Oil Industry News
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Energy Up With Oil Futures -- Energy Roundup
Shares of energy companies rose alongside oil futures, despite an optimistic outlook for peace negotiations from President Trump. Oil futures rose 4.8% to $92.35 a barrel in New York. Globally traded Brent crude rose 4.6% to $104.49 a barrel.
Green energy boss backs more North Sea oil and gas production
The head of the UK's national green energy champion has joined other high-profile renewable energy leaders in making the case for more North Sea oil and gas production as the government braces for an energy cost crisis. GB Energy boss Jürgen…
Tourmaline Oil Corp. stock rises Tuesday, outperforms market
Shares of Tourmaline Oil Corp. TOU rose 1.85% to C$69.31 Tuesday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.18% to 31,941.59. Tourmaline Oil Corp. closed…
Machado Wants Venezuela's Oil-and-Gas Sector to Go 'Fully Private
Venezuelan opposition leader María Corina Machado received a rousing standing ovation during her appearance at a major energy and mining conference in Houston on Tuesday evening, where she promised gathered executives a fully privatized…
Oil Climbs on Escalation Fears, Trump Delays Energy Strikes, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Consumer Cos Down as Oil Rebounds -- Consumer Roundup
Consumer companies fell as oil futures rebounded. U.S. home prices were little changed from a month earlier in February, Redfin, slowing to the most meager pace of increase in seven months. Discounter Dollar General named Ahold Delhaize veteran…
Hunt for 'blood oil inside traders' who made millions from Trump energy strikes halt
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Financial authorities were under pressure to…
United CEO preparing for $100+ oil into next year
The CEO of United Airlines said his company is bracing for a long-term hike in fuel prices resulting from continuing military operations in the Middle East. The price of Brent crude oil has surged to over $100 a barrel following the Trump…
Sinopec to ramp up Bohai Bay shale oil as backup to sustain output
Chinese oil firm Sinopec (0386) will step up shale oil development in the Bohai Bay basin after a successful pilot project, using the resources to help sustain longer-term oil output, its chairman said. SCROLL TO CONTINUE WITH CONTENT Last year…
Oil prices rise as supply disruption persists
NEW YORK: Oil rallied on Tuesday as the biggest crude supply disruption persisted and Iran denied it held talks with the United States to end the war in the Gulf, contradicting US President Donald Trump, who said a deal could be reached soon. Brent…
EU delays proposal to permanently ban Russian oil imports
The European Commission will no longer submit a legal proposal to permanently ban Russian oil imports over Moscow's war in Ukraine on April 15 as previously planned, an updated EU legislative agenda showed on Tuesday. An EU official…
Oil majors boost FTSE 100 amid war uncertainty
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. The FTSE 100 closed higher on Tuesday, lifted by gains in…
How does the current global oil crisis compare with the 1973 oil embargo?
The United States-Israeli war on Iran has caused the biggest oil disruption in history, according to the International Energy Agency (IEA). The agency was founded in 1974 as a direct response to the 1973 oil embargo, which saw Arab nations, led by…
Miliband dismisses demands for new North Sea oil and gas drilling
Labour 's green supremo Ed Miliband last night doubled down on his refusal to boost oil and gas drilling in the North Sea despite clarion calls to end the 'sheer lunacy' ban. The Energy Secretary told Labour MPs that more drilling would make no…
China and Asian countries forced to take action on oil crunch
China's government has put a cap on fuel prices for the first time in more than a decade as the U.S.-Israeli war with Iran disrupts oil flows and rattles global markets. The move comes amid broader efforts by Asian countries to cushion the impact…
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