Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
China's top coal region to expand coal-to-oil output in energy security push
China's top coal-producing region plans to build the country's largest base for turning coal into oil, gas and chemicals to help reduce reliance on imports, highlighting how the Iran war has sharpened China's focus on energy security. SCROLL TO…
Watch SVB Energy's Vakhshouri on the Outlook for Oil Prices
SVB Energy's Vakhshouri on the Outlook for Oil Prices Sara Vakhshouri, founder of SVB Energy International, says the oil market has adapted to the Strait of Hormuz disruption and prices could fall to pre-war levels if the waterway 'truly' reopens.
Jim Cramer Returns To Diamondback Energy (FANG) As Oil Prices Touch $96
Jim Cramer Didn't Hold Back On SpaceX's IPO & Discussed These 12 Stocks. Diamondback Energy, Inc. (NASDAQ:FANG) is one of the stocks discussed by Jim Cramer. Diamondback Energy, Inc. (NASDAQ:FANG) is another oil and gas exploration and production…
Oil prices slide after US and Iran sign peace deal
Peter Hoskins Business reporter Oil prices fell in early trade in Asia on Monday after Pakistan, which has been mediating an end to the US-Iran war, announced a deal that President Donald Trump said would see the reopening of the key Strait of…
US Futures Climb, Oil Falls on Iran Peace Deal: Markets Wrap
US equity futures climbed, oil slumped and the dollar fell after President Donald Trump and Pakistani mediators said the US and Iran had reached a peace agreement that would reopen the Strait of Hormuz. S&P 500 futures rose 0.8% in early Asian…
Oil prices tumble amid hopes strait of Hormuz will soon reopen
Global oil prices have tumbled amid fresh hopes that a US-Iran peace deal may end the greatest energy supply crisis in the history of the market. The price of Brent crude dropped below $84 a barrel as the new trading week began in financial centres…
Oil Executives Are Sounding the Alarm Over Dwindling Stockpiles
President Trump's deal with Iran is set to reopen the Strait of Hormuz, but how quickly it can arrest a steep decline in oil stockpiles will determine the trajectory of energy prices in the coming weeks. For more than 15 weeks, the U.S. and other…
Streeting backs new oil drilling licenses for North Sea to slash energy bills
WES Streeting has backed new oil drilling licenses for the North Sea as he accused opponents of opening the door to a Reform UK government. The Labour leadership hopeful said that production should be allowed to begin at both the Jackdaw and…
Inflation to stay on target, but oil market recovery will take time - minister
Malaysia's inflation rate is projected to remain between 1.5 and 2.5 percent this year despite ongoing geopolitical tensions, even as Putrajaya warns that a United States-Iran peace deal would not bring immediate relief from oil-related price…
Hormuz reopening to ease oil supply risks for India
A reopening or normalization of shipping through the Strait of Hormuz would provide significant relief for India, one of the world's largest crude importers, by easing concerns over oil supplies, lowering freight costs and reducing pressure on…
US and Iran Agree to Halt War, Oil Falls, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Oil's Proved Reserves Are Becoming An AI Estimate. The Audit Rules Predate It.
Oil companies are shifting reserve estimates from human engineering to machine-learning models. Permian Resources' latest quarterly report, filed this spring, names “artificial intelligence and its application in our industry” as a…
Oil slips 4pc as US, Iran reach peace deal to reopen Strait of Hormuz
Oil prices slipped to their lowest since March on Monday after U.S. President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. SCROLL TO…
Oil prices tumble and Asian shares surge as US and Iran near deal to end war
Asian markets surged on Monday while oil prices tumbled following a tentative peace agreement between the US and Iran. The deal is expected to alleviate global inflationary pressures and potentially reduce the need for further interest rate hikes…
Hong Kong stocks rally after US says it reaches deal with Iran over oil flow
Hong Kong stocks kicked off the week's trading on a strong note on Monday after the US said that it sealed a deal with Iran to reopen the Strait of Hormuz and lift the blockade by the US Navy, sparking a “risk-on” mode across asset…
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