Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
We Could Be Weeks From $140 To $160 A Barrel Oil, Say Industry Experts
Oil field with rigs at sunset. World Oil Industry A proposed deal with Iran — yet another in a series that have been emerging as regularly as weekly video entertainment episodes — again seems to have set off reactions among oil…
Hassett predicts oil will flow through Strait of Hormuz in 'a month or two'
National Economic Council Director Kevin Hassett on Sunday predicted that oil shipments will pass through the Strait of Hormuz in “a month or two,” while it has been closed off amid the U.S.-Israeli conflict in Iran. Hassett told…
Mizuho Raises Devon Energy (DVN) Price Target as Higher Oil Prices Support Outlook
Devon Energy Corporation (NYSE: DVN) is included among the 10 Best Long-Term Dividend Stocks to Invest In According to Billionaires. Mizuho analyst Nitin Kumar raised the firm's price recommendation on Devon Energy Corporation (NYSE:DVN) to $68…
Oil Climbs as US-Iran Ceasefire Remains Elusive: Markets Wrap
Oil climbed as tensions remained elevated in the Middle East, with negotiations over a permanent US-Iran ceasefire showing little sign of a breakthrough. Brent crude rose in early Asian trading, trading above $93 a barrel after closing at its…
Feds to open hundreds of acres of Colorado wilderness to oil drilling
Wildlife habitat, endangered animals and recreation could all be at risk in state's biggest public land sale in modern history. A federal agency will offer hundreds of acres in northwestern Colorado that the nation's largest elk herd relies upon…
Oil's Peace Dividend Is Real, But Normalization Is Not A Light Switch
Markets can remove geopolitical risk premium far faster than physical energy systems can recover. The real post-war story may be strategic reserve rebuilding rather than simply falling oil prices. Canada's emerging Pacific LNG corridor highlights…
Chef urges home cooks to add 1 ingredient to steak before cooking - not oil
Cooking a steak may seem like a doddle on the outset – as all you need is a hot pan, a pinch of seasoning and a couple of minutes on each side. However, executing the dish is easier said than done. Too long in the pan can make the meat dry…
Live: ASX tipped lower despite Wall St gains, AUD flat, oil retreats
ASX 200 futures: -0.15% to 8,719 points Australian dollar: flat at 71.69 US cents Wall Street: Dow Jones (+0.1%), S&P 500 (+0.6%), Nasdaq (+0.9%) Europe: Stoxx 600 (+0.1%), DAX (+0.1%), FTSE (-0.2%) Asia: Nikkei (+2.5%), Hang Seng (+1%) Spot gold:…
Wall Street may have solved a nagging mystery in global oil markets as doomsday scenarios have yet to arrive
China has quietly emerged as the global oil market's stealthy swing consumer, potentially holding off doomsday a while longer. For months, investors wondered why crude oil prices failed to reach worst-case scenarios, even as a fifth of the world's…
Ukrainian drones strike oil hub behind Russian front lines as smoke fills sky
UKRAINIAN drones have struck a key Russian oil station 800 miles behind the frontline in the latest blow to Vladimir Putin's bloody war. Astonishing footage showed towering plumes of smoke billowing in the skies following Kyiv ‘s precise…
EU Weighs Temporary Freeze on Russia Oil Price Cap Over Iran War
The European Union is considering a temporary freeze to its price cap on Russian oil as the war in the Middle East continues into a fourth month, said people familiar with the matter. The bloc adopted a dynamic mechanism last year to ensure that…
EU considers freezing Russian oil price cap - Bloomberg
The EU is mulling a temporary freeze on its price cap on Russian oil as the US-Israeli war against Iran led to soaring energy prices and global economic shock, Bloomberg reported on Sunday, citing sources. The proposed measure is part of the EU's…
Omega-3 fish oil shows promise against type 2 diabetes
The work was funded by FAPESP and focused on Goto-Kakizaki rats, a well established animal model used to study non-obese type 2 diabetes. Type 2 diabetes is marked by high blood sugar that occurs when insulin, the hormone that helps move glucose…
Trump Admin Uses Iran War Oil Shock to Push Drilling in Alaskan Wilderness
Honest, paywall-free news is rare. Please support our boldly independent journalism with a donation of any size. The Trump administration and fellow Republicans are citing the Iran war as a pretext for oil drilling in Alaska, in an attempt to…
Ukrainian drones cause fires at Russian oil depots | Arkansas Democrat Gazette
Ukrainian drone strikes caused fires at more Russian oil facilities overnight into Saturday, Russian officials said, in what appeared to be the latest attack on Moscow's vital oil industry. Authorities in Russia's Rostov region said falling drone…
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