Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Pacific Coast Energy Starts Work to Revive Venezuela Oil Fields
Pacific Coast Energy Co., a California-based oil producer, started work in Venezuela and plans to double its output there within six months to 40,000 barrels a day. The company began operations during the third quarter in the Delta and Cabimas…
Oil and gas business hit with £300,000 fine after breaching offshore regulations
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. An oil and gas company has been fined £300,000 for…
Shell Sees Strong Oil and Gas Trading as War Drives Price Swings
Shell Plc expects to report strong results from oil trading in the third quarter as a squeeze on global fuel supplies drives refining margins to a record. The London-based energy giant said oil trading was in line with the robust results of the…
El Sayed is prescribing snake oil as medicine. Voters are swallowing it
More perplexing is the apparent reluctance of interviewers to ask el Sayed to show his work. A Senate candidate should be expected to demonstrate at least a basic understanding of the federal budget and the policymaking processes surrounding…
Trafigura Buys Seven Oil Tankers From SFL as Shipping Costs Rise
Trafigura Group bought seven oil tankers from New York-listed SFL Corp., in the latest example of how trading houses and state energy companies are acquiring vessels to ship crude and products. Disruptions to shipping through the Strait of Hormuz…
Stocks Futures Steady as Bond Selloff Extends, Oil Prices Rise
Nasdaq and S&P 500 futures were little moved in early European trade after the indexes surged to records in the last session, as still-higher Treasury yields and a fresh jump in oil prices failed to knock U.S. stock market exuberance. The…
Oil giant may stop UK investment if North Sea drilling is denied
Norwegian state energy firm Equinor could withhold future UK funding if the government fails to sanction new oil and gas extraction in the North Sea. Anders Opedal, chief executive of the company, indicated that alternative markets would be…
Oil prices increase on renewed attacks in Middle East - TT
Crude oil prices rebounded, running $55 more than a barrel cost at this time last year. U.S. futures are retreating and bond yields are climbing again. The Fed releases the minutes from its September meeting, which may provide clues about where the…
Kalshi Files Proposal for Never-Expiring Oil Contract With CFTC
Kalshi Inc. has filed a proposal for an oil-linked futures contract that never expires with the Commodity Futures Trading Commission, according to the company. If approved, the contract, tied to the West Texas Intermediate benchmark, would be the…
UK risks being 'uninvestable' if new oil and gas fields not approved, warns Equinor
Oil giant Equinor has warned it may shun further investments in the UK if new oil and gas fields at Rosebank and Jackdaw are not approved. 'The question will be: is the UK investable in the future? I hope it will not come to that,' said Anders…
Lower oil boosts FTSE 100 but defence stocks lag
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 in London made progress on Tuesday, supported by…
Syria Set to Emerge as Hormuz-Bypass Option for Iraq's Crude Oil
Syria is set to provide a route for Iraqi crude exports to avoid the hazardous Strait of Hormuz, with a stream of trucks being lined up to haul oil overland to a port on the Mediterranean Sea. The Iraqi government asked Syria to help with the…
Stocks Are Due for a 'Gut Check' From Rates, Oil and the Dollar
This article is for subscribers only. US stocks just notched their first record since August. But to Jim Paulsen, the pressure from $100 oil, 5% Treasury yields and an elevated dollar is yet to be felt in a major way. Paulsen, a 40-year-plus…
Current price of oil as of Oct. 7, 2026
Oil and gas business hit with £300,000 fine after breaching offshore regulations
An oil and gas company has been fined £300,000 for breaching offshore rules in the North Sea. Canadian Natural Resources (CNR) International breached vent consent on its Ninian fields in the Northern North Sea, around 100 miles north-east of…
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