Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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…
C Rangarajan calls for oil reserves, energy security and new India development strategy
The two pillars of the international trading system, international consensus on tariff rates and the free movement of goods along sea routes, had been knocked down, he said. India needed to address these immediate concerns, which could worsen if…
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…
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…
Trump's Iran war brings on record oil company profits
Get your news from a source that's not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. The US oil industry has earned almost $130 billion in profits since the US and Israel began bombing Iran in February. The same…
Big Oil Is Grappling With How to Spend Its Windfall Profits
Awash in cash after their third-highest quarterly earnings on record, the world's largest oil companies are uncharacteristically wary about how to spend it. ExxonMobil Holdings Corp. and Chevron Corp. are stockpiling the cash, BP Plc is paying down…
OPEC+ agrees in principle to keep oil output targets steady in December, sources say
Jonathan Raa | Nurphoto | Getty Images OPEC+ oil-producing countries have agreed in principle to keep their December oil output targets steady at a meeting on Sunday, three people with knowledge of the matter told…
Deb Haaland Was a Climate Hero of the Left. Now She Wants to Govern Oil-Rich New Mexico.
Get your news from a source that's not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. If anyone knows how to run a race, it's Deb Haaland. She descends from Pueblo runners who delivered secret messages to stage a…
OPEC+ set to keep oil output targets steady, sources say
By Ahmad Ghaddar and Olesya Astakhova LONDON/MOSCOW, Nov 1 (Reuters) – OPEC+ oil-producing countries were set to keep oil production targets steady for December at a meeting on Sunday as the group still struggles with export…
Oil And Natural Gas Corporation Limited Opens Apprentice Recruitment 2026 For 3,047 Posts
Selection is merit-based using qualifying exam marks. Summary is AI-generated, newsroom-reviewed ONGC invites applications for 3,047 Apprentice posts with a deadline of November 20, 2026 Candidates must meet specific educational qualifications…
Emkay Says Oil and U.S. Yields Matter More to India Than Midterms
Indian equities may be more sensitive to oil prices, the dollar and U.S. Treasury yields than to the immediate result of the Nov. 3 midterms, Emkay Global Financial Services says. LiveMint reported the brokerage's view, while ANI published a…
Putin 'would answer' if Zelensky calls as huge Russian oil refinery 'erupts in flames'
Vladimir Putin 'would answer' the phone if Volodymyr Zelensky called, a Kremlin aide has claimed Vladimir Putin would answer a phone call from Volodymyr Zelensky if the Ukrainian President tried to make contact, a Kremlin aide has claimed. It comes…
The Hidden $40-Per-Barrel Cost Driving Oil Prices Higher
When Americans think about the price of oil, they usually focus on the number quoted every day in financial markets. If Brent crude is trading above $100 a barrel or West Texas Intermediate is near $100, those numbers become shorthand for whether…
NABEP Rig Fleet Grows to 41 as Production Passes 223,000 Barrels of Oil Equivalent a Day
CARACAS, Venezuela, Oct. 31, 2026 /CNW/ -- In November, North American Blue Energy Partners' (NABEP) in-country fleet will reach 41 of the 60 rigs announced earlier this month. NABEP has nine drilling rigs, which bore new wells, in Venezuela. Three…
Iran Issues Nov 1st Blanket Ban On South Korean Tanker Giant Moving One-Third Of Persian Gulf Oil Exports
South Korean tanker giant Sinokor is the world's dominant VLCC owner (Very Large Crude Carrier) and has in recent weeks found itself front and center in the crosshairs of Iranian retaliation in the Strait of Hormuz and regional waters. This past…
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