Oil Industry News
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Iran's GDP Falls 10.1% as War Disrupts Oil, Industry and Trade | Dynamite News
Post Published By: Aditya Wadhawan Updated: 21 September 2026, 6:16 PM IST Tehran: Iran's economy contracted 10.1% year-on-year during the first quarter of the Persian calendar, according to official data, as the period coincided with the opening…
Trump says Russia 'lost control of its Diesel Oil Industry' after Ukraine drone attacks, calls for end to 'ridiculous' war
WASHINGTON — President Trump publicly called Monday for an end to Russia's war on Ukraine after a series of attacks by Kyiv on Moscow's energy holdings triggered another spike in diesel fuel prices. “Russia has unfortunately lost…
Oil exploration in Brazilian Amazon offers wealth but puts communities at risk
Indigenous Chief Wagner Karipuna gazes worriedly at the tranquil river flowing past his village in the Brazilian Amazon as he imagines the nightmare scenario of an oil spill being carried here by the tides. His village, Manga, is located around 20…
GT Voice: China's oil market resilience boosts global energy stability
Staff members do patrol checking at a shale oil joint station of Jiqing Oilfield operation area of Xinjiang Oilfield Company of China National Petroleum Corporation (CNPC) in Jimsar, northwest China's Xinjiang Uygur Autonomous Region, Aug. 30…
Trafigura Sees Mideast Oil-Tanker Buying Spree Prolonging Boom
The head of shipping at Trafigura Group said a rush by energy producers across the Middle East to secure oil tankers will continue to drive an industry-wide boom. Shipping costs jumped last week to more than $1 million a day on the market's…
Trump's Venezuela Oil Deal Hinges on Decrepit and Distant Fields
The success of the Trump administration's blockbuster Venezuela oil deal is riding on fields that are aging, degraded or expensive to access. The agreement last month with Alejandro Betancourt, an energy mogul with a controversial history, includes…
US Stock Futures Climb Ahead of Trump-Xi Meeting as Oil Slips
US equity futures are climbing as oil prices slide and as officials signaled optimism about a summit between US President Donald Trump and China's Xi Jinping this week. Contracts on the S&P 500 Index climbed 0.7% as of 7:46 a.m. in New York, with…
Trading Crude Oil With The UCO And SCO ETFs (NYSEARCA:UCO)
Crude oil's bullish trend is driven by escalating Middle East conflict, supply disruptions, and low U.S. Strategic Petroleum Reserve levels. The ProShares Ultra Bloomberg Crude Oil ETF is rated Buy, supported by strong momentum and liquidity, but…
Global stock markets bounce higher; government bond yields tumble as oil slides - business live
European stock markets have also bounced higher, while government borrowing costs retreated, as oil prices slid on reports that more supplies are passing through the Gulf than though. The UK's FTSE 100 index rose 0.36% to 10,697, up nearly 40…
Oil Prices Fall for Fourth Day as Supply Concerns Ease
Oil prices fell for a fourth consecutive session Monday as improving flows through the Strait of Hormuz and prospects for renewed diplomacy over the Iran conflict eased immediate supply concerns. Brent crude futures were down 1.9% at $101.94 a…
Tanker Shortage Sends Oil-Shipping Rates Soaring
The Iran war has created a new energy-market shortage: the tankers to carry crude oil. Drone attacks that shut Saudi Arabia's bypass pipeline earlier this month have forced more crude back through the Strait of Hormuz and onto a tanker fleet…
Stock market today: Dow, S&P 500, Nasdaq futures rise as oil falls, anticipation builds for Trump-Xi summit
US stock futures drifted higher on Monday as oil prices fell and investors continued to assess the Fed's rate hike and geopolitical uncertainty. Futures on the Dow Jones Industrial Average (YM=F) rose 0.5% after the blue-chip index posted its third…
Chevron (CVX) Supercharges its Venezuela Bet with More Oil Rigs
Chevron Corporation (NYSE: CVX) is about to significantly expand its operations in Venezuela. The company's CFO, Eimear Bonner, revealed at a Barclays conference on September 8 that the American oil giant plans to more than double the number of oil…
High Oil Prices on the Decline
Crude oil prices remain high despite recent signs of easing. (Stock photo) Oil prices are falling slightly and could stabilize at around $100 per barrel of Brent crude. This means oil remains expensive, and there are no signs of any noticeable…
U.S. Treasury Yields Decline as Oil Prices Ease
0617 GMT – U.S. Treasury yields fall in European trading as Brent oil prices slip toward $100 a barrel on a tentative improvement in the geopolitical outlook. “The immediate weakness [in oil] reflects a partial unwinding of the…
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