Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Why Oil Is Still Stuck Near $100 a Barrel
Hundred-dollar oil is hard to leave behind. The amount of crude flowing from the Middle East has almost returned to levels last seen before the US attacked Iran, triggering one of the biggest supply disruptions in history. But global prices remain…
OPEC+ agrees to keep November oil output targets steady
Jonathan Raa | Nurphoto | Getty Images OPEC+ agreed to keep oil production targets steady for November at a meeting on Sunday, the producer group said, in line with expectations that further output policy adjustments are unlikely until next year.
Zelensky Vows More Oil Refinery Strikes in Russia Despite Trump Appeal
Ukrainian President Volodymyr Zelensky said Saturday that Kyiv will intensify strikes on Russian oil refineries despite President Donald Trump's calls for restraint, arguing that attacks on Moscow's energy sector are a necessary response to a new…
Ukraine war briefing: Kyiv to increase oil refinery attacks because of Moscow's winter strategy, Zelenskyy says
Ukraine will increase its attacks on Russian oil refineries, but won't target civilians, because of a new policy of airstrikes by Moscow designed to force people to abandon Kyiv and other cities, Volodymyr Zelenskyy has said. Ukraine's intelligence…
OPEC, Allies Hold Oil Output Steady Amid Middle East Tensions
Key members of the Organization of the Petroleum Exporting Countries and its allies agreed to keep oil production steady in November, as security risks in the Middle East remain elevated despite signs that regional crude exports are back around…
Iran war live: Houthis claim attack on Saudi oil refinery as ships hit in Hormuz
Yemen's Houthi rebels have claimed responsibility for a coordinated missile and drone strike targeting a Saudi Aramco facility in the capital city of Riyadh. Witnesses reported seeing a large plume of smoke and fire rising near an Aramco…
Why This Oil Giant Keeps Betting on Countries Everyone Else Avoids
The energy sector is known for its volatility, with oil and natural gas prices often rising and falling dramatically. Right now, commodity prices are high, thanks to the still unfolding geopolitical conflict in the Middle East. And what does…
OPEC+ Expected to Hold November Oil Output Quotas Steady
OPEC+ is expected to keep oil production quotas unchanged for November as the ongoing Middle East conflict continues to disrupt crude supplies from several major producers, according to Bloomberg. Seven key members of the oil alliance, led by Saudi…
Houthis target Saudi oil facility as hostilities escalate in Yemen
Yemen's Iran-aligned Houthis say they targeted a Saudi Arabian oil company in retaliation for Saudi attacks on Yemen. The fighting has worsened the already appalling humanitarian conditions in Yemen. Iraq's state-owned Oil Tanker Company says it…
Energy sector outperforms S&P 500 in Q3 as oil prices rise (XLE:NYSEARCA)
The energy sector () advanced 16% in the July-Sep quarter, compared to a 2% rise in the broader market (SP500), finishing as the top-performing market sector. Expanding conflict in the Middle East squeezed global oil supplies in the quarter…
US-Russia talks on Ukraine now involve an oil deal tied to Trump allies
Washington: The Trump administration's talks with Russia about ending the war in Ukraine have expanded to include a multibillion-dollar oil deal that would benefit Middle Eastern business executives with ties to the two main US negotiators, Steve…
The Indian Diabetes Challenge: Why You Need To Look Beyond Sugar And Oils
For years, the standard advice on diabetes has been simple: cut down on sugar and reduce oil. However, India's diabetes crisis cannot be explained by sugar or fat alone. The more important question is what we eat, how much we eat and, in the case…
Justices to weigh in on oil, climate suit | Arkansas Democrat Gazette
A yearslong legal campaign to hold the oil industry accountable for climate change risks running aground in the U.S. as the Supreme Court takes up a case that threatens to undercut dozens of lawsuits. The justices open their new term Monday with a…
OPEC+ Agrees to Keep November Oil Output Targets Steady
OPEC+ agreed to keep oil production targets steady for November at a meeting on Sunday, the producer group said, in line with expectations that further output policy adjustments are unlikely until next year. Seven core members of the group…
325 million oil barrels released to counter global energy crisis: IEA
Around 325 million barrels of oil have so far been released under the International Energy Agency's (IEA) collective action announced in March to address disruptions to global energy supplies amid the West Asia conflict, accounting for more than 80…
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