Oil Industry News

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

bloomberg.com - Javier Blas - Iran Isn't the Only Conflict Vexing the Oil Market
Iran Isn't the Only Conflict Vexing the Oil Market
Bloomberg

The end of the Iran war, despite all the ups and downs in the ceasefire talks, has solved one oil problem. The price of crude has fallen to less than $75 a barrel, roughly where it was before the conflict began in February. But the almost…

thehindu.com - Oil conundrum: On India's energy imports from Russia
Oil conundrum: On India's energy imports from Russia
The Hindu

Union Ministry of Commerce and Industry (MCI) data on India's May crude imports show that receipts from Russia had reached the pre-sanction levels of more than 40%, which is also the highest in two years. Though India has defended this as…

forbes.com - Robert Rapier - The U.S. Is Both The World's Top Oil Producer And Top Consumer
The U.S. Is Both The World's Top Oil Producer And Top Consumer
Forbes

MIDLAND, TEXAS - JULY 7: Pumpjacks operate as a flare burns a few hundred yards from apartments Thursday, July 7, 2022, in Midland. (Jon Shapley/Houston Chronicle via Getty Images) Houston Chronicle via Getty Images The newly released 2026…

bloomberg.com - Matthew Burgess - Oil Climbs, US Futures Dip on Fresh Iran Strikes: Markets Wrap
Oil Climbs, US Futures Dip on Fresh Iran Strikes: Markets Wrap
Bloomberg

Oil jumped and US equity futures fell after the US launched another round of strikes against Iran, while conflicting claims over the status of the Strait of Hormuz heightened uncertainty. S&P 500 contracts dropped 0.2% in early trading Monday after…

bloomberg.com - Watch Oil Market Prices In Hormuz Resilience
Watch Oil Market Prices In Hormuz Resilience
Bloomberg

Oil Market Prices In Hormuz Resilience Bloomberg Intelligence senior commodities strategist Mike McGlone says oil markets are largely accepting US assurances that the Strait of Hormuz remains open, with expanding Western Hemisphere supply and…

thestandard.com.hk - The Standard 英文虎報 - Oil jumps 4 percent as new military strikes threaten Hormuz shipments
Oil jumps 4 percent as new military strikes threaten Hormuz shipments
The Standard

Oil prices surged over 4 percent on Monday as energy shipments via the Strait of Hormuz remained under threat, with the US and Iran announcing renewed military strikes. SCROLL TO CONTINUE WITH CONTENT Brent crude futures climbed US$3.10, or 4.08…

rediff.com - Nandita Malik - Indian Stock Market Outlook: Geopolitical Tensions, Q1 Earnings, Crude Oil Prices
Indian Stock Market Outlook: Geopolitical Tensions, Q1 Earnings, Crude Oil Prices
Rediff.com

Indian equity markets are poised for volatility, with analysts highlighting geopolitical tensions between the US and Iran, the upcoming Q1 FY27 earnings season, and crude oil price movements as the dominant forces shaping investor sentiment. The…

thestandard.com.hk - The Standard 英文虎報 - Oil jumps 3 percent after US, Iran escalate strikes in Mideast
Oil jumps 3 percent after US, Iran escalate strikes in Mideast
The Standard

Oil prices jumped on Monday as Iran expanded strikes on Gulf states following attacks by the United States, threatening energy shipments via the Strait of Hormuz. SCROLL TO CONTINUE WITH CONTENT Brent crude futures climbed US$2.34, or 3.08 percent…

independent.co.uk - Wayne Cole - Oil prices jump after US and Iran escalate strikes in the Middle East
Oil prices jump after US and Iran escalate strikes in the Middle East
The Independent

Share markets slipped in Asia on Monday as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices surging and rekindling ⁠ inflation risks globally. Brent crude climbed 3.3 per cent in…

independent.co.uk - Elaine Kurtenbach - Oil prices jump and Asian shares slip as US and Iran carry out airstrikes
Oil prices jump and Asian shares slip as US and Iran carry out airstrikes
The Independent

Oil prices jumped and Asian shares were mostly lower Monday after the U.S. carried out airstrikes and Iran retaliated. The price of Brent crude, the international standard, gained 3.9% to $78.96 per barrel, while U.S. benchmark crude oil added 4%…

cnbc.com - Spencer Kimball - Oil prices rise as U.S. and Iran fight for control of Strait of Hormuz
Oil prices rise as U.S. and Iran fight for control of Strait of Hormuz
CNBC

Oil prices rose Sunday evening after the U.S. and Iran traded strikes as they contest control of the Strait of Hormuz, one of the most important trade routes for global energy supplies. U.S. crude oil futures were up 3.4% to $73.87 per barrel by…

wsj.com - Oil Prices Rise After U.S. and Iran Exchange New Rounds of Attacks
Oil Prices Rise After U.S. and Iran Exchange New Rounds of Attacks
Wall Street Journal

2353 GMT — Oil prices rise in early Asian trade. The U.S. conducted multiple waves of strikes on Iranian military targets Sunday, while Iranian forces fired at commercial vessels transiting the Strait of Hormuz, a key waterway through which…

theguardian.com - Erin McCormick - 'Huge wave' of carbon storage projects causes alarm in small-town USA as oil firms eye billions in subsidies
'Huge wave' of carbon storage projects causes alarm in small-town USA as oil firms eye billions in subsidies
The Guardian

The plan to bury carbon under remote Indiana farmland is supposed to be a slam dunk for the climate, according to its supporters – all generously funded by US tax dollars. But as far as Melissa Harrison and some other residents of Clymers…

fool.com - Motley Fool Staff - Is The Oil Crisis Over? Or Is It Just Beginning?
Is The Oil Crisis Over? Or Is It Just Beginning?
The Motley Fool

In this episode of Motley Fool Hidden Gems Investing, Motley Fool contributors Travis Hoium, Lou Whiteman, and Tyler Crowe discuss: Why oil prices are dropping. Did China prevent an energy crisis? The new OpenUSD stablecoin. Are stablecoins…

zerohedge.com - Tyler Durden - United States Retains Spot As World's Top Oil Producer
United States Retains Spot As World's Top Oil Producer
Zero Hedge

The United States was the largest crude oil producer in the world in 2025, outputting a “record-high” 13.6 million barrels per day (bpd), according to a July 9 statement from the Energy Information Administration (EIA). America's…

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