Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

forbes.com - Dara-Abasi Ita - The Oil Market's Most Trusted Number Is Going Private
The Oil Market's Most Trusted Number Is Going Private
Forbes

A free government oil-stocks report moves prices every Wednesday. As the agency behind it thins out, private satellite data is quietly taking its place. The U.S. government publishes a count of the country's oil stocks every Wednesday, and the…

nypost.com - CA Post Editorial Board - Sable keeps up the fight for energy -and lower oil prices
Sable keeps up the fight for energy -and lower oil prices
New York Post

All Sable Offshore wants to do is produce reliable domestic oil in California. And to lower prices for California drivers. And to create jobs for California workers. And that's why Democrats and bureaucrats (but we repeat ourselves) are trying to…

bbc.co.uk - UK armed forces intercept Russian shadow fleet oil tanker in Channel
UK armed forces intercept Russian shadow fleet oil tanker in Channel
BBC

British armed forces have intercepted a Russian shadow fleet oil tanker in the English Channel the early hours of Sunday morning, Sir Keir Starmer has said. In an operation lasting six hours, Royal Marine Commandos and specially trained law…

nbcnews.com - U.K. forces intercept a Russian shadow fleet oil tanker in English Channel
U.K. forces intercept a Russian shadow fleet oil tanker in English Channel
NBC News

LONDON — British forces intercepted a Russian shadow fleet oil tanker on Sunday morning, its Ministry of Defence said, in the latest effort to disrupt Moscow's sanctions-evasion network. Russia's “shadow fleet” of more than 700…

rediff.com - Nandita Malik - Inflation Data, US Fed Rate Decision, Crude Oil Prices to Influence Indian Stock Markets
Inflation Data, US Fed Rate Decision, Crude Oil Prices to Influence Indian Stock Markets
Rediff.com

Indian stock markets are poised for movement influenced by crucial factors including domestic inflation data, the US Federal Reserve's interest rate decision, and global crude oil price trends, according to market analysts. Indian stock markets…

rediff.com - Rediff News - India remains 2nd largest buyer of Russian oil in May
India remains 2nd largest buyer of Russian oil in May
Rediff.com

India remained the world's second-largest buyer of Russian fossil fuels in May, importing an estimated 5.8 billion euros (USD 6.7 billion) worth of Russian hydrocarbons as refiners stepped up crude purchases from Moscow, European think tank Centre…

yahoo.com - By Parisa Hafezi - Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release
Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release
Yahoo!

DUBAI, June 14 (Reuters) - A senior Iranian official told Reuters a final draft of the memorandum of understanding with the U.S. ‌covered a range of issues, from Tehran's nuclear work to reopening ‌the Strait of Hormuz and U.S.

koreatimes.co.kr - Lee Min-hyung - Airlines on high alert over strengthening dollar, prolonged oil price hike
Airlines on high alert over strengthening dollar, prolonged oil price hike
The Korea Times

Korea's aviation industry is facing severe headwinds, as a combination of high oil prices and a weakening Korean won is feared to slow down major airlines' earnings recovery. According to estimates by market tracker, FnGuide, the nation's five…

yahoo.com - Abdul Rahman - Petróleo Brasileiro S.A. - Petrobras (PBR) Inks Deal with SBM Offshore for Oil and Gas Production Vessels
Petróleo Brasileiro S.A. - Petrobras (PBR) Inks Deal with SBM Offshore for Oil and Gas Production Vessels
Yahoo!

Petróleo Brasileiro S.A. – Petrobras (NYSE: PBR) is one of the best hot stocks to buy for June. On May 28, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) entered into an agreement with SBM Offshore for two floating oil…

yahoo.com - Ramish Cheema - Jim Cramer Returns To ConocoPhillips (COP) As Oil Prices Touch $96
Jim Cramer Returns To ConocoPhillips (COP) As Oil Prices Touch $96
Yahoo!

Jim Cramer Didn't Hold Back On SpaceX's IPO & Discussed These 12 Stocks. ConocoPhillips (NYSE:COP) is one of the stocks discussed by Jim Cramer. ConocoPhillips (NYSE:COP) is an oil and gas exploration and production company. The shares are up by…

timesleader.com - US stocks rise after oil prices ease and SpaceX soars in its debut on Wall Street
US stocks rise after oil prices ease and SpaceX soars in its debut on Wall Street
Times Leader

NEW YORK — U.S. stocks rose Friday after oil prices fell again, and SpaceX soared in its highly anticipated debut on Wall Street. The S&P 500 added 0.5% to close out its 10th winning week in the last 11. The Dow Jones Industrial Average…

jpost.com - NERIA BARR - Artist collective Broken Fingaz shifts from graffiti to oil painting in Tel Aviv
Artist collective Broken Fingaz shifts from graffiti to oil painting in Tel Aviv
The Jerusalem Post

The smell of fresh oil paint still hangs in the air at “No Way Around It,” the first comprehensive solo exhibition by Broken Fingaz in Tel Aviv. Presented at the Nassima Art Foundation, the works were created specifically for the…

thesun.co.uk - Sam Creed - Royal Marines storm Russian 'shadow fleet' oil tanker in 6-hour Channel raid
Royal Marines storm Russian 'shadow fleet' oil tanker in 6-hour Channel raid
The Sun

ROYAL Marines have stormed a Russian “shadow fleet” oil tanker – as Sir Keir Starmer warns Putin's allies they “cannot hide”. British forces boarded the covert vessel in a “first of its kind”…

nola.com - Alex Lubben - Louisiana just made it illegal to sue oil companies over climate change. So have other states.
Louisiana just made it illegal to sue oil companies over climate change. So have other states.
NOLA.com

Louisiana has joined a handful of Republican states that have recently passed legislation aimed at banning lawsuits against oil and gas companies over the harms of climate change. The Louisiana Energy Protection Act, written by state Rep. Brett…

channelnewsasia.com - Carolyn Kissane - Commentary: Peak oil demand has arrived
Commentary: Peak oil demand has arrived
CNA

NEW YORK: The US-Israeli and Iran war may be remembered for many things, not least the closure of the Strait of Hormuz, the reshaping of Middle Eastern geopolitics and the damage done to the global economy. But another consequence is less obvious:…

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