Oil Industry News

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

wsj.com - Gold Edges Up as Markets Weigh Oil Pullback
Gold Edges Up as Markets Weigh Oil Pullback
Wall Street Journal

0015 GMT — Gold edges up in early Asia trade as markets weigh a pullback in oil prices. If crude's declines hold, that could ease the inflation fears that have sent bond yields up and stoked rate-hike expectations, weighing on the precious…

wsj.com - Heard - Oil Prices Tumble Again
Oil Prices Tumble Again
Wall Street Journal

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. Stocks lost momentum as potential threats took center stage. Disruption…

wsj.com - Oil Falls as Mideast Developments Remain in Focus
Oil Falls as Mideast Developments Remain in Focus
Wall Street Journal

0029 GMT — Oil falls in early Asian trade. Japan's Kyodo News Agency reported Iran proposed to reopen the Strait of Hormuz if the U.S. lifts its blockade, though Iran's Fars News Agency later cited sources denying the report. Markets will…

bloomberg.com - Gerry Doyle - The Human Cost of an Oil-Focused War
The Human Cost of an Oil-Focused War
Bloomberg

This article is for subscribers only. Welcome back to Bloomberg's Defense Monitor, a weekly rundown on the companies, geopolitics and finances of the future battlefield. Sign up now if you're not already on the list. This is a defense newsletter…

cnbc.com - Sam Meredith - Trump to press Zelenskyy for energy truce, says Russia has 'lost control' of oil due to Ukraine war
Trump to press Zelenskyy for energy truce, says Russia has 'lost control' of oil due to Ukraine war
CNBC

Trump said Russia has “lost control” of its diesel oil industry due to the Ukraine war, as he presses Kyiv to agree to an energy truce with Moscow. U.S. retail diesel prices have climbed above $6.50 a gallon for the first time, with…

washingtonexaminer.com - James Rogan - Capitalism, or why American oil production is surging
Capitalism, or why American oil production is surging
Washington Examiner

The Permian Basin of West Texas and Eastern New Mexico is the primary engine of this growth. The EIA expects Permian production to average nearly 7 million barrels a day this year, with 2027 futures at $80 pointing to even higher output next year.

bloomberg.com - Rong Wei Neo - Goldman Sees China Oil Imports Staying Subdued in Fourth Quarter
Goldman Sees China Oil Imports Staying Subdued in Fourth Quarter
Bloomberg

China's oil imports are likely to remain subdued in the coming months if crude prices stay elevated, according to Goldman Sachs Group Inc., which could keep a lid on further gains. Imports will rise “only moderately” by about 600,000…

yahoo.com - By Mike Dolan - Morning Bid: As oil swoons, AI recharges
Morning Bid: As oil swoons, AI recharges
Yahoo!

Sept 22 (Reuters) - The combination of a buzzy reception for Meta's new AI assistant Muse and softer oil prices was enough to give stocks a lift to start the week, with Mark Zuckerberg's firm surging more than 11% on demand for its new agent…

koreatimes.co.kr - Reuters - Saudi Arabia restarts East-West oil pipeline, sources say
Saudi Arabia restarts East-West oil pipeline, sources say
The Korea Times

SINGAPORE/NEW DELHI — Saudi Arabia has restarted operations at its East-West Pipeline and could resume exports from the Red Sea port of Yanbu later on Tuesday, three sources briefed on the matter said, as signs mounted of an increase in…

cnbc.com - Justina Lee - Oil falls after U.S. and Iran talk for hours at UN meeting
Oil falls after U.S. and Iran talk for hours at UN meeting
CNBC

President Donald Trump said Tuesday that U.S. officials had a 'very good meeting' with Iran's delegation and that it lasted about three hours. Trump earlier said he has a 'big decision' over whether to reach a deal with Tehran or 'annihilate' the…

bloomberg.com - Mia Gindis - Oil Traders Bet on Price Drop at Record Pace as Disruptions Ease
Oil Traders Bet on Price Drop at Record Pace as Disruptions Ease
Bloomberg

Oil traders are flocking to options betting on a decline in Brent crude, with bearish wagers surging to unprecedented levels as investors reposition after a blistering rally in recent sessions. Tuesday saw volume in Brent put options top roughly…

ttnews.com - Stan Choe - Oil prices fall back below $100 a barrel - TT
Oil prices fall back below $100 a barrel - TT
Transport Topics

Stocks got a boost after the price for a barrel of Brent crude fell below $100. Oil prices have been swinging with uncertainty about when the war will allow crude to freely flow again from the Middle East to customers worldwide. On Wall Street…

bloomberg.com - Geoffrey Morgan - US Stock Futures Drift After AI-Driven Rally, Oil Prices Slip
US Stock Futures Drift After AI-Driven Rally, Oil Prices Slip
Bloomberg

US stock futures meandered Tuesday morning with traders holding onto big AI-fueled gains and looked for positive developments in the Middle East conflict that would lead to lower oil prices. Contracts on both the S&P 500 Index and Nasdaq 100…

yahoo.com - By Anushree Mukherjee - Oil prices climb ahead of potential US-Iran talks
Oil prices climb ahead of potential US-Iran talks
Yahoo!

LONDON, Sept 22 (Reuters) - Oil prices gained on Tuesday after declining for four consecutive sessions as investors awaited developments on potential US-Iran talks at the United Nations General Assembly this week ‌after more supplies emerged…

yahoo.com - By Trixie Yap, Nidhi Verma and Florence Tan - Saudi Arabia restarts East-West oil pipeline, sources say
Saudi Arabia restarts East-West oil pipeline, sources say
Yahoo!

By Trixie Yap, Nidhi Verma and Florence Tan SINGAPORE/NEW DELHI, Sept 22 (Reuters) - Saudi Arabia has restarted operations at its East-West Pipeline ‌and could resume exports from the Red Sea port of ‌Yanbu later on Tuesday, three…

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