Oil Industry News
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War Gaming The Price Of Oil
Hundreds of oil tankers remain bottled up in the Persian Gulf (at this moment). Iran's blockade of the Strait of Hormuz, long threatened, became fact with the U.S. attack on Iran. Removing approximately 10 million barrels per day caused consumers…
Onchain Perpetuals: Trade Oil, Gold And Stocks On Ostium
SEOUL, REPUBLIC OF KOREA: Gold bars are displayed at Shinhan Bank in Seoul on 09 January 2004. 'You can typically guess what the most traded assets are,' said Kaledora Kiernan-Linn, 'by looking at what's trending on Twitter.' Social feeds, more or…
Texas oil and gas industry report job gains in May
(The Center Square) – The Texas oil and natural gas industry again reported job gains in May although it was another month of job declines in the upstream sector, which includes extraction. The industry gained 4,100 jobs in May over the…
Mixed messages on Strait of Hormuz create uncertainty for oil
Mixed messages from the U.S. and Iran on the Strait of Hormuz are injecting further uncertainty into the future of the waterway and global oil supplies. Over the weekend, the Iranian military said that it would close the strait in response to…
Markets Close Mixed, US Offers Iran Oil Waiver, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Mexican leader seeks to restart oil shipments to Cuba as island's crises deepen
Mexican President Claudia Sheinbaum said on Monday that her country seeks to restart oil shipments to Cuba soon, a move that could provide much-needed relief as the island's crises deepen given a lack of petroleum. Sheinbaum said her administration…
U.S. authorizes Iranian oil sales for 60 days
U.S. crude prices fell 2.7% to about $74 per barrel after Treasury Secretary Scott Bessent announced a 60-day waiver of sanctions on the purchase of Iranian oil. NBC News' Brian Cheung reports on the oil market's reaction to the temporary sale of…
Strait Of Hormuz (Video): Adaptive Oil Market, But...
Oil prices have remained resilient near $100/barrel during the Strait of Hormuz crisis, defying projections of $150–200. Pre-crisis global inventory surpluses and strategic stock drawdowns provided critical market buffers, moderating price…
Oil Prices Dip as Iran Talks Continue - TT
More than 100 oil tankers were trapped inside the Persian Gulf prior to the signing of the interim peace deal. (Andreea Campeanu/Getty Images via Bloomberg) Oil prices fell as talks progressed over a permanent end to the Iran war. High-level…
Are oil markets too optimistic?
US vice president JD Vance exited his second day of negotiations with Iran sounding upbeat. “The final deal is the house,” he told reporters on Monday (22 June). “We set the foundation. We haven't built the house, but we've…
US Futures Slip, Oil Climbs on Renewed Iran Threat: Markets Wrap
US stock futures fell and oil climbed as talks between Washington and Tehran were clouded by a renewed threat from President Donald Trump to strike Iran. The pound slipped on speculation around Keir Starmer's future as UK prime minister. S&P 500…
Treasury Department waives Iranian oil sanctions in a step forward for talks
The Treasury Department temporarily waived sanctions on Iranian oil on Monday as part of the Trump administration's deal with Tehran to end the war in the Middle East. “In line with the ongoing productive talks in Switzerland, Iran…
Oil prices fall and stock markets rise as US-Iran peace talks progress - business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Investors are pegging hopes on to reports of progress in the US-Iran peace talks, helping ease market jitters that have weighed on stocks…
Oil prices fall as Iran claims 'great progress' in talks
Oil prices fell and stocks rose on Monday after negotiators said that “great progress” had been made in talks with Iran and the United States, despite a growing war of words between Donald Trump and Iranian officials. Brent crude…
Easing of US Oil Sanctions Opens Brief Window for Iran Imports
The 60-day reprieve of US sanctions on Iranian oil, under an interim peace deal, has reopened the US market to the Middle Eastern country's crude for the first time in 35 years. The easing of sanctions, although brief, is a step toward the return…
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