Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Down as Oil Futures Hold Losses - Energy Roundup
Shares of energy companies fell as oil futures held their hefty Monday losses, hovering around $96 a barrel in New York as traders tried to assess the likelihood of peace negotiations in Iran. Shares of Marathon Petroleum slipped despite the oil…
AI, Oil, Tariffs on Asia Markets' Minds as America Votes
As polls close, here's what to watch: BLUE SWEEP: Many predictions markets see Democrats gaining control of both the House and Senate as the most likely outcome--one that could complicate the administration's capacity to push through policy. A…
Zelensky steps up attacks on Russian oil refineries as he gives up on Trump
Volodymyr Zelensky has clearly shelved any chance of respecting US President Donald Trump's cowardly demand to stop Kyiv's oil blitz on Russia. Ukraine's devastating attacks on Russia's oil refineries and other energy installations have have…
Aghdam's industrial revival looks promising for Azerbaijan's non-oil economy
The expansion of manufacturing in the Aghdam Industrial Park illustrates how investment in liberated territories can support employment, strengthen domestic production and introduce Azerbaijani goods to international markets. The production of…
Azerbaijan to allocate ₼434 million for Heydar Aliyev oil refinery modernisation in 2027
Azerbaijan plans to allocate ₼434 million ($255.29 million) in 2027 to finance the modernisation and reconstruction of the Heydar Aliyev Oil Refinery, one of the country's key strategic industrial facilities. The funding is envisaged in the…
![azernews.az - SOCAR and AnewZ premiere documentary on Baku's Historic Oil Boom [PHOTOS]](https://www.azernews.az/media/2026/11/04/17937812655494520579_1200x630.jpg)
SOCAR and AnewZ premiere documentary on Baku's Historic Oil Boom [PHOTOS]
The premiere of “Oil and Ink: Stories Written in Oil,” a documentary jointly produced by the State Oil Company of Azerbaijan (SOCAR) and AnewZ television channel, was held at the Nizami Cinema Center on November 3. The event was…
Oil Prices Fall as U.S. Midterm Results Unfold
0234 GMT — Oil trades lower in early Asian trading as markets continue to monitor U.S. election results. Prices have been volatile as traders digest conflicting signals on the progress of U.S.- Iran peace talks, ANZ Research says in a note.
Gold Edges Higher Amid Cooling Oil Prices
0010 GMT — Gold edges higher amid cooling oil prices. However, stronger-than-expected U.S. data overnight is likely to limit the gains. U.S. job openings jumped to 7.52 million in September, well above the 7.1 million expected. The strong…
Palm Oil Sinks to Lowest Since June as Stockpile Concerns Mount
Palm oil futures dropped for a third session to the lowest level since mid-June on concerns about swelling stockpiles in Malaysia, the world's second-biggest grower.
Suncor Energy tops profit estimates on higher oil prices, margins
Nov 3 (Reuters) – Canada's integrated oil and gas producer Suncor Energy surpassed analysts' expectations for third-quarter profit on Tuesday, as higher oil prices and strength in refinery margins helped offset lower production and…
Canadian Oil at Widest Discount to US Prices Since 2018
Canadian heavy crude prices reached their weakest relative to US oil futures since 2018, when a massive pipline bottleneck prompted Alberta's government to impose production limits on the largest producers. Western Canadian Select's discount in…
Oil Prices Rise as Investors Weigh U.S. Midterm Results, Iran Risks
Oil prices rose Wednesday as investors weighed the Democrats' sweep of Congress in the U.S. midterm elections and the implications for President Trump's approach to Iran, amid uncertainty over whether Washington will pursue diplomacy or renew…
Can eating the wrong oil really make you dumber?
SCROLL TO CONTINUE WITH CONTENT Taiwanese internal medicine doctor Fu Yu-hsiang shares a case: during a clinic visit, a woman asked him, 'Doctor, my mother's memory has been getting worse and worse lately. Should I buy some brain-boosting…
Oil prices rebound after U.S. attacks Iran - TT
The U.S. struck targets on the Iranian island of Qeshm inside the Strait of Hormuz overnight. (Bloomberg) Oil prices rebounded from a sharp retreat to start the week after the United States conducted defensive strikes on Iranian targets in the…
Indian Stock Market Rally: FII Inflows, Crude Oil Prices Drive Sensex, Nifty Higher
Indian stock markets, including the Sensex and Nifty, are experiencing a robust rally for the fifth consecutive day, primarily fuelled by substantial foreign institutional investor inflows and a favourable dip in global crude oil prices. Indian…
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