Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Ukraine defies Trump to resume attacks on Russian oil refineries
Ukraine has resumed its attacks on Russian oil refineries in defiance of pressure from Donald Trump ahead of the US midterm elections, with a ceasefire in the occupied town of Oleshky due to end late on Sunday. Russian state media said on Sunday…
Stock Market Forecast: Geopolitics, Oil Prices, Q2 Earnings, US Midterms
Indian stock markets are poised for a dynamic week, with analysts predicting that geopolitical tensions, particularly concerns surrounding renewed US-Iran conflict, fluctuating crude oil prices, and the ongoing quarterly earnings season will be the…
Everything changed for the oil, AI and bond trades over the past month
Oil futures have risen over the past month, but breaking with what had been an 80% correlation this year, treasury yields declined during the same time period. What changed? The decline in the leading artificial intelligence stocks, the Mag 7…
Europe Is Now Seriously Rethinking Its Oil Refinery Phase-Down
Europe has shut down roughly a quarter of its refineries over two decades, increasing dependence on imported fuels and exposing the bloc to geopolitical supply disruptions. The latest energy crisis has added over €100 billion to Europe's…
Russia suffers 'deadliest month of war' as Kyiv hits missile plant and oil refinery
Russia has suffered its deadliest month of the war in Ukraine since it began four years ago, according to figures released by Kyiv, as Ukrainian forces launched overnight strikes against a major Russian missile plant. Ukrainian military officials…
Oil Futures Rose in October as U.S. 10-Year Treasury Yields Fell
Oil futures rose in October as U.S. Treasury yields fell, with Reuters citing supply concerns and CNBC reporting that BlackRock portfolio manager Jeffrey Rosenberg saw AI-related growth fears reshaping bond-market thinking. Reuters reported Brent…
Ukraine-Russia war live: Russian official says oil refinery hit in 'massive' attack
Russian investigators have opened a criminal case on terrorism charges over a Ukrainian attack on an industrial facility and civilian infrastructure in the Nizhny Novgorod region, state news agency TASS said. Earlier, the region's governor said…
European Commission Begins Reevaluating Emissions Trading System, to Restore EU Oil Refining Capacity
This is an interesting potential shift in energy position for the European Union. There has been zero investment by the EU nations in oil refining capacity. Simultaneously, Europe is now realizing they need diesel and jet fuel. Under the EU…
Crude Oil Prices Face Volatility as Iran Diplomacy, Strait of Hormuz Risks Loom
Crude oil prices are poised for continued volatility with an upward trend, as the delicate balance of US-Iran diplomatic efforts and persistent geopolitical risks, particularly concerning the vital Strait of Hormuz, dictate market movements. Crude…
Two Oil Tankers Explode In Strait Of Hormuz After Hitting Naval Mines, Claims IRGC
Tehran: Two oil tankers, including a supertanker, exploded after allegedly striking naval mines while attempting to navigate an unauthorised route through the Strait of Hormuz, Iran's Islamic Revolutionary Guard Corps (IRGC) Navy claimed. According…
Cavvy Energy Benefits Tremendously From Iran War - And Not Because Of Oil (TSX:CVVY:CA)
Cavvy Energy offers unique small-cap exposure to sulfur, with revenue and earnings surging due to global supply disruptions from the Iran war. Q2 net income quintupled to C$16.2M despite lower production, as sulfur - just 5% of volume - drove…
Oil slips more than 1% as talks continue on ending Iran war
By Thomson Reuters Nov 1, 2026 | 6:12 PM SINGAPORE, Nov 2 (Reuters) – Oil prices slipped more than 1% in early Asian trade on Monday after Iranian and Qatari officials held a third straight day…
As Trump eyes new attack, Iran vows to retaliate beyond the Mideast and target financial assets, while oil markets brace for generational damage
The clock is ticking toward a new round of fighting in the U.S.-Iran war, but this time the damage could be much more widespread, stretching to new regions and different types of targets. President Donald Trump has said he's contemplating…
OPEC+ keeps December oil output targets steady ahead of tougher call for 2027
OPEC+ oil-producing countries kept December production targets steady on Sunday, confirming expectations that more policy adjustments will not occur until next year, as the group continues to struggle with export disruptions from the Iran war.
OPEC+ Keeps December Oil Production Requirements at September 2026 Levels
Seven OPEC+ producers will keep their December 2026 required production levels at September 2026 levels, maintaining the group's near-term supply settings as members look toward 2027 production baselines. The Organization of the Petroleum Exporting…
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