Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
I will make final decision on Rosebank oil field, energy secretary insists
Alex Forsyth, Political correspondent and Becky Morton, Political reporter Energy Secretary Miatta Fahnbulleh has insisted she will make the final decision over whether to approve the controversial Rosebank oil field, not the prime minister or…
I will make final decision on Rosebank oil field, energy secretary insists
Energy Secretary Miatta Fahnbulleh has insisted she will make the final decision over whether to approve the controversial Rosebank oil field, not the prime minister or chancellor. She said there was a 'tight' framework involved in making the…
Aberdeen MP urges Energy Secretary to approve Rosebank oil field
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. Aberdeen South MP Douglas Lumsden has urged the Energy…
Under-the-radar stocks to play the next leg of the energy trade with oil prices jumping again
Iran is going to grow more desperate as oil money dries up, which makes the country even more dangerous. Some under-the-radar energy stocks Goldman Sachs loves. Why the U.S. Strategic Petroleum Reserve could be effectively empty soon. Energy guru…
Is the UK set to green-light the Rosebank oil field?
Is the UK set to green-light a huge untapped oil field? The Jackdaw gas field in the North Sea has been allowed to start production after years of debates and legal wrangling - but a decision is yet to be taken on the Rosebank oil field in the…
Is the UK set to green-light the Rosebank oil field?
The Jackdaw gas field in the North Sea has been allowed to start production after years of debates and legal wrangling - but a decision is yet to be taken on the Rosebank oil field in the North Atlantic. Industry bodies argue that the sites could…
Opinion | Oil Today, Crisis Tomorrow
The quotes from politicians in your editorial “ The Democratic Hormuz Alternative ” (Oct. 16) bring to mind the movie “Three Days of the Condor,” in which Higgins, a CIA official, explains why governments will go to…
The Wartime Oil Market is Turning on its Head
A key dynamic in the oil market during the Iran War is making a u-turn. Previously, when disruptions to Middle East oil shipments flared, the price run-up of physical crude cargoes far outpaced that of futures contracts. The difference suggested…
Surging oil prices and fresh tech jitters are hammering stocks
The bull market stumbled Thursday, with US stocks seeing a fresh sell-off on amid the latest surge in oil prices and continued anxiety over the AI trade. Oil jumped as markets digested a New York Times report that the US and Israel are planning…
Stocks rattled by fears over tech sell-off and rising oil prices
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 ended lower on Thursday as a tech sell-off…
Oil Signals Geopolitical Risk Is Back On The Radar
Oil prices are climbing again and are approaching the highs reached during the early stages of the Iran conflict. The latest advance reflects growing concerns about renewed conflict in the Middle East, fueled by reports that the U.S. and Israel may…
US Futures Slip as Risk-Off Sentiment Dominates With Oil Rising
Futures were under pressure as escalating concern about Mideast conflict pushed oil futures higher, spurring inflation fears with US midterm elections less than two weeks away. Investors were also parsing the latest batch of tech earnings in a bid…
Oil Firm Pitches Exemption to Canada's Contentious BC Tanker Ban
A Canadian oil producer is pitching a new port on the northern British Columbia coast to ship as much as 250,000 barrels a day of crude, a proposal that requires an exemption to a federal tanker ban. Strathcona Resources Ltd. plans to reach out to…
Price of Physical Oil Barrels Slides Just as Crude Futures Rally
The oil market is suddenly being gripped by a divergence between futures and physical prices, something that's playing out in two closely watched versions of Brent crude. In the last couple of weeks, Brent futures — where billions of dollars…
Oil prices jump to five-month high as attacks threaten global supply
Oil prices jumped to a five-month high on Thursday after attacks in Saudi Arabia and hits to tankers in the strait of Hormuz threatened further disruptions to the world's crude supply. Brent crude, the international benchmark for oil…
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