Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump says oil supermajors are making too much money. What will they do with it?
Big Oil generated $48 billion in second-quarter profits and nearly $90 billion in cash, marking an all-time high. The windfall is fueling fresh political and environmental backlash, with Trump accusing Exxon Mobil and Chevron of making “too…
Oil Rises Amid Growing Doubts Over Strait of Hormuz's Reopening
2334 GMT — Oil rises in early Asian trade amid growing doubts over the reopening of the Strait of Hormuz. A top Iranian official laid out demands for the Strait's reopening, while the U.A.E. said Iran launched a missile attack on one of its…
Oil Extends Gains as Hormuz Deal Remains Elusive: Markets Wrap
Oil extended its gains in early Monday trading as Iran rejected talks with the US and a deal to reopen the vital Strait of Hormuz remained elusive. Global benchmark Brent crude rose 0.8% to trade above $84 a barrel after rising more than 5% over…
Oil Rises Amid Growing Doubts That Strait of Hormuz Can Reopen Soon
Oil prices rose in Asian trade Monday amid growing doubts that the Strait of Hormuz can reopen soon, bolstering concerns over supply disruptions in the Middle East. A top Iranian official made tough demands for the strait's reopening, while the…
Yemen's Houthis claim responsibility for attack on Saudi oil refinery
Yemen's Tehran-aligned Houthis have claimed responsibility for an attack on a refinery in Saudi Arabia, two days after the kingdom signed a defence pact with Turkey and Pakistan in response to growing regional instability…
Indian Stock Markets Decline Amid Rising Crude Oil Prices, Geopolitical Risks
Indian stock markets experienced a downturn in early trade, primarily driven by a significant spike in crude oil prices fuelled by ongoing geopolitical uncertainties, even as global markets showed mixed signals. Indian benchmark indices, Sensex and…
Oil rises amid uncertainty over U.S.-Iran Strait of Hormuz deal
Iranian Foreign Minister Abbas Araghchi said that Tehran is not currently in direct talks with the U.S. to end the war with Iran and open the Strait of Hormuz. Risks remain elevated outside Hormuz too, with Houthi groups in Yemen continuing attacks…
Oil Prices Rise as Hormuz Reopening Remains Uncertain
Oil prices climbed on Monday as uncertainty over the reopening of the Strait of Hormuz kept supply concerns elevated, despite signs that Iran and Oman are nearing an agreement on new shipping lanes. Brent crude futures gained 91 cents, or 1.09%, to…
Pritzker and Trump go after Big Oil. For their own political purposes
On Wednesday, Illinois Gov. JB Pritzker wrote to the U.S. CEOs of seven major oil companies accusing them of “profiteering” from the war in Iran and imploring them to return their bounty to Illinois consumers. “Under the guise…
Oil Prices Rise as Hormuz Reopening Remains Uncertain
Oil prices climbed on Monday as uncertainty over the reopening of the Strait of Hormuz continued to support the market, despite Iran and Oman moving closer to an agreement on new shipping routes through the strategic waterway. Brent crude futures…
Oil prices climb as Iranian demands cloud outlook for Strait of Hormuz
Oil prices are climbing higher as Iran's latest demands for reopening the Strait of Hormuz dampen hopes for a return to stability in global energy markets. Brent crude, the international benchmark, rose more than 1 percent on Monday as Tehran's…
Indian Stock Market Outlook: Crude Oil, West Asia Geopolitics, Inflation Data Key Drivers
The Indian stock market is poised for a volatile week, with crude oil prices, escalating geopolitical tensions in West Asia, and crucial inflation data set to be the primary determinants of market direction, according to leading analysts. Crude oil…
Stock markets decline in early trade on spike in crude oil prices
Market benchmark indices Sensex and Nifty drifted lower in early trade on Monday (August 11, 2026) amid a spike in crude oil prices due to geopolitical uncertainties. The 30-share BSE Sensex dipped 19.38 points to 78,479.79 in early deals. The…
US Stock Futures Flat as Iran Strait of Hormuz Demands Fuel Oil Concerns
U.S. stock futures were largely flat Sunday night as investors assessed renewed geopolitical risks surrounding the Strait of Hormuz, with Iran setting conditions for fully reopening the critical oil shipping route. S&P 500 futures slipped about…
Asian shares are mixed after gains on Wall Street, while oil prices climb
BANGKOK (AP) — Shares were mixed in Asia on Monday, with Japan's Nikkei 225 leading advances after stocks rose on Wall Street, ending last week with gains. Oil prices rose and U.S. futures were little changed. In Tokyo, the benchmark Nikkei…
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