Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Can Colombia's New Government Reverse the Nation's Oil and Gas Decline?
In a closely contested presidential election in Colombia, controversial far-right candidate Abelardo de la Espriella emerged victorious. After an official recount, his opponent, left-wing senator Ivan Cepeda, conceded defeat. This was a hard-fought…
The volatile AI trade marched higher, but oil kept Wall Street on edge last week
Wall Street's record-setting start to the week ran into two familiar sources of volatility: the artificial intelligence trade and oil. The Dow Jones Industrial Average on Monday closed above 53,000 for the first time ever before renewed U.S.-Iran…
This Week's Market Wrap: Oil Shocks, AI Volatility, And A Resilient Economy
Renewed U.S.-Iran hostilities and attacks on commercial vessels sent crude oil sharply higher, pressuring transportation, housing, materials, and other economically sensitive industries. Semiconductor stocks experienced sharp reversals, but major…
Watch: Morano on Fox on Canada's U-turn toward MAGA oil & gas energy policies - 'This is Trumpism & Trump's energy policies coming to Canada, & Justin Trudeau's legacy going down the toilet now'
Fox Business – Evening Edit – Broadcast July 9, 2026 Marc Morano: It's about time Canada owned up to the disaster that was Justin Trudeau, with all his virtue-signaling on climate that had real economic impacts for Canadians. I've…
Oil Is Below $76. So Why Is Bitcoin Still Below $65,000?
The price of Brent crude oil surged after the start of the current Iran conflict on Feb. 28 and the resulting Strait of Hormuz closure. It jumped 63%, from $72.28 on Feb. 27 to $118.35 at its 2026 high on March 30. De-escalation helped drive the…
U.S. launches new strikes on Iran as standoff threatens chronic Persian Gulf oil instability
President Trump ordered another round of U.S. airstrikes on Iran overnight Saturday after Iranian forces attacked a Cyprus-flagged container ship near the Strait of Hormuz, according to U.S. Central Command. The latest U.S. strikes targeted Iran's…
Bounce May Fade in Oil Futures
Oil prices snapped a four-week decline, as there was a recovery last week. Brent crude oil futures on the Intercontinental Exchange (ICE) ($76/barrel) and crude oil futures in the domestic market (₹6,814/barrel) gained 5.4 per cent and 3.7…
Oil Prices Are Plunging, but Trumpflation Is Getting Worse -- Here's Why
On the surface, everything appears to be humming along for Wall Street. The timeless Dow Jones Industrial Average (^DJI +0.28%) vaulted to a fresh all-time high in early July, while the benchmark S&P 500 (^GSPC +0.42%) and growth-focused Nasdaq…
Global oil demand is falling, and crude prices are down. But here's why gasoline, diesel and other refined products are still costly
Global oil demand is set to decline this year for the first time since the height of the COVID-19 pandemic in 2020, according to a report from the International Energy Agency. The drop, which the agency expects to amount to about 1 million barrels…
Oil firm ordered to suspend production
The Food and Drug Administration (FDA) yesterday ordered the preventive removal of three batches of oil products produced by Central Union Oil Corp (CUOC). The agency said it received CUOC's first report on June 30, stating that a batch of soy…
Man jailed over stabbing in row over spilt oil
A man who stabbed an acquaintance in the back and chest in a row that started over spilt oil in shared accommodation, has been jailed for three years. Housseyn Chaoui (30) got into a disagreement with another man in his shared accommodation in…
IEA says global oil demand is recovering, gulf peace crucial for market stability | Dynamite News
Post Published By: Sreeja Chowdhury Updated: 11 July 2026, 3:10 PM IST New Delhi: A recovery in global oil demand from a low of 97.9 million barrel per day (mb/d) in May (a decline of 5.3 mb/d year-on-year) is underway and by October, the…
Regenerative mustard programme to strengthen India's edible oil value chain: AWL Agri Business
AWL Agri Business Ltd, a food and FMCG company, has welcomed the encouraging results of the Solvent Extractors' Association of India's (SEA) Regenerative Mustard Model Farm Programme, which delivered mustard yield improvements of up to 30 per cent…
Bringing the war to Putin's front door: Is Ukraine's energy strike strategy working?
Ukraine's intensifying campaign against Putin's oil industry is having a growing impact inside Russia, forcing one of the world's largest energy producers to restrict diesel exports, pursue fuel imports and confront shortages stretching from…
Australian company asks to explore Taranaki Basin for oil and gas
A Perth-based company has made an application to explore for oil and gas in the Taranaki Basin. Taranaki Energy - a wholly owned subsidiary of Perth-based Pancontinental Energy - has applied for a permit targeting frontier deepwater off the coast…
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