Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

seekingalpha.com - Rob Williams - Trump floats keeping Iranian oil as conflict rattles energy markets
Trump floats keeping Iranian oil as conflict rattles energy markets
Seeking Alpha

President Donald Trump said Sunday that the United States could maintain a presence in Iran and retain control of its oil resources, comparing the possibility with Washington's recent energy agreement in Venezuela, Reuters reported. “We'll…

scmp.com - Zhang Tong - Chinese scientists develop oil refining method that may cut energy use by 90%
Chinese scientists develop oil refining method that may cut energy use by 90%
South China Morning Post

Chinese scientists say they have devised a new technique for refining oil that cuts the amount of energy consumed during the process by roughly 90 per cent. If the technology used in the study could be scaled up for industry, it would not only…

bloomberg.com - FTSE 100 Futures Rise as Oil Marches Higher
FTSE 100 Futures Rise as Oil Marches Higher
Bloomberg

washingtonexaminer.com - Scott Martindale - Today's oil profits aren't price gouging - but Big Oil needs an ultimatum
Today's oil profits aren't price gouging - but Big Oil needs an ultimatum
Washington Examiner

If demand for gasoline, diesel, jet fuel, and other refined products holds up while refinery throughput falls, inventories tighten and refining margins soar. That is exactly what has happened. The Gulf Coast 3-2-1 crack spread — the margin…

rt.com - RT - Russia sees Indian exports moving beyond oil imbalance into pharma, industry and AI
Russia sees Indian exports moving beyond oil imbalance into pharma, industry and AI
RT International

The range and volume of goods exported from India to Russia is expanding rapidly, with industrial products, pharmaceuticals, and IT solutions emerging as new areas of cooperation, according to Russian Economic Development Minister Maxim…

bloomberg.com - Anand Krishnamoorthy - US Stock Futures Fall on AI Warning, Oil Gains: Markets Wrap
US Stock Futures Fall on AI Warning, Oil Gains: Markets Wrap
Bloomberg

Asian stocks and US equity-index futures retreated after major artificial intelligence companies called for a slowdown in the technology's development, raising concerns about a sector that has powered this year's stock rally. Oil advanced. MSCI's…

thestandard.com.hk - The Standard 英文虎報 - Gold prices dip as oil-driven inflation concerns weigh
Gold prices dip as oil-driven inflation concerns weigh
The Standard

Gold prices edged lower on Monday as a rally in oil prices fuelled inflation concerns and reinforced expectations that the US Federal Reserve could raise interest rates at its policy meeting this week. SCROLL TO CONTINUE WITH CONTENT * Spot gold…

yahoo.com - Irina Slav - Soaring Oil Prices Put Fed on Track for September Rate Hike
Soaring Oil Prices Put Fed on Track for September Rate Hike
Yahoo!

The recent spike in crude oil prices will likely result in a fresh rate hike by the Fed this week, according to data from CME Group, cited by The National today. As much as 90% of respondents from trading circles expect a rate hike of 25 basis…

wsj.com - Summer Said - Widening Mideast Instability Squeezes Global Oil Supplies
Widening Mideast Instability Squeezes Global Oil Supplies
Wall Street Journal

DUBAI— Yemen is the latest domino to fall in the chain of instability set off by the U.S. war with Iran, a development that deepens the risk to global energy supplies and complicates efforts to find a diplomatic off-ramp to the conflict. The…

yahoo.com - By Alex Lawler and Dmitry Zhdannikov - Saudi pipeline outage threatens loss of 4% of global oil supply
Saudi pipeline outage threatens loss of 4% of global oil supply
Yahoo!

By Alex Lawler and Dmitry Zhdannikov LONDON, Sept 13 (Reuters) - Saudi Arabia will run out of oil stocks for exports if it doesn't restart its major pipeline to the Red Sea within days, leading to a loss ‌of up to 4% of global supply, Saudi…

seekingalpha.com - Manshi Mamtora - Asian markets mostly lower as U.S. futures slide, oil prices rise (EWJ:NYSEARCA)
Asian markets mostly lower as U.S. futures slide, oil prices rise (EWJ:NYSEARCA)
Seeking Alpha

Asian markets were mostly lower on Monday on rising oil prices after Saudi Arabia shut a key pipeline following drone attacks and postponed talks with Gulf states. Hotter-than-expected US inflation data strengthened the case for a Federal Reserve…

cnbc.com - Alex Harring - Stock futures drop as investors weigh AI safety concerns, oil gains: Live updates
Stock futures drop as investors weigh AI safety concerns, oil gains: Live updates
CNBC

Stock futures fell Sunday night as investors monitored a major shakeup in the pipeline for artificial intelligence initial public offerings amid growing safety concerns, along with the latest oil moves. Dow Jones Industrial Average futures slid 179…

yahoo.com - Irina Slav - Further Oil Price Spikes Could Rekindle Recession Fears
Further Oil Price Spikes Could Rekindle Recession Fears
Yahoo!

This week's oil price surge sharply raised the odds of a Fed interest rate hike next week and re-launched the recession conversation, for the first time since the early weeks of the Iran war. The price spike this week saw Brent Crude prices topping…

yahoo.com - Grace O'Donnell - Stock market today: Dow, S&P 500, Nasdaq futures fall as Anthropic's AI warning spooks tech traders, oil prices jump
Stock market today: Dow, S&P 500, Nasdaq futures fall as Anthropic's AI warning spooks tech traders, oil prices jump
Yahoo!

US stock futures sank on Monday morning after the two leading frontier artificial intelligence companies called for an industrywide slowdown of AI development, sending tech stocks tumbling. Rising oil prices and an upcoming Fed meeting this week…

thehill.com - Ryan Mancini - Trump floats idea to 'stay and keep the oil' in Iran, noting Venezuela deal
Trump floats idea to 'stay and keep the oil' in Iran, noting Venezuela deal
The Hill

President Trump on Sunday floated the idea that the U.S. could “stay and keep the oil” in Iran, comparing the notion to the U.S.'s major oil deal with Venezuela. Trump told reporters while in Doonbeg, Ireland, that the conflict with…

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