Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Industrials Down as Oil Rebound Weighs on Transports - Industrials Roundup
Shares of industrial and transportation companies fell after a rebound in oil futures weighed on some freight firms. Shares of package-delivery giants UPS and FedEx fell. Defense contractors initially rose after President Trump declared the…
Context Is The Oil Of The AI Economy
Mahesh Rajasekharan is the President and CEO of Cleo. For years, business leaders have understood data is the “new oil.” In the age of AI, that premise deserves an update. Data is abundant. AI models are becoming commoditized. Compute…
Drone offensive hits Russian oil tankers and refineries at 'industrial scale' as Moscow bans diesel exports
Ukraine launched one of its broadest recent drone offensives against Russia's maritime and energy networks this week, claiming strikes on 21 vessels in three days as attacks on major refineries deep inside Russia intensified pressure on Moscow's…
A New Challenge for an African Oil Giant Is Building Trust
Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it's headed. Sign up here to have it delivered to your email. In today's edition, we look at Nigeria's oil industry reforms. And: Bola Tinubu is…
The crypto startup trying to put a barrel of oil on blockchain
The oil industry has spent more than a century pushing into new frontiers. Its engineers pulled crude from beneath deserts, oceans and frozen tundra. Its traders built markets that turned oil into the world's most actively traded commodity. Now a…
Ukrainian drones batter Russian oil facilities and set more oil tankers ablaze
Ukrainian drones hit more Russian oil facilities and set two oil tankers ablaze in the Sea of Azov on Thursday, a day after President Donald Trump pledged to grant Kyiv a license to manufacture the Patriot air defense systems to protect its cities.
Futures Rise, Oil Drops As Markets Ignore Latest Middle East Airstrikes
Futures are higher (although off session highs), and oil erased overnight gains as the market moved past the latest Middle-East flare up which saw the US military strike 90 Iranian targets for a second day and Tehran retaliated against American…
The Global Oil Market Isn't Ready for the Iran Ceasefire to End
Ukrainian drones batter Russian oil facilities, set more oil tankers ablaze
Ukrainian drones on Thursday hit more Russian oil facilities and set two oil tankers ablaze in the Sea of Azov, a day after U.S. President Donald Trump pledged to grant Ukraine a license to manufacture the Patriot air defense systems. Ukraine's…
How global energy markets built the 'Amazon of oil' logistics to keep prices from spiraling
Businesses and governments managed to keep energy prices from skyrocketing as much as feared during the Iran war by leaning into a “just-in-time” delivery system that harnesses innovations in digital and satellite technology and that…
Oil eases as investors assess US-Iran peace prospects
July 9 (Reuters) - Oil prices eased on Thursday after earlier gains as markets assessed the escalating conflict between the U.S. and Iran and its implications for efforts to end the war and fully reopen the Strait of Hormuz. Brent crude…
CFTC Blocking CME Plan to Offer 24/7 Oil Futures Trading
The Commodity Futures Trading Commission is blocking CME Group Inc. 's bid to start offering 24/7 trading in oil futures. The regulator said in a statement on Thursday that it wouldn't allow the exchange to move ahead quickly with a contract that…
Licence to drill? How a Trump-linked Texas oil company is elbowing its way into Greenland
On 10 June, a snowy-haired American in his 60s addressed the residents of a remote Greenland hamlet. He was there to tell them about a business venture supported by figures linked to Donald Trump. “So,” Robert Price said via an…
Oil Prices Pull Back Slightly
Oil prices are stabilizing this morning after President Trump said Iran called him yesterday seeking a deal, raising hopes of a potential pause to this week's attacks. Brent crude futures fell to about $77 a barrel after surging past $80 at one…
Oil Gains, US Stock Futures Drop on New Strikes: Markets Wrap
Oil gained and US equity futures ticked lower after the US said it is striking Iran for the second straight day, an escalation of violence that threatens to choke shipping through the Strait of Hormuz. West Texas Intermediate crude jumped 2.2% to…
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