Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Up With Oil Futures -- Energy Roundup
Shares of energy companies rose alongside oil futures as doubts about the sustainability of the U.S.-Iran cease-fire multiplied. The Gulf kingdom of Kuwait came under a barrage of ballistic missiles and drones on Wednesday that shut its…
Daily on Energy: Oil up on hostilities, country-sized data center energy consumption, and Three Mile Island
Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for…
Logan Energy: Increasing The Oil Percentage Of Production At The Right Time
Logan Energy increased oil-weighted production through the Simonette acquisition. LOECF's latest guidance remains conservative. Management maintains a conservative debt ratio of 1.2. Higher commodity prices could accelerate capital project…
Oil Futures Fall on Possible Technical Correction
2335 GMT — Oil futures fall in early Asian trade on a possible technical correction after crude futures rose for the third straight session overnight. “Looking ahead, oil markets are likely to remain highly sensitive to geopolitical…
Global oil stockpiles could fall to 'critical levels' by summer, IEA warns
Global oil inventories risk declining to “critical levels” before the peak summer season – and the energy crisis could drag on for months even if a deal is agreed to end the US-Israel war on Iran, according to the International…
Utilities Down, but Not by Much, on Oil Hedging -- Utilities Roundup
Shares of power producers fell, but not by as much as the broad market, as traders sought out defensive sectors with less to lose from a spike in energy prices. New York's attorney general is leading a lawsuit against the Trump administration to…
Oil price climbs as Middle East tensions flare
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The FTSE 100 closed lower on Wednesday amid renewed…
Materials Up as Traders Hedge on Oil-Spike Implications -- Materials Roundup
Producers of metals, grains and other raw materials ticked up as traders hedged their bets on the implications of the energy shock. Gold futures, which are sensitive to interest rates and foreign-exchange movements, slipped as the U.S. dollar rose.
Oil's Hormuz Alternatives Offer Only a Partial Fix
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, reporter Anthony Di Paola looks at the efforts by major Middle Eastern energy producers to get their oil to market and equip exporters…
Oil-Dri Boosts Dividend 9.8%, Gets Increased Buyback Authorization
Oil-Dri Corporation of America boosted its dividend by 9.8% and said its board authorized the repurchase of 500,000 shares of common stock. The dividend on common stock was boosted to 22.5 cents a share from 20.5 cents. The new payout, equal to 90…
Nymex Overview: Oil, Product Futures Rise as Renewed Fighting Threatens Mideast Peace Progress -- OPIS
London-based August ICE Brent was up $1.95 to $97.95/bbl and September Brent was $1.85 higher to $95.30/bbl. Both oil benchmarks are on track to finish sharply higher for a third straight session, boosted by resurgent geopolitical tensions between…
Futures Drop, Yields And Oil Rise On Latest Middle East Hostilities
US equity futures are mixed as oil prices, bond yields, and USD move higher in response to the latest overnight attacks in the Middle East with no public progress on a deal. As reported previously, the US struck Iran's Qeshm Island, which was then…
Swiss Funds With $270 Billion Plan to Blacklist Big Oil's Bonds
Swiss institutional investors managing more than $270 billion in combined assets plan to stop buying debt issued by some of the world's biggest oil and gas producers. The decision, shared with Bloomberg by representatives of the investment firms…
Oil price climbs as Middle East tensions flare
The FTSE 100 closed lower on Wednesday amid renewed strength in oil prices as hopes for peace in the Middle East faded once more amid renewed fighting between the US and Iran. The FTSE 100 closed down 41.21 points, or 0.4%, at 10,332.30. The FTSE…
What's Keeping Oil Below $100 a Barrel?
Brent crude futures are ticking up after the U.S. and Iran exchanged heavy fire overnight, but continue to hold below $100 a barrel even though a deal between the two countries that was supposed to be imminent is proving elusive. So why is oil not…
Receive a Daily briefing on Oil Industry News
Get Started