Oil Industry News
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Markets end marginally higher on spike in crude oil prices
Market benchmark indices ended marginally higher on Monday, with the Sensex climbing over 43 points and the Nifty ending flat, amid a spike in crude oil prices due to geopolitical uncertainties. The 30-share BSE Sensex was up 43.27 points, or 0.06…
Trump says oil supermajors are making too much money. What will they do with it?
Big Oil generated $48 billion in second-quarter profits and nearly $90 billion in cash, marking an all-time high. The windfall is fueling fresh political and environmental backlash, with Trump accusing Exxon Mobil and Chevron of making “too…
Abu Dhabi's Oil Sales Boom Offers a Glimpse of Its Post-OPEC Future
This article is for subscribers only. Welcome to the Mideast Money newsletter, I'm Adveith Nair. Join us each week as my team and I chronicle the intersection of money and power in a region that's become one of the most influential in global…
Oil prices increase on wider Middle East concerns - TT
An oil tanker docked at the SK Innovation Co. Ulsan Complex oil refinery facilities in Ulsan, South Korea, on June 25. (SeongJoon Cho/Bloomberg) Oil prices rose after Israel rejected a deal announced by Trump for Gaza, and details emerged on the…
Global stocks tick up with oil steady on Hormuz plans
By Wayne Cole and Harry Robertson SYDNEY/LONDON, Aug 10 (Reuters) - Global equities inched higher on Monday as oil prices held broadly steady after Iran said it was nearing a final pact with Oman defining new shipping lanes in the Strait of…
Trump's Low-Key Pivot Leaves Hormuz Oil in Limbo
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, reporter Grant Smith looks at the latest US pivot on efforts to unblock the Strait of Hormuz. In just over a week, Donald Trump has…
Oil Rises Amid Growing Doubts Over Strait of Hormuz's Reopening
2334 GMT — Oil rises in early Asian trade amid growing doubts over the reopening of the Strait of Hormuz. A top Iranian official laid out demands for the Strait's reopening, while the U.A.E. said Iran launched a missile attack on one of its…
Current price of oil as of August 10, 2026
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Oil Extends Gains as Hormuz Deal Remains Elusive: Markets Wrap
Oil extended its gains in early Monday trading as Iran rejected talks with the US and a deal to reopen the vital Strait of Hormuz remained elusive. Global benchmark Brent crude rose 0.8% to trade above $84 a barrel after rising more than 5% over…
Kazakhstan Weighs New Routes as Drone Strikes Squeeze Black Sea Oil Exports
Kazakhstan is looking to re-route part of its crude oil exports away from its Black Sea export terminal and on pipelines through Azerbaijan, Georgia, and Turkey amid continued threats to its shipments from the Russian Black Sea port of…
Oil Rises Amid Growing Doubts That Strait of Hormuz Can Reopen Soon
Oil prices rose in Asian trade Monday amid growing doubts that the Strait of Hormuz can reopen soon, bolstering concerns over supply disruptions in the Middle East. A top Iranian official made tough demands for the strait's reopening, while the…
Indian Stock Markets Edge Up as Crude Oil Prices Surge on Geopolitical Concerns
Indian stock markets saw marginal gains today, with the Sensex climbing over 43 points and the Nifty remaining flat, as a significant spike in crude oil prices, driven by escalating geopolitical uncertainties, kept investors on a tight leash.
Oil Broadly Flat, U.S. Futures Mostly Higher Ahead of Key U.S. CPI Data
Oil was broadly flat and U.S. futures were mostly higher on doubts for an imminent peace deal in the Middle East, and ahead of key inflation data later this week. U.S. Treasury yields fell, while gold rose. Iran said it was close to a deal with…
Indian Stock Markets Decline Amid Rising Crude Oil Prices, Geopolitical Risks
Indian stock markets experienced a downturn in early trade, primarily driven by a significant spike in crude oil prices fuelled by ongoing geopolitical uncertainties, even as global markets showed mixed signals. Indian benchmark indices, Sensex and…
Ukraine kills 13 in drone strikes on Russian city that's home to major oil refinery
A Ukrainian drone attack Monday on the Russian city of Nizhnekamsk killed 13 people and wounded 38 others, authorities in the Tatarstan region said. Ukraine has targeted Russian oil facilities with long-range drones almost daily in recent months.
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