Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
What A Shame!' Trump Laments Decline Of Russia's Oil Industry Amid Putin's War
Donald Trump appears to be concerned about Ukraine's ongoing attacks on Russia's oil refineries – even though Kyiv is only retaliating again Moscow's aggression. Vladimir Putin is expected to “intensify” attacks on the…
Iran's GDP Falls 10.1% as War Disrupts Oil, Industry and Trade | Dynamite News
Post Published By: Aditya Wadhawan Updated: 21 September 2026, 6:16 PM IST Tehran: Iran's economy contracted 10.1% year-on-year during the first quarter of the Persian calendar, according to official data, as the period coincided with the opening…
Trump says Russia 'lost control of its Diesel Oil Industry' after Ukraine drone attacks, calls for end to 'ridiculous' war
WASHINGTON — President Trump publicly called Monday for an end to Russia's war on Ukraine after a series of attacks by Kyiv on Moscow's energy holdings triggered another spike in diesel fuel prices. “Russia has unfortunately lost…
Russia has 'lost control' of its oil industry due to Ukraine war, says Trump
Trump ended his post with a demand to end the conflict in Ukraine. 'This ridiculous and never-ending war with Ukraine must be ended,' he said. 'The whole World suffers as 25,000 people, mostly soldiers, are being killed each month. What a shame!'…
Why oil prices are sliding again after their latest $100-a-barrel spike
The oil market's rollercoaster ride shows no signs of abating anytime soon. That's evident in the recent swing lower in oil prices this week. Crude has slid as investors survey the situation in the Middle East and assess the likelihood of a…
Stock prices up as oil prices slide
Sept. 21 (UPI) -- Stock prices are on the rise on Monday as crude oil prices dip and U.S. Treasury yields slip. The S&P 500 was up 0.6% early on Monday, the Nasdaq Composite climbed 0.9% and the Dow Jones Industrial Average bumped up 0.3%. This…
Asian Stocks to Gain on Tech Optimism, Oil Falls: Markets Wrap
Asian stocks were poised to climb after a tech-fueled rally on Wall Street and a drop in oil prices amid hopes for diplomatic progress in the Iran war. Equity-index futures for Hong Kong, South Korea and Australia pointed higher, while Japanese…
Oil Edges Higher; Focus on Signs of Diplomacy in Mideast Conflict
0034 GMT — Oil edges higher in Asian trade, with front-month Brent futures hovering above the psychologically important $100-a-barrel mark. Attention in oil markets will likely be centered on diplomatic developments, says FXTM's Lukman…
Texas oil and gas industry shows improvement after reporting months of job losses
(The Center Square) – The Texas oil and natural gas industry is showing signs of employment improvement after reporting months of job losses. Employment in the upstream sector increased by 400 jobs between July and August, according to the…
Tech stocks power market surge as bond yields and oil prices tumble
Tech stocks surged Monday, with the Nasdaq 100 recording its single best day since early August as a wave of euphoria swept over the markets. The broader Nasdaq Composite index also rose 2.2% to a new all-time closing high. The S&P 500 index soared…
FTSE 100 climbs as oil prices dip on US-Iran talks hope
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. European stocks closed higher on Monday as oil prices…
Oil-Rates Correlation Jumps To A 35-Year High
Implied volatilities declined across asset classes, with commodity vols dropping most, equity volatility falling, and interest rate volatility easing despite higher nominal yields. The widening spread reflects rising single stock volatility versus…
Trafigura Sees Mideast Oil-Tanker Buying Spree Prolonging Boom
The head of shipping at Trafigura Group said a rush by energy producers across the Middle East to secure oil tankers will continue to drive an industry-wide boom. Shipping costs jumped last week to more than $1 million a day on the market's…
Why Diesel Is Outpacing Crude Oil In The Global Price Surge
The average is at a record $6.52 per gallon in the United States on Monday. Summary is AI-generated, newsroom-reviewed Global crude supply is down about 10 million barrels per day due to Middle East conflicts Iranian and Houthi actions have…
Iraq Could Break Iran's Oil Stranglehold
President Donald Trump says he hopes the Iran War is approaching its end. Europe will certainly share that hope. Seven months of conflict have sent shockwaves through an already fragile global economy. Yet even if the guns fall silent, one brutal…
Receive a Daily briefing on Oil Industry News
Get Started