Oil Industry News

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

bloomberg.com - Javier Blas - Brace for a Flood of Oil as Soon as Hormuz Reopens
Brace for a Flood of Oil as Soon as Hormuz Reopens
Bloomberg

When the day comes, the reopening of the Strait of Hormuz will be an extraordinary event: restarting about 10,000 oil wells, pumping roughly 15% of the world's production, that had been shut down for a hundred days and counting. Nothing even…

bbc.co.uk - Eleanor Maslin - Biscathorpe farm aims to keep oil site despite decommission plan
Biscathorpe farm aims to keep oil site despite decommission plan
BBC

Eleanor Maslin East Yorkshire and Lincolnshire A farm is seeking permission to keep a former oil well site on its land, despite previous plans for it to undergo restoration work. The plans by developer Egdon Resources to drill on the site in…

bloomberg.com - Anand Krishnamoorthy - US Stock Futures Drop After Tech Selloff, Oil Up: Markets Wrap
US Stock Futures Drop After Tech Selloff, Oil Up: Markets Wrap
Bloomberg

Equities looked set for more losses after a tech-led selloff on Wall Street Friday and a robust jobs report fueled expectations for an interest-rate hike by the Federal Reserve. Oil jumped after Iran fired missiles at Israel. Equity-index futures…

theguardian.com - Graeme Wearden - Stock markets fall and oil jumps as Middle East conflict intensifies and AI boom falters - business live
Stock markets fall and oil jumps as Middle East conflict intensifies and AI boom falters - business live
The Guardian

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Stock markets across Asia-Pacific countries are in retreat today, as investors fear a rise in US interest rates, renewed conflict in the…

seekingalpha.com - Nikola Lapenna - PSCE: When The Oil Market Breaks, This Fund Should Soar (NASDAQ:PSCE)
PSCE: When The Oil Market Breaks, This Fund Should Soar (NASDAQ:PSCE)
Seeking Alpha

Invesco S&P SmallCap Energy ETF offers concentrated, unhedged exposure to U.S. small-cap energy names, ideal for capturing upside in a tight oil market. PSCE benefits from global oil inventory drawdowns, persistent supply disruptions, and minimal…

bloomberg.com - Israel-Iran Trade Attacks, Oil Rises on Iran, More
Israel-Iran Trade Attacks, Oil Rises on Iran, More
Bloomberg

Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…

wsj.com - Oil Prices Rise Amid Escalating Supply Disruption Concerns
Oil Prices Rise Amid Escalating Supply Disruption Concerns
Wall Street Journal

2336 GMT — Oil prices rise in early trade amid escalating concerns of supply disruption in the Middle East. Iran fired at least four waves of missiles toward Israel on Sunday in response to an Israeli airstrike on Beirut hours earlier…

upi.com - OPEC to increase oil output amid continued closure of Strait of Hormuz
OPEC to increase oil output amid continued closure of Strait of Hormuz
UPI

June 7 (UPI) -- The Organization of the Petroleum Exporting Countries on Sunday agreed to increase production by nearly 200,000 barrels per day despite the Strait of Hormuz remaining closed, making it near-impossible to ship any of it. Ordinarily…

rediff.com - Rediff News - Oil companies lose Rs 700/cylinder despite hikes
Oil companies lose Rs 700/cylinder despite hikes
Rediff.com

Oil-marketing companies (OMCs) are suffering an under-recovery of Rs 700 on every cylinder of domestic liquefied petroleum gas (LPG) despite the latest price hike of Rs 29 per 14.2 kilogram cylinder, the ministry of petroleum and natural gas said…

bloomberg.com - Nicholas Lua - Saudis Cut July Oil Prices to Asia, Though Still at Decades High
Saudis Cut July Oil Prices to Asia, Though Still at Decades High
Bloomberg

Saudi Arabia cut the price of its main crude grade to Asia for a second straight month, though the premium for barrels to the kingdom's largest market remained near the highest in decades. State producer Saudi Aramco will lower the price for Arab…

rediff.com - Nandita Malik - Stock Markets Tumble: West Asia Tensions, Oil Prices, and Global Sell-Off Impact Indian Equities
Stock Markets Tumble: West Asia Tensions, Oil Prices, and Global Sell-Off Impact Indian Equities
Rediff.com

Indian stock markets, including the Sensex and Nifty, plunged in early trade amidst a sharp global equities decline, a fresh surge in crude oil prices due to escalating West Asia tensions, and a significant unwinding of the global AI-led rally.

republicworld.com - Nitin Waghela - Oil Prices Surge Over 3% After Israel Strikes On Lebanon
Oil Prices Surge Over 3% After Israel Strikes On Lebanon
Republic World

Oil prices were up more 3% on Monday, June 8, after Israel on Sunday launched renewed strikes on Lebanon despite a truce between the two countries, The US crude futures were up $2.10, or 2.32%, at $92.64 per barrel as of 0013 GMT, while Brent crude…

cnbc.com - Justina Lee - Oil prices rise after Iran fires missiles at Israel, escalating regional tensions
Oil prices rise after Iran fires missiles at Israel, escalating regional tensions
CNBC

Iran fired missiles at Israel. U.S. President Donald Trump has been briefed on renewed fighting between Iran and Israel. Meanwhile, OPEC+ agreed to increase targets by 188,000 bpd from July. Oil prices rose on Monday amid heightened tensions in the…

seekingalpha.com - Rob Williams - Trump's market sway keeps investors guessing, from oil to bonds
Trump's market sway keeps investors guessing, from oil to bonds
Seeking Alpha

President Donald Trump's comments and policy signals have become a powerful force in financial markets, repeatedly moving prices across oil, bonds, currencies and stocks, The Wall Street Journal reported Saturday. The dynamic was on display last…

thesun.co.uk - Gergana Krasteva - McDonald's employee rushed to hospital after co-worker 'threw hot oil over him
McDonald's employee rushed to hospital after co-worker 'threw hot oil over him
The Sun

A MCDONALD'S worker was rushed to hospital with second-degree burns across his face and body after a coworker doused him in boiling oil, it has been reported. Jacob Smith, 20, suffered harrowing injuries on his face, neck, right arm and back, and…

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