Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
America's oldest bad idea about oil
Seventy-three years ago, Washington decided that an elected prime minister was bad for the oil market. Mohammad Mossadegh had nationalized the Anglo-Iranian Oil Company, the forerunner of BP. In August 1953, he was overthrown. For decades, the…
Russia says 'massive' drone attack kills one, hits oil sites
A 'massive' Ukrainian drone attack overnight killed one person, wounded five others and set two oil refineries ablaze in the Russian city of Saint Petersburg, its governor said Sunday. SCROLL TO CONTINUE WITH CONTENT 'One person was killed and five…
Rural communities exposed to heating oil costs, minister says
Some people say they are finding it hard to heat their homes after increases in heating oil costs fuelled by the US-Israeli war with Iran. Residents in the South West told the BBC they have held off buying fuel for the winter in the hope prices…
Rural communities exposed to heating oil costs, minister says
David Dixon, in Truro and Julia Gregory, Devon Some people say they are finding it hard to heat their homes after increases in heating oil costs fuelled by the US-Israeli war with Iran. Residents in the South West told the BBC they have held off…
Ukrainian Drone Strike Hits Putin's Hometown, Striking Oil Terminal
Ukrainian drones unleashed early Sunday the biggest attack on St. Petersburg since the start of the war, hitting a major oil terminal and other critical targets in Russian President Vladimir Putin's hometown following the collapse of a fragile…
My Costco price tracker is pretty stable, but big increases hit oil and protein
Like the proverbial pot that's been watched but won't boil, the Costco prices I've tracked this year have remained remarkably calm amid an economy full of heat. A basket of 45 items I'm following rose 3% since July, but that change is largely…
Week Ahead: Rates, AI, And Oil
The 30-day correlation between DXY and the US two-year yield fell to a seven-month low before the firmer than expected September CPI last week, slightly below 0.30. The semiconductor index finished at new lows since mid-September, and in what…
Ukraine targets Russia with more than 1,000 drones, striking oil terminal in St. Petersburg
LONDON and MOSCOW -- Ukraine overnight launched a massive aerial attack, sending hundreds of drones toward targets in Moscow and St. Petersburg, and striking a major oil terminal again despite pressure from President Donald Trump to end such…
Ukraine Launches Over 1,000 Drones At Russia, Hitting Oil Depots, Amid Trump's Demand For Energy Ceasefire
Ukrainian forces unleashed more than 1,000 drones on Russia overnight Sunday, setting oil depots in St. Petersburg ablaze in one of the war's largest aerial assaults. Fires erupted at the Petersburg Oil Terminal and the city's Ruchi oil depot…
Jio Platforms IPO, Q2 Earnings, Crude Oil Prices: Key Market Drivers Next Week
As the Indian stock market enters a holiday-shortened week, investor sentiment will be primarily shaped by the highly anticipated Jio Platforms IPO, ongoing quarterly earnings reports, and fluctuations in crude oil prices. The Jio Platforms IPO…
Analysis-Carney's pipeline push is unlikely to bring back Canada's oil jobs boom
FORT MCMURRAY, Alberta, Oct 18 (Reuters) – Canada's Prime Minister Mark Carney is betting a new pipeline can help revive the country's oil industry, boost its production and exports, and reduce its dependence on the United States. Bringing…
RBA's worst nightmare as oil pushes up inflation threat
There are growing concerns within the Reserve Bank that the fallout from the war against Iran means inflation will remain elevated and force it to push up interest rates higher, even if it means more people may end up unemployed as the Australian…
Ukraine strikes Russian oil terminal as tensions with Washington deepen (CO1:COM:Commodity)
Ukraine struck a major Russian oil terminal during a large overnight drone assault, continuing its campaign against energy infrastructure despite President Donald Trump's demand that it stop, according to multiple media reports. The attack comes as…
Bo French, Jon Rosenthal battle over culture, job duties in bid to regulate the oil and gas industry
ODESSA — Jon Rosenthal planned to spend much of the summer and fall explaining the nuances of the Texas Railroad Commission, the three-member council that regulates the state's oil and gas industry, and pitching himself to voters as the best…
US, Israel face threats of war if oil prices keep rising
High oil prices are going to be an issue over the next few weeks if they continue to stay above $100 a barrel. That is a clear challenge for the United States and also potentially for Israel in terms of keeping a lid on a renewed conflict with Iran…
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