Oil Industry News

Trump floats keeping Iranian oil as conflict rattles energy markets

President Donald Trump said Sunday that the United States could maintain a presence in Iran and retain control of its oil resources, comparing the possibility with Washington's recent energy agreement in Venezuela, Reuters reported. “We'll…

Chinese scientists develop oil refining method that may cut energy use by 90%

Chinese scientists say they have devised a new technique for refining oil that cuts the amount of energy consumed during the process by roughly 90 per cent. If the technology used in the study could be scaled up for industry, it would not only…

FTSE 100 Futures Rise as Oil Marches Higher

Today's oil profits aren't price gouging - but Big Oil needs an ultimatum

If demand for gasoline, diesel, jet fuel, and other refined products holds up while refinery throughput falls, inventories tighten and refining margins soar. That is exactly what has happened. The Gulf Coast 3-2-1 crack spread — the margin…

Russia sees Indian exports moving beyond oil imbalance into pharma, industry and AI

The range and volume of goods exported from India to Russia is expanding rapidly, with industrial products, pharmaceuticals, and IT solutions emerging as new areas of cooperation, according to Russian Economic Development Minister Maxim…

US Stock Futures Fall on AI Warning, Oil Gains: Markets Wrap

Asian stocks and US equity-index futures retreated after major artificial intelligence companies called for a slowdown in the technology's development, raising concerns about a sector that has powered this year's stock rally. Oil advanced. MSCI's…

Gold prices dip as oil-driven inflation concerns weigh

Gold prices edged lower on Monday as a rally in oil prices fuelled inflation concerns and reinforced expectations that the US Federal Reserve could raise interest rates at its policy meeting this week. SCROLL TO CONTINUE WITH CONTENT * Spot gold…

Soaring Oil Prices Put Fed on Track for September Rate Hike

The recent spike in crude oil prices will likely result in a fresh rate hike by the Fed this week, according to data from CME Group, cited by The National today. As much as 90% of respondents from trading circles expect a rate hike of 25 basis…

Widening Mideast Instability Squeezes Global Oil Supplies

DUBAI— Yemen is the latest domino to fall in the chain of instability set off by the U.S. war with Iran, a development that deepens the risk to global energy supplies and complicates efforts to find a diplomatic off-ramp to the conflict. The…

Saudi pipeline outage threatens loss of 4% of global oil supply

By Alex Lawler and Dmitry Zhdannikov LONDON, Sept 13 (Reuters) - Saudi Arabia will run out of oil stocks for exports if it doesn't restart its major pipeline to the Red Sea within days, leading to a loss ‌of up to 4% of global supply, Saudi…

Asian markets mostly lower as U.S. futures slide, oil prices rise (EWJ:NYSEARCA)

Asian markets were mostly lower on Monday on rising oil prices after Saudi Arabia shut a key pipeline following drone attacks and postponed talks with Gulf states. Hotter-than-expected US inflation data strengthened the case for a Federal Reserve…

Stock futures drop as investors weigh AI safety concerns, oil gains: Live updates

Stock futures fell Sunday night as investors monitored a major shakeup in the pipeline for artificial intelligence initial public offerings amid growing safety concerns, along with the latest oil moves. Dow Jones Industrial Average futures slid 179…

Further Oil Price Spikes Could Rekindle Recession Fears

This week's oil price surge sharply raised the odds of a Fed interest rate hike next week and re-launched the recession conversation, for the first time since the early weeks of the Iran war. The price spike this week saw Brent Crude prices topping…

Stock market today: Dow, S&P 500, Nasdaq futures fall as Anthropic's AI warning spooks tech traders, oil prices jump

US stock futures sank on Monday morning after the two leading frontier artificial intelligence companies called for an industrywide slowdown of AI development, sending tech stocks tumbling. Rising oil prices and an upcoming Fed meeting this week…

Trump floats idea to 'stay and keep the oil' in Iran, noting Venezuela deal

President Trump on Sunday floated the idea that the U.S. could “stay and keep the oil” in Iran, comparing the notion to the U.S.'s major oil deal with Venezuela. Trump told reporters while in Doonbeg, Ireland, that the conflict with…