Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
South Korean firms back $272M expansion of UAE oil field
Nov. 9 (Asia Today) -- An oil field in the United Arab Emirates jointly developed by South Korea's Korea National Oil Corp. and GS Energy is moving forward with a $272 million infrastructure expansion aimed at supporting long-term crude oil…
Murphy Offshore Oil partners with Ratio Energies to enter Israel energy market
American oil and gas company Murphy Offshore Oil is entering Israel's energy exploration market for the first time after securing offshore exploration licenses alongside Israeli firm Ratio Energies, the latter announced on Monday. The two companies…
Oil Falls as U.S.-Iran Conflict Risks Ease
0159 GMT — Oil weakens after President Trump played down the prospect of further U.S. strikes on Iran. The diplomatic signals, including Trump saying that there's a potential end to the conflict in sight, drove an aggressive repricing of the…
Asian Stocks to Rally on US Tech Surge, Oil Slump: Markets Wrap
Asian stocks were poised to track Wall Street higher as a rally in technology shares and a slump in oil prices drove US benchmarks to their best day in seven months. Equity-index futures for South Korea, Japan and Taiwan, home to leading suppliers…
T. Cullen Davis, a Texas oil tycoon acquitted in a 1970s murder trial, has died at 93
T. Cullen Davis, a Texas oil tycoon acquitted of murder in a shooting at his secluded Fort Worth mansion in a 1970s case featured in true-crime shows and then acquitted again in an alleged murder-for-hire plot, has died. He was 93. Davis, who…
Wall St jumps back as oil slide eases inflation worries; Nvidia slumps
US stocks rallied on Monday, as a drop in oil prices tempered inflation fears and helped the S&P 500 bounce off its biggest weekly drop since April 2025, and tech shares jumped even as AI heavyweight Nvidia slumped with controversy swirling around…
Global Carbon Emissions Set to Dip in 2026 After Iran War Oil Surge
Global carbon emissions are falling this year, a drop explained more by the recent oil shock than by countries' gradual transition to clean energy. Carbon dioxide pollution from burning fossil fuels will decline by 0.4% in 2026, to 38.2 billion…
'Nonsense Rate': Inside Weeks of Turmoil Over Key Oil Benchmark
In March this year, inside a 282-year-old institution responsible for one of the most important prices in global oil markets, one man staged a quiet protest. “Nonsense rate,” Christopher Loveday wrote on March 23 in an internal…
Bacon will be extra crispy if you add common ingredient to the pan - no oil
Bacon is a beloved breakfast staple, whether you're frying it up alongside a full English or stuffing it into a sandwich for that perfect salty, crispy bite. There are plenty of ways to cook bacon, but not all methods deliver the goods, and you can…
Oil prices fall to two-month low as Trump says new Iran strikes 'unlikely'
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. Oil prices have fallen to a fresh two-month low as…
S&P 500 Futures Rise as Oil Falls; Nvidia Sinks on Huang Affair
US equity futures are climbing on Monday morning as oil prices drop, while shares of Nvidia Corp. slide in premarket trading after Chief Executive Officer Jensen Huang admitted to an extramarital affair with Alice Huang, a woman identified as a…
Wall Street rallies on falling oil prices despite Nvidia and AI fears
Wall Street rallied on Monday, recovering more of its steep losses from last week as oil prices fell lower. The market advance occurred despite a drop in Nvidia, one of Wall Street's most influential stocks. The S&P climbed 2.3% and was on track…
Seed Oil 'Fearmongering' Drives $1 Billion Surge in US Snack-Food Spending
The backlash against seed oils has turned into a billion-dollar business opportunity. Americans purchased more than $1 billion worth of products labeled seed oil-free in the last 52 weeks, according to NielsenIQ data. That was up more than 72% from…
Dibrugarh OIL Fire Toll Rises To Four
The death toll in the fire at the Oil India Limited (OIL) facility in Assam's Dibrugarh district rose to four on Sunday after another injured worker succumbed to his injuries. The public sector undertaking has suspended all four personnel who were…
Seoul shares open sharply higher on US tech rally, falling oil prices
Korean stocks started sharply higher Tuesday following overnight Wall Street gains driven by hopes for diplomatic talks aimed at ending the U.S.-Iran war, which led to a drop in oil prices amid a scandal swirling around Nvidia CEO Jensen Huang. The…
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