Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil Markets Flash Shortage Warning
If you're catching up on the oil market this morning, you might be confused to read that prices are both at $100 and $107. Which is right? Both, and the fact that two very different prices are floating around shows how nervous oil traders are…
Home heating oil costs: Childminder facing 'severe financial burden
Many households across Northern Ireland continue to be hit with high prices for home heating oil, with one woman saying there is a 'severe' financial burden on childminders. The war in Iran is having a practical impact on people across the island…
Oil Up, Stock Futures Slip as Iran Offer Rejected: Markets Wrap
Oil advanced and US equity futures slipped after President Donald Trump rejected Iran's latest proposal to reopen the Strait of Hormuz, while saying negotiations may resume this week. Futures for the S&P 500 Index declined around 0.2% in early…
Oil prices top $108 a barrel on fears of a resumption of U.S.-Iran war
Sept. 28 (UPI) -- Oil prices surged by more than 4% on Monday after U.S. President Donald Trump dismissed an Iranian proposal to kickstart peace talks and get critical oil shipments moving again through the Strait of Hormuz and threatened to resume…
Japan Could Redraw the Global Oil Map
Among the world's top fuel-consuming nations, Japan is the most energy insecure. Its import-dependency ratios are scary: It buys overseas 99.9% of the oil it needs; 99.7% of the coal; and 97.8% of the natural gas. So Tokyo springs into action after…
Oil Rises on Geopolitical Risks, Stockpile Decline
0031 GMT — Oil rises in early Asian trade. Oil prices are still expected to decline, but the path lower is likely to be more gradual as the endgame of the U.S.- Iran conflict becomes increasingly difficult to predict, OCBC Group Research…
OPEC Monthly Oil Market Report, September 2026
OPEC 12 output increased by 346 kb/d from July 2026 to August 2026, with the largest increases from Iraq (664 kb/d), UAE (54 kb/d), and Kuwait (49 kb/d). World demand for crude oil dropped from 83.35 kb/d in 3Q2025 to 78.96 kb/d for 3Q2026, a drop…
Chinese stocks sink to 13-month low as tech shares tumble on oil, rates concerns
Mainland Chinese stocks fell to their lowest level in 13 months on Monday as the sell-off in technology shares intensified amid concerns that elevated global capital costs and surging oil prices would curb risk appetite. Markets opened the week on…
Asian shares trade mixed as oil prices rise
Asian shares were trading mixed Monday after a cooldown in oil prices last week helped U.S. stocks close out their first winning week in the last three. Japan 's benchmark Nikkei 225 was little changed, inching down less than 0.1% to 66,333.53.
Oil Executives Flocking to Venezuela Set Off Hunt for Golf Clubs
Dozens of executives teed up at the lush Caracas Country Club for a golf tournament Monday, warming up for a sold-out oil and gas conference in the Venezuelan capital this week. Days earlier, the event organizers were in a panic.
Big Oil has an audacious request for the Supreme Court
In a 2016 opinion, authored one year before he became a Supreme Court justice, then-Judge Neil Gorsuch warned against lawyers who tempt judges to reach conclusions that aren't supported by the Constitution's text. “Ours is the job of…
Houthi attacks are a historic moment for an oil-free future
Houthi attacks have created a new and dangerous front by threatening the Red Sea and Bab al-Mandab Strait – a rout by which oil exports can bypass the already constrained Strait of Hormuz. Despite repairs being made to Saudi Arabia's…
Oil Prices Rise as U.S.-Iran Talks Face Fresh Hurdles
Oil prices rose Monday as investors assessed fresh obstacles to U.S.- Iran diplomacy and persistent security risks around Middle Eastern energy supplies. Front-month November Brent crude futures rose 3% to $107.5 a barrel, while West Texas…
Can India Stop Buying Russian Oil?
'India should not trade away its energy security for temporary tariff relief. Neither signing a trade agreement nor stopping Russian oil purchases can protect it from future US action.' India is unlikely to immediately cut crude oil imports from…
US Stocks Decline as Middle East Stalemate Pushes Oil Higher
Fading hopes for a breakthrough in the Middle East and rising inflation worries pushed US stocks lower before the bell on Monday. Futures for the Nasdaq 100 Index tumbled 0.96% at 7:08 a.m. in New York, putting the technology-heavy gauge on track…
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