Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
'Seismic' blue wave triggers the sinking of oil prices, energy stocks, and the chances of power permitting reform
Most energy stocks plunged on Wednesday—except for clean power and utilities in a few remaining reliably red states—as crude oil prices fell to one-month lows because of bullishness on Iran war peace talks and bearishness on the data…
Oil Sector Girds for Possible Windfall Tax After Democrats Win
The oil industry is bracing for Democrats to use their newfound political muscle to push for a deal with President Donald Trump and impose a windfall tax on surging crude prices. Democrats already have proposed legislation to make companies…
Stocks surge as Democrats win and oil price slips
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. Stocks soared in London on Wednesday, along with European…
Ten oversold energy stocks as oil prices slide after U.S. midterm elections (USO:NYSEARCA)
The energy sector came under significant pressure on Wednesday, with crude oil futures falling more than $2/bbl amid volatile trading as investors assessed the outlook for the U.S.-Iran conflict following a major midterm election setback for…
Oil prices decline as markets soar on midterm results - TT
A supporter of Wisconsin Gov.-elect David Crowley, a Democrat, sports an 'I voted' sticker at an election night event Nov. 3 in Milwaukee. (Nam Y. Huh/AP) Oil market is down on continued uncertainty about what the war with Iran will mean for global…
Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections
Add Boston.com on Google (opens in a new tab) Add Boston.com as your preferred source on Google to see more of our stories. NEW YORK (AP) — U.S. stocks soared Wednesday after President Donald Trump's party lost its sole control of Washington…
Voters Reject Trump's Big Oil Agenda, Demand Affordable Energy and Accountability
In response to Tuesday's wave of Democratic victories, Elizabeth Bast, Executive Director at Oil Change Action, said: “Tonight voters send a clear message: They're fed up with Trump's agenda of fossil fuel giveaways, illegal and immoral…
Democrat Wins Texas Oil Regulator Seat for First Time Since 1990
Democrat Jon Rosenthal defeated Republican firebrand Bo French to become the first member of his party in 36 years to win a seat on the powerful panel that oversees the $200 billion Texas oil industry. Rosenthal, a state representative and…
Stocks Surge, Oil Plummets on Democrat Victory
This is an edition of the Markets P.M. newsletter, a recap of the day's most important markets moves, delivered after the closing bell. If you're not subscribed, sign up here. Stocks rallied following the midterm elections. Investors traditionally…
Stocks surge as Democrats win and oil price slips
Stocks soared in London on Wednesday, along with European and US peers, as investors weighed a decisive win for the Democrats over President Donald Trump's Republicans in the US midterm elections. The FTSE 100 index closed up 190.78 points, 1.8%…
U.S. Crude Oil Stockpiles Post Fifth Straight Weekly Drop
U.S. crude oil inventories were down for a fifth consecutive week, while distillate stocks fell to their lowest level in more than two decades, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude oil…
Oil Prices Slide Further on Hopes for Mideast Peace
U.S. oil futures settled at $88.12 a barrel, down $7.97 on the day and $16 over the past three trading sessions. Those losses have more than wiped out October's price gains and West Texas Intermediate futures are now the lowest they have been since…
Listen: Global Conflicts Have Meant Huge Profits for U.S. Oil Refiners
U.S. oil refiners Marathon Petroleum, Phillips 66, and Valero Energy were hit hard among the selloff in energy shares today. Over the last two weeks though, they have been reporting huge profits. In this latest episode of What's News in Earnings…
Why the U.S. Elections Are Hitting Oil Prices Today
Oil futures are sinking Wednesday after the Democratic sweep of Congress in the U.S. midterm elections raised market expectations for a quick settlement to the conflict in the Middle East, and eased concerns of a possible U.S. military escalation.
Oil prices drop below $100 for the first time in nearly a month
Oil prices dropped sharply on Wednesday, as European Brent crude fell below $100 per barrel for the first time since Oct. 7. The move translated to a nearly $9 drop, or a more than 8% decline. U.S. crude oil, or WTI, also slipped 8% to about $89.
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