Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The US Oil Industry Doesn't Want the Iran War Either
It can't be coincidental, right? In the first two months of this year, US President Donald Trump has attacked two of OPEC's 12 members, snatching Venezuelan President Nicolás Maduro in January and killing Iran's Ayatollah Ali Khamenei in…
Energy Flat With Oil Futures - Energy Roundup
Shares of energy companies were more or less flat, in line with oil futures. Oil remained under pressure due to reports that the U.S. and Iran are considering a second round of talks, spurring hopes that a temporary cease-fire could result in a…
Will gas prices continue to surge this summer? Oil industry analyst weighs in
Matt Smith, an analyst with Kpler, says a prolonged disruption could send gas prices soaring and worsen jet fuel shortages on the U.S. West Coast.
Daily on Energy: Iran and oil updates, and Maine bans data centers
Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for…
Why some investing pros think the oil shock is still a big problem for markets
The S&P 500 hit a fresh all-time high on Wednesday, with the market all but moving on from the Iran war, but some on Wall Street warn that the oil shock still looms. The stock market's record-setting rally resumed, with the S&P 500 notching its…
Watch Markets: Oil Futures Expecting Iran War Resolution, Hormuz Reopening
Oil Futures Expecting Iran War Resolution, Hormuz Reopening Oil contracts remain about a third higher than before the war with Iran but are well below peaks seen in the opening weeks of the conflict. Will Kennedy examines the oil futures curve and…
Watch Barclays Analyst Sees Extreme Pricing for Physical Oil
Barclays Analyst Sees Extreme Pricing for Physical Oil Lydia Rainforth, European energy and energy transition research head at Barclays, discusses energy markets as oil steadies on signs the US and Iran may extend a ceasefire and restart talks to…
This hidden oil price is ripping the hull out of the global economy
There are two oil markets. Your financial adviser — bless his expensive haircut — only knows about the fake one. The one your adviser knows trades at about $95. That would be the recent price of Brent crude BRN00. This is the number…
Petrobras Holders to Elect Board After War Upends Oil Market
Petroleo Brasileiro SA investors will elect a new board of directors Thursday as the state-controlled oil giant faces mounting pressure to contain surging prices from the Iran war.
China reacts to US threat against Iran oil customers
Beijing on Thursday brushed off the United States' threats of sanctions on countries that buy Iranian oil. 'China opposes illegal unilateral sanctions without authorization of the United Nations Security Council,' Foreign Ministry spokesperson Guo…
Tourmaline Oil Corp. stock rises Wednesday, outperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.21% higher to C$60.64 Wednesday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.16% to 34,155.99. Tourmaline Oil…
How big oil is cashing in on Iran war - The Latest
The world's top 100 oil and gas companies made more than $30m every hour in unearned profit in the first month of the US-Israeli war in Iran, according to exclusive analysis for the Guardian. The conflict pushed the price of oil to an average of…
Repsol Agrees on Conditions to Increase Oil Production in Venezuela
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client…
Oil Prices Steady on Hopes for Ceasefire Extension - TT
A trader on the NYSE. (Seth Wenig/AP) Wall Street ticked higher before the the opening bell April 16 while oil prices barely budged as markets assessed the prospects of a ceasefire extension in the Iran war. Futures for the S&P 500 and Dow Jones…
Oil Prices Settle Into Narrow Range
Crude has seemingly found its comfort zone. Brent crude-oil futures have settled into a narrow trading range, even as a U.S. blockade of the Strait of Hormuz enters its fourth day. Since yesterday, Brent has traded between $93.93 and $96.90 a…
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