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 says Scots are 'dancing in the streets' over Burnham's oil plans
President Donald Trump praised incoming British Prime Minister Andy Burnham on Sunday and predicted a bright future for the United Kingdom 's energy sector, claiming people in Aberdeen, Scotland, were 'dancing in the streets' over Burnham's…
Oil Climbs as Middle East Conflict Escalates: Markets Wrap
Oil climbed to the highest level in over a month and the dollar strengthened after US and Iranian attacks escalated over the weekend, adding to pressure on Asian markets already rattled by a slump in chip stocks. Brent rose as much as 3.8% to over…
Second Oil Spike Coming? Consider These 7 High Yields Before It Hits
Producers like Crescent Energy (CRGY, 4.8% dividend yield) are the most direct plays on oil because barrel prices have a direct impact on their bottom line. Look at any chart of an American oil exploration-and-production firm against West Texas…
Is Andy Burnham promising a new dawn for North Sea oil and gas?
The final weekend before Andy Burnham enters Downing Street is being dominated by suggestions he'll announce plans for new drilling in the North Sea. But that could mean many things. We can be confident the new prime minister won't be confirming…
Oil prices spike over 3pc after US-Iran escalation
Oil prices surge over 3 per cent in early Asian trading, driven by intensifying military clashes between the United States and Iran that have severely disrupted energy shipments through the Strait of Hormuz, according to AlJazeera. Brent crude…
CNBC Daily Open: Spain takes the World Cup, oil takes the market spotlight
Spain claimed its first World Cup title since 2010 after beating 10-man Argentina 1-0. The U.S. continued striking Iran for a ninth consecutive night. Tehran remains defiant, with Iranian officials warning of further retaliation Oil surges on…
Oil Pulls the Market Lower Again
In this episode of Motley Fool Hidden Gems Investing, Motley Fool contributors Travis Hoium, Lou Whiteman, and Rachel Warren discuss: Oil is up again. Market breather? Can a cheap EV win? Why Americans buy big. Is AMT's debt a problem? Will…
Oil Rises on Rising Concerns Over Supply Disruptions in Middle East
2340 GMT — Oil rises on rising concerns over supply disruptions in the Middle East. American military forces started conducting a new wave of strikes against Iran for ninth straight night, the U.S. Central Command said in a social-media post…
Rebound in Oil Prices Likely to Weigh on Asian Currencies
0132 GMT — The rebound in oil prices is likely to weigh on Asian currencies, MUFG Bank's Lloyd Chan says in a research report. This rebound comes as “geopolitical risk premia rise and tanker traffic through the Strait of Hormuz…
Brent oil tops $90 as US, Iran intensify attacks in Middle East
SINGAPORE, July 20 (Reuters) - Oil prices jumped 3% on Monday, with Brent surpassing $90 a barrel, as the United States and Iran expanded attacks in the Middle East that have curbed energy shipments in the Strait of Hormuz. Brent…
Mission in Iran war has pivoted toward ensuring oil flow, Trump official says
A Trump administration official on Sunday grappled with mounting criticism over the length of the US war with Iran after months of promised diplomatic breakthroughs, short-lived ceasefires, and the deaths of two more American troops in Jordan…
Trump welcomes reports Andy Burnham could open up North Sea oil drilling
US President Donald Trump has said people in the Scottish city of Aberdeen will be “dancing in the streets” following reports Andy Burnham could back new oil and gas drilling in the North Sea. The incoming UK prime minister, dubbed…
Trump Applauds As New UK PM Backs North Sea Oil Expansion
On Sunday, President Trump took to his Truth Social account with a shout of congratulations for the people of Aberdeen, Scotland, and the United Kingdom's incoming new Prime Minister, Andy Burnham. Why would President Trump be cheering on the…
Ukrainian drones set oil facilities in Russia on fire
ARCHIVE – Soldiers from the Ukrainian Ministry of Defense deploy drones against Russia at an undisclosed location in Ukraine. Photo: Efrem Lukatsky/AP/dpa Ukraine has triggered several major fires in the country with new drone attacks on…
Oil tops $90 as Middle East fighting escalates
Oil prices jumped above $90 per barrel Sunday in the first major trading since the deaths of three U.S. service members and escalating Middle East hostilities. Why it matters: Higher oil prices could quickly translate into more expensive gasoline…
Receive a Daily briefing on Oil Industry News
Get Started