Oil Industry News

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marketwatch.com - Energy Slides Alongside Oil on Iran Cease-Fire -- Energy Roundup
Energy Slides Alongside Oil on Iran Cease-Fire -- Energy Roundup
MarketWatch

Iran told mediators it would limit the number of ships crossing the strait to around a dozen a day and charge tolls under the cease-fire struck by President Trump, showing Tehran plans to keep control over the world's most important energy-shipping…

scmp.com - Kandy Wong - As Iran war jolts global oil, can China's energy storage tech blunt the impact?
As Iran war jolts global oil, can China's energy storage tech blunt the impact?
South China Morning Post

China's exports of energy storage equipment are expected to keep rising as the US-Israeli war in Iran renews global calls for energy independence, industry insiders and analysts said. The total export value of Chinese inverters – key…

bloomberg.com - Watch Energy Market Risks and Oil Prices: Goldman Sachs Sees Highest Energy Capex Since Shale Revolution
Watch Energy Market Risks and Oil Prices: Goldman Sachs Sees Highest Energy Capex Since Shale Revolution
Bloomberg

Goldman Sachs Sees Highest Energy Capex Since Shale Revolution Michele Della Vigna, head of EMEA natural resources research at Goldman Sachs, discusses the outlook for energy industry investment with the Strait of Hormuz becoming 'more risky' and…

washingtonexaminer.com - Callie Patteson - Daily on Energy: The ceasefire and a huge oil price drop
Daily on Energy: The ceasefire and a huge oil price drop
Washington Examiner

IRAN LATEST – TRUMP'S CEASEFIRE: President Donald Trump 's deadline last night came and went after the U.S. and Iran agreed on a two-week ceasefire as the two countries continue to negotiate. “Based on conversations with Prime…

cnn.com - Matt Egan - Why oil prices are trending | CNN Business
Why oil prices are trending | CNN Business
CNN

Almost immediately after President Donald Trump agreed to a two-week ceasefire with Iran on Tuesday, crude oil plunged to the lowest level in about three weeks. CNN's Matt Egan explains when you might see lower prices at the gas pump. Discover more…

thehill.com - Rachel Frazin - Oil prices drop amid ceasefire
Oil prices drop amid ceasefire
The Hill

While oil prices are still higher than before the war with Iran, the massive drop suggests markets are optimistic about the president's ceasefire announcement. Trump said Tuesday that he would “suspend” attacks on Iran for two weeks…

theguardian.com - Julia Kollewe - Oil price rises as markets question durability of Middle East ceasefire
Oil price rises as markets question durability of Middle East ceasefire
The Guardian

Oil and gas prices rose on Thursday and Asian stock markets retreated as the two-week ceasefire in Iran looked increasingly shaky, with Israel continuing attacks on Lebanon and the US and Iran threatening a return to military action. A day after…

bloomberg.com - Joe Ryan - Occidental Finds Oil in Exploratory Well in Gulf of Mexico
Occidental Finds Oil in Exploratory Well in Gulf of Mexico
Bloomberg

Occidental Petroleum Corp. discovered oil in an exploratory well in the Gulf of Mexico about 125 miles (201 kilometers) south of the Louisiana coast. The company found crude in Miocene sand deposits in an area it refers to as the Bandit prospect…

washingtonexaminer.com - Tom Rogan - Oil and gas prices will be lower but still elevated
Oil and gas prices will be lower but still elevated
Washington Examiner

The ceasefire does not immediately restore oil flows through the Strait of Hormuz. Shipping volumes remain constrained. Insurance costs will remain elevated. Under the most optimistic assumptions, it will take months for oil flows to reach pre-war…

marketwatch.com - MarketWatch Automation - Tourmaline Oil Corp. stock falls Wednesday, underperforms market
Tourmaline Oil Corp. stock falls Wednesday, underperforms market
MarketWatch

Shares of Tourmaline Oil Corp. TOU shed 3.70% to C$62.01 Wednesday, in what proved to be an otherwise all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 1.15% to 33,620.57. Tourmaline Oil…

bloomberg.com - Watch Oil Unlikely to Go Back to Pre-War Prices, Energy Aspects Says
Watch Oil Unlikely to Go Back to Pre-War Prices, Energy Aspects Says
Bloomberg

Oil Unlikely to Go Back to Pre-War Prices, Energy Aspects Says Energy Aspects Global Gas Head Livia Gallarati discusses energy markets amid the fragile ceasefire between the US and Iran. Speaking on Bloomberg Television, she says both oil and gas…

marketwatch.com - Kenneth Rapoza - These signals will make or break the Iran cease-fire - and oil prices
These signals will make or break the Iran cease-fire - and oil prices
MarketWatch

President Donald Trump's cease-fire with Iran is like that 1980s movie starring Tom Hanks and Shelly Long, “The Money Pit.” In it, Hanks and Long repeatedly ask their contractors how long it will take for their home to be completed.

marketwatch.com - Occidental Reports Oil Discovery in Gulf of Mexico Bandit Prospect
Occidental Reports Oil Discovery in Gulf of Mexico Bandit Prospect
MarketWatch

Occidental Petroleum has made an oil discovery at the Bandit prospect in the Gulf of Mexico, about 125 miles south of the Louisiana coast. Occidental, which operates Bandit and holds a roughly 45.4% working interest, on Thursday said the…

bloomberg.com - Watch Markets Can Live With $100 Oil for a While, JPM's Michele Says
Watch Markets Can Live With $100 Oil for a While, JPM's Michele Says
Bloomberg

Markets Can Live With $100 Oil for a While, JPM's Michele Says Bob Michele, global head of fixed income at JPMorgan Asset Management, sees a path to markets turning optimistic and putting the Iran war “in the distant rearview mirror”…

bloomberg.com - Alex Longley - Oil Chaos Is Clearest in the Hunt for ASAP Barrels
Oil Chaos Is Clearest in the Hunt for ASAP Barrels
Bloomberg

This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, reporter Alex Longley looks at the persistent tightness in physical oil markets following the US-Iran ceasefire earlier this week. A…

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