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 Up Alongside Oil Futures - Energy Roundup
Shares of energy companies rallied alongside oil futures. U.S.-traded futures gained $3.95 per barrel, or 5.1% to $82.13 as Iran demanded concessions from the U.S. before allowing the Strait of Hormuz to fully reopen. The United Arab Emirates'…
IEA Sees Wider Oil Supply Deficit Despite Hit to Demand From War
Global oil inventories will tumble this quarter at more than twice the rate previously estimated as the Iran war flares again, even as the hit to demand from high prices deepens, the International Energy Agency said. Oil markets face a shortfall of…
Oil Gains as Hopes for Hormuz Reopening Ebb
The U.S. military said one of its helicopters fired on a Panama-flagged ship that tried to break the American blockade of Iranian ports early Tuesday. The U.S. is attempting to force Tehran to make a deal to end the war by starving it of oil…
Global stocks inch up, oil steady before US CPI
By Samuel Indyk and Rocky Swift LONDON, Aug 12 (Reuters) - Global equity markets edged higher and oil prices steadied after talks to end the Iran war hit an impasse and markets turned their attention to U.S. inflation data later in the day. Traders…
Oil rises after attacks on ships in Hormuz, Bab el-Mandeb
LONDON, Aug 12 (Reuters) - Oil prices rose on Wednesday after attacks on two ships reinforced worries about disruptions to Middle East supplies, while industry data showing swelling inventories of U.S. crude might keep bulls in check. Brent…
San Ai Oil Co 1Q Net Y2.67B Vs Net Y1.07B
San-Ai Oil Co. Ltd. (8097.TO) Japan 1st Quarter Ended June 30 GROUP 2026 2025 Revenue Y144.58 bln Y154.03 bln Operating Profit Y3.47 bln Y1.02 bln Pretax Profit Y3.86 bln Y1.34 bln Net Profit Y2.67 bln Y1.07 bln Per share Earnings Y43.10 Y17.22…
Oil prices are rising again as hopes for a US-Iran deal fade. Here's what experts say will happen next.
It doesn't look like the market is counting on US-Iran deal to get hammered out soon, and oil prices are inching up again as a result. A lack of progress on a peace deal to end the nearly six-month-old war and reopen the critical Strait of Hormuz…
Oil price moves higher as insurers hold back FTSE
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The FTSE 100 closed lower on Tuesday with gains in oil…
Current price of oil as of Aug. 12, 2026
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U.S. stocks edge further from their records as oil prices keep swinging
NEW YORK (AP) — U.S. stocks slipped a bit further from their records Tuesday, while oil prices kept swinging on uncertainty about when the war with Iran will allow crude to flow freely again. The S&P 500 fell 0.3% for a second modest drop…
U.S. Stocks Down as Oil Rises Ahead of Inflation Data
U.S. stocks slid as negotiations about the future of the Strait of Hormuz remain deadlocked, pushing oil prices up ahead of key inflation data Wednesday. The Dow Jones Industrial Average shed 184.13 points or 0.34%, to 53791.85. The broad S&P 500…
Middle East natural resources: Oil, water, minerals and fisheries
The Middle East, North Africa, and South Africa form a region of extremes: giant oilfields and gas hubs, world-leading phosphate mines and platinum deposits, some of the planet's driest landscapes, and coastlines rich in fish. When people talk…
Oil prices rise to $90 per barrel, then dip slightly
Aug. 11 (UPI) -- The price of oil reached $90 per barrel Tuesday as Iran and President Donald Trump traded jabs about war reparations, decreasing hopes for a new peace deal. The price dipped back down to $87 as of Tuesday morning. West Texas…
How Trump allies are linked to controversial Greenland oil drilling plan
The government of Greenland has issued a stern notice to an American oil exploration company with several links to the administration of Donald Trump, who continues to voice a desire for the U.S. to acquire the territory for reasons of national…
Indian Stock Markets Decline: Tata Sons Chairman Exit & Rising Crude Oil Prices Impact
Indian stock markets experienced a second day of declines, with the Sensex and Nifty falling amidst rising crude oil prices and significant selling pressure on Tata Group stocks following the announcement of Tata Sons Chairman N Chandrasekaran's…
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