Iran and counterstrikes across Gulf States, a wide range of key minerals and related products was available, according to the UN Economic Commission for Europe (UNECE). But as the…
Bloomberg Surveillance: AI, Oil, and US-Iran Latest
The economy and the markets are 'under surveillance' as we cover the latest in finance, economics and investment. Listen to Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern for the top interviews from Bloomberg Surveillance Television. And join…
Republican lawmakers attempt to shield big oil from climate lawsuits in 'alarming' bills
Republican lawmakers are attempting to shield big oil from having to pay for its contributions to the climate crisis, alarming environmental advocates. New House and Senate bills, led by Harriet Hageman, a Wyoming representative, and Ted Cruz, a…
Oil Executives Warn Trump of Price Surge Lasting Months - TT
A driver refuels a tractor with diesel fuel at a truck stop in Tracy, Calif. (David Paul Morris/Bloomberg) President Donald Trump and his officials tell Americans almost daily that the spike in fuel costs is a temporary blip that will reverse just…
US-Sanctioned Supertanker With Iranian Oil Tries Hormuz Transit
A US-sanctioned supertanker laden with Iranian oil appeared to be attempting to cross the Strait of Hormuz on Friday, with traffic through the waterway otherwise at a virtual standstill. The Yuri, carrying 2 million barrels of crude loaded from…
Stocks Dip, Oil Up on Fears of Stalling Iran Talks: Markets Wrap
Asian equities were set to open lower after Wall Street losses, as concerns grew that US-Iran talks were making little progress toward de-escalating the Middle East conflict, effectively keeping the Strait of Hormuz closed. Oil advanced.
Oil Gains On Iran Stalemate, Meta Job Cuts, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
View: The oil market 'is lying to us,' oil execs say
Big Oil is making money but losing sleep. Sure, high oil prices are nice; we'll find out next week exactly how nice when the majors report first-quarter earnings. But what goes up must eventually come down. And even though US oil executives and…
Oil prices reach $105 as Iran and US tighten grip on Strait of Hormuz
Oil prices held above $105 a barrel on Friday as the Strait of Hormuz remained closed, with both the US and Iran seizing ships. Brent crude climbed 0.63 per cent to $105.73 a barrel, and US West Texas Intermediate advanced 0.32 per cent to $96.17…
Oil rises as Iran war worries keep markets on edge as Strait of Hormuz stays shut
Oil prices rose on Friday as investors stayed cautious despite a three-week extension of the Israel-Lebanon ceasefire. Israel and Lebanon agreed to prolong the truce following a meeting at the White House with senior U.S. officials, President…
Turner Prize: Mythical shapes and the impact of oil explored in 2026 shortlist
Steven McIntosh Entertainment reporter A spoken-word performance about life in the industrial north and sculptures which examine the political history of oil are among the shortlisted artworks for this year's Turner Prize. The works by artists…
Oil Jumps as Iran Tensions Simmer With Hormuz Blocked
Oil jumped amid fresh signs of escalation in the Iran war, dimming prospects for a imminent resumption of flows through the Strait of Hormuz. West Texas Intermediate futures rose as much as 5.8% to trade above $97 a barrel in New York, after…
US Futures Decline as US-Iran Impasse Continues, Oil Price Jumps
US stock-index futures fell before the bell on Thursday as traders awaited developments in the Middle East and pored over corporate earnings. Contracts for the S&P 500 Index declined 0.3% at 8:59 a.m. in New York, indicating that the gauge will…
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