Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
US Stock Futures Slip on Alphabet, Oil Advances: Markets Wrap
US equity-index futures declined after Alphabet Inc.'s spending plans intensified concerns about the payoff from the industry's aggressive artificial intelligence buildout. Oil extended its rally. Contracts for the tech-heavy Nasdaq 100 Index fell…
Oil is surging again as market pros warn of 'cascading damage' to energy markets
It was only a few weeks ago that markets considered the worst-case scenario for oil to be off the table. The US and Iran had reached a preliminary peace agreement. Oil prices, the key flashpoint of the Iran war, were falling rapidly. All seemed to…
Vulnerable energy markets to raise oil above $100 - analyst (CL1:COM:Commodity)
Global energy (XLE), (AMLP), (VDE), (XOP) markets are more vulnerable than they were earlier this year, and continued regional escalations could push crude oil prices (CL1:COM) above $100 per barrel within weeks, according to Arne Rasmussen, chief…
Houthi threats give oil markets a '2-chokepoint problem' - TT
The Gas King U-turned to head toward the Suez Canal in the north of the Red Sea. Bab el-Mandeb is to the south. (Bloomberg) Houthi threats against Saudi-linked shipping at the Bab el-Mandeb Strait prompted tankers and other vessels to divert, pause…
Namibia Fuel Retailer Nasan Sees Oil Growth After Vitol Deal
Nasan Energies, a Namibian fuel retailer that recently bought stations from Vitol Group, plans to expand operations to service the country's offshore oil industry that includes TotalEnergies SE and Shell Plc. The company anticipates “big…
Oil climbs over 3% to near six-week high as conflict threatens key oil transit routes
July 22 (Reuters) - Oil prices rose to a near six-week high on Wednesday, with Brent crude surpassing $95 a barrel, on mounting concerns about disruptions to Middle Eastern supply routes because of escalating hostilities between the U.S.
U.S. Stocks Stall as Oil Extends Gains
U.S. stocks were little changed Wednesday as oil prices extended gains, while investors braced for a wave of major earnings. The Dow Jones Industrial Average fell 6.06 points, or 0.01%, to 52218.58. The S&P 500 slipped 10.24 points, or 0.14%, to…
Wall Street indexes dip with technology earnings, rising oil in focus
The Nasdaq led Wall Street lower on Wednesday with a mixed performance from technology stocks, as investors waited for key earnings reports to gauge the health of a market rally fed by enthusiasm for artificial intelligence. SCROLL TO CONTINUE WITH…
Oil price rises above $95 mark as Middle East conflict escalates
The price of oil has breached the $95 a barrel mark for the first time in six weeks as the escalating Middle East conflict threatens further disruption to global supplies. The benchmark oil price rose sharply on Wednesday as renewed US-Iran…
Rising oil prices weigh on US futures ahead of Big Tech results
By Gregor Stuart Hunter and Johann M Cherian July 22 (Reuters) - Oil prices surpassed $95 per barrel on Wednesday as tensions intensified in the Middle East, pressuring U.S. equity futures ahead of key Big Tech earnings, while the dollar dipped…
Oil Rises Amid Prospects of Further Escalation in U.S.-Iran Conflict
2333 GMT — Oil rises in early Asian trade amid prospects of further escalation in the U.S.- Iran conflict that could lead to increased supply disruptions in the Middle East. President Trump threatened to destroy Iranian infrastructure if…
Oil extends gains as Trump threatens strikes on critical Iranian infrastructure
Oil prices rose after Trump threatened strikes on Iranian infrastructure over attacks on Hormuz shipping. Iran warned it would target U.S.-linked infrastructure and regional energy facilities if Washington follows through. Oil prices rose Thursday…
Oil Jumps 4% as Market Is Roiled on Three Fronts
International oil benchmark Brent jumped this morning as pressure intensifies on three fronts— the Strait of Hormuz, Bab al-Mandeb, and the Black Sea. Overnight, at least two oil tankers headed towards the Bab al-Mandeb chokepoint in the Red…
Big Oil Set to Reap Profit Bonanza From Soaring Fuel Prices
The world's Big Oil companies are set for another bumper set of quarterly results after the Iran war sent crude prices soaring — and fuels even higher. Earnings from the five supermajors combined will likely be the third-highest on record…
New Climb in Oil Prices Sends Bond Yields Near 2026 Highs -- WSJ
Brent crude, the international benchmark, is trading more than $20 above its early-July lows as tensions continue to escalate between the U.S. and Iran. Oil's quick return to near-$100-a-barrel levels has already pushed average gas prices at the…
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