Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Algiecel launches circular production at Novonesis site, builds microalgae oil to industrial scale
Danish microalgae ingredients firm Algiecel has opened a new production facility inside a Novonesis site in Denmark, to offer European customers a supply chain insulated from the pressures currently affecting wild-catch sourcing.
Bacon: Trump oil deal with Putin 'morally wrong'
Rep. Don Bacon (R-Neb.) slammed President Trump's diesel deal with Russia, a move that comes amid energy cost increases in the U.S. “70% of Americans support Ukraine. Propping up Putin's war economy is morally wrong as he uses that money to…
Futures Flat As Oil Rebounds After Trump's 'Energy Ceasefire' Unravels, Memory Stocks Slide
US futures are flat, with S&P contracts clinging to small gains and the Nasdaq slipping into the red as memory stocks slide, after a weekend of contradictory geopolitical headlines whipsawed oil (see below). As of 8:00am ET, S&P futures were 0.1%…
Oil falls after Trump declares 'energy ceasefire' between Russia and Ukraine
President Donald Trump said that Russia and Ukraine will not be targeting each other's energy facilities. Al Jazeera reported that Iran was ready to provide assistance to help with the start of dialogue between Saudi Arabia and Yemen's Houthis. Oil…
Gold Rises as Markets Weigh Oil Pullback
0032 GMT — Gold rises in early Asian trade, as markets weigh a pullback in oil prices. Softer energy prices could temper inflation concerns and ease pressure on yields, providing some support to gold, Infinox's Thadeu Dos Santos says in a…
Stocks up ahead of US earnings data but oil prices stays high
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The FTSE 100 made a strong start to the week on Monday…
Oil analyst 'skeptical' that Trump's diesel deal with Russia will lower prices
Oil analyst Patrick De Haan said Monday that President Trump's deal with Russia to supply the U.S. and global markets with diesel fuel may not lower fuel prices. “On the policy front, the Trump administration's proposed diesel deal raises…
Rural West communities struggle as price of heating oil rises
As the temperature drops, some of us will start putting the heating on but for the one-and-a-half million people across the UK that are not on the mains gas network - and who are relying instead on heating oil - that decision may give them pause.
Rural West communities struggle as price of heating oil rises
Marie Lennon, Political reporter, Wiltshire and Edward Rowe, Political reporter, Gloucestershire As the temperature drops, some of us will start putting the heating on but for the one-and-a-half million people across the UK that are not on the…
Commodities: Oil Lower Despite Middle East Escalation
Oil prices are trading weaker this morning despite developments in the Middle East over the weekend. Strong Persian Gulf oil flows and the potential for a Russia-Ukraine energy ceasefire appear to be offsetting some of the latest geopolitical…
Stocks up ahead of US earnings data but oil prices stays high
The FTSE 100 made a strong start to the week on Monday, as investors shrugged off rising oil prices and eyed key earnings and economic data later in the week. In London, the FTSE 100 index ended up 104.23 points, 1.0%, at 10,656.28. The FTSE 250…
Hormuz Oil Flows Drop Amid Volatility in Region
Oil flows through the Strait of Hormuz fell dramatically toward the end of last week, according to data from Kpler. Confirmed flows were 2 million barrels a day on Saturday, from 6.7 million on Friday and 22.8 million on Thursday. Over the seven…
Oil Rises on Mideast Attacks, Dollar Edges Higher: Markets Wrap
US equity-index futures advanced after crude oil declined, erasing an earlier gain triggered by Houthi attacks on Saudi Arabia. Futures for the S&P 500 Index climbed 0.2% and those for the Nasdaq 100 Index advanced 0.5%. Asian shares were mixed…
Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies
Oil prices slipped on Monday (October 12, 2026) on expectations of more Russian supplies after U.S. President Donald Trump said Ukraine and Russia had agreed to halt attacks on each other's energy facilities following a U.S.
Big Oil Goes Back to Iraq and Likes What It Sees
“Buy to the sound of cannons, sell to the sound of trumpets.” The ancient stock market maxim resonates in today's Middle East. While the US and Iran fight, Big Oil is heading into neighboring Iraq. Baron Nathan Rothschild, the…
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