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 Down With Oil Futures - Energy Roundup
Shares of energy companies fell alongside oil futures, which hit their lowest level since midApril amid anticipation of a peace deal between the U.S. and Iran. Oil fell 5.6% to $88.68 a barrel in New York. Brent crude futures, the globally tracked…
Oil Investments to Drop for Third Year on War Shock, IEA Says
Global investments in oil projects are due to fall for the third year in a row, as the supply shock from the Middle East conflict shifts priorities to new trade routes and other energy sources. Despite higher oil prices, spending on oil projects is…
The Lag Between an Iran Deal and Lower Oil Prices
This is an edition of The Atlantic Daily, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. Sign up for it here. For months, Donald Trump has been desperate for…
Consumer Cos Up as Oil Declines - Consumer Roundup
Consumer companies rallied as a plunge in oil prices eased inflation fears. Oil futures dropped more than 5% in New York, closing at their lowest level since midApril. The increase in gasoline prices to over $4.50 a gallon has weighed on…
China's Declining Appetite for Oil Laid Bare by Iran War
Chinese imports of crude oil are set to drop to levels not seen since the pandemic, as the war in Iran reveals the extent to which demand has disappeared and may not be coming back. Inbound shipments could fall to an average of 10.9 million barrels…
Oil Prices Fall Sharply As Traders Eye Progress In U.S.-Iran Talks
Storage tanks at an oil refinery in Yokohama, Kanagawa prefecture, Japan. (Photo: Yuichi Yamazaki) Oil prices fell on Wednesday as traders eyed signs of progress in the latest round of talks between the U.S. and Iran. At 8:57am EDT, the Brent…
Oil Gains on Possible Technical Correction
0026 GMT — Oil gains in early Asian trade on a possible technical correction after settling lower on Wednesday. Oil prices have remained high in recent weeks, amid fears of supply restrictions, says XS.com's Antonio Di Giacomo in an email.
Oil Prices Decline as Financial Markets Rise - TT
Fuel prices at a station in Denver. (David Zalubowski)/AP) Oil prices are still at the center of action on the financial markets. The boom in AI drove heavy buying of computer chipmakers and other technology companies after the latest rally on Wall…
Anti-Islam candidate declares victory in GOP primary for Texas oil agency
Wright faced off against French on Tuesday in a tight runoff election after neither of the candidates was able to secure more than 50% of the vote during the March primary. At the time, Wright secured 32.1% of the vote, while French received…
Fired BP chair disputes oil company's claims of poor conduct
The ousted chair of BP, Albert Manifold, has accused the oil company of firing him without warning and disputed reports about his conduct, amid the latest boardroom turmoil to rock the company. In an emailed statement, Manifold said he was…
FTSE 100 edges up and oil sinks amid peace optimism
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 nudged higher on Wednesday and the oil price…
The High-Seas Black Market That Keeps Iran's Illicit Oil Flowing
EASTERN OUTER PORT LIMITS—In this nautical no-man's-land 45 miles off the coast of Malaysia, tankers laden with sanctioned Iranian oil sit low in the water, waiting to offload their cargo to vessels bound for Chinese refineries. They lower…
Oil Retreats on Hopes for Hormuz Opening
This is an edition of the Markets P.M. newsletter, a recap of the day's most important markets moves, delivered after the closing bell. If you're not subscribed, sign up here. Oil prices fell on a new report of progress in negotiations. Iran's…
Gordon Gekkos are sullying oil markets. Regulators must step up
A series of suspicious oil trades this year, during the US-Israeli conflict with Iran, prompted the White House to go so far as to send a staff-wide email warning against insider trading. Remarkably prescient trades had become such a regular…
Why Oil Prices Are Falling Today
Oil futures closed at their lowest level in more than a month amid investor hopes that the latest U.S.-Iran talks will lead to a deal to end the conflict. “This has been a stronger or longer-lasting price response to a potential deal than we…
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