Oil Industry News

Resurfaced Video Proves Abdul El-Sayed Would Vote to End America's Oil and Gas Industry

Back in August, Abdul El-Sayed made a fool of himself on Fox News when he sat down for an interview with Jesse Watters. One of the things that came up during that interview was El-Sayed's support for banning the internal combustion engine —…

Hurricane Isaias to 'stress test' oil markets already hobbled by tight fuel supplies

The oil shock created by the Iran war is about to face its first hurricane of the Atlantic storm season, which is set to hit Friday near the heart of the U.S. oil production and refining industry. “At a time of unprecedented oil supply…

Bitcoin Recovers Some Ground on Falling Yields, Oil -- 2nd Update

The flagship cryptocurrency climbed 0.8% to $82,412 after a week of heavy selling pressure saw it fall to as low as $80,544 during Thursday's session, a two-and-a-half week low. Risk appetite improved on Friday on investor hopes for diplomatic…

Nymex Overview: Oil Edges Higher; Hurricane Isaias in Focus -- OPIS

Oil futures were slightly higher around midday Friday following the previous day's sharp rally as market participants evaluated the impacts from shut-ins of offshore oil platforms and possible operational issues of two U.S. Gulf Coast oil…

AI Stocks Recover as Futures Rise, Oil Slips

Stock futures rallied after a tech-led selloff in the previous session, as lower oil prices and a rebound in artificial-intelligence sentiment boosted markets. Nasdaq futures rose 0.8%, partly recovering losses from a sharp drop in AI-linked stocks…

Hurricane Isaias Shuts In Oil Platforms; Two Refineries on Alert -- OPIS

Isaias has already impacted offshore crude oil and natural gas production in the U.S. Gulf Coast region, the Energy Information Administration said early Friday. Based on midday Thursday offshore operator reports, the U.S. Martine Minerals…

Couche-Tard to Acquire Irving Oil Retail Assets in Quebec, Ontario

Alimentation Couche-Tard has agreed to acquire certain assets in Quebec and Ontario from Irving Oil. The Canadian convenience store operator on Friday said it will acquire 50 retail sites already operated by Couche-Tard under the Quebec Alliance…

Markets Rebound As Geopolitical Tensions Ease And Oil Prices Fall

Crude oil prices retreat. Tech stocks in recovery mode after clarification of OpenAI revenues. SpaceX agrees to buy low-band spectrum licenses to challenge mobile carriers. It's been a tough week for traders with a variety of headlines that have…

Oil prices settle as Trump touts 'productive' talks with Iran - TT

Trump said in a social media post on Oct. 8 that his team has been “having productive discussions with the Islamic Republic of Iran.” He also indicated that he will not order a resumption of military strikes on Iran before the Nov. 3…

The oil market that sets today's gas prices was invented in western Pennsylvania

The fall of 2026 is a moment of energy centrality, when geopolitics unfolding far away shows up in Americans' everyday lives. In Pennsylvania, the statewide diesel price averages US$6.50 per gallon. In Iowa, farmers are paying more than $6 a gallon…

How a Billionaire Flipped a Venezuela Oil Field For $500 Million

Colombia's richest man Jaime Gilinski is poised to turn a Venezuelan oil field contract that cost him almost nothing into a $500 million stake in a Latin American crude producer that he's now on the cusp of controlling. How Gilinski obtained the…

U.S.-to-China oil tanker costs more than launching a rocket - TT

Global oil tanker rates surged to record levels, with shipping crude from the U.S. to China costing about $80 million, exceeding a standard SpaceX Falcon 9 launch. A tanker shortage fueled by altered Hormuz trade flows, vessel repositioning and…

Current price of oil as of Oct. 9, 2026

Indian Stock Market Rebounds: Sensex, Nifty Jump on IT Stocks & Lower Crude Oil

Indian benchmark indices, the Sensex and Nifty, staged a significant rebound, jumping over 1 per cent, fuelled by a robust rally in IT stocks and the positive impact of easing global crude oil prices. Indian benchmark indices, Sensex and Nifty…

Oil Eases, Asian Equities Mixed as Mideast Tensions Show Signs of Cooling

Iran has ramped up its attacks on commercial tankers seeking to transit the Strait of Hormuz in recent weeks, putting pressure on the U.S. to respond to the growing aggression. In a Truth Social post Thursday, Trump said, 'We will not be attacking…