Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

marketwatch.com - Oil Prices Fluctuate as Traders Parse Middle East Developments
Oil Prices Fluctuate as Traders Parse Middle East Developments
MarketWatch

Iran-backed Houthi militants seized the port city of Mokha on Yemen's west coast Thursday, The Wall Street Journal reported, citing Yemeni and Saudi officials. The move increases their control near the Bab al-Mandeb chokepoint for energy exports…

standard.co.uk - Eva Castanedo - Shares fall as oil surge fuels inflation fears
Shares fall as oil surge fuels inflation fears
Evening Standard

News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Stock prices in London closed lower on Thursday, as oil…

bloomberg.com - David Rovella - Oil Climbs as Markets See a Long Iran War
Oil Climbs as Markets See a Long Iran War
Bloomberg

Oil landed just short of $109 a barrel late Thursday afternoon, some $8 higher over yesterday as markets see the intractability of the US-Israel war with Iran — given Donald Trump's inability to extract his country and Iran's unwillingness…

businessinsider.com - Joe Ciolli - Oil price forecasts climb as Wall Street gives up on a quick end to the global oil shock
Oil price forecasts climb as Wall Street gives up on a quick end to the global oil shock
Business Insider

Around the time Ben Shelton was polishing off his US Open victory over Carlos Alcaraz in the wee hours of Wednesday morning, the price of oil was making some waves of its own, climbing back above $100 per barrel. The break into triple digits was…

ttnews.com - Kevin Crowley - Trump's Venezuela oil venture eyes 150% output hike by 2028 - TT
Trump's Venezuela oil venture eyes 150% output hike by 2028 - TT
Transport Topics

Petroleos de Venezuela SA oil rigs on Lake Maracaibo in Cabimas, Zulia state, Venezuela, on Sept. 4. (Gaby Oraa/Bloomberg) North American Blue Energy Partners plans to raise Venezuelan crude output to 500,000 barrels a day by the end of 2028 from…

marketwatch.com - NYMEX Overview: Oil Futures Surge Above $100 on Gulf Supply Risks -- OPIS
NYMEX Overview: Oil Futures Surge Above $100 on Gulf Supply Risks -- OPIS
MarketWatch

Oil futures surged midday Thursday as escalating attacks on Gulf shipping and renewed Houthi strikes on Saudi Arabia heightened concerns over disruptions to global energy supplies. Both crude benchmarks crossed $100/bbl on Thursday, West Texas…

wsj.com - Collin Eaton - Exclusive | The Relentless Crypto Billionaire Who Moved to Venezuela in Pursuit of Oil
Exclusive | The Relentless Crypto Billionaire Who Moved to Venezuela in Pursuit of Oil
Wall Street Journal

Cryptocurrency billionaire Fred Ehrsam spent months living in a luxury hotel in Caracas, building a rolodex of connections in a long-shot bid to become one of Venezuela 's biggest oil producers. Without a track record in oil and gas, the…

bloomberg.com - Toby Alder - Asian Stocks, Bonds to Drop on Oil, Inflation Woes: Markets Wrap
Asian Stocks, Bonds to Drop on Oil, Inflation Woes: Markets Wrap
Bloomberg

Asian stocks and bonds were set for declines after a surge in oil prices sparked a selloff in US markets, while the latest inflation data reinforced bets on an imminent Federal Reserve rate hike. Brent crude climbed above $107 a barrel on Thursday…

pbs.org - Nick Schifrin - Iran-backed Houthis capture Red Sea port, putting more pressure on oil markets
Iran-backed Houthis capture Red Sea port, putting more pressure on oil markets
PBS

Yemen appears to be sliding back toward all-out war after Houthi rebels backed by Iran seized the key port city of Mokha from allies of the internationally recognized government. Mokha sits on the Bab al-Mandab, a critical shipping choke point and…

bbc.co.uk - Theo Leggett - Oil, gas and borrowing costs surge as fears over Middle East escalate
Oil, gas and borrowing costs surge as fears over Middle East escalate
BBC

The price of oil has jumped to $105 a barrel amid signs the conflict in the Middle East will not be resolved quickly, fuelling fears that inflation could accelerate. With the conflict between the US and Iran in the Gulf intensifying in recent days…

wsj.com - Oil Rises on Escalating Supply-Disruption Concerns
Oil Rises on Escalating Supply-Disruption Concerns
Wall Street Journal

0020 GMT — Oil rises in early trade on escalating concerns over supply disruptions in the Middle East. ANZ Research analysts say that reports of Iran-backed Houthi militants seizing the port city of Mokha on Yemen 's west coast could give…

independent.co.uk - Eva Castanedo - Shares fall as oil surge fuels inflation fears
Shares fall as oil surge fuels inflation fears
The Independent

Stock prices in London closed lower on Thursday, as oil prices surged above 105 dollars and hotter-than-expected US producer inflation fuelled concerns, while the European Central Bank raised interest rates as expected. The FTSE 100 index closed…

businessinsider.com - Huileng Tan - $100 oil is putting China's new role as a 'demand-side OPEC' to the test
$100 oil is putting China's new role as a 'demand-side OPEC' to the test
Business Insider

Oil is back above $100 a barrel as renewed fighting between the US and Iran raises fears of further supply disruptions in a market already hit by the largest oil supply disruption in history. International benchmark Brent crude breached $100 a…

bloomberg.com - Claire Jiao - Asia Confronts Fresh Inflation, Fiscal Threats as Oil Tops $100
Asia Confronts Fresh Inflation, Fiscal Threats as Oil Tops $100
Bloomberg

Asia's economies will face a fresh test of resilience after oil again crossed the $100 threshold, with inflation running hot and fiscal and monetary policy already tight. Brent oil spiked over $107 a barrel on Friday amid an uptick in attacks in…

theguardian.com - Heather Stewart - Global bond sell-off resumes as surging oil prices stoke fears about inflation
Global bond sell-off resumes as surging oil prices stoke fears about inflation
The Guardian

Nervous investors across big economies have been dumping government bonds, driving up the cost of borrowing, as surging oil prices amplified fears about rising inflation. The cost of a barrel of oil jumped 6% to above $107 on Thursday amid concerns…

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