Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Algiecel launches circular production at Novonesis site, builds microalgae oil to industrial scale
Danish microalgae ingredients firm Algiecel has opened a new production facility inside a Novonesis site in Denmark, to offer European customers a supply chain insulated from the pressures currently affecting wild-catch sourcing.
Live: Oil prices on the rise as energy supply concerns continue
ASX SPI 200 futures: +0.1% to 8,812 points Australian dollar: flat at 69.58 US cents Wall Street: S&P 500 -0.1%, Dow +0.4%, Nasdaq -0.4% Europe: Dax +0.8%, FTSE +1%, Eurostoxx50 +0.7% Spot gold: -0.5% to $US4,171/ounce Oil: Brent futures +1.2% to…
Energy Stocks Rise as Global Conflicts Push Up Oil Prices
Energy stocks and oil prices rose after continued attacks in both Ukraine and the Middle East complicated President Trump's recent efforts to lower fuel costs. Major indexes ended mixed. The Dow Jones Industrial Average rose 195.60 points, or…
Bacon: Trump oil deal with Putin 'morally wrong'
Rep. Don Bacon (R-Neb.) slammed President Trump's diesel deal with Russia, a move that comes amid energy cost increases in the U.S. “70% of Americans support Ukraine. Propping up Putin's war economy is morally wrong as he uses that money to…
Heating oil customers face tough winter despite shake-up promise
Heating oil customers facing soaring bills have been promised better regulation of the sector by the government. Ministers say they will tighten up rules, promote competition and give customers clearer compensation routes if things go wrong.
Futures Flat As Oil Rebounds After Trump's 'Energy Ceasefire' Unravels, Memory Stocks Slide
US futures are flat, with S&P contracts clinging to small gains and the Nasdaq slipping into the red as memory stocks slide, after a weekend of contradictory geopolitical headlines whipsawed oil (see below). As of 8:00am ET, S&P futures were 0.1%…
Oil falls after Trump declares 'energy ceasefire' between Russia and Ukraine
President Donald Trump said that Russia and Ukraine will not be targeting each other's energy facilities. Al Jazeera reported that Iran was ready to provide assistance to help with the start of dialogue between Saudi Arabia and Yemen's Houthis. Oil…
Oil prices spike after Houthi attacks on Saudi airports
Oil prices rose on Monday, after the Iran-backed Houthis launched attacks on two airports in Saudi Arabia over the weekend. Brent crude, the international benchmark, closed at nearly $106 per barrel as of late Monay afternoon, up roughly $1.20 from…
Cuba forges ahead with renewable energy plans amid US oil blockade
The Cuban government is pushing ahead with its plans to transition to renewable energy, amid a de facto oil blockade from the United States that has strangled the island's economy. In an interview with the Reuters news agency on Monday, Cuban…
Nasdaq ends lower as oil prices surge ahead of earnings, economic data
The Nasdaq composite closed lower on Monday as oil prices jumped nearly US$2 a barrelafter attacks on a Saudi airport, and investors waited for banks to kick off the third-quarter earnings season and for economic data this week. SCROLL TO CONTINUE…
Oil Climbs as Fighting Flares in Middle East, Ukraine
This is an edition of the Markets P.M. newsletter, a recap of the day's most important markets moves, delivered after the closing bell. If you're not subscribed, sign up here. Oil rose. Brent crude futures climbed 1.8% to cross $106 a barrel.
Oil company wins tenders in Channel Country with supply to stay in Australia
An Australian oil company has won tenders to explore for more oil and gas in the Channel Country. Bridgeport Energy has been allocated 270,000 hectares of land with new supply to stay within the domestic market. Traditional owners and graziers want…
Stocks up ahead of US earnings data but oil prices stays high
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 made a strong start to the week on Monday…
Oil analyst 'skeptical' that Trump's diesel deal with Russia will lower prices
Oil analyst Patrick De Haan said Monday that President Trump's deal with Russia to supply the U.S. and global markets with diesel fuel may not lower fuel prices. “On the policy front, the Trump administration's proposed diesel deal raises…
Rural West communities struggle as price of heating oil rises
As the temperature drops, some of us will start putting the heating on but for the one-and-a-half million people across the UK that are not on the mains gas network - and who are relying instead on heating oil - that decision may give them pause.
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