Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Iran oil waiver offers lifeline to Tehran as talks proceed
The U.S. issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal. Vice President JD Vance, attending the discussions in…
Onchain Perpetuals: Trade Oil, Gold And Stocks On Ostium
SEOUL, REPUBLIC OF KOREA: Gold bars are displayed at Shinhan Bank in Seoul on 09 January 2004. 'You can typically guess what the most traded assets are,' said Kaledora Kiernan-Linn, 'by looking at what's trending on Twitter.' Social feeds, more or…
Texas oil and gas industry report job gains in May
(The Center Square) – The Texas oil and natural gas industry again reported job gains in May although it was another month of job declines in the upstream sector, which includes extraction. The industry gained 4,100 jobs in May over the…
Bloomberg Daybreak Asia: Iran Oil Waiver
Bloomberg Daybreak Asia Podcast • Browse all episodes Business and finance news from the Asia-Pacific. The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two…
Mixed messages on Strait of Hormuz create uncertainty for oil
Mixed messages from the U.S. and Iran on the Strait of Hormuz are injecting further uncertainty into the future of the waterway and global oil supplies. Over the weekend, the Iranian military said that it would close the strait in response to…
Asian Stocks Set for Gains as Oil Holds Losses: Markets Wrap
Asian stocks were set for a positive open after oil retreated on optimism about progress in peace talks between the US and Iran, offsetting weakness in Wall Street where drops in several tech giants weighed on benchmarks. Equity futures pointed to…
Markets Close Mixed, US Offers Iran Oil Waiver, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
US suspends Iran oil sanctions, says nuclear inspectors to return
The United States temporarily suspended sanctions on Iranian oil on Monday after Vice President JD Vance said Iran would allow UN nuclear inspectors to return to the country, following talks in Switzerland. SCROLL TO CONTINUE WITH CONTENT Last…
Mexican leader seeks to restart oil shipments to Cuba as island's crises deepen
Mexican President Claudia Sheinbaum said on Monday that her country seeks to restart oil shipments to Cuba soon, a move that could provide much-needed relief as the island's crises deepen given a lack of petroleum. Sheinbaum said her administration…
U.S. authorizes Iranian oil sales for 60 days
U.S. crude prices fell 2.7% to about $74 per barrel after Treasury Secretary Scott Bessent announced a 60-day waiver of sanctions on the purchase of Iranian oil. NBC News' Brian Cheung reports on the oil market's reaction to the temporary sale of…
Strait Of Hormuz (Video): Adaptive Oil Market, But...
Oil prices have remained resilient near $100/barrel during the Strait of Hormuz crisis, defying projections of $150–200. Pre-crisis global inventory surpluses and strategic stock drawdowns provided critical market buffers, moderating price…
WTI Crude Oil Price Showing Likelihood of 'Corrective' Rebound, Chart Shows
0032 GMT — WTI crude oil price is showing likelihood of a “corrective” rebound, based on its daily chart, FOREX.com's Fawad Razaqzada says in an email. “WTI has been trending lower for several weeks, leaving momentum…
Oil Prices Dip as Iran Talks Continue - TT
More than 100 oil tankers were trapped inside the Persian Gulf prior to the signing of the interim peace deal. (Andreea Campeanu/Getty Images via Bloomberg) Oil prices fell as talks progressed over a permanent end to the Iran war. High-level…
Are oil markets too optimistic?
US vice president JD Vance exited his second day of negotiations with Iran sounding upbeat. “The final deal is the house,” he told reporters on Monday (22 June). “We set the foundation. We haven't built the house, but we've…
Oil Prices Rise Amid Mixed Signals From U.S.-Iran Peace Talks
Oil prices were up in Asia on Tuesday morning, amid mixed signals from talks between the U.S. and Iran on ending the conflict. Vice President JD Vance said Monday that Iran had agreed to allow nuclear inspectors to return to the Middle Eastern…
Receive a Daily briefing on Oil Industry News
Get Started