Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
US Stock Futures, Oil Drop in Volatile Opening: Markets Wrap
(Bloomberg) -- Financial markets got off to a volatile start on Monday, with US equity-index futures and crude oil getting whipsawed as the war in Iran entered a fourth week with no sign of de-escalation. Crude oil swung sharply, jumping 1.9%…
War exposes the truth about the oil beneath our feet in Australia
READ MORE: Aussie doomsday prepper says buy these items now Australia's fuel security weaknesses have been laid bare by the Middle East war, with experts warning that decades of refinery closures have left the nation dangerously dependent on…
Iran responds to Trump power plant threat with oil warning
Iran's parliament speaker warned that any attack on his country's power plants or infrastructure would trigger retaliatory strikes by Tehran on energy and oil facilities across the Middle East. The comments by Mohammad Bagher Ghalibaf were in…
Trump Planned for Big Oil's Global Dominance. Then He Went to War With Iran
From capturing Venezuela's president to attacking Europe's methane rules, President Donald Trump had created a slipstream for his oil-industry backers to expand production of fossil fuels and boost profits. But his war against Iran, now entering…
Eyes on 3D Energi as oil and gas giant Conoco flexes buy-out rights
Before the United States and Israel's war in Iran forced nations to rethink gas supplies, the Australian government was already trying to solve a “tight supply forecast” for the east coast gas market. Now, as this double whammy supply…
Oil futures face new pressure as the US and Iran trade threats to strike key infrastructure
Oil prices are expected to come under renewed pressure when markets reopen after the US and Iran traded threats over the weekend. The price of a barrel of oil has surged from about $70 to more than $100 since the US and Israel began bombing Iran on…
Oil Edges Lower as Traders Eye Trump's Deadline to Reopen Strait of Hormuz
2341 GMT — Oil futures edge lower as traders eye President Trump's deadline to reopen the Strait of Hormuz. Trump on Saturday threatened to “hit and obliterate” Iran's power plants if the country doesn't reopen the Strait in…
Hedge fund sees 31% gain from oil-stock bet
WASHINGTON: Old West Investment Management went all in on energy stocks when oil was trading around US$60 a barrel, Nicolas Maduro was still president of Venezuela and the prospect of a Middle East conflict that would send the world into a crisis…
Oil prices rise after US, Iran threaten to hit energy targets in the Middle East
SINGAPORE — Oil prices rose on Monday after U.S. President Donald Trump and Iran threatened to attack energy facilities in the Middle East, escalating the war. Brent crude futures rose $1.01, or 0.90 percent, to $113.20 a barrel by 2204 GMT…
The New Weapons of Global Power Are Oil, Rare Earths and Microchips
Iran's move to choke off the Strait of Hormuz and turn crude oil into a weapon of war marks a new phase in the 21st-century competition for global power—one that will be defined by the control of critical raw materials and energy. In the…
Watch Oil & Gas Prices Highest in Years
Oil & Gas Prices Highest in Years Dustin Meyer, American Petroleum Institute's SVP of Policy, Economics and Regulatory Affairs joins David Gura and Christina Ruffini this morning on Bloomberg This Weekend to discuss the extended impact the Iranian…
West Asia conflict, crude oil prices to steer stock markets this week
Ongoing tensions in West Asia and fluctuating crude oil prices are set to heavily influence Indian stock market trends, making investor sentiment particularly sensitive in the coming week. Escalating tensions in West Asia and rising crude oil…
Singapore Bonds Ride Out Crude Oil Surge as Other Havens Falter
Singapore's bonds have beaten all their developed-market peers this year as the war in Iran has bolstered haven demand, and fund managers say they are still one of the safest places to be. A Bloomberg index of sovereign debt from the island state…
As Labor faces pressure to respond boldly to oil shock, it needs to find more unconventional levers to pull
The International Energy Agency suggested Australia reduce road speed limits, restrict car use in big cities and encourage more working from home in a bid to nullify what it called the “greatest threat to global energy supply in the history…
Receive a Daily briefing on Oil Industry News
Get Started