Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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…
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…
Trump to press Zelenskyy for energy truce, says Russia has 'lost control' of oil due to Ukraine war
Trump said Russia has “lost control” of its diesel oil industry due to the Ukraine war, as he presses Kyiv to agree to an energy truce with Moscow. U.S. retail diesel prices have climbed above $6.50 a gallon for the first time, with…
Capitalism, or why American oil production is surging
The Permian Basin of West Texas and Eastern New Mexico is the primary engine of this growth. The EIA expects Permian production to average nearly 7 million barrels a day this year, with 2027 futures at $80 pointing to even higher output next year.
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…
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…
Oil Traders Bet on Price Drop at Record Pace as Disruptions Ease
Oil traders are flocking to options betting on a decline in Brent crude, with bearish wagers surging to unprecedented levels as investors reposition after a blistering rally in recent sessions. Tuesday saw volume in Brent put options top roughly…
Oil prices fall back below $100 a barrel - TT
Stocks got a boost after the price for a barrel of Brent crude fell below $100. Oil prices have been swinging with uncertainty about when the war will allow crude to freely flow again from the Middle East to customers worldwide. On Wall Street…
US Stock Futures Drift After AI-Driven Rally, Oil Prices Slip
US stock futures meandered Tuesday morning with traders holding onto big AI-fueled gains and looked for positive developments in the Middle East conflict that would lead to lower oil prices. Contracts on both the S&P 500 Index and Nasdaq 100…
Oil prices climb ahead of potential US-Iran talks
LONDON, Sept 22 (Reuters) - Oil prices gained on Tuesday after declining for four consecutive sessions as investors awaited developments on potential US-Iran talks at the United Nations General Assembly this week after more supplies emerged…
Saudi Arabia restarts East-West oil pipeline, sources say
By Trixie Yap, Nidhi Verma and Florence Tan SINGAPORE/NEW DELHI, Sept 22 (Reuters) - 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…
Russian Oil Flows Dip as US Sanctions, Saudi Supplies Loom
Russia's crude oil shipments slipped in the latest week, just as new US sanctions and the gradual restoration of flows from Saudi Arabia's west coast intensify competition in Moscow's key markets. In the four weeks through Sept. 20, Russia's…
Record Oil Supertanker Rates Make Waves for the Whole Fleet
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, Senior Reporter Alex Longley looks at how record earnings are trickling down through the global tanker fleet. There's no precedent for…
ASX set to advance, Wall Street steady; Oil prices slip
Wall Street is holding near its record high in a relatively quiet day for markets worldwide. The S&P 500 rose 0.1 per cent is sitting 0.4 per cent below its all-time high set last month. The Dow Jones Industrial Average was down 168 points, or 0.3…
Futures Flat As Oil, Yields Drop Ahead Of Trump UN Address
Futures are flat, having recoverd a modest drop after the European open, following yesterday's strong, positive performance despite energy prices and yields being lower for a second consecutive day. As of 8:00am ET, S&P and Nasdaq futures are…
Receive a Daily briefing on Oil Industry News
Get Started