Oil Industry News
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Edible oils, industry essentials drive growth outlook; FMCG recovery gradual, says Report
The outlook for the edible oils and agri-linked consumer staples sector remains constructive, led by strong volume growth in core categories and improving demand dynamics across industrial segments, according to a recent research report by Nuvama.
Trump administration recombining two federal agencies separated after Gulf oil spill
The Trump administration will combine two agencies that were split up after the infamous 2010 Deepwater Horizon oil spill. The spill, which released millions of gallons of oil into the Gulf of Mexico and killed 11 people, brought national attention…
Oil and gas prices likely to stay elevated even if there is a ceasefire in Iran
Working in the background of this looming deadline is reportedly Vice President JD Vance, who has been in peace talks with Pakistani officials operating as intermediaries between the U.S. and Iranian governments, according to multiple outlets. Both…
How defense contractors and oil companies profit from war on Iran as US gas prices soar
Two weeks into the US-Israel war with Iran, the White House was fielding heavy criticism that the conflict would drive up gas prices and frustrate voters. Donald Trump turned to Truth Social to appease Americans about gas prices, which were slowly…
US Stock Futures Fall, Oil Climbs on Trump Threats: Markets Wrap
(Bloomberg) -- US equity-index futures fell and oil extended gains after President Donald Trump signaled a sharp escalation in the Iran war, heightening the risk of an energy shock already weighing on the global economic outlook. Futures contracts…
Libya's oil disputes mirror Hormuz crisis, fuel European energy fears
The Strait of Hormuz is only 39km (24 miles) wide at its narrowest point. And yet, 20 million barrels of oil would typically flow through it every day – about 25 percent of the world's maritime oil trade. That was until the United States and…
Oil Shock Is Adding Stress to the Global Economy
This article is for subscribers only. Oil markets have been pitched into turmoil by the war in Iran, and the effects will likely be long lasting and far reaching. After a meeting on Sunday, OPEC+ warned that the damage to Middle East energy assets…
US Natural Gas Futures Reverse Losses on Cold Weather, Oil Gains
US natural gas futures rose as a short bout of cold weather increased demand for the heating and power-plant fuel, after closing down for the previous four sessions. Rising oil prices, which have influenced the front-month US gas contract since the…
Crude Oil Price Surge: How Iran Tensions and Supply Issues Impact Markets
Escalating tensions with Iran and persistent supply disruptions are driving crude oil prices higher, impacting global energy markets and raising concerns about future supply. Crude oil prices are surging due to heightened geopolitical tensions…
Futures Rise, Oil Drops On Report Of Ceasefire Push
US stock futures rose, but were off session highs (and lows) and crude oil dipped as the bipolar market focused its attention on a report of a push to secure a potential ceasefire in the war in Iran, following a reversal in those exact same hopes…
Oil Futures Rise Amid Increased Supply Disruption Concerns
2338 GMT — Oil futures rise in early trade amid increased concerns over supply disruptions spurred by President Trump's remarks over the weekend. Trump threatened to destroy all of Iran's power plants if the nation's leaders don't agree to…
Global Oil Prices Push Higher After Trump Extends Deadline for Iran to Reopen Hormuz
International oil prices pushed higher on Monday after U.S. President Donald Trump again extended the deadline for negotiations with Iran. Brent crude oil—the global benchmark—for June delivery was at 111 U.S. dollars and four cents a…
Surging oil prices push Hong Kong's laundry sector to freeze hiring, halt orders
Surging oil prices are driving up costs for Hong Kong's laundry sector, with the tripling of fuel prices forcing some operators to turn down new orders and freeze hiring. An industry representative said on Monday that the price of industrial…
Trump Issues Iran Threats, Oil Swings, More
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