Oil Industry News
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Energy Up Alongside Oil Futures - Energy Roundup
Shares of energy companies surged alongside oil futures. Oil rose 8.5% to $81.01 a barrel in New York after reports that Iran attacked a U.S. oil tanker in the Persian Gulf. Iran continued to threaten infrastructure and shipping lanes around the…
Chevron exec warns Caliornia climate crackdown could 'collapse' state's oil industry
California's war on carbon could blow back at the pump — and wipe out the state's oil business entirely, a top Chevron executive is warning. Andy Walz, who heads the company's downstream, midstream and chemicals division, says a looming vote…
Iran war live updates: US temporarily lets India buy Russian oil amid energy fears; Israeli military launches strikes on Beirut
Persian Gulf states have fended off a wave of Iranian missiles, amid reports of growing frustrations within the nations the US is not providing its partners with enough warning or support. The Qatari defence ministry said air defences thwarted a…
Why the U.S.'s 'newfound oil' in Venezuela won't offset an Iran oil shock
White House press secretary Karoline Leavitt may have been trying to calm a nervous Wall Steet on Thursday when she said the Trump administration will tap into “our newfound oil” in Venezuela to continue America's dominance in the…
Stocks sink as oil rises
The Dow Jones Industrial Average closed with a loss of 784 points, a decline of 1.6 percent after falling more than 1,100 points earlier in the day. The S&P 500 index closed 0.6 percent lower, and the Nasdaq composite fell by 0.3 percent on the…
Households on heating oil already grappling with soaring prices
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. Households that rely on heating oil are grappling with…
Northumberland mum turns off heating as cost of oil soars
Jo LonsdaleNorth East and Cumbria A charity is warning a rise in the price of heating oil amid the conflict in the Middle East will hit those 'already struggling' in rural communities. Approximately 30% of homes in Cumbria and Northumberland do not…
Households on heating oil already grappling with soaring prices
Households that rely on heating oil are grappling with immediate rising costs as the Middle East conflict causes prices to soar. Home heating oil is used by around 1.5 million households in the UK, but sudden volatility in global oil trade has…
US allows India to buy Russian oil during US-Israel war with Iran
The US government has temporarily eased sanctions to allow India to buy Russian oil currently stranded at sea, amid escalating tensions in the Middle East. Treasury Secretary Scott Bessent said the 30-day waiver was a 'deliberate short-term…
Bloomberg Daybreak Asia: Oil Weekly Surge
Your daily business briefing. All the news you need in 15 minutes. Your daily business briefing. All the news you need in 15 minutes. Bloomberg Daybreak Asia Podcast • Browse all episodes Business and finance news from the Asia-Pacific. The…
Oil Rises as Iran War Piles Further Stress on Energy Supplies
(Bloomberg) -- Oil gained as the deepening conflict in the Middle East disrupted crude flows to key buyers, with top importer China seeking to conserve fuel as the combatants vowed to press on with hostilities. Brent climbed above $83 a barrel, as…
Trump Team Downplays Treasury Oil Futures Trades as Prices Surge
The Trump administration is ruling out deploying the Treasury Department to trade oil futures for now, according to a person familiar with the matter, as government officials look tame energy prices that have climbed amid the Iran war.
Iran Barrage Latest, India Snaps Up Russian Oil, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Oil falls as US may intervene in futures market, issues waiver for Russian purchases
PERTH: Oil fell for the first time in six days as the U.S. government is considering potentially intervening in the futures market to blunt rising prices and has given waivers to Indian refiners to buy Russian crude to ease supply constraints from…
U.S. offers India a 30-day waiver for buying Russian oil as Iran war deepens energy supply worries
U.S. has issued a 30-day waiver to the world's third-largest oil importer, India, to resume purchase oil from Russia. The U.S. government is taking steps to curb rising oil prices, including offering political risk insurance for tankers transiting…
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