Oil Industry News
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Daily on Energy: Oil price relief, demand destruction, and an effort to speed nuclear
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…
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…
Fish oil omega-3: Industry tackles supply chain uncertainty and cost pressures
From locking in fish oil supply to confronting ingredient commodization and counterfeits, dietary supplement brands in the omega-3 space addressing the pain points impacting the industry.
Oil prices high but markets rally on renewed hopes for peace talks | CNN Business
Economist Mohamed El-Erian tells Becky Anderson that stock markets currently appear unfazed, but oil prices remain elevated, highlighting a growing disconnect between Wall Street and Main Street.
U.S. Crude Oil Stockpiles Decline as Exports Rise
Commercial crude oil stocks excluding the Strategic Petroleum Reserve were down by 913,000 barrels at 463.8 million barrels in the week ended April 10 and were about 1% above the five-year average for the time of year, the EIA said. Analysts…
US officials claim China is 'hoarding' oil. What does the data say?
Though high-level officials in Washington have accused China of undermining global energy security by “hoarding” oil during the US-Israeli war on Iran, import and inventory data suggest Beijing is facing its own supply pressures as…
Trump moans about Starmer not drilling for oil - but not for reason you think
Donald Trump keeps attacking the UK for not drilling for oil in the North Sea - but not for the reason you think. Today he renewed his complaints about the UK's decision not to grant new licences for drilling off the coast of Scotland. He told Fox…
Oil futures hold to tight range as hopes of peace deal between U.S. and Iran grow
Oil prices are mixed on Thursday as investors continue to hope for the U.S. and Iran to reach a deal to end the war. West Texas Intermediate CL.1 CLK26, the U.S. benchmark declined by 0.3% to $91.01 a barrel, while Brent crude BRN00 BRNM26, the…
$30m an hour: big oil reaping huge war windfall from consumers, analysis finds
The world's top 100 oil and gas companies banked 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. Saudi Aramco, Gazprom and ExxonMobil are among the…
'Aberdeen should be booming' says Trump, as he pushes for more North Sea oil
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. US president Donald Trump has said “ Aberdeen…
Trump says he thought oil prices would be 'much worse' amid Iran war
President Trump on Tuesday doubled down on the fact that he thought oil prices would be “much worse” than they are now amid the Iran war. “I mean, honestly, I thought there'd be much worse. And I was willing to do that to stop…
Oil tankers transiting Strait of Hormuz since start of Iran war
The U.S. blockade on vessels entering or leaving Iranian ports adds to uncertainty over shipping through the Strait of Hormuz, which has been all-but-shut since the start of the Iran war. SCROLL TO CONTINUE WITH CONTENT Ordinarily, roughly one…
Warning oil prices may never truly go back to 'normal'
The fallout from war between the United States, Israel and Iran has dominated global oil markets. And not just because the Strait of Hormuz, which normally carries about 20% of global oil and gas, remains effectively closed to shipping traffic.
Russia vows to keep sending oil to crisis-hit nation
Russia has pledged to continue its vital oil supplies to Cuba, Foreign Minister Sergei Lavrov confirmed on Wednesday, following a recent delivery of approximately 700,000 barrels of crude to the fuel-starved Caribbean nation. The commitment comes…
UK Tax Office Opposes Oil Firm Waldorf's Debt Plan in Court
The UK tax office is urging a London court to reject Waldorf Production UK Plc 's latest restructuring plan, arguing the proposal would wipe out the oil and gas company's £69.8 million ($94.6 million) in unpaid windfall tax liabilities while…
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