Oil Industry News
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Energy Stocks Soar to Record as Oil Rises on Trump's Hard Line
Energy stocks are closing in on record levels reached earlier this year amid the Middle East war as investors see diminishing prospects for a near-term ceasefire that could ease the standoff in the crucial Strait of Hormuz. The S&P 500 Energy…
Brazil's President Lula hails oil discovery near Amazon river
Brazilian President Luiz Inácio Lula da Silva has hailed the discovery of oil near the mouth of the Amazon river. Speaking after the find was announced by Brazil's state-run oil company Petrobras, he said it could be 'a passport to the…
Oil prices gain after climbing 2.7% the day before - TT
A man checks gas prices at a gas station in Buffalo Grove, Ill. (Nam Y. Huh/AP/file) Oil prices have crept higher after a brief respite last month driven by hopes for an end to the war with Iran. The price for a barrel of Brent crude gained 2.7% on…
Wall Street indexes slip as oil prices rise, retail results awaited
Wall Street's three major indexes fell on Monday as investors waited for quarterly reports from large retailers to provide insights into U.S. consumer spending, while oil prices rose as the U.S. and Iran appeared no closer to a deal. SCROLL TO…
Oil prices jump after US-Iran ceasefire expires and Trump threatens Oman
Oil prices have risen again after the two-month window to negotiate a peace deal in the US-Israel war on Iran expired on Monday with no end to the conflict in sight. Iran said on Monday that it would take a more aggressive stance if talks with the…
US Stock-Index Futures Drop as Bond Yields, Oil Prices Rise
US stock-index futures fell as rising bond yields and a spike in oil prices unnerved investors. Contracts on the tech-heavy Nasdaq 100 dropped 0.8% as of 3:11 a.m. in New York, while those on the S&P 500 fell 0.4%.
Brazil's president says Amazon oil is 'passport to the future'
Brazil's President Lula da Silva has praised the discovery of oil off the Amazon coast, despite opposition from environmentalists to drilling in the area. He called the find a “passport to the country's future”, saying it would…
Oil prices at near three-week high as US-Iran peace hopes fade
Oil prices rose for a third session on Tuesday as prospects receded for a deal to end the Middle East war, with Iran saying it would adopt a more offensive stance and the U.S. ruling out extending a ceasefire deal, heightening worries about…
China eyes peak oil demand by 2030 amid pipeline increase, smart rig tech plan
China has announced a new dedicated five-year plan to drill more crude oil and expand its network of pipelines as the world's largest importer of fossil fuels faces heightened supply risks from geopolitical tensions. The plan, unveiled on Monday by…
FTSE 100 drifts lower as oil price pushes higher
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. Stocks in London closed in the red on Monday, with fresh…
S-Oil's Shaheen project to boost Korea's petrochemical competitiveness
S-Oil said Tuesday that its Shaheen project, a massive petrochemical facility expansion which is under construction with commercial operations targeted for next year, will help strengthen the global competitiveness of Korea's petrochemical…
Current price of oil as of Aug. 18, 2026
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Emerging Assets Halt Rally on Higher Oil Prices, Bond Selloff
An emerging-markets equity benchmark snapped a four-day advance and a currency gauge retreated from record highs as a global bond selloff combined with higher oil prices weighed on risk sentiment. MSCI's stock index for developing economies fell…
Stocks Fall, Oil Gains on Middle East Uncertainty: Markets Wrap
Oil prices climbed as prospects for peace in the Middle East dimmed, reviving concerns that prolonged geopolitical tensions may threaten supplies and keep energy costs elevated. Treasuries sold off. West Texas Intermediate rose 0.6% to $85 a barrel…
CNBC Daily Open: Higher oil, higher yields, lower volatility
Rising oil prices send jitters through global stock and bond markets. Iran launches fresh attacks on vessels in the Strait of Hormuz after the ceasefire expires. U.S. President Donald Trump has threatened to bomb Oman if it 'gets in the way' of…
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