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 Up Alongside Oil Futures -- Energy Roundup
Shares of energy companies rose alongside oil futures as traders despaired of a deal between the U.S. and Iran. Violence in Lebanon continued, even as Iran warned that it considered clashes there to be violations of the cease-fire. Oil futures rose…
The Oil Signal That Could Broaden The Market Rally
(Photo by Morteza Nikoubazl/NurPhoto via Getty Images) The S&P 500 has climbed more than 15% since early April, bouncing back after a tough stretch that began with the war in the Middle East and the closure of the Strait of Hormuz. The rebound has…
Global oil stockpiles could fall to 'critical levels' by summer, IEA warns
Global oil inventories risk declining to “critical levels” before the peak summer season – and the energy crisis could drag on for months even if a deal is agreed to end the US-Israel war on Iran, according to the International…
Aberdeen South by-election: What next for oil and gas?
David Wallace Lockhart,Scotland political correspondentand As the ships at Aberdeen Harbour come and go, they pass a memorial to 103 deep sea divers who lost their lives working in the North Sea. That's where we met James, who was cleaning the…
Hostilities flare in Iran war, oil jumps with talks at a stalemate
Gulf hostilities flared anew on Wednesday, with the U.S. military saying Iranian missile attacks on Bahrain, Kuwait and other regional targets were either thwarted or failed, as diplomacy between Washington and Tehran showed little progress. SCROLL…
Ceasefire Uncertainty Remains the Biggest Driver for Oil Markets
Iran is reviewing the latest U.S. ceasefire proposal, raising hopes of a truce extension and tempering oil prices as traders weigh the risk of renewed Middle East disruptions. Ukraine's Refinery War Gives Russian Crude an Export Passport Ukraine is…
South Korea inflation tops 3% on Middle East oil shock
June 2 (Asia Today) -- South Korea's consumer price growth topped 3% in May for the first time in 26 months as a prolonged Middle East war drove up global oil prices, raising concerns that high inflation could continue through the second half of…
Miners lift FTSE 100 while oil price heads lower
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 has made steady progress, with events in the…
New Mexicans vote in gubernatorial primaries as revenue soars from oil boom
ALBUQUERQUE, N.M. (AP) — New Mexicans will choose Democratic and Republican nominees for governor Tuesday as the state grapples with high rates of violent crime, chronically underperforming schools and cuts to federal programs that are key…
Oil Prices Rise Amid Continuing Middle East Tensions
Oil prices rose in Asia on Wednesday morning, amid continuing Middle East tensions that could keep supply disruptions in the region elevated. The U.S. Central Command said in a post on its official X account that American forces successfully…
India's Oil Demand Growth Set for Pandemic Low on War Crunch
Get up to speed with key market intelligence, news and insight before trading starts each day in this fast-growing economy with the Markets Daily India newsletter. Sign up here. India's oil demand growth this year could tumble to its lowest level…
US emergency oil reserve approaching all-time low
America's emergency oil reserve is dropping toward levels not seen since the 1980s, as the United States rapidly drains its supplies to stabilize global energy markets rattled by the war with Iran. According to the latest report from the Energy…
Shell pumped oil through Nigeria pipeline for years despite pollution evidence, documents show
British multinational Shell continued operating a major oil pipeline in Nigeria for years even though it knew it was causing widespread pollution - despite a warning from its own staff and its own technical standards, internal documents obtained by…
Venezuela Oil Exports Hit 7-Year High
Venezuela's oil exports inched up from April to hit a fresh seven-year high in May as shipments to the United States and India continued to rise. Venezuela exported an estimated 1.25 million barrels per day (bpd) of oil in May, up by 0.7% compared…
There are thousands of dirty old drill sites in Colorado. The state gave oil firms a $1bn pass
When Christiaan van Woudenberg moved to Erie, Colorado, in 2007, he never imagined he would become an anti-fracking activist. He simply thought he was buying his dream home – a four-bedroom with a panoramic mountain view, 30 minutes north of…
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