Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Why Oil Hasn't Hit $150-Yet
TOPSHOT - In this picture obtained from Iran's ISNA news agency on May 4, 2026, vessels are pictured anchored in the Strait of Hormuz off Bandar Abbas in southern Iran. Iran's Revolutionary Guards on May 4 denied that any commercial ships had…
A Tale Of Two Oil Shocks: Why 2026 Feels Big, But Isn't As Big As 1973
1973 Sorry No Gas Sign Beside Gas Pumps At Service Station Due To OAPEC Oil Crisis. Whether the 2026 crisis will approach the severity of the 1973 embargo remains to be seen, but it is unlikely. H. Armstrong Roberts/ClassicStock As the world…
India Weighing Edible Oil Import Duty Hike to Support Farmers
India is considering a request by the domestic vegetable oil industry to raise import duties, potentially increasing taxes on another major commodity just after a hike in gold tariffs. The world's top edible oil buyer is examining whether higher…
Bloomberg Surveillance: Oil Sanctions on Iran
The economy and the markets are 'under surveillance' as we cover the latest in finance, economics and investment. Listen to Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern for the top interviews from Bloomberg Surveillance Television. And join…
BofA's Blanch Says $90 Brent Is Oil Market's Best-Case Scenario
Bank of America 's commodities and derivatives research chief said his best-case oil-price scenario is Brent averaging $90 for the rest of the year, and the market may go even higher if the stalemate with Iran persists or heats up with fresh…
Trump's Iran warning sends oil prices soaring and global markets tumbling
Global markets experienced a turbulent start to the week, with Asian stocks largely retreating and oil prices surging, following a stark warning from Donald Trump to Tehran that 'the clock is ticking' amid stalled negotiations over a permanent end…
Bond market rout deepens as investors fear 'stagflationary shock' from higher oil prices - business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The bond market is doing its traditional job of intimidating governments – and investors – as fears of an inflation shock from…
Indonesian Rupiah Falls to Record Low on Oil as Markets Reopen
The Indonesian rupiah fell to a new all-time low and stocks slid as oil prices advanced and as local markets reopened after a two-day holiday. The rupiah dropped 1.1% to 17,658 per dollar on Monday, the worst performer in the region. Equities…
Watch 'The Clock is Ticking' - Trump's Latest Iran Threat Pushes Oil Prices Higher
'The Clock is Ticking' - Trump's Latest Iran Threat Pushes Oil Prices Higher US President Donald Trump expressed frustration with Iran and told it the 'clock is ticking,' hours after drones targeted a nuclear power plant in the United Arab…
U.S. Lets Russia Oil Sales Waiver Expire in Tight Market - TT
A worker inspects drilling pipes at a gas drilling rig on the Gazprom PJSC Chayandinskoye oil, gas and condensate field in the Lensk district of the Sakha Republic, Russia. (Andrey Rudakov/Bloomberg) The Trump administration allowed a waiver that…
Kharg Island, Iran's energy war over collapsing oil exports
The concept of an energy war has long been confined to the strategic manipulation of pipelines or the imposition of economic sanctions. But today, it has mutated into something far more visceral and visible. We are witnessing a collision between…
Commodity Merchant BGN Adds More Senior Oil Traders to Its Ranks
BGN added two more senior oil traders to its roster, the latest in a series of industry veterans to join the commodity merchant. Harry Thwaites, whose previous employers include Hartree Partners, Trafigura Group and Litasco, joined earlier in May…
India Can Ride Out Disruption After Russian Oil Waiver Lapses
India's oil refiners are expected to weather disruption in supply after the US allowed its waiver on Russian crude purchases to expire, thanks to weaker demand and available barrels from the US and the Middle East. China's virtual absence from the…
UAE ditches oil for AI to build a 'bridge' to the Global South
No country on Earth has adopted artificial intelligence faster than the United Arab Emirates – and the Middle Eastern cultural crossroad's ambitions to become an AI bridge to the Global South just got another major leg up with the delivery…
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