Oil Industry News
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Heating oil market to be better regulated under plans to help households
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 heating oil market is to be better regulated under…
Heating oil market to be better regulated under plans to help households
The heating oil market is to be better regulated under plans to ensure households using the fuel are treated fairly, the Government has announced. The Department for Energy and Net Zero (DESNZ) confirmed it would accept the Competition and Markets…
Live: Oil prices on the rise as energy supply concerns continue
ASX SPI 200 futures: +0.1% to 8,812 points Australian dollar: flat at 69.58 US cents Wall Street: S&P 500 -0.1%, Dow +0.4%, Nasdaq -0.4% Europe: Dax +0.8%, FTSE +1%, Eurostoxx50 +0.7% Spot gold: -0.5% to $US4,171/ounce Oil: Brent futures +1.2% to…
Environmentalists picket African Energy Week, urging an end to new oil and gas exploration
Climate activists picketed outside the African Energy Week conference in Cape Town, South Africa, on Tuesday, calling for an end to new oil and gas exploration across the continent and accusing energy companies of prioritizing profits over people…
Crude Oil Futures Fall 2.4% On Russian Supply Hopes
Supported by the fall in the global crude prices following US President Donald Trump's announcement of buying Russian oil, crude oil futures were down 2.4% on the Multi Commodity Exchange (MCX) on Tuesday as markets expect possibility of increased…
Oil Futures Decline on Possible Technical Correction
0021 GMT — Oil futures decline on a possible technical correction after solid gains overnight. However, downward pressure on the futures is likely to be tempered by ongoing tensions in the Middle East. “Tensions were heightened as…
Energy Stocks Rise as Global Conflicts Push Up Oil Prices
Energy stocks and oil prices rose after continued attacks in both Ukraine and the Middle East complicated President Trump's recent efforts to lower fuel costs. Major indexes ended mixed. The Dow Jones Industrial Average rose 195.60 points, or…
Heating oil customers face tough winter despite shake-up promise
Heating oil customers facing soaring bills have been promised better regulation of the sector by the government. Ministers say they will tighten up rules, promote competition and give customers clearer compensation routes if things go wrong.
Environmentalists picket African Energy Week, urging an end to new oil and gas exploration
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Oil prices remain above $100 as traders watch Middle East - TT
Gas prices in California on Oct. 9. (Jae C. Hong/AP) Traders have been closely monitoring developments in the Middle East on concern a recent barrage of attacks by Iran-backed Houthi militants on Saudi Arabia could imperil shipments from the…
Trump's Oil Deal Needs the Houthis to Behave
John Authers & Richard Abbey, Columnists To get John Authers' newsletter delivered directly to your inbox, sign up here. The Houthi attacks on Saudi Arabia's airports are only the latest catalyst driving oil prices higher. Brent crude first-month…
Nasdaq ends lower as oil prices surge ahead of earnings, economic data
The Nasdaq composite closed lower on Monday as oil prices jumped nearly US$2 a barrelafter attacks on a Saudi airport, and investors waited for banks to kick off the third-quarter earnings season and for economic data this week. SCROLL TO CONTINUE…
UK asks Interpol to reject Argentina's 'politically motivated' requests for Falklands oil arrests
Britain has appealed to Interpol to reject Argentina's requests for the arrest of individuals involved in a large oil project off the Falkland Islands. With tensions over the sovereignty of the British overseas territory reaching levels not seen…
Environmentalists picket African Energy Week, urging an end to new oil and gas exploration
CAPE TOWN (AP) — Climate activists picketed outside the African Energy Week conference in Cape Town, South Africa, on Tuesday, calling for an end to new oil and gas exploration across the continent and accusing energy companies of…
Oil prices spike after Houthi attacks on Saudi airports
Oil prices rose on Monday, after the Iran-backed Houthis launched attacks on two airports in Saudi Arabia over the weekend. Brent crude, the international benchmark, closed at nearly $106 per barrel as of late Monay afternoon, up roughly $1.20 from…
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