Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Gold Edges Up as Markets Weigh Oil Pullback
0015 GMT — Gold edges up in early Asia trade as markets weigh a pullback in oil prices. If crude's declines hold, that could ease the inflation fears that have sent bond yields up and stoked rate-hike expectations, weighing on the precious…
Oil Prices Tumble Again
This is an edition of the Markets P.M. newsletter, a recap of the day's most important markets moves, delivered after the closing bell. If you're not subscribed, sign up here. Stocks lost momentum as potential threats took center stage. Disruption…
Oil Falls as Mideast Developments Remain in Focus
0029 GMT — Oil falls in early Asian trade. Japan's Kyodo News Agency reported Iran proposed to reopen the Strait of Hormuz if the U.S. lifts its blockade, though Iran's Fars News Agency later cited sources denying the report. Markets will…
The Human Cost of an Oil-Focused War
This article is for subscribers only. Welcome back to Bloomberg's Defense Monitor, a weekly rundown on the companies, geopolitics and finances of the future battlefield. Sign up now if you're not already on the list. This is a defense newsletter…
Trump to press Zelenskyy for energy truce, says Russia has 'lost control' of oil due to Ukraine war
Trump said Russia has “lost control” of its diesel oil industry due to the Ukraine war, as he presses Kyiv to agree to an energy truce with Moscow. U.S. retail diesel prices have climbed above $6.50 a gallon for the first time, with…
Capitalism, or why American oil production is surging
The Permian Basin of West Texas and Eastern New Mexico is the primary engine of this growth. The EIA expects Permian production to average nearly 7 million barrels a day this year, with 2027 futures at $80 pointing to even higher output next year.
Goldman Sees China Oil Imports Staying Subdued in Fourth Quarter
China's oil imports are likely to remain subdued in the coming months if crude prices stay elevated, according to Goldman Sachs Group Inc., which could keep a lid on further gains. Imports will rise “only moderately” by about 600,000…
Morning Bid: As oil swoons, AI recharges
Sept 22 (Reuters) - The combination of a buzzy reception for Meta's new AI assistant Muse and softer oil prices was enough to give stocks a lift to start the week, with Mark Zuckerberg's firm surging more than 11% on demand for its new agent…
Saudi Arabia restarts East-West oil pipeline, sources say
SINGAPORE/NEW DELHI — Saudi Arabia has restarted operations at its East-West Pipeline and could resume exports from the Red Sea port of Yanbu later on Tuesday, three sources briefed on the matter said, as signs mounted of an increase in…
Oil falls after U.S. and Iran talk for hours at UN meeting
President Donald Trump said Tuesday that U.S. officials had a 'very good meeting' with Iran's delegation and that it lasted about three hours. Trump earlier said he has a 'big decision' over whether to reach a deal with Tehran or 'annihilate' the…
Oil Traders Bet on Price Drop at Record Pace as Disruptions Ease
Oil traders are flocking to options betting on a decline in Brent crude, with bearish wagers surging to unprecedented levels as investors reposition after a blistering rally in recent sessions. Tuesday saw volume in Brent put options top roughly…
Oil prices fall back below $100 a barrel - TT
Stocks got a boost after the price for a barrel of Brent crude fell below $100. Oil prices have been swinging with uncertainty about when the war will allow crude to freely flow again from the Middle East to customers worldwide. On Wall Street…
US Stock Futures Drift After AI-Driven Rally, Oil Prices Slip
US stock futures meandered Tuesday morning with traders holding onto big AI-fueled gains and looked for positive developments in the Middle East conflict that would lead to lower oil prices. Contracts on both the S&P 500 Index and Nasdaq 100…
Oil prices climb ahead of potential US-Iran talks
LONDON, Sept 22 (Reuters) - Oil prices gained on Tuesday after declining for four consecutive sessions as investors awaited developments on potential US-Iran talks at the United Nations General Assembly this week after more supplies emerged…
Saudi Arabia restarts East-West oil pipeline, sources say
By Trixie Yap, Nidhi Verma and Florence Tan SINGAPORE/NEW DELHI, Sept 22 (Reuters) - Saudi Arabia has restarted operations at its East-West Pipeline and could resume exports from the Red Sea port of Yanbu later on Tuesday, three…
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