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 Stocks Sink as Oil Prices Edge Lower
Shares of Diamondback Energy tumbled 9.2%, to $192.13, while shares of EOG Resources were down 5.6%, to $145.20. Devon Energy's stock slipped 4.5%, to $49.04, and ExxonMobil's stock was off 3.1%, to $164.15. Chevron's stock fell 2.6%, to $212.06…
Harold Hamm's oil company announces Venezuela deal
Trump donor Harold Hamm's oil company Continental Resources announced a deal Wednesday to drill in Venezuela. © Ariana Cubillos, Associated Press Trump donor Harold Hamm's oil company Continental Resources announced a deal Wednesday to drill…
Stocks rally as oil price fall provides relief
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. Stocks in London rallied on Wednesday despite news of…
How escalating Saudi oil crisis could drive up prices everywhere
Ben Chu Policy and analysis correspondent, BBC Verify Global energy prices have spiked alarmingly again, driven largely in recent days by the escalating conflict between Yemen's Houthis and Saudi Arabia causing chaos for the oil industry. Petrol…
How escalating Saudi oil crisis could drive up prices everywhere
Global energy prices have spiked alarmingly again, driven largely in recent days by the escalating conflict between Yemen's Houthis and Saudi Arabia causing chaos for the oil industry. Petrol and diesel costs have risen rapidly in most countries…
Houthi attacks are driving up oil prices. For Yemenis in the crossfire, the toll is far greater
As Houthi rebels closed in, Eshraq Abdel Gelil and her husband fled their home, walking through the mountains before catching a ride to a nearby city. Four months pregnant, she feared another miscarriage. They are among more than 125,000 people who…
India faces 100% tariff threat over Russian oil after US House vote
For four years, India, one of the world's biggest oil importers, has turned Russia's war-driven disruption of global oil markets to its advantage. Russian crude, displaced from western markets after the invasion of Ukraine, has flowed instead to…
Energy disruptions set off alarm bells over rising oil and gas prices
Tom Kloza, the chief energy adviser for Gulf Oil, warned of “staggering” changes coming to prices this week, saying the Great Lakes and Rocky Mountain states in particular should expect to see “huge increases.” Diesel…
Chart Of The Day: Oil? Surging. Oil Stocks? Not So Much
Both WTI and Brent futures have surged by more than 20% in just a few weeks. But interestingly, oil stocks have been lagging behind. The MoneyShow Chart of the Day shows the one-month percentage change in WTI and Brent crude oil futures, plus the…
Trump donor Harold Hamm's oil company announces Venezuela deal
Trump donor Harold Hamm's oil company Continental Resources announced a deal Wednesday to drill in Venezuela. Continental signed a memorandum of understanding with Venezuela's state-run oil company that would allow it to operate in a 126,000…
Oil Falls Amid Hopes to Contain Mideast Crude Supply Disruption
0042 GMT — Oil is lower in early Asian trade. The softer prices likely reflect optimism about taming the effect of the deep disruption to Middle East crude-oil exports, says XS.com's Samer Hasn in a note, citing reports of Saudi Arabia…
Stocks rally as oil price fall provides relief
Stocks in London rallied on Wednesday despite news of higher inflation and an expected US rate increase, as oil prices edged lower. In London, the FTSE 100 index ended up 30.34 points, 0.3%, at 10,688.47. The FTSE 250 advanced 251.46 points, 1.1%…
Continental Resources strikes Venezuela oil development deal
Continental Resources on Wednesday announced that it reached an agreement with Venezuela's state-owned oil company to develop oil in the South American country's prolific Orinoco Belt. The memorandum of understanding with Petroleos de Venezuela…
Nymex Overview: Oil Falls Sharply After Previous Day's Rally -- OPIS
Crude oil contracts fell more than $3 around midday Wednesday, largely giving back the previous day's significant gain, driven by wider threats on Middle East shipping routes and energy infrastructure. At 12:10 p.m. ET, more-active November Nymex…
Houthi attacks are driving up oil prices. For Yemenis in the crossfire, the toll is far greater
Email Address: I consent to the Terms and Conditions, Cookie and Privacy Policies. I consent to CASL agreement. Already have an account? Log in here - To continue reading, please subscribe: One year of digital access for only $205 * Enjoy unlimited…
Receive a Daily briefing on Oil Industry News
Get Started