Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Iran oil waiver offers lifeline to Tehran as talks proceed
The U.S. issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal. Vice President JD Vance, attending the discussions in…
Iran rushes to woo Asia's largest oil importers after U.S. waiver
Iran is racing to court some of Asia's largest oil buyers as a 60-day U.S. sanctions waiver takes effect, a temporary lifeline that should allow Tehran to resume exports and begin clearing a backlog of cargoes on the water, even as peace talks…
Onchain Perpetuals: Trade Oil, Gold And Stocks On Ostium
SEOUL, REPUBLIC OF KOREA: Gold bars are displayed at Shinhan Bank in Seoul on 09 January 2004. 'You can typically guess what the most traded assets are,' said Kaledora Kiernan-Linn, 'by looking at what's trending on Twitter.' Social feeds, more or…
Texas oil and gas industry report job gains in May
(The Center Square) – The Texas oil and natural gas industry again reported job gains in May although it was another month of job declines in the upstream sector, which includes extraction. The industry gained 4,100 jobs in May over the…
Bloomberg Daybreak Asia: Iran Oil Waiver
Bloomberg Daybreak Asia Podcast • Browse all episodes Business and finance news from the Asia-Pacific. The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two…
Mixed messages on Strait of Hormuz create uncertainty for oil
Mixed messages from the U.S. and Iran on the Strait of Hormuz are injecting further uncertainty into the future of the waterway and global oil supplies. Over the weekend, the Iranian military said that it would close the strait in response to…
Asian Stocks Set for Gains as Oil Holds Losses: Markets Wrap
Asian stocks were set for a positive open after oil retreated on optimism about progress in peace talks between the US and Iran, offsetting weakness in Wall Street where drops in several tech giants weighed on benchmarks. Equity futures pointed to…
Markets Close Mixed, US Offers Iran Oil Waiver, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
US suspends Iran oil sanctions, says nuclear inspectors to return
The United States temporarily suspended sanctions on Iranian oil on Monday after Vice President JD Vance said Iran would allow UN nuclear inspectors to return to the country, following talks in Switzerland. SCROLL TO CONTINUE WITH CONTENT Last…
Oil prices fall after US waives Iran sanctions and peace talks in Switzerland progress - business live
South Korean stocks tumbled nearly 10% because of a big sell-off of technology stocks. Foreign investors dumped major semiconductor and other shares to take profits, following a sell-off in US technology stocks. The South Korean won weakened…
Mexican leader seeks to restart oil shipments to Cuba as island's crises deepen
Mexican President Claudia Sheinbaum said on Monday that her country seeks to restart oil shipments to Cuba soon, a move that could provide much-needed relief as the island's crises deepen given a lack of petroleum. Sheinbaum said her administration…
U.S. authorizes Iranian oil sales for 60 days
U.S. crude prices fell 2.7% to about $74 per barrel after Treasury Secretary Scott Bessent announced a 60-day waiver of sanctions on the purchase of Iranian oil. NBC News' Brian Cheung reports on the oil market's reaction to the temporary sale of…
Strait Of Hormuz (Video): Adaptive Oil Market, But...
Oil prices have remained resilient near $100/barrel during the Strait of Hormuz crisis, defying projections of $150–200. Pre-crisis global inventory surpluses and strategic stock drawdowns provided critical market buffers, moderating price…
Global Funds Snap Indian Stock Selling Streak as Oil Shock Ebbs
Foreign investors turned buyers of Indian equities for the first time in two months as easing Middle East tensions and lower oil prices revive appetite for the market. Global funds purchased a net of almost $900 million of Indian shares last week…
WTI Crude Oil Price Showing Likelihood of 'Corrective' Rebound, Chart Shows
0032 GMT — WTI crude oil price is showing likelihood of a “corrective” rebound, based on its daily chart, FOREX.com's Fawad Razaqzada says in an email. “WTI has been trending lower for several weeks, leaving momentum…
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