Oil Industry News

What A Shame!' Trump Laments Decline Of Russia's Oil Industry Amid Putin's War

Donald Trump appears to be concerned about Ukraine's ongoing attacks on Russia's oil refineries – even though Kyiv is only retaliating again Moscow's aggression. Vladimir Putin is expected to “intensify” attacks on the…

Trump to press Zelenskyy for energy truce, says Russia has 'lost control' of oil due to Ukraine war

Trump said Russia has “lost control” of its diesel oil industry due to the Ukraine war, as he presses Kyiv to agree to an energy truce with Moscow. U.S. retail diesel prices have climbed above $6.50 a gallon for the first time, with…

Capitalism, or why American oil production is surging

The Permian Basin of West Texas and Eastern New Mexico is the primary engine of this growth. The EIA expects Permian production to average nearly 7 million barrels a day this year, with 2027 futures at $80 pointing to even higher output next year.

Morning Bid: As oil swoons, AI recharges

Sept 22 (Reuters) - The combination of a buzzy reception for Meta's new AI assistant Muse and softer oil prices was enough to give stocks a lift to start the week, with Mark Zuckerberg's firm surging more than 11% on demand for its new agent…

Russia has 'lost control' of its oil industry due to Ukraine war, says Trump

Trump ended his post with a demand to end the conflict in Ukraine. 'This ridiculous and never-ending war with Ukraine must be ended,' he said. 'The whole World suffers as 25,000 people, mostly soldiers, are being killed each month. What a shame!'…

Why oil prices are sliding again after their latest $100-a-barrel spike

The oil market's rollercoaster ride shows no signs of abating anytime soon. That's evident in the recent swing lower in oil prices this week. Crude has slid as investors survey the situation in the Middle East and assess the likelihood of a…

US Stock Futures Drift After AI-Driven Rally, Oil Prices Slip

US stock futures meandered Tuesday morning with traders holding onto big AI-fueled gains and looked for positive developments in the Middle East conflict that would lead to lower oil prices. Contracts on both the S&P 500 Index and Nasdaq 100…

Oil prices climb ahead of potential US-Iran talks

LONDON, Sept 22 (Reuters) - Oil prices gained on Tuesday after declining for four consecutive sessions as investors awaited developments on potential US-Iran talks at the United Nations General Assembly this week ‌after more supplies emerged…

Saudi Arabia restarts East-West oil pipeline, sources say

By Trixie Yap, Nidhi Verma and Florence Tan SINGAPORE/NEW DELHI, Sept 22 (Reuters) - Saudi Arabia has restarted operations at its East-West Pipeline ‌and could resume exports from the Red Sea port of ‌Yanbu later on Tuesday, three…

Record Oil Supertanker Rates Make Waves for the Whole Fleet

This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, Senior Reporter Alex Longley looks at how record earnings are trickling down through the global tanker fleet. There's no precedent for…

Stock prices up as oil prices slide

Sept. 21 (UPI) -- Stock prices are on the rise on Monday as crude oil prices dip and U.S. Treasury yields slip. The S&P 500 was up 0.6% early on Monday, the Nasdaq Composite climbed 0.9% and the Dow Jones Industrial Average bumped up 0.3%. This…

Current price of oil as of Sept. 22, 2026

India's Oil Problem Deepens on Pipeline Outage, Renewed US Pressure

Welcome to India Edition, Bloomberg's daily dive into what's moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I'm Clara Ferreira Marques, Bloomberg's Asia Energy and Commodities Managing Editor, filling in…

Oil prices tumble to 2-week low on hopes for critical pipeline reopening and Iran diplomacy

Oil prices fell sharply fell for a fifth straight trading session, reaching a two-week low on hopes of a renewed diplomatic push to end the Iran war and optimism over the reopening of a critical pipeline in Saudi Arabia. Brent crude oil briefly…

India's Oil Import Bill Jumps 48% as Crude Prices Soar

India paid $24.4 billion more on crude oil purchases between April and August compared to a year earlier as the spikes in international oil prices raised the import bill by 48% despite a 0.4% decline in volumes, government data showed on Tuesday.