Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
South Korean firms back $272M expansion of UAE oil field
Nov. 9 (Asia Today) -- An oil field in the United Arab Emirates jointly developed by South Korea's Korea National Oil Corp. and GS Energy is moving forward with a $272 million infrastructure expansion aimed at supporting long-term crude oil…
Murphy Offshore Oil partners with Ratio Energies to enter Israel energy market
American oil and gas company Murphy Offshore Oil is entering Israel's energy exploration market for the first time after securing offshore exploration licenses alongside Israeli firm Ratio Energies, the latter announced on Monday. The two companies…
Asian Airline Stocks Rally as Oil Prices Retreat
Prospects of lower jet-fuel costs drove gains in aviation stocks across the region. In South Korea, shares in the country's top flag carrier Korean Air Lines and its budget-airline affiliate Jin Air surged as much as 13% and 28%, respectively, in…
Oil Falls as U.S.-Iran Conflict Risks Ease
0159 GMT — Oil weakens after President Trump played down the prospect of further U.S. strikes on Iran. The diplomatic signals, including Trump saying that there's a potential end to the conflict in sight, drove an aggressive repricing of the…
Asian Stocks Rise, Oil Eases on Hopes for Iran Conflict Resolution
Oil fell and Asian equities rose Tuesday after President Trump's comments on the Iran war boosted optimism, prompting investors to shrug off last week's market selloff and Nvidia's suspected spy scandal. Risk sentiment rebounded as tentative signs…
Oil prices fall to lowest since August as Trump says Iran war is 'effectively over'
Oil prices have fallen to the lowest level since late August while stock markets climbed higher, as markets reacted with relief to Donald Trump saying that the war on Iran is “effectively over”. Brent crude, the global oil benchmark…
San Ai Oil Co 1H Net Y4.82B Vs Net Y2.83B
San-Ai Oil Co. Ltd. (8097.TO) Japan Half-Year Ended September 30 GROUP 2026 2025 Revenue Y301.94 bln Y308.36 bln Operating Profit Y6.82 bln Y3.78 bln Pretax Profit Y7.52 bln Y4.31 bln Net Profit Y4.82 bln Y2.83 bln Per share Earnings Y78.03 Y45.38…
Global Stocks Strengthen as Oil Dips Below $90 a Barrel
Stocks rose across the globe as benchmark oil prices briefly fell below $90 for the first time since August, while Treasurys treaded water ahead of U.S. inflation data later Tuesday. U.S. stock futures were largely higher following gains overnight…
Asian Stocks to Rally on US Tech Surge, Oil Slump: Markets Wrap
Asian stocks were poised to track Wall Street higher as a rally in technology shares and a slump in oil prices drove US benchmarks to their best day in seven months. Equity-index futures for South Korea, Japan and Taiwan, home to leading suppliers…
Gilt Traders Get Some Relief From Falling Oil and Gas Prices
This article is for subscribers only. In today's Markets Daily UK: Falling Brent prices cut markets some slack, plus subdued retail data. Throughout the day, get the latest news and analysis on the Markets Today live blog. Oil has been king for…
T. Cullen Davis, a Texas oil tycoon acquitted in a 1970s murder trial, has died at 93
T. Cullen Davis, a Texas oil tycoon acquitted of murder in a shooting at his secluded Fort Worth mansion in a 1970s case featured in true-crime shows and then acquitted again in an alleged murder-for-hire plot, has died. He was 93. Davis, who…
Wall St jumps back as oil slide eases inflation worries; Nvidia slumps
US stocks rallied on Monday, as a drop in oil prices tempered inflation fears and helped the S&P 500 bounce off its biggest weekly drop since April 2025, and tech shares jumped even as AI heavyweight Nvidia slumped with controversy swirling around…
Oil Prices Extend Decline After Trump Signals Restraint on Iran
Oil prices extended their losses Tuesday, with Brent crude briefly falling below $90 a barrel before rebounding, as President Trump signaled that further U.S. military strikes on Iran weren't necessary for now, raising hopes of an easing in the…
Global Carbon Emissions Set to Dip in 2026 After Iran War Oil Surge
Global carbon emissions are falling this year, a drop explained more by the recent oil shock than by countries' gradual transition to clean energy. Carbon dioxide pollution from burning fossil fuels will decline by 0.4% in 2026, to 38.2 billion…
Despite the climate crisis, oil companies continue to expand
ARCHIVE – A child is swimming at a beach in Venezuela. A refinery in operation can be seen in the background. Photo: Jesus Vargas/dpa/Archive photo Despite the worsening global warming, the vast majority of oil and gas companies worldwide…
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