Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

wsj.com - Collin Eaton - Iran Conflict Is Causing Record Oil Disruption, Energy Historian Says
Iran Conflict Is Causing Record Oil Disruption, Energy Historian Says
Wall Street Journal

The regional spillover of the Iran war is causing the largest-ever disruption of global oil markets, according to Dan Yergin, energy historian and S&P Global's vice chairman. Iraq, Kuwait and Qatar have shut down some energy production in recent…

afr.com - Michael Read, Angela Macdonald-Smith - Defence taps industry for jet fuel as oil crisis deepens
Defence taps industry for jet fuel as oil crisis deepens
Australian Financial Review

Defence held talks with major resources companies late last year about securing more jet fuel and diesel amid concerns a global shock could threaten supplies, underlining the risk a prolonged Middle East conflict poses to Australia's reserves. As…

dailymail.co.uk - Sara Mcgiff - Stocks tumble as oil surges and gas prices spike
Stocks tumble as oil surges and gas prices spike
Mail Online

Stocks fell sharply Monday morning as oil prices surged above $100 a barrel after Middle Eastern producers began cutting output amid the escalating war with Iran. The Dow Jones dropped 634 points or 1.34 percent, while the S&P 500 and Nasdaq also…

dailymail.co.uk - Patrick Harrington - Iran war sparks record oil price spike as crude oil goes above $100
Iran war sparks record oil price spike as crude oil goes above $100
Mail Online

War in the Middle East has caused a record spike in the price of oil, as the cost of a barrel rocketed to above $100 for the first time in years. An emergency meeting of the G7 has been called for today, where firefighting options including the…

businessinsider.com - Samuel O'Brient - A top energy expert details why he thinks global energy markets can withstand surging oil prices
A top energy expert details why he thinks global energy markets can withstand surging oil prices
Business Insider

The US-Iran war has caused a significant disruption in the global oil market, sending prices to $100 per barrel, but one top energy expert thinks the world economy is more resilient to shocks than in the past. S&P Global vice chair Daniel Yergin…

dailymail.co.uk - Adam Pogrund - Trump 'considering seizing Iranian 'Oil Island'
Trump 'considering seizing Iranian 'Oil Island'
Mail Online

Donald Trump is reportedly considering seizing Iran 's ‘Oil Island' to destroy the regime's oil revenues in an operation which could see American boots on the ground. The US President could be tempted to send troops to capture Kharg Island…

nbcnews.com - Oil price surge shocks markets worldwide and stokes inflation fears
Oil price surge shocks markets worldwide and stokes inflation fears
NBC News

The price of oil surged more than 15% Monday, as the effects of the Iran war hit markets worldwide and stoke fresh worries about inflation. U.S. crude oil rose 15% to more than $103 per barrel and international Brent crude oil rose 13% to more than…

independent.co.uk - Karl Matchett - Oil prices latest: Labour pledge to cut energy bills in jeopardy as fuel costs soar
Oil prices latest: Labour pledge to cut energy bills in jeopardy as fuel costs soar
The Independent

Labour's promise to slash £300 off energy bills is at risk as fuel costs have surged since the Iran war. The price of oil has soared above $100 a barrel for the first time since 2022 after the US and Israel launched airstrikes towards Iran…

newstatesman.com - Will Dunn - Oil prices mean Starmer must raise tax or face recession
Oil prices mean Starmer must raise tax or face recession
The Newstatesman

In every major economy, finance ministers are asking the same question: how high can oil prices go, and how long can they be sustained, before recession becomes inevitable? This time last week, energy markets were pricing in a scenario in which the…

bloomberg.com - Alisha Sachdev - Asia Races to Contain Energy Crunch as War Drives Oil Past $100
Asia Races to Contain Energy Crunch as War Drives Oil Past $100
Bloomberg

Asia's energy-importing economies are scrambling to contain the impact of a widening Middle East war that has upended oil and gas markets and is now battering ordinary buyers, from farmers to car manufacturers and crematorium operators. During an…

cnbc.com - Garrett Downs - Congressional Democrats demand reversal of Russian oil sales into India as energy prices soar
Congressional Democrats demand reversal of Russian oil sales into India as energy prices soar
CNBC

Rep. Sam Liccardo, D-Calif., and Sen. Ruben Gallego, D-Ariz., demanded the Trump administration reverse a move to allow the sale of sanctioned Russian oil to India as the war in Iran rages. The conflict has caused energy prices to surge globally…

businessinsider.com - Naomi Buchanan - History shows the economic and market impact of oil's $100 shocker will depend on how long it lasts
History shows the economic and market impact of oil's $100 shocker will depend on how long it lasts
Business Insider

Oil prices hit their highest level in nearly four years amid energy disruptions stemming from the Iran war, and history holds some clues about how that will impact markets and the economy. Brent crude oil jumped above the $100 mark on Sunday night…

wsj.com - David Uberti - Stock Futures Slide After Oil Hits U.S. Oil Prices Top $115
Stock Futures Slide After Oil Hits U.S. Oil Prices Top $115
Wall Street Journal

Stock futures slid early Monday after continued fighting across the Middle East helped push oil prices past $115 a barrel for the first time in years. Contracts tied to the S&P 500, Nasdaq-100 and Dow Jones Industrial Average were all down by…

cnbc.com - Yun Li - The $100 oil playbook: How pro investors are investing around this energy shock
The $100 oil playbook: How pro investors are investing around this energy shock
CNBC

Professional investors are reshuffling portfolios as crude oil surges past $100 a barrel, rotating into sectors tied to commodities while adding hedges against the risk that geopolitical tensions could trigger a broader economic shock. The jump in…

bostonherald.com - Boston Herald Wire Services - US offers $20B oil cargo reinsurance
US offers $20B oil cargo reinsurance
Boston Herald

Getting your Trinity Audio player ready... The Trump administration announced a $20 billion reinsurance program aimed at reviving shipping in the Strait of Hormuz, where traffic has all but stopped amid the US and Israeli attacks on Iran. The U.S.

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