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 climate lawsuits advance, the oil industry enters 'panic mode
Could the oil industry be held responsible for fueling the extreme heat that led to a woman's death? That's the question at the heart of a novel lawsuit in Washington state. Misti Leon's mother died from overheating during the hottest day in state…
Stock markets recover as oil retreats
The main international oil contract Brent North Sea fell back under $100 Friday after surging past the key milestone the previous day on escalating Middle East strikes, helping US and European stock markets stabilise. Brent and the key US contract…
Trump is now running out of oil in new energy dangers
London | “We are now witnessing a new phase in the war,” Amir Mohammad Akraminia, the Iranian brigadier general, told state media on Thursday (Friday AEST). He's not wrong. Houthi militants claim to have bombed two Saudi oil tankers…
Oil has surged to $100, but the energy shock may be bigger than it looks
Oil prices have surged over 30% over the past month to breach $100 a barrel as renewed US-Iran fighting in the Middle East threatens global energy supplies. Attacks in the Red Sea are also adding to disruptions through the Strait of Hormuz, putting…
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
In 1912, the French physicist Conrad Schlumberger could be found kneeling on the ground of his family's estate in Normandy, strategically placing wired electrodes in the soil. He was performing conductivity tests to detect the buried ruins of a…
Oil hits $100 per barrel
Oil prices have jumped as the conflict with Iran escalates, this time with attacks on ships in the Red Sea by the Houthi militia group aligned with Tehran. © European Union's Operation Aspides via AP On Thursday, international benchmark Brent…
Gas, groceries and back-to-school items are where shoppers might see higher oil prices surface
NEW YORK (AP) — Already feeling pinched since the start of the Iran war, consumers are likely to feel more pain ahead as oil prices pushed past $100 a barrel Thursday amid renewed fighting and military strikes that have left global oil…
U.S. Futures Stabilize as Oil Falls Below $100
U.S. stock futures steadied in early European trade as Brent crude oil fell back below $100 a barrel. Investors paused for breath after frenetic selling Thursday, when fears around U.S.-Iran escalations reverberated through global markets. The…
Stock Market Skids On Oil, Google, Tesla: Weekly Review
The stock market retreated this past week as crude oil prices surged yet again and Treasury yields hit 18-month highs. The Nasdaq tumbled to undercut June lows while the S&P 500 regained and then lost its 50-day line. The Dow Jones and small-cap…
Oil Prices Top $100 On Cargo Squeeze From The Middle East
Oil tankers 'Al-Riqqa' (left) and 'Al-Yarmouk' sail in the Arabian Gulf waters, off the coast of Kuwait City on June 27, 2026. (Photo: Yasser Al-Zayyat) Oil prices hit their highest levels since May topping $100 per barrel on Thursday as heightened…
US stocks tumble as Brent oil tops $100
Wall Street stocks tumbled early Thursday as oil prices shot higher on worsening effects of the US-Iran war while Tesla and Google parent Alphabet fell sharply after earnings reports. SCROLL TO CONTINUE WITH CONTENT International oil benchmark…
Oil hits $100 after Houthi attack on Saudi tankers worsens oil supply disruption
Oil prices hit their highest in nearly two months on Thursday, rising for a fifth day after Yemen's Houthis said they struck two Saudi oil tankers, widening disruption to global oil shipping through both the Red Sea and the Strait of Hormuz. SCROLL…
Oil Futures Edge Lower on Likely Technical Correction
2339 GMT — Oil futures edge lower on likely technical correction after Brent futures settled above $100 per barrel overnight for the first time in two months. However, losses may be limited by rising concerns over supply disruptions in the…
Higher oil prices hit groceries, gas, back-to-school items - TT
Back-to-school shoppers may see higher prices. (Dusan Stankovic/Getty Images) Oil surged above $100 a barrel July 23 amid renewed Middle East fighting, pushing U.S. gasoline prices to a national average of $4.09. Higher fuel costs are raising…
Overseas buyers in hot pursuit of U.S. crude oil - TT
Drilling rigs in the U.S. (Justin Hamel/Bloomberg) Overseas refiners increased purchases of U.S. crude after attacks in the Red Sea and Black Sea disruptions heightened global supply concerns. Strong demand lifted Gulf Coast WTI to a roughly $5…
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