Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Asia 'scraping the bottom of the barrel' as Red Sea oil blockade worsens energy crisis
Governments in Asia are scrambling to avoid their second major energy crisis in six months, as another maritime chokepoint in the Middle East faces a violent blockade, leaving only the Suez canal completely open for the free movement of gulf oil.
Is This Ancient Amazonian Oil The Next Miracle Ingredient For Hair And Skin?
Xirü co-founder Daniela Botero with two of their cacay-based oils As an actress and model, Daniela Botero 's hair and skin were constantly going through the wringer. She was battling everything from rosacea to melasma to cystic acne, so she…
Oil prices are cratering on renewed optimism for a US-Iran peace
Oil market volatility continued on Tuesday, as prices plunged for a second day this week as a pause in the fighting held and hopes increased for the US and Iran to renew talks to end the war. Brent and US crude prices tumbled on Tuesday, extending…
Earnings tonic boosts FTSE 100 as oil falls back
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 made strong progress on Tuesday, buoyed by…
Tokyo to boost financial support for overseas oil pipeline investments
The government is planning to expand its financial support to Japanese companies investing in pipeline projects overseas including the Middle East, as part of efforts to strengthen alternative oil and gas transportation routes in the Gulf region to…
Earnings tonic boosts FTSE 100 as oil falls back
The FTSE 100 made strong progress on Tuesday, buoyed by positive earnings and a drop in the oil price, which helped shrug off worries sparked by a chip sector sell-off in Asia. The FTSE 100 index closed up 89.27 points, 0.8%, at 10,871.02. The FTSE…
BGN Emerges as Key Trader in Kazakhstan's Crude Oil Exports
BGN, a little-known trading house with Turkish roots, has emerged as one of the top players in the market for Kazakhstan's crude oil exports. Run by Turkish businesswoman Rüya Bayegan, BGN has become one of the biggest merchants of…
Russia Drives Up Oil Flows Through Arctic to Maintain High Exports
Russia is driving up shipments of crude oil through the Arctic Sea, supporting Moscow's historically high rates of exports while slashing delivery times and helping to avoid any pitfalls from sailing through the Houthi-threatened Red Sea. The…
OPEC+ Is About to Pause Oil Output Hikes. Here's What It Means for Oil Stocks.
OPEC+ appears poised to pause its phased output increases after September. The group of OPEC members and several large oil-producing non-members have been steadily raising their collective output due to a severe supply shortage caused by the war…
Ngau Chi Wan grocery store doused in oil and chair stolen in suspected revenge
A Ngau Chi Wan grocery store was vandalized with oil and had a chair stolen on Tuesday afternoon, with police suspecting a link to a dispute that occurred a few days earlier. SCROLL TO CONTINUE WITH CONTENT Police were alerted at 2.29pm by the shop…
Higher Oil, AI Spending And Tariffs Test Markets
Rising oil prices are increasing inflation risks but remain a sector-specific story. AI leaders are facing greater scrutiny over capital spending. Tariffs return to the spotlight, though the economic impact appears limited. Markets were relatively…
Oil prices drop on hopes of renewed U.S.-Iran talks - TT
Small boats line the shore as cargo ships and other commercial vessels appear anchored in the Strait of Hormuz off Bandar Abbas, Iran, on July 27. (Razieh Poudat/ISNA via AP) Oil prices extended their declines as the U.S. and Iran refrained from…
Oil plunges, stocks 'n' bonds shrug
ORLANDO, Florida, July 27 (Reuters) - Oil prices tumbled on Monday as the U.S. and Iran swapped attacks on each other for dialogue, while Wall Street and Treasuries traded in much narrower ranges as investors looked ahead to a raft of big tech…
Texas refineries see Venezuelan oil imports soar
Brandon Mulder is a journalism fellow at the University of Texas Energy Institute. Imports of Venezuelan crude oil into the Gulf Coast have sharply risen in the months since the U.S. took control of Venezuela's oil industry, giving Texas oil…
Oil Extends Decline, Asian Stocks Set for Losses: Markets Wrap
Asian equities declined as renewed concerns over artificial-intelligence spending fueled another selloff in chipmakers. MSCI's Asia Pacific equity gauge fell 1.9%, with chip majors SK Hynix Inc. and Samsung Electronics Co. contributing the most to…
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