Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil and gas industry expected surplus - but war brought shortage
In 2023, the International Energy Agency predicted that by 2028 the world's oil companies would produce more oil than people wanted to buy. Prices responded to that and similar projections of slowing oil demand, dropping too low to attract…
China's embrace of electric trucks shifts oil market - TT
Truck driver Qu Shaolong with his e-rig at a charging station in Yulin, Shaanxi Province. (Gilles Sabrié/Bloomberg) China's electric truck adoption accelerated in 2026 as rising diesel prices spurred strong sales growth and expanded use…
Shale executives say Iran war is sowing chaos in oil markets - TT
Pump jacks in Midland, Texas. (Kaylee Greenlee/Bloomberg) Oil bosses in the U.S. are expressing frustration with their inability to plan for the future amid chaos and instability in global crude prices due to the war in Iran. In a series of…
Exclusive | Democratic Senators Challenge Trump Officials on Pentagon's Venezuela Oil Deal
Senate Democrats are challenging the legality and prudence of the Pentagon's plan to take a stake in a Venezuelan oil company, laying the groundwork for a potential probe into the arrangement. The Pentagon's deal for a position in North American…
Why oil is still trading near $100 even though Gulf exports have recovered
Oil exports from the Persian Gulf have largely recovered to their 2025 average levels, but oil prices remain stubbornly high. On Thursday, international benchmark Brent crude oil futures were trading around $97 a barrel after surging during the…
Commodities: Oil Falls As Middle East Supply Fears Ease
Oil prices edged lower in early trading, with NYMEX WTI remaining below $90/bbl as recovering Middle East export flows helped ease supply concerns. US natural gas prices fell nearly 2% day-on-day, with Henry Hub futures slipping below $3/MMBtu. LME…
Live: ASX to fall, price of oil surges
ASX futures: -0.5% to 8765 points ASX 200 (Wednesday close): 8,789 points Australian dollar: +0.04% to 69.5 US cents Wall Street: Dow Jones (-0.95%), S&P 500 (-0.25%), Nasdaq Composite (+0.23%) Europe: Stoxx 600 (-0.5%), DAX (+0.79%), FTSE (-0.5%)…
New UK gas and oil projects are a 'no-brainer', says EDF boss
New oil and gas projects are a “no-brainer” that pose “no contradiction” to the net zero agenda, according to the head of EDF Energy. Simone Rossi has joined a string of renewables leaders in making the case for more…
Oil falls as Middle East exports recover easing supply worries
Worries over supply disruptions eased after Saudi Arabia resumed oil tanker loadings from its Red Sea port of Yanbu. Traders continue to keep a close eye on developments in the Middle East amid concerns that a lasting resolution to the Iran…
Argentina's Stock Rally Narrows to Oil as Rest of Economy Slows
Argentina's stock market is beginning to mirror the economy's uneven growth under President Javier Milei as energy shares reap the benefits of high oil prices while other sectors stagnate. The nation's benchmark S&P Merval index is now down 9% in…
Oil Rises as Supply Concerns Persist Despite Middle East Crude Exports Recovering to Prewar Levels
Oil prices edged higher as Middle East crude exports continued to recover toward prewar levels, easing some immediate supply concerns even as risks around regional shipping and the U.S.- Iran conflict persisted. December Brent crude futures gained…
Oil prices climb on inflation, Iran war - TT
The per-gallon prices are displayed above the various grades of fuel available at a pump at a QuikTrip gasoline station in Greenwood Village, Colo. (David Zalubowski/AP) Oil prices are now hovering between $90 and $100 per barrel as the U.S. war…
Why Iraq's oil cash sits in New York
American troops are scheduled to exit their final military posts in Iraq on Wednesday, a pullout welcomed as a triumph by Iran and its partners. Their sway runs deep across the country, where over two decades of fighting claimed 4,500 U.S. lives.
Rupee's H1FY27 stability: RBI interventions, foreign capital inflows, and global oil impact
The Indian rupee has demonstrated comparative stability in the first half of FY27, depreciating by only 1.1% after a challenging FY26, largely due to strategic regulatory interventions by the Reserve Bank of India and concerted efforts to attract…
Inflation Grips EU's Top Economies as Oil Prices Pummel Region
Inflation in Europe's top economies jumped to the highest level in years following the latest upswing in energy markets, focusing attention on what the European Central Bank will do next to tame prices. Readings for September in Germany, France…
Receive a Daily briefing on Oil Industry News
Get Started