The Latest Breaking News from Oil

Bulletin PM briefing: Assisted dying bill fails and Trump marks 9/11 anniversary

MPs vote against legalising assisted dying – what we know. Trump calls for unity and support for Iran war during 9/11 remarks. Surprise growth in UK economy during July – here’s why. Putin being repeatedly misled over frontline battle in Ukraine, reports claim. Smoke seen near crucial Saudi oil pipeline…

The Independent UK · Sep 11

RBI should hike rate by 25 bps in October to counter external shocks: Report

An SBI research report recommends the Reserve Bank of India raise interest rates. The central bank should implement a 25 basis point hike next month, it says. This action aims to counter external shocks and rising crude oil prices. Inflationary pressures are also showing signs of becoming more widespread. The…

The Economic Times · Sep 11

Crude Prices Fall Back After IEA Forecasts Sharp Drop in Oil Demand

October WTI crude oil (CLV26 ) is down -2.97 (-2.90%), and October RBOB gasoline (RBV26 ) is down -0.0499 (-1.47%). Oct WTI oil prices today have fallen back after Thursday’s +6.7% rally to a 3.5 month high. Oil prices fell back after the International Energy Agency (IEA) today warned that...

Barchart · Sep 11

Dollar Eases as Crude Oil Prices Fall

The dollar index (DXY00 ) today is down -0.10%. The dollar is trading lower as today’s decline of more than -2% in WTI crude oil prices caused the 10-year T-note yield to fall -3.5 bp. Still, the dollar is seeing underlying support after today’s US CPI report pushed the market's...

Barchart · Sep 11

New problem shaping up for the oil market as Hormuz remains shut

Houthi forces have seized Perim Island, threatening the vital Bab el-Mandeb Strait shipping lane. This development occurs as the Strait of Hormuz faces severe disruptions, impacting global oil flows. Saudi Arabia increasingly relies on the Red Sea route, which is now at risk from these advances. Higher oil and diesel…

The Economic Times · Sep 11

The Houthis Are Making Gains, Threatening Saudi Arabia's Oil Exports. Satellite Images Raise Further Concerns.

The images show smoke in the vicinity of Saudi Arabia's East-West pipeline, through which the country has been rerouting exports.

International Business Times · Sep 11

Stocks Shake Off CPI Report and Rally on Lower Oil Prices

The S&P 500 Index ($SPX ) (SPY ) is up +0.87%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.97%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.77%. E-mini S&P futures (ESU26 ) are up +1.01%, and September E-mini Nasdaq futures (NQU26 )...

Barchart · Sep 11

More than 500,000 Russian troops killed in Ukraine, UK defense chief says

British officials report over half a million Russian troops killed and significant military equipment losses. Russian drones targeted civilian sites in Kyiv and central Ukraine, causing casualties. Ukrainian strikes deep into Russia aim to disrupt the nation's vital oil sector. These attacks have led to record low Russian oil product…

The Economic Times · Sep 11

PM Modi, Iran's Pezeshkian hold first New Delhi talks since West Asia war; vow to expand bilateral ties

Prime Minister Narendra Modi held talks with Iranian President Masoud Pezeshkian in New Delhi on Friday, reviewing the escalating West Asia conflict and India-Iran ties. The meeting, their second in less than two weeks, came amid fresh US measures against Iran, disruptions to oil supplies and concerns over navigation and…

The Economic Times · Sep 11

Oil Prices Keep Climbing As a Result Of Global Conflicts. The IEA Expects Demand To Drop More.

The International Energy Agency expects global oil demand to decline by 2.5 million barrels per day this year.

International Business Times · Sep 11