Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump's crooked 'art of the deal' with Big Oil
The American people have seen several big oil scandals over the last century. We have survived Teapot Dome, the collapse of Enron, windfall profiteering during the 1970s oil crisis, Exxon Valdez, Deepwater Horizon and more. But President Trump's…
Unheralded EOG: A Focused Oil Company With Clearcut Success Strategy
The stock of EOG Resources is up about 30% since the Iran war started. That's not surprising because other oil and gas companies are up like this. What is surprising is its market cap is the biggest of independents in the U.S., an unheralded…
Oil Market in 'Race Against Time' on Hormuz - TT
The Strait of Hormuz. (maps4media/Bloomberg) The oil market is in “a race against time” as the factors that combined to restrain price rises from the Iran war stand to come under strain if the Strait of Hormuz stays closed into June…
Oil Market in 'Race Against Time' on Hormuz, Morgan Stanley Says
The oil market is in “a race against time” as the factors that combined to restrain price rises from the Iran war so far may no longer hold if the Strait of Hormuz stays closed into June, according to Morgan Stanley. Despite the loss…
After 1973 Oil Shock, Stock Market Didn't Recover For 20 Years. Can that Happen Again?
After 1973's oil shock, the Dow crashed 40% and plunged into what was later dubbed a “lost decade.” Adjusted for inflation, it took the index roughly 20 years to recover. Can that happen again? The parallel is striking. The same…
Texas firm looking to explore oil in rural Georgia
A Texas -based oil and gas company is seeking permission to drill exploratory wells in southwest Georgia, reviving the possibility of oil production in a state where commercial extraction has never taken hold. Pilot Exploration, a Texas firm…
North Lincolnshire Council confirms £300 heating oil support
David McKenna East Yorkshire and Lincolnshire Hundreds of households in North Lincolnshire who rely on heating oil will receive £300 support to help with rising heating and energy costs, the district council has said. Unlike for those who use…
California gas prices could spike as imported oil supply dries up, industry warns
California may soon have to battle other states for oil resources as its imported supply runs dry, a leading lobbying group has warned. Jodie Muller, CEO of Western States Petroleum Association, said the limited amount coming into the Golden State…
Wall Street Breakfast Podcast: Futures Dip As Oil Jumps
Listen below or on the go via Apple Podcasts and Spotify Stock index futures fall as hopes of a U.S.-Iran resolution fade. (00:13) Nintendo (NTDOY) slumps 9% over Switch 2 pricing and cautious guidance. (01:13) Dunkin' Donuts owner Inspire Brands…
Oil prices climb after Trump dismisses Iran's response to peace plan
Oil prices have climbed after Donald Trump condemned Iran's response to US proposals to end the war as “totally unacceptable”. The president's rejection of Tehran's overture in a post on his Truth Social platform triggered a jump in…
Oil price surges higher on setback to hopes for U.S.-Iran peace deal
May 11 (UPI) -- Global oil prices jumped overnight after U.S. President Donald Trump said an Iranian counteroffer to a 14-point U.S. plan to end the war was 'totally unacceptable.' Brent crude, the international benchmark, rose by more than 4% to…
Gold falls on oil-driven inflation worries as US-Iran peace talks falter
Gold prices fell on Monday, as a lack of progress in US–Iran peace negotiations pushed oil prices higher, fuelling concerns that elevated inflation could keep interest rates higher for longer. SCROLL TO CONTINUE WITH CONTENT Spot gold fell…
Oil Prices Rise as Trump Rejects Iran's Ceasefire Response - TT
Oil tankers sit at anchor offshore in the Strait of Hormuz off Bandar Abbas, Iran, on May 2. (Amirhosein Khorgooi/ISNA via AP) U.S. markets hovered near all-time highs May 11 and oil rose more than 2% after President Donald Trump appeared to…
Oil Prices Rise as Mideast Diplomacy Stalls
Markets Coverage The latest news & analysis…
Oil jumps after Trump dismisses Iran peace offer
The oil price jumped 4 per cent after Donald Trump branded a mooted Iran peace plan “totally unacceptable”. It came as Saudi Aramco warned the disruption to the oil market could continue well in to next year, raising the prospect of…
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