Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
91 percent in Texas poll say Iran war raising oil and gas prices
More than 90 percent of Texas voters believe the Iran conflict is raising oil and gas prices, according to a new survey. In the CBS News/YouGov poll, 91 percent of respondents said the war against Iran is making oil and gas prices in the U.S.
Cuba opens oil sector further to private investment under new law
Oct. 19 (UPI) -- Cuba's new oil and gas law took effect Monday, allowing more private businesses and foreign investors to participate in the country's energy industry as the island struggles with fuel shortages and widespread power outages. The…
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…
Oil prices dip, but remain elevated on war uncertainty - TT
A driver refuels a vehicle with gasoline at a gas station in San Jose, Calif. (David Paul Morris/Bloomberg) Brent crude remains near its highest level since May. It's been yo-yoing between $97 and $110 this month on uncertainty about when the war…
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…
What Does This Record Correlation In Bonds And Oil Mean For Stocks?
What makes the move up in bonds, along with high crude prices, alarming is that last week's CPI and PPI reports both suggested inflation was hotter than expected. The weakness in SMH easily suggests that more weakness should be expected both in SMH…
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-rich Alberta votes on Canada breakup
Polls indicate less than a quarter of people in the western Canadian province support independence. But attention has focused on turnout in the days before the vote, and whether a motivated separatist camp could defy the polls, helped by…
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.
Marine life dramatically declined in Gulf of Mexico in years after BP oil spill, study finds
In a deep, dark part of the Gulf of Mexico, the number of marine animals plummeted by about 60% in the years following the 2010 Deepwater Horizon explosion, a new study found. In a crucial part of the Gulf between the light surface and the darkest…
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…
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