Oil Industry News

The next inflation shock: $1 million-a-day oil tankers

Former U.S. President Bill Clinton once said that when a crisis breaks out, the first thing everyone in Washington asks is, “Where is the nearest (aircraft) carrier?” That remains a critical question as the U.S. faces off against Iran…

Climate Startup Shifts Focus From Carbon Removal to Oil Recovery

Direct air capture startup Spiritus was founded to remove carbon dioxide from the atmosphere and bury it underground. Now, it's pivoting to selling that CO2 to help extract oil, as the clean-tech industry recalibrates following US federal funding…

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…

Don't Believe the Hype About China's Oil Buying

The global oil market has relied on five key buffers to cushion the impact of the Iran war: Western strategic reserves, bypass pipelines, commercial stockpiles, clandestine tanker runs across the Strait of Hormuz and lower Chinese buying. With some…

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…

Oil platform 'a warning' as government considers new decommissioning rules

The federal government has stepped in to ensure an abandoned oil platform off the West Australian coast is kept in a safe condition after its owners went broke in July. Government says taxpayer funds used will be recouped from industry, but green…

AI trade rallies on falling oil and Meta's Muse agent ahead of Xi-Trump meeting

The global AI trade is staging a comeback, as a confluence of falling oil prices, Meta Platforms' launch of a new agentic tool, and anticipation surrounding the China-US leadership summit reignite interest in technology stocks. The Nasdaq-100 Index…

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…

Oil Prices Mixed as Traders Weigh U.S.-Iran Talks, Saudi Pipeline Progress

Oil prices were mixed Wednesday as traders weighed progress in U.S.- Iran diplomacy and prospects for restoring Saudi export capacity against lingering risks to Middle Eastern supplies. In the European midmorning, Brent crude futures were up 0.4%…

European markets gain as easing oil prices lift investor sentiment (EUR:USD:)

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…

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…

Indian Stock Markets Rebound: Crude Oil Prices Ease, FII Selling Continues

Indian benchmark stock indices, Sensex and Nifty, experienced a rebound in early trade, buoyed by easing crude oil prices, even as sustained selling by Foreign Institutional Investors continues to pose a challenge for domestic equities. Indian…

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…