Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Ukraine defies Trump to resume attacks on Russian oil refineries
Ukraine has resumed its attacks on Russian oil refineries in defiance of pressure from Donald Trump ahead of the US midterm elections, with a ceasefire in the occupied town of Oleshky due to end late on Sunday. Russian state media said on Sunday…
Stock Market Forecast: Geopolitics, Oil Prices, Q2 Earnings, US Midterms
Indian stock markets are poised for a dynamic week, with analysts predicting that geopolitical tensions, particularly concerns surrounding renewed US-Iran conflict, fluctuating crude oil prices, and the ongoing quarterly earnings season will be the…
Everything changed for the oil, AI and bond trades over the past month
Oil futures have risen over the past month, but breaking with what had been an 80% correlation this year, treasury yields declined during the same time period. What changed? The decline in the leading artificial intelligence stocks, the Mag 7…
Europe Is Now Seriously Rethinking Its Oil Refinery Phase-Down
Europe has shut down roughly a quarter of its refineries over two decades, increasing dependence on imported fuels and exposing the bloc to geopolitical supply disruptions. The latest energy crisis has added over €100 billion to Europe's…
Russia suffers 'deadliest month of war' as Kyiv hits missile plant and oil refinery
Russia has suffered its deadliest month of the war in Ukraine since it began four years ago, according to figures released by Kyiv, as Ukrainian forces launched overnight strikes against a major Russian missile plant. Ukrainian military officials…
C Rangarajan calls for oil reserves, energy security and new India development strategy
The two pillars of the international trading system, international consensus on tariff rates and the free movement of goods along sea routes, had been knocked down, he said. India needed to address these immediate concerns, which could worsen if…
Oil Futures Rose in October as U.S. 10-Year Treasury Yields Fell
Oil futures rose in October as U.S. Treasury yields fell, with Reuters citing supply concerns and CNBC reporting that BlackRock portfolio manager Jeffrey Rosenberg saw AI-related growth fears reshaping bond-market thinking. Reuters reported Brent…
Ukraine-Russia war live: Russian official says oil refinery hit in 'massive' attack
Russian investigators have opened a criminal case on terrorism charges over a Ukrainian attack on an industrial facility and civilian infrastructure in the Nizhny Novgorod region, state news agency TASS said. Earlier, the region's governor said…
European Commission Begins Reevaluating Emissions Trading System, to Restore EU Oil Refining Capacity
This is an interesting potential shift in energy position for the European Union. There has been zero investment by the EU nations in oil refining capacity. Simultaneously, Europe is now realizing they need diesel and jet fuel. Under the EU…
Crude Oil Prices Face Volatility as Iran Diplomacy, Strait of Hormuz Risks Loom
Crude oil prices are poised for continued volatility with an upward trend, as the delicate balance of US-Iran diplomatic efforts and persistent geopolitical risks, particularly concerning the vital Strait of Hormuz, dictate market movements. Crude…
Cavvy Energy Benefits Tremendously From Iran War - And Not Because Of Oil (TSX:CVVY:CA)
Cavvy Energy offers unique small-cap exposure to sulfur, with revenue and earnings surging due to global supply disruptions from the Iran war. Q2 net income quintupled to C$16.2M despite lower production, as sulfur - just 5% of volume - drove…
OPEC+ Keeps December Oil Production Requirements at September 2026 Levels
Seven OPEC+ producers will keep their December 2026 required production levels at September 2026 levels, maintaining the group's near-term supply settings as members look toward 2027 production baselines. The Organization of the Petroleum Exporting…
OPEC+ agrees in principle to keep oil output targets steady in December, sources say
Jonathan Raa | Nurphoto | Getty Images OPEC+ oil-producing countries have agreed in principle to keep their December oil output targets steady at a meeting on Sunday, three people with knowledge of the matter told…
Deb Haaland Was a Climate Hero of the Left. Now She Wants to Govern Oil-Rich New Mexico.
Get your news from a source that's not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. If anyone knows how to run a race, it's Deb Haaland. She descends from Pueblo runners who delivered secret messages to stage a…
OPEC+ set to keep oil output targets steady, sources say
By Ahmad Ghaddar and Olesya Astakhova LONDON/MOSCOW, Nov 1 (Reuters) – OPEC+ oil-producing countries were set to keep oil production targets steady for December at a meeting on Sunday as the group still struggles with export…
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