Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
As OPEC+ meets, Iran war hobbles power to shape oil market
OPEC+ ministers meet Sunday to weigh higher production quotas in a bid to cap oil prices that have surged since the Iran war effectively choked off Gulf crude shipments. But even if the cartel members vow to ramp up output by thousands of barrels…
An Emerging Market Crisis In Oil-Poor Asia?
Reliable availability of cheap energy is, as the Iran war highlights, essential to modern economies and societies, at least for the foreseeable future. Shocks divide the world into the oil haves and oil have-nots. Alongside higher energy prices…
Indian Stock Market Outlook: West Asia Tensions, Oil Prices, FII Activity Key Factors
The Indian stock market is poised to react to simmering tensions in West Asia, the fluctuating crude oil prices, and the trading patterns of foreign investors this week, as analysts highlight these as key determinants for market direction.
OPEC+ set for fourth oil quota hike since Strait of Hormuz closure, sources say
Jonathan Raa | Nurphoto | Getty Images OPEC+ is set to agree on Sunday a fourth increase in oil output targets in as many months, three OPEC+ sources said, even though the U.S. war with Iran is still preventing several of the group's members from…
TikTok Says Seed Oils Are Dangerous-Dietitians Disagree
Confused by weekly nutrition headlines that seem to contradict each other? You're not alone. From TikTok “experts” swearing off entire food groups to viral posts promising quick fixes, today's nutrition landscape is overflowing with…
Oil drilling rises in longest U.S. streak since 2022 on price bump
US oil drilling has expanded for six straight weeks, the longest uptrend in almost four years, after the Iran war pushed crude prices higher. The number of rigs drilling across US oil fields rose by two this week to 431, according to data released…
As OPEC+ meets, Iran war hobbles power to shape oil market
But even if the cartel members vow to ramp up output by thousands of barrels per day, analysts say geopolitical realities mean they probably won't move the needle on prices. With the crucial Strait of Hormuz shut since US and Israeli attacks on…
Russia in flames as Ukraine bombards oil depots with lethal drone blitzkrieg
Smoke could be seen across the city following the attacks Ukraine has launched a blistering assault on the Russian city of St Petersburg, the second of its kind in a week. Residents of Russia's second-largest city, were told not to leave their…
Why oil didn't hit $200 despite the biggest supply shock in history
Dubai: Despite the effective closure of the Strait of Hormuz for more than three months — cutting over 10 million barrels per day of Middle East oil supplies — prices did not surge as expected. Oil remained below $130 per barrel, far…
Why Oil is not at $200 a barrel after the biggest supply shock in history
For decades, oil traders, executives and analysts warned that closing the Strait of Hormuz would be a global economic catastrophe. It's now been more than three months since the waterway was effectively blocked, creating the worst supply shock in…
Kinahan cartel supertanker seized by US special forces in £181m Iranian oil bust
US Special Forces have seized a 1,000-foot oil tanker in the Indian Ocean. The operation disrupted a transnational operation linked to the Kinahan crime cartel that used front companies to move sanctioned Iranian oil worth an estimated $230 million…
The Energy Trade Is Bigger Than Oil Prices: 3 Stocks to Buy and 2 to Sell
$57.67 -1.08 (-1.84%) As of 06/5/2026 04:10 PM Eastern Assets Under Management $38.91 billion Energy stocks have been on a tear, but not every name in the sector is telling the same story. Rob Spivey and Joel Litman of Altimetry Research believe…
DoCA prescribes standard pack sizes for edible oils under Legal Metrology framework
The Department of Consumer Affairs has prescribed standard pack sizes for edible oils under the Legal Metrology framework, in a move that is aimed at helping consumers compare prices across brands to make informed purchasing decisions. DoCA on…
West Asia tensions, oil prices, inflation data key drivers for gold this week: Analysts
Gold prices will remain sensitive to developments in West Asia, movement in crude oil prices, and a series of key economic data releases in the coming week, analysts said. Investors will monitor trade and inflation data from China and the US…
India's energy demand boom to reshape global markets, says Rosneft chief
India will account for about half of global oil demand growth and 15% of the increase in global electricity consumption over the next decade, making it one of the world's most important energy markets, Igor Sechin, chief executive of Russian oil…
Receive a Daily briefing on Oil Industry News
Get Started