Oil Industry News
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Energy Down With Oil Futures - Energy Roundup
Shares of energy companies fell alongside oil futures amid indications that an extension of the U.S.-Iran cease-fire is close. The U.S., Iran and chief mediator Pakistan all agreed Friday that a peace deal to end the war was nearly complete, though…
How the oil industry and growing political divides turned climate change into a partisan issue
(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) (THE CONVERSATION) After four years of U.S. progress on efforts to deal with climate change under Joe Biden, Donald Trump's return to…
An Oil Export Ban Would Reverse America's Energy Dominance
The Clearocean Mesquite oil products tanker docked at the Port of Long Beach in April. Los Angeles Times via Getty Images Every time gasoline prices rise, Washington rediscovers bad ideas. Few are as self-defeating as the proposal to ban U.S. crude…
Analysis: Iran's stranglehold on Strait of Hormuz loosens as Gulf Arab oil reaches market
DUBAI, United Arab Emirates (AP) — Iran 's stranglehold on the Strait of Hormuz may be easing — and its own oil problems now seem to be mounting. The crucial strait at the mouth of the Persian Gulf, through which a fifth of the…
Venezuela demands answers from Trinidad over new oil spill
June 12 (UPI) -- Venezuela's interim government on Friday decried a new spill allegedly originating in Trinidad and Tobago, saying the movement of crude oil exceeds in size and volume a similar incident reported in early May. In a statement…
Communications Services Up as Oil Falls - Communications Services Roundup
Communications-services companies rose as falling oil prices buoyed sectors dependent on discretionary spending. U.S. carriers AT&T, Verizon and T-Mobile US rose sharply. Online betting firm Flutter Entertainment plans to delist from the London…
Analysis: Iran's stranglehold on Strait of Hormuz loosens as Gulf Arab oil reaches market
Iran 's stranglehold on the Strait of Hormuz may be easing — and its own oil problems now seem to be mounting. The crucial strait at the mouth of the Persian Gulf, through which a fifth of the world's oil and natural gas supplies once…
China learns to live on less fuel, to the relief of oil markets
Three months into the Iran war, the oil market is coming to grips with an unexpected new reality: China, the world's largest importer, needs much less fuel than previously thought. SCROLL TO CONTINUE WITH CONTENT Gasoline sales at Sinopec…
Oil prices plummet as Trump claims he is close to US-Iran deal
Global oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to reaching a peace deal with Tehran. The price of Brent crude began to tumble from about $93 a barrel in overnight…
CFTC Considers Blocking CME's 24/7 Oil Contract Bid
The US Commodity Futures Trading Commission is considering whether to block CME Group Inc. 's bid to launch a round-the-clock oil contract, heightening tensions between the market stalwart and its regulator. CME Group Inc. announced on Thursday…
Putin's war chest hit by Ukraine's attacks on oil and gas facilities
Ukrainian troops have dealt another major blow to President Vladimir Putin, attacking the Kremlin's energy sites with hundreds of drones overnight and into Friday morning. The large-scale attack is the latest in a months-long campaign of deep…
Brent Oil Drops Below $90 as the U.S. Closes in on a Peace Deal With Iran. What it Means for Oil Stocks.
The price of Brent oil, the global benchmark, slumped nearly 4% on Friday, closing at $86.88 per barrel. At one point, Brent touched its lowest point since early March. It fell 7.7% for the week, which is the third weekly decline in the past four…
America's Biggest Energy Hub Is About to Run Out of Oil
Massive crude oil tanks in Cushing, Oklahoma—the main hub of America's energy market—are reportedly growing dangerously depleted as President Donald Trump's war in Iran stretches into its 105th day. The oil tanks in Cushing held an…
Oil Island Hustle - Kotaku
An Empty Island, Full of Oil, and your ON IT! Build your Oil Empire and Dominate the World Market! Create oil factories, produce oil barrels and sell them to different countries and earn Lots of Money! Hire workers to automate and remember to pay…
Sensex, Nifty Surge on US-Iran Peace Deal Hopes, Global Market Rally, Crude Oil Drop
Indian benchmark indices Sensex and Nifty experienced a significant surge, propelled by a global market rally and a sharp decline in crude oil prices, following US President Donald Trump's declaration of an end to the war with Iran and hopes for a…
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