The Latest Breaking News from Oil

Yemen's Houthis close in on stranglehold over strategic Bab el-Mandeb Strait

The Houthis in Yemen are making significant strides towards seizing control of the Bab el-Mandeb Strait. Recent clashes between Saudi-backed troops and the Houthis have become increasingly violent, posing a serious risk to global energy supply chains and crucial maritime corridors. Houthi forces have launched attacks on various infrastructure and…

The Economic Times · Sep 10

Glencore’s former head of oil pleads not guilty to bribery charges

Billionaire Alex Beard and his former deputy appear in London court over alleged payments to west African officials

The Guardian - UK · Sep 10

Govt extends OALP-X, XI bid deadline again to Nov 15

India's government has extended bid deadlines for offshore oil and gas exploration blocks. Companies now have until November 15, 2026, to submit their bids. This extension applies to deepwater and ultra-deepwater acreage under OALP-X and OALP-XI. The move is reportedly linked to the new Samudra Manthan National Offshore Exploration Scheme.…

The Economic Times · Sep 10

Can IndiGo shares fly again amid soaring oil prices? Ambit remains bullish but lists 5 key risks

InterGlobe Aviation shares have fallen 8% in a month as oil prices topped $100, capping near-term upside. Ambit retains its Buy call, citing IndiGo’s market-share gains, strong aircraft order book and long-term growth prospects despite fuel, forex and competitive risks.

The Economic Times · Sep 10

Yemen risks a return to civil war as Iran-backed rebels target a crucial shipping route

Yemen faces a potential return to civil war as tensions escalate with an Iranian-backed rebel group

The Independent UK · Sep 10

Global Market: European shares edge higher ahead of ECB rate decision

European shares edged higher after their sharpest one-day decline in two months, as investors awaited an expected ECB rate hike and Christine Lagarde’s comments on inflation. Rising oil prices above $100 a barrel remained a key concern for markets.

The Economic Times · Sep 10

Trump makes millions while US troops paid the price of the Iran war: here’s how much his oil and gas holdings gained

President Donald Trump saw significant financial gains from his oil and gas investments during the Iran war, with his nine primary holdings appreciating by $1.5 million to $4.4 million. Meanwhile, these companies reported notable profit increases in the second quarter. The conflict, however, has been costly for the U.S., resulting…

The Economic Times · Sep 10

At least three killed in Russian strikes on Ukraine while Zelenskyy is in Canada for talks

Ukraine's Special Operations Forces said they had carried out their deepest strike inside Russia, with drones travelling 3,000 km to target two gas condensate plants, the Novy Urengoy and Purovsky plants, located in the Yamalo-Nenets Autonomous Okrug, one of Russia's key oil and gas regions.

Euronews · Sep 10

'We worry now': Oil tops $100, diesel hits record highs amid Iran war escalation

Benchmarks for crude oil and diesel hit warning thresholds as the war in the Middle East escalates.

Fortune · Sep 10

US Treasury yields hit highest level since 2023 as buyback disappoints

U.S. 10-year Treasury yields touched their highest level since November 2023 before easing after strong auction demand. Rising oil prices and shifting Federal Reserve rate-hike expectations added to concerns over inflation and the interest-rate outlook.

The Economic Times · Sep 10