Oil Industry News

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

globaltimes.cn - Chinese, Indian oil sectors eye deeper energy cooperation in oil, new energy and green development
Chinese, Indian oil sectors eye deeper energy cooperation in oil, new energy and green development
Global Times

China National Petroleum Corporation Chairman Dai Houliang (right) meets with India's Minister of Petroleum and Natural Gas Hardeep Singh Puri in New Delhi, India, on September 11, 2026. Photo: Courtesy of CNPC China National Petroleum Corporation…

newsweek.com - Brendan Cole - Saudi Arabia could run out of oil for export within days as pipeline shut
Saudi Arabia could run out of oil for export within days as pipeline shut
Newsweek

Saudi Arabia will soon run out of oil to export if it does not restart quickly its major pipeline that was closed following drone attacks, it has been reported. The kingdom announced on Friday it had shut its East-West oil pipeline as a precaution…

mirror.co.uk - Elizabeta Ranxburgaj - Donald Trump chillingly claims US could keep Iranian oil 'like Venezuela
Donald Trump chillingly claims US could keep Iranian oil 'like Venezuela
Daily Mirror

Donald Trump has threatened that the US could continue the war with Iran and keep its oil 'like Venezuela'. The US President spent his weekend in Ireland for golf but did not pass on talking about politics and his role in the Middle East war.

scmp.com - Xinyi Wu - China's oil demand could falter as Saudi pipeline shutdown raises costs
China's oil demand could falter as Saudi pipeline shutdown raises costs
South China Morning Post

As the shutdown of Saudi Arabia's major oil pipeline tightens global crude supply, shipments to China remain relatively insulated in the near term, though rising prices and freight costs are set to dampen demand, according to analysts. Drone…

seekingalpha.com - Amy Thielen - Oil's 40% surge puts fuel costs in focus for airline, cruise industry (CCL:NYSE)
Oil's 40% surge puts fuel costs in focus for airline, cruise industry (CCL:NYSE)
Seeking Alpha

The cruise and airline sectors—both heavily impacted by the price of fuel—continue to move inversely to oil futures, trending lower on Monday in tandem with oil futures challenging $110 per barrel. Within the cruise industry, Carnival…

bloomberg.com - Alex Longley - The Oil Market Needs a Quick Saudi Pipeline Restart
The Oil Market Needs a Quick Saudi Pipeline Restart
Bloomberg

This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, reporter Alex Longley looks at the oil market repercussions from Saudi Arabia's closure of a key pipeline. Last week's hit to Saudi…

yahoo.com - Vardah Gill - Enbridge (ENB) Expands its U.S. Oil Footprint with Tallgrass Acquisition
Enbridge (ENB) Expands its U.S. Oil Footprint with Tallgrass Acquisition
Yahoo!

Enbridge Inc. (NYSE: ENB) has agreed to buy Blackstone-owned Tallgrass Energy's crude oil business for $2.55 billion in cash, expanding its presence in the U.S. liquids pipeline market. The deal includes a 75% stake in the 1,050-mile Pony Express…

newsweek.com - Giulia Carbonaro - Costco starts rationing motor oil. Could Walmart be next?
Costco starts rationing motor oil. Could Walmart be next?
Newsweek

Costco has reportedly started rationing its house brand of motor oil this week, limiting purchases to two boxes per week, as drivers across the country continue facing higher gas and diesel prices. The membership-only warehouse club, which has long…

bloomberg.com - FTSE 100 Futures Rise as Oil Marches Higher
FTSE 100 Futures Rise as Oil Marches Higher
Bloomberg

bloomberg.com - Alex Longley - Oil Tankers Earn $1 Million a Day as War Leaves Ship Shortage
Oil Tankers Earn $1 Million a Day as War Leaves Ship Shortage
Bloomberg

The cost of hiring an oil tanker on the industry's benchmark trade route topped $1 million a day for the first time, as the Iran war leaves too few ships willing to cross the Strait of Hormuz to collect cargoes. Vessels hauling oil from inside the…

mirror.co.uk - Graham Hiscott - Oil hits $107 after Middle East attacks - what fallout could mean for you
Oil hits $107 after Middle East attacks - what fallout could mean for you
Daily Mirror

Oil has jumped to more than $107 a barrel, threatening to bring fresh financial pain for millions of UK households. Brent crude rose more than 3% to $107.41 per barrel amid a new escalation in the Middle East war between the US and Iran. The latest…

ttnews.com - Stan Choe - Oil prices increase as Houthis intensify campaign - TT
Oil prices increase as Houthis intensify campaign - TT
Transport Topics

Trucks fuel up with diesel in Fairview, Tenn. (George Walker IV/AP) Oil and gasoline prices continue to climb as the Houthis, an Iranian proxy, intensify a military campaign at a key energy transit point in Middle East. Diesel, a fuel with an…

cnbc.com - Alex Harring - AI safety fears, rising oil prices, a big season for prediction markets and more in Morning Squawk
AI safety fears, rising oil prices, a big season for prediction markets and more in Morning Squawk
CNBC

This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. While I was keeping busy as a groomsman in a wedding in Michigan, artificial intelligence executives were busy making big business and…

yahoo.com - Ines Ferré - 10-year treasury yield rises as oil prices jump
10-year treasury yield rises as oil prices jump
Yahoo!

What happened: The 10-year Treasury yield (^TNX) climbed to 4.97% on Monday, just 3 basis points away from the 5% threshold. Meanwhile, the 30-year Treasury (^TYX) yield hovered at 5.35%. What's behind the move: Bond yields stayed elevated as Brent…

rt.com - RT - Russia sees Indian exports moving beyond oil imbalance into pharma, industry and AI
Russia sees Indian exports moving beyond oil imbalance into pharma, industry and AI
RT International

The range and volume of goods exported from India to Russia is expanding rapidly, with industrial products, pharmaceuticals, and IT solutions emerging as new areas of cooperation, according to Russian Economic Development Minister Maxim…

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