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OIL MAJOR INDUSTRY RESPONSE
Global Market: China stocks fall as global yields, geopolitical tensions weigh on sentimentChinese stocks declined as government support measures failed to restore investor confidence amid rising global bond yields, Middle East te...- Oil Price Today (October 12): Crude oil dips to $103 despite simmering Iran war tensions. Here’s whyBrent crude futures declined $1.42, or 1.36%, to $103.35 a barrel, while US West Texas Intermediate crude fell $1.42, or 1.60%, to $90.42 a...
- Oil falls on hopes Russia-Ukraine energy ceasefire will boost suppliesOn Monday, oil prices dipped as the prospect of increased Russian supplies emerged following a ceasefire announcement linked to a new diese...
- British oil major BP withdraws from Riyadh energy conference after airport attackBP announced its withdrawal from the World Petroleum Council Energy Congress due to safety concerns in Riyadh. Missile attacks at the inter...
- Iran says US response to its proposal to reopen Hormuz was 'insufficient'In a recent statement, Mohsen Rezaei, Iran's security chief, asserted that the US has fallen short in addressing Tehran's seven proposed co...
- OpenAI and Anthropic fear a major AI crisis in the next 6 to 12 months. Here’s what they’re preparing forOpenAI and Anthropic are preparing for a potential AI crisis, with industry insiders warning that a major incident could occur within six t...
- Hurricane Isaias makes landfall, hammering US Gulf Coast with powerful winds and dangerous floodingHurricane Isaias made landfall near Destin, Florida, leading to power outages and flooding in Alabama. More than 594,000 customers lost ele...
- Brent commands a war premium as Middle East supply risks keep oil on edgeBrent crude is trading above $100 a barrel as geopolitical tensions and supply risks in the Middle East sustain its premium over WTI. For I...
- US stocks: S&P 500, Nasdaq end lower as crude prices jump, chip stocks weighUS stock indices slid on Thursday as crude oil prices surged, prompted by intensifying Middle East tensions. Major benchmarks, including th...
- Asia races to stockpile oil, speed up renewables in response to Iran warAmid the uncertainties triggered by the Iran war, Asian countries are stepping up their oil storage frameworks. The Philippines is on a mis...
- Houthis claim new attack against airport in Saudi capital as witness reports evacuationSeveral explosions were heard in Saudi Arabia's capital Riyadh on Thursday, including a large blast at King Khalid International Airport, a...
- US puts military in ready mode for possible new strikes on Iran: ReportTrump has instructed the Pentagon to prepare for possible military strikes against Iran, but no final decision has been made. The US milita...
- A global job spinner for Indians is now turning into a death trapIndia has emerged as the world’s second-largest supplier of seafarers, but its growing presence aboard global merchant ships has also left ...
- Ambani's Reliance drives India’s Venezuela oil imports to seven-year highIndia is expecting to significantly increase its imports of Venezuelan oil this month due to appealing discounts. Venezuelan crude deliveri...
- Global Market: Hong Kong stocks fall as oil rises, tech and biotech shares dragHong Kong stocks fell as rising oil prices, weak economic data and selling in major technology and biotechnology shares weighed on sentimen...
- From just-in-time to just-in-case: oil executives say world needs more export routesThe ongoing disruptions from the Iran conflict are reshaping energy supply chain strategies. TotalEnergies and BP are actively seeking alte...
- Global Market: OPEC+ keeps November oil output steady as Brent tops $100Seven major OPEC+ producers agreed to keep November crude output unchanged as the Iran conflict disrupted supplies and pushed Brent above $...
- Industry body urges cooking oil firms to pass on import duty cut to consumers as festive season nearsIndian Vegetable Oil Producers’ Association calls on companies to reduce retail prices following recent government duty cuts. The duty redu...
- Iran oil minister resigns, replaced by top executive amid US blockade on Tehran's exportsIranian Oil Minister Mohsen Paknejad has resigned, with National Iranian Oil Company chief Hamid Bovard appointed as acting minister. The r...
- Yemen's government declares a major operation against the HouthisYemen's government has launched a military operation against the Iran-backed Houthi rebels near Taiz city. An Israeli airstrike in Gaza kil...
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