Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Down With Oil Futures on Peace Hopes -- Energy Roundup
Shares of energy companies slipped alongside oil futures amid hopes for negotiations between the U.S. and Iran. West Texas Intermediate crude declined 2.2% to $90.32 a barrel after reports that mediators from Egypt, Pakistan and elsewhere were…
Watch Interior Secretary Burgum address oil industry as Trump hints at negotiated end to Iran war
[This stream is slated to begin at 9:40 a.m. ET] HOUSTON — Interior Secretary Doug Burgum will address oil and gas executives on Wednesday, as President Donald Trump has suggested a possible negotiated end to the U.S. war against Iran.
Exclusive: Oil magnate's Venezuela detainment spooks industry
Oil tycoon Wilmer Ruperti showed up for a meeting with Venezuela's intelligence agency last Thursday. A week later, he's still in custody, one of his lawyers told Semafor. “We've reached out to everybody trying to get proof of life or some…
Can China's EV industry benefit from the global oil crisis? | CNN Business
The United States and Israel's war with Iran has sent fuel prices skyrocketing. Stephanie Yang reports this is also sparking interest in clean energy and could give China's EV makers a much-needed boost.
The oil shock is accelerating Asia's EV revolution
When a supply shock hits a product for which there's no alternative — toilet paper during COVID-19, for instance — there's not much people can do except deal with it. If a ready substitute is waiting in the wings, the outcome can be…
Daily on Energy: E15 waiver, oil and gas Iran fears, and a data center ban
Meanwhile, permitting talks are in full swing – keep reading to learn about the latest efforts from Democrats in the Senate. ⬇️ Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie…
BlackRock CEO predicting 'global recession' if oil hits $150
The CEO of BlackRock warned of a “global recession” if the price of oil hits $150 a barrel amid continuing U.S.-Israeli strikes on Iran. In a Wednesday episode of BBC's “Big Boss Interview” podcast, Larry Fink said it's…
The Iran war and China's 'petroyuan': a new era for global oil markets?
The US-Israeli war in Iran could weaken the US dollar's historic dominance in the oil-rich Middle East and bolster a “petroyuan” alternative backed by China's currency, according to analysts at a leading European bank. Fallout from…
Oil Wars: Speeding The Transition to Renewable Energy
One simple observation since the US-Israel attack on Iran on February 28 is that solar panel prices have not risen, staying at around $300 for an off-the-shelf, 400-watt commercial panel (7 cents/W for an industrial solar cell). But oil prices have…
Rescue effort for oil-covered swans at Cleethorpes Country Park
Rescuers say they will continue to try and capture a pair of swans that have been covered in oil at a beauty spot. Members of Cleethorpes Wildlife Rescue have been attending the town's Country Park this week after reports of pollution in the water…
California sues over Trump administration bid to restart offshore oil operation
California on Monday sued the Trump administration to block it from using a Cold War-era national emergency law ordering Sable Offshore to restart its offshore oil operation to link to refineries in the Golden State. Attorney General Rob Bonta (D)…
Oil giants raise the alarm over energy shortages as Iran war drags on
Shell CEO Wael Sawan warns Europe will be next to face an energy supply crunch. TotalEnergies CEO Patrick Pouyanné says the current oil products market is 'dislocated.' Enquest CEO Amjad Bseisu also expressed his concern over what comes next…
Wall Street undercuts Trump with recession warning as oil prices spike
Wall Street has undercut the Trump administration with a stark new warning that surging oil prices could tip the US into recession. Before the war began, investment firm Moody's said that job losses and weakening GDP meant there was a 49 percent…
2 Predictions For Oil Stocks in April
Investor sentiment toward oil stocks is swinging dramatically amid events unfolding in the Middle East. That makes complete sense, given the scale of the geopolitical conflict in the region and its impact on global oil and natural gas supplies.
Venezuela oil reserves both entice and repel energy giants
Mike Wirth, the CEO of Chevron -- the only international company to operate in Venezuela in recent years -- said at the CERAWeek energy conference in Houston this week: 'We're seeing signs of progress.' 'There's still things that I think need to…
Receive a Daily briefing on Oil Industry News
Get Started