Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil hits $100 after Houthi attack on Saudi tankers worsens oil supply disruption
Oil prices hit their highest in nearly two months on Thursday, rising for a fifth day after Yemen's Houthis said they struck two Saudi oil tankers, widening disruption to global oil shipping through both the Red Sea and the Strait of Hormuz. SCROLL…
$100 Oil Is Back, Raising The Specter Of $5 Gasoline Prices To Come
AT SEA - MARCH 7: (EDITOR'S NOTE: Best quality available) The British-registered cargo ship 'Rubymar' sinking after it was targeted by Yemen's Houthi forces in international waters in the Red Sea, on March 7, 2024, in the Red Sea. The Houthis…
Russia Eyes Longer Diesel Export Ban as Ukraine Hits Oil Assets
Russia is considering extending a diesel-export ban for another month as Ukraine steps up attacks on the country's oil industry, Interfax reported. The move could add extra pressure on fuel markets that are already strained by supply disruptions in…
Oil tops $100 again after Houthi attack on Saudi tankers worsens oil supply disruption
NEW YORK, July 23 (Reuters) - Oil prices climbed above $100 on Thursday, reaching their highest level in nearly two months, after Yemen's Houthis said they had attacked two Saudi oil tankers in the Red Sea, adding to concerns over global…
Best Omega-3 and fish oil supplements 2026, expert-tested
I've been taking fish oil on and off for decades Sign up for our free weekly newsletter for hot deals, best buys and expert reviews I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. We've…
US Stock Futures Slip on Alphabet, Oil Advances: Markets Wrap
US equity-index futures declined after Alphabet Inc.'s spending plans intensified concerns about the payoff from the industry's aggressive artificial intelligence buildout. Oil extended its rally. Contracts for the tech-heavy Nasdaq 100 Index fell…
Here's how much higher oil prices could go as hopes for an Iran peace deal fade
In just a matter of weeks, the worst-case scenario for oil has crept back into the conversation. The oil market is feeling intense whiplash, with hopes for a resolution with Iran breaking down after the latest tension. The price of Brent, the…
Oil Prices Hit $100 a Barrel While Tech Selloff Deepens -- WSJ
Oil prices are back above $100 a barrel, and investors are dumping tech stocks amid fresh worries that hyperscalers are overspending on AI. Brent crude futures jumped 7% after Houthi militants claimed attacks on two Saudi tankers in the Red Sea.
Daily on Energy: What is the Bab el-Mandeb strait and why is oil rising?
Just before 3 p.m. EDT today, Brent crude had jumped by 7.05% and was selling at $100.70 a barrel. West Texas Intermediate also surged 6.09% and was priced at $92.12 a barrel. The price jump was primarily driven by vessels facing the risk of…
Oil Nears $100 Again As Iran-Backed Houthis Target Red Sea Shipping
Global oil prices soared above $98 per barrel on Thursday as Iran-backed Houthi militants targeted Saudi Arabian tankers in the Red Sea, marking the latest escalation in the U.S.-Iran war as Secretary of State Marco Rubio said Tehran is not ready…
Oil prices spike as Houthis say they struck Red Sea tankers
Oil prices have jumped as the conflict with Iran escalates, this time with attacks on ships in the Red Sea by the Houthi militia group aligned with Tehran. On Thursday, international benchmark Brent crude crossed the $100 mark, with futures trading…
Oil prices soar above $98 - TT
(Brandon Bell/Getty Images/Bloomberg) The intensifying war with Iran has pushed Brent crude sharply higher. Rising oil prices are weighing on stocks because they make consumers more cautious about spending while raising costs for most businesses…
Oil prices jump to 100 dollars a barrel after Red Sea shipping attacks
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. The price of oil shot up to 100 US dollars a barrel on…
How the Bab al-Mandab blockade threat helped push oil back above $100
A fresh front in the Middle East crisis opened this week, bringing a return of soaring global energy markets and stoking fears that the oil price could surge to $120 a barrel. In a matter of days the price of Brent crude has jumped by more than…
US Stock Futures Drop as Traders Focus on AI Spending, Oil Jumps
US stock futures retreated as worries over artificial-intelligence spending weighed on sentiment while oil prices closed in on $100 a barrel. Traders braced for more key earnings from Intel Corp., due later in the afternoon. Futures contracts tied…
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