Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump's crooked 'art of the deal' with Big Oil
The American people have seen several big oil scandals over the last century. We have survived Teapot Dome, the collapse of Enron, windfall profiteering during the 1970s oil crisis, Exxon Valdez, Deepwater Horizon and more. But President Trump's…
Unheralded EOG: A Focused Oil Company With Clearcut Success Strategy
The stock of EOG Resources is up about 30% since the Iran war started. That's not surprising because other oil and gas companies are up like this. What is surprising is its market cap is the biggest of independents in the U.S., an unheralded…
Trump 'seriously considering' plan to make Venezuela and its $40 trillion in oil permanent part of USA
President Donald Trump is eyeing oil-rich Venezuela as a potential 51st state as officials continue to court oil companies for investments in the South American country following the U.S. intervention that removed President Nicolas Maduro from…
Asia Stocks to Gain, Oil Rises on US-Iran Deadlock: Markets Wrap
Asian stocks looked set to rise as traders stayed bullish on the AI trade even as the US and Iran failed to reach any peace deal. Oil climbed and Treasuries fell. Equity-index futures for Australia, Japan and South Korea pointed to gains at the…
Oil Market in 'Race Against Time' on Hormuz, Morgan Stanley Says
The oil market is in “a race against time” as the factors that combined to restrain price rises from the Iran war so far may no longer hold if the Strait of Hormuz stays closed into June, according to Morgan Stanley. Despite the loss…
Oil Market in 'Race Against Time' on Hormuz - TT
The Strait of Hormuz. (maps4media/Bloomberg) The oil market is in “a race against time” as the factors that combined to restrain price rises from the Iran war stand to come under strain if the Strait of Hormuz stays closed into June…
Oil Edges Higher as Markets Weigh Prolonged Hormuz Strait Closure
0015 GMT — Oil edges higher in early trade as markets weigh the prospects of a prolonged closure of the Strait of Hormuz, a waterway through which one-fifth of the world's oil is typically transported. President Trump on Monday rejected…
After 1973 Oil Shock, Stock Market Didn't Recover For 20 Years. Can that Happen Again?
After 1973's oil shock, the Dow crashed 40% and plunged into what was later dubbed a “lost decade.” Adjusted for inflation, it took the index roughly 20 years to recover. Can that happen again? The parallel is striking. The same…
US Unleashes Another Wave of Emergency Oil as Gas Prices Bite
The US Strategic Petroleum Reserve awarded 53.3 million barrels to companies including oil trader Trafigura Group and US refiner Marathon Petroleum Corp, adding to a wave of oil released to help tame surging prices stemming from the Iran war.
Trump: Iran Ceasefire on Massive Life Support, Oil Climbs, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Texas firm looking to explore oil in rural Georgia
A Texas -based oil and gas company is seeking permission to drill exploratory wells in southwest Georgia, reviving the possibility of oil production in a state where commercial extraction has never taken hold. Pilot Exploration, a Texas firm…
US Sanctions Twelve Entities For Sales of Iranian Oil to China
The US sanctioned a dozen entities for helping sell Iranian oil to China, stepping up its economic pressure as President Donald Trump cast doubt on a continued ceasefire with Tehran. The US Treasury Department on Monday blacklisted 12 firms and…
North Lincolnshire Council confirms £300 heating oil support
David McKenna East Yorkshire and Lincolnshire Hundreds of households in North Lincolnshire who rely on heating oil will receive £300 support to help with rising heating and energy costs, the district council has said. Unlike for those who use…
In double trouble: Iran's oil crisis
There are moments in history when a nation gets pushed past its limits. That is exactly what is happening to Iran right now. The lifeblood of the Iranian regime is oil, and that lifeblood is being squeezed. Iran is in trouble. Not the kind of…
Mixed day for stocks as oil prices climb amid ongoing Iran-US deadlock
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 ended Monday mixed in London while oil prices…
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