Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil industry warns a diesel export ban will raise fuel prices as Trump weighs restrictions
This week, President Donald Trump indicated support for a diesel export ban. Shares of U.S. refiners fell after Politico reported that the Trump administration is preparing a plan to ban diesel exports for 90 days. But Energy Secretary Chris Wright…
Energy Shares Rise As Oil Snaps Losing Streak -- Energy Roundup
Rising oil prices buoyed energy stocks, the only sector to gain as markets worry about the inflationary impact of energy costs. U.S. crude oil stockpiles unexpectedly rose last week, as exports fell and refineries cut runs, but gasoline inventories…
Exclusive | Behind the Oil-and-Gas Industry's Blitz to Try to Defeat a Diesel Export Ban
When the oil-and-gas industry heard President Trump back the idea of a ban on diesel exports, it pulled out the bazooka. Shortly after Trump made his suggestion Tuesday, Mike Sommers, chief executive of the American Petroleum Institute, the…
Spotlight - When climate mitigation becomes 'political': The Guardian uncovers IPCC links to Saudi oil industry
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How the oil capital of the US welcomed a solar power boom
Steve Cargil's family has farmed the flat, dry land around Uvalde, a small city in southwest Texas, since 1953. Cargil, 67, had always assumed that one of his three children would eventually take it over, the way he had from his father. But that…
How the oil capital of the US welcomed a solar power boom
Nathalie Jimenez Business reporter Steve Cargil's family has farmed the flat, dry land around Uvalde, a small city in southwest Texas, since 1953. Cargil, 67, had always assumed that one of his three children would eventually take it over, the way…
Goldman Sachs' interest rate prediction hinges on oil prices
Goldman Sachs sees one more interest rate hike for 2026 at the Fed's Oct. 27 meeting, and then the Fed could be done for this cycle. However, a sustained pullback in oil prices that cools inflation is key to the two-and-done approach to rate hikes…
Is China the winner of the Iran oil crisis?
China is being quietly credited with keeping energy prices down in the wake of Donald Trumps' war with Iran, in turn helping prop up the global economy while cementing its own power on the world stage. By tapping into its huge reserves of oil…
Oil Falls on Larger-Than-Expected Build in U.S. Inventories
0109 GMT — Oil is lower in early Asian trade. Brent recovered above $100 per barrel as hopes of a near-term reopening of the Strait of Hormuz faded. However, gains were capped after a surprise build in U.S. crude oil inventories, said ANZ…
Wall Street ends down as oil prices, Treasury yields rise
Wall Street ended lower on Wednesday, pulled down by Alphabet and Amazon, as Treasury yields climbed and Iran's president said Tehran would never surrender to US pressure. SCROLL TO CONTINUE WITH CONTENT Oil prices rose almost 4% and the S&P 500…
America needs oil now: Trump is sitting on a sleeping giant in the Virgin Islands
President Donald Trump has made American energy dominance and lower costs national priorities. He recently announced an agreement giving the United States majority control over more than 65 billion barrels of Venezuela's proven crude reserves and…
The biggest short-term driver of your bond portfolio may be oil prices, an economist says
Investors worried about rising bond yields may want to spend less time watching the Federal Reserve and more time watching oil prices, according to an economist. The recent sell-off in US government bonds has become closely tied to swings in crude…
American's next oil boom is floating in thin air
A new University of Houston analysis estimates that approximately 137 billion barrels of U.S. oil are technically recoverable using carbon dioxide enhanced oil recovery, or CO2-EOR. Texas and the Gulf Coast contain more than half of the nation's…
Asian shares trade mixed as markets eye oil prices, US bonds, and currency fluctuations
Asian shares were trading mixed in early Thursday trading, as investors tried to digest the recent swings in oil prices and the U.S. bond market. Japan 's benchmark Nikkei 225 gained 1.3% in morning trading to 65,883.41, as some chipmakers got a…
U.S. Crude Oil Stockpiles Post Unexpected Build
U.S. crude oil inventories rose unexpectedly last week as refineries ran at a slower pace and net imports increased, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude oil stocks excluding the…
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