Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Down as Oil Futures Hold Losses - Energy Roundup
Shares of energy companies fell as oil futures held their hefty Monday losses, hovering around $96 a barrel in New York as traders tried to assess the likelihood of peace negotiations in Iran. Shares of Marathon Petroleum slipped despite the oil…
AI, Oil, Tariffs on Asia Markets' Minds as America Votes
As polls close, here's what to watch: BLUE SWEEP: Many predictions markets see Democrats gaining control of both the House and Senate as the most likely outcome--one that could complicate the administration's capacity to push through policy. A…
Zelensky steps up attacks on Russian oil refineries as he gives up on Trump
Volodymyr Zelensky has clearly shelved any chance of respecting US President Donald Trump's cowardly demand to stop Kyiv's oil blitz on Russia. Ukraine's devastating attacks on Russia's oil refineries and other energy installations have have…
Canadian Oil at Widest Discount to US Prices Since 2018
Canadian heavy crude prices reached their weakest relative to US oil futures since 2018, when a massive pipline bottleneck prompted Alberta's government to impose production limits on the largest producers. Western Canadian Select's discount in…
Ahead of Midterms, Oil Markets Were Voting for War
To get John Authers' newsletter delivered directly to your inbox, sign up here. The oil market staged a dramatic reversal on Monday. Brent crude tumbled by 11.4%, its biggest fall in six months. Two questions arise. First, what news could have…
Can eating the wrong oil really make you dumber?
SCROLL TO CONTINUE WITH CONTENT Taiwanese internal medicine doctor Fu Yu-hsiang shares a case: during a clinic visit, a woman asked him, 'Doctor, my mother's memory has been getting worse and worse lately. Should I buy some brain-boosting…
Oil prices rebound after U.S. attacks Iran - TT
The U.S. struck targets on the Iranian island of Qeshm inside the Strait of Hormuz overnight. (Bloomberg) Oil prices rebounded from a sharp retreat to start the week after the United States conducted defensive strikes on Iranian targets in the…
Live: US midterms in sharp focus, oil price eases
Choose what information you see below by using filters Consumer group Choice has handed out the 2026 Shonky Awards to the worst products and services of the year. ABC reporter Liana Walker has the story. It's time to go back to the ‘sales…
ASX to slip; oil drops; chipmakers gain
Go to latest Australian shares are set to open slightly lower, as investors await early results in the United States midterm elections. S&P/ASX 200 futures were down 5 points, or 0.1 per cent, to 8892 near 3am AEDT. Falling oil prices boosted Wall…
Middle East Oil Markets Flash Signs of Abundance as Flows Rise
Middle East oil markets are indicating near-term supply is outpacing demand for the first time since July — when global prices plummeted after a temporary ceasefire between the US and Iran allowed tankers to exit the Persian Gulf through the…
Venezuela's Oil Rush Brings Private Jets and Soaring Rents to Frontier Town
The beating heart of Venezuela's oil revival doesn't lie in the shiny bubble of the capital Caracas, but rather more than a six-hour drive southeast, in a place called El Tigre. Private jets now routinely touch down in the modest airport on the…
Treasuries Fall Amid Oil Price Swings, Strong Job Openings Data
Treasuries fell after a gauge of US job openings exceeded economist estimates, an indication of labor market strength with the potential to give the Federal Reserve leeway to raise interest rates to curb inflation. The selloff lifted yields across…
Oil Traders Digest Conflicting Signals-But Still Price In Risks
For weeks, global oil markets have braced for the possibility of renewed U.S. strikes on Iran around the time of midterm elections, pricing in significant risk of a wave of supply disruptions. As Americans head to the polls today, an escalation has…
Apple margin outlook pressures tech as reported U.S. strike lifts oil
This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Hello, this is Leonie Kidd with today's edition of Morning Squawk. Investors will need to divide their attention today. On the one hand, Apple will…
Attacks on Kish Island drive oil prices higher
Oil prices have risen on global markets following renewed attacks on energy infrastructure. According to the information, oil terminals and energy facilities on Kish Island came under fire. In response, Brent crude prices on the London Stock…
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