Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The battle for green gold: 'Foreign olive oil passed off as Italian, while ours sits bottled up in tanks'
The language farmers use when protesting can sound melodramatic. “Harvest season is about to begin, and we can no longer afford to harvest tears,” one farmer proclaimed from the stage in Piazza Prefettura in Bari, where the first…
Putin critic found the method in Trump's madness. Then he blamed it on oil
He is right. And he got there from the other side of the argument, which is worth something. He cites Azerbaijan's President Ilham Aliyev, who told his ruling party's congress on Oct. 2 that the United States and China “are the world's two…
Rubio's India Visit: The Russian Oil Factor
US Secretary of State Marco Rubio's visit to India this week underscores the complex dynamics of global energy policy, as Washington re-evaluates sanctions on Russian oil buyers amidst India's continued reliance on Russian crude. US Secretary of…
EU Retreats From Arctic Oil Ban Language in Strategy Draft
The European Union looks to be relaxing its opposition to oil and gas production in polar areas, while still calling for all fossil fuels to be kept in the ground in its forthcoming Arctic strategy. A draft of the strategy, seen by Bloomberg…
Oil prices are falling sharply
The price of crude oil has fallen sharply again after Friday's high. However, Brent crude is still trading well above the $100-per-barrel mark. (File photo) Oil prices fell sharply at the start of the week after reaching a five-month high on…
The Iran War has sent gas and oil prices higher. That could spell economic disaster in the midterms.
It's expensive out there: Gas prices have been stuck at over $4 a gallon for more days this year than any other. The war in Iran shows no signs of cooling off. Inflation is swallowing any raises you might have gotten at work. It's a recipe for a…
Oil Futures Fall on Possible Correction, But Drop May Be Limited by Geopolitical Tensions
2348 GMT — Oil futures fall in early Asian trade on a possible technical correction after futures posted strong gains last Friday. However, futures' decline may be limited by geopolitical tensions that could lead to supply disruptions.
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…
Stock futures rebound as oil nears $110, AI earnings loom
U.S. stock futures (SPX) advanced as investors prepared for a busy week of corporate earnings and Chinese economic reports, while oil prices remained near $110 a barrel amid escalating geopolitical tensions. S&P 500 futures (SPX) rose 0.3% and…
Ukraine war live: Kyiv launches massive 1,000-drone attack and sets oil sites ablaze
Ukraine launched more than 1,000 drones against Russia and set an oil terminal ablaze in St Petersburg after the US resumed intelligence sharing with Kyiv. The attacks, which sparked fires at the Petersburg Oil Terminal and the city's Ruchi oil…
Asian shares are mixed with tech stocks volatile, and oil falls on Trump's Russian sanctions waiver
Asian shares were mixed Monday as volatility in technology stocks persisted, while U.S. equity futures edged higher ahead of another week of American corporate earnings results. Oil prices fell more than 1% after U.S. President Donald Trump's…
Wall St futures climb as AI stocks rebound; oil, yields fall
Oct 19 (Reuters) – US stock index futures gained on Monday as AI-related shares rebounded from last week's sharp selloff, with easing oil prices and Treasury yields adding to investor optimism. The benchmark S&P 500 and the Nasdaq…
Ukraine launches over 1,000 drones at Russia, setting oil facilities ablaze
At least one person has been killed, and five others injured after Ukraine launched more than 1,000 drones at Russia, one of Kyiv's largest aerial strikes in the war. St Petersburg Governor Alexander Beglov said firefighters were battling fires…
Oil Prices Fall as Traders Weigh Russia Sanctions Waiver, Middle East Risks
Oil prices fell Monday, pulling back after Friday's gains as traders weighed a U.S. decision to waive newly imposed sanctions on Russia against persistent Middle East supply risks. December Brent crude futures fell 1.8% to $107.86 a barrel, while…
Chinese EVs racing into Gulf's oil-rich car market
The Gulf Cooperation Council, a bloc of oil-rich states long known for its appetite for imported cars, is becoming a growing market for Chinese electric vehicles (EVs) that are largely being blocked out of the West. Saudi Arabia, the United Arab…
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