Oil Industry News

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

marketwatch.com - Energy Shares Rise as Mideast Tensions Boost Oil -- Energy Roundup
Energy Shares Rise as Mideast Tensions Boost Oil -- Energy Roundup
MarketWatch

Shares of companies in the energy sector rose as oil prices rallied and the dispute over the Strait of Hormuz went into the weekend without a clear path for peace. The U.S. struck multiple bridges in and around Bandar Abbas, Iran on Thursday in an…

noozhawk.com - Dan Walters, CalMatters Columnist - Dan Walters: How Gavin Newsom's Complex History with Oil Industry Could Affect a Presidential Run
Dan Walters: How Gavin Newsom's Complex History with Oil Industry Could Affect a Presidential Run
Noozhawk

[ Noozhawk ' s note: We republish news articles and commentaries from CalMatters on state and local policy issues that affect Santa Barbara County readers.] Gov. Gavin Newsom and his family have had a long and complicated relationship with the oil…

bbc.co.uk - Jack Fenwick - Burnham to announce plans for new North Sea oil and gas drilling
Burnham to announce plans for new North Sea oil and gas drilling
BBC

Jack Fenwick, Political correspondent and Alicia Curry Andy Burnham will announce plans for new oil and gas drilling in the North Sea when he becomes prime minister on Monday, the BBC has been told. The Labour Party's 2024 manifesto - which the new…

standard.co.uk - Christopher McKeon - Andy Burnham urged to stick to Labour manifesto on North Sea oil
Andy Burnham urged to stick to Labour manifesto on North Sea oil
Evening Standard

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. Andy Burnham has been urged to stick to Labour's…

bbc.co.uk - Jack Fenwick - Burnham to announce plans for new North Sea oil and gas drilling
Burnham to announce plans for new North Sea oil and gas drilling
BBC

Andy Burnham will announce plans for new oil and gas drilling in the North Sea when he becomes prime minister on Monday, the BBC has been told. The Labour Party's 2024 manifesto - which the new leader said he would follow - had pledged to not issue…

standard.co.uk - Alastair Lockhart - Burnham tipped to announce new North Sea oil drilling plans
Burnham tipped to announce new North Sea oil drilling plans
Evening Standard

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. Andy Burnham will announce plans for fresh…

standard.co.uk - Christopher McKeon - Andy Burnham urged to stick to Labour manifesto on North Sea oil
Andy Burnham urged to stick to Labour manifesto on North Sea oil
Evening Standard

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. Andy Burnham has been urged to stick to…

digitaljournal.com - Mae Cornes - How Jeremy Jackson advanced operational standards in oil and gas
How Jeremy Jackson advanced operational standards in oil and gas
Digital Journal

Opinions expressed by Digital Journal contributors are their own. Jeremy Jackson stood at the edge of the PBI International operations yard just after dawn, the sound of machinery matching the movement of a team preparing for another high-output…

mirror.co.uk - Patrick Hill - Iran makes defiant vow not a 'drop of oil and gas' will leave Strait of Hormuz
Iran makes defiant vow not a 'drop of oil and gas' will leave Strait of Hormuz
Daily Mirror

Iran today vowed not 'a single drop of oil and gas' will leave the Strait of Hormuz until the US ends its 'criminal' attacks. The warning came after Donald Trump's forces launched a seventh consecutive night of airstrikes on the country on Friday…

wsj.com - David Uberti - U.S. Emergency Oil Reserve Hits Lowest Levels Since 1983: Why It Matters
U.S. Emergency Oil Reserve Hits Lowest Levels Since 1983: Why It Matters
Wall Street Journal

In underground salt caverns in Texas and Louisiana, the U.S. government stores hundreds of millions of barrels worth of oil in case of energy shocks. Those reserves are now at their lowest levels in decades. In May, President Trump said the U.S.

independent.co.uk - Christopher McKeon - Andy Burnham urged to stick to Labour manifesto on North Sea oil
Andy Burnham urged to stick to Labour manifesto on North Sea oil
The Independent

Andy Burnham has been urged to stick to Labour's manifesto and block further drilling in the North Sea amid reports he is considering backing new oil and gas projects. Allies of the new Labour leader have said he intends to make a…

bbc.co.uk - Susie Rack - West Midlands households welcome heating oil protection plan
West Midlands households welcome heating oil protection plan
BBC

Families living in rural parts of the West Midlands have welcomed a recommendation to bring protections for heating oil customers in line with those connected to the grid. The Competition and Markets Authority (CMA) said in a report on Wednesday…

vice.com - Luis Prada - The U.S. Wants to Turn Abandoned Oil Rigs Into Spaceports
The U.S. Wants to Turn Abandoned Oil Rigs Into Spaceports
VICE

The U.S. government sounds like it took a huge bong rip and dared ask the question no one really cared to ask or even wanted answered: What if America's abandoned offshore oil rigs became rocket launch pads? As reported by The Washington Post, the…

marketwatch.com - Consumer Stocks Fall As Oil Prices Rally -- Consumer Roundup
Consumer Stocks Fall As Oil Prices Rally -- Consumer Roundup
MarketWatch

Stocks in the consumer sector were mostly lower even after the University of Michigan said a preliminary reading showed consumer sentiment improving more than expected. A rebound in fuel prices is seen pressuring retail spending. Walmart is…

thecentersquare.com - By Bethany Blankley | The Center Square contributor - Texas job growth continued in June, oil and gas industry showing signs of fluctuation
Texas job growth continued in June, oil and gas industry showing signs of fluctuation
The Center Square

(The Center Square) – Texas' job growth continued last month in most sectors with the oil and natural gas industry showing signs of fluctuation. Texas' unemployment rate was also higher last month and higher than the national rate. Key…

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