Oil Industry News
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Spike In Oil Prices Boosted Crescent Energy Company (CRGY) in Q1
American Century Investments, an investment management company, released its first-quarter 2026 investor letter for the “American Century Investments Small Cap Value Fund.” A copy is available to download here. Equity markets…
Wright predicts more oil will move through Hormuz
Energy Secretary Chris Wright predicted Tuesday that the amount oil moving through the Strait of Hormuz will “continue to rise” as the U.S. and Iran work to end the 100-plus day conflict. © AP Photo/Mark Schiefelbein, File During…
Tech leads Asia losses, oil rises as rollercoaster week rumbles on
Stocks fell Wednesday to extend a rollercoaster week for markets, with tech firms once again bearing the brunt of the selling as investors fret over elevated prices and possible US interest rate hikes. Worries over the Middle East crisis were also…
Oil Fluctuates, Asian Stocks Fall Amid U.S.-Iran Tensions - Update
The U.S. military conducted strikes against Iran on Tuesday in retaliation for the downing of a U.S. Apache helicopter near the Strait of Hormuz, according to U.S. Central Command. President Trump directed the strikes, which the military…
Higher oil prices are making Russia richer - but not helping its economy grow, Goldman says
Sanctions-hit Russia is raking in more money from high oil prices, but that doesn't mean its economy is about to take off, according to Goldman Sachs. International benchmark Brent crude futures were trading around $92 a barrel late Tuesday…
Oil Rises on Escalating Supply Disruption Concerns
2335 GMT — Oil rises on escalating supply disruption concerns caused by the exchange of attacks between the U.S. and Iran. The U.S. launched strikes on Iran Tuesday in retaliation for the downing of a U.S. Apache helicopter near the Strait…
A Rush to Stockpile Oil Will Keep Prices Higher for Longer
“Preppers” hoard essentials like water, food and fuel. Hit by the second global energy crisis in four years, governments are developing their own bunker mentality. If they follow through on plans to stockpile more oil, energy prices…
China's consumer prices see May uptick as oil shock inflates factory-gate costs
China's consumer inflation edged up in May from a year earlier, as the global oil shock linked to the US-Israel war on Iran helped alleviate some of the price effects from persistent weaknesses in household spending. The consumer price index (CPI)…
Wright says amount of oil through the Strait of Hormuz will 'continue to rise'
Energy Secretary Chris Wright predicted Tuesday that the amount oil moving through the Strait of Hormuz will “continue to rise” as the U.S. and Iran work to end the 100-plus day conflict. During an Atlantic Council event, Wright said…
Tories did 'level best' to ruin oil and gas sector, says SNP candidate
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The Conservatives did their “level…
China Taps Commercial Oil Stockpiles to Help Weather Gulf Shock
China has started tapping its commercial crude reserves to help offset the supply shock from the Iran war, although the world's biggest oil importer is continuing to prioritize lower refinery use and fuel export limits to manage the fallout.
Indian Stock Market Rises: Sensex, Nifty Up on Blue-Chip Gains & Cooling Crude Oil
Indian benchmark indices Sensex and Nifty saw early gains, propelled by robust buying in blue-chip stocks such as Reliance Industries and ICICI Bank, further bolstered by a significant drop in crude oil prices. Benchmark indices Sensex and Nifty…
Arctic Oil Drilling and the Art of the Troll
The Department of the Interior adopted a style best described as delusional triumphalism when it announced the results of its latest auction of drilling rights in the Arctic National Wildlife Refuge. The auction of oil leases on environmentally…
What History Reveals About Today's Crude Oil Volatility
Crude oil volatility has entered uncharted territory, surpassing the record that has stood since the 2022 invasion of Ukraine. Realized volatility – measured by the standard deviation of daily price changes – averaged $6.19 per barrel…
Watch Oil Falls as Israel-Iran Attacks Halt
Oil Falls as Israel-Iran Attacks Halt Oil declined after Israel and Iran agreed to stop attacking each other following a flare-up in violence, while new data shed light on the extent of a drop in Chinese imports. Amrita Sen, Founder and Director at…
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