Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Ahead of Midterms, Oil Markets Were Voting for War
To get John Authers' newsletter delivered directly to your inbox, sign up here. The oil market staged a dramatic reversal on Monday. Brent crude tumbled by 11.4%, its biggest fall in six months. Two questions arise. First, what news could have…
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…
Trump touts oil price dip in closing speech
President Trump on Monday touted a new drop in oil prices during his closing pitch to voters ahead of Tuesday's midterm elections. © Alex Brandon, Associated Press International benchmark Brent crude was trading at $104 Monday afternoon, down…
Oil Falls as Market Tracks Mideast Developments
0000 GMT — Oil prices are lower in early Asian trade as the market tracks developments in the Middle East. America's Gulf allies are steeling themselves for a U.S. bombardment of Iran while the Trump administration and Arab mediators are…
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…
ASX to slip; oil drops; chipmakers gain
Go to latest Australian shares are set to open slightly lower, as investors await early results in the United States midterm elections. S&P/ASX 200 futures were down 5 points, or 0.1 per cent, to 8892 near 3am AEDT. Falling oil prices boosted Wall…
Middle East Oil Markets Flash Signs of Abundance as Flows Rise
Middle East oil markets are indicating near-term supply is outpacing demand for the first time since July — when global prices plummeted after a temporary ceasefire between the US and Iran allowed tankers to exit the Persian Gulf through the…
Venezuela's Oil Rush Brings Private Jets and Soaring Rents to Frontier Town
The beating heart of Venezuela's oil revival doesn't lie in the shiny bubble of the capital Caracas, but rather more than a six-hour drive southeast, in a place called El Tigre. Private jets now routinely touch down in the modest airport on the…
Treasuries Fall Amid Oil Price Swings, Strong Job Openings Data
Treasuries fell after a gauge of US job openings exceeded economist estimates, an indication of labor market strength with the potential to give the Federal Reserve leeway to raise interest rates to curb inflation. The selloff lifted yields across…
Oil Traders Digest Conflicting Signals-But Still Price In Risks
For weeks, global oil markets have braced for the possibility of renewed U.S. strikes on Iran around the time of midterm elections, pricing in significant risk of a wave of supply disruptions. As Americans head to the polls today, an escalation has…
Oil Tumbles, but Stocks Fail To Launch
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. Oil prices tumbled. Unconfirmed reports seemed to suggest that President…
Nasdaq Slide Clouds Asian Open, Oil Falls on Iran: Markets Wrap
Asian technology stocks looked set for losses Tuesday after a selloff in US chipmakers deepened, overshadowing a plunge in oil prices on hopes for diplomatic progress toward ending the war in Iran. Equity-index futures for Japan and South Korea…
Apple margin outlook pressures tech as reported U.S. strike lifts oil
This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Hello, this is Leonie Kidd with today's edition of Morning Squawk. Investors will need to divide their attention today. On the one hand, Apple will…
Attacks on Kish Island drive oil prices higher
Oil prices have risen on global markets following renewed attacks on energy infrastructure. According to the information, oil terminals and energy facilities on Kish Island came under fire. In response, Brent crude prices on the London Stock…
Oil Edges Lower As U.S. Bombs Iran Before Election Day
Oil prices traded modestly lower after sloshing back and forth Tuesday after what U.S. officials described as a small-scale defensive measure against Iranian military sites along the Strait of Hormuz. Crude oil futures traded down 0.5% late Tuesday…
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