Oil Industry News

Energy Down With Oil Futures - Energy Roundup

Shares of energy companies fell alongside oil futures, which hit their lowest level since midApril amid anticipation of a peace deal between the U.S. and Iran. Oil fell 5.6% to $88.68 a barrel in New York. Brent crude futures, the globally tracked…

Barcelona, the oil business, and sportswashing allegations in the Amazon

The River Caqueta snakes nearly 1,800 miles into the heart of the Amazon rainforest. Here, in the remote Colombian region of Putumayo, football's global reach is evident. An indigenous boy on the roadside wears a Barcelona jersey. So too does a…

The Lag Between an Iran Deal and Lower Oil Prices

This is an edition of The Atlantic Daily, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. Sign up for it here. For months, Donald Trump has been desperate for…

Consumer Cos Up as Oil Declines - Consumer Roundup

Consumer companies rallied as a plunge in oil prices eased inflation fears. Oil futures dropped more than 5% in New York, closing at their lowest level since midApril. The increase in gasoline prices to over $4.50 a gallon has weighed on…

Oil Prices Fall Sharply As Traders Eye Progress In U.S.-Iran Talks

Storage tanks at an oil refinery in Yokohama, Kanagawa prefecture, Japan. (Photo: Yuichi Yamazaki) Oil prices fell on Wednesday as traders eyed signs of progress in the latest round of talks between the U.S. and Iran. At 8:57am EDT, the Brent…

Anti-Islam candidate declares victory in GOP primary for Texas oil agency

Wright faced off against French on Tuesday in a tight runoff election after neither of the candidates was able to secure more than 50% of the vote during the March primary. At the time, Wright secured 32.1% of the vote, while French received…

Oil Prices Decline as Financial Markets Rise - TT

Fuel prices at a station in Denver. (David Zalubowski)/AP) Oil prices are still at the center of action on the financial markets. The boom in AI drove heavy buying of computer chipmakers and other technology companies after the latest rally on Wall…

Fired BP chair disputes oil company's claims of poor conduct

The ousted chair of BP, Albert Manifold, has accused the oil company of firing him without warning and disputed reports about his conduct, amid the latest boardroom turmoil to rock the company. In an emailed statement, Manifold said he was…

FTSE 100 edges up and oil sinks amid peace optimism

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 nudged higher on Wednesday and the oil price…

Oil Retreats on Hopes for Hormuz Opening

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 prices fell on a new report of progress in negotiations. Iran's…

Why Oil Prices Are Falling Today

Oil futures closed at their lowest level in more than a month amid investor hopes that the latest U.S.-Iran talks will lead to a deal to end the conflict. “This has been a stronger or longer-lasting price response to a potential deal than we…

BOJ's Ueda warns of oil shock's impact on entire inflation regime

Bank of Japan Gov. Kazuo Ueda indicated the need for vigilance over the impact of oil price spikes on the underlying inflation trend without dropping a clear hint on how that dynamic might influence the outcome at next month's policy meeting.

Rubio visit to India pushes deeper energy ties as Iran conflict rattles global oil markets

Secretary of State Marco Rubio just wrapped a four-day visit to India with a Quad meeting over the weekend. Energy security was at the forefront of discussions, alongside Indo-Pacific security, trade and supply chain resilience. The trip was…

FTSE 100 Futures Fall as Oil Drops and the Pound Rises

Live: ASX is set top open lower as price of oil drops

Skip to timeline The Australian share market is set to open lower in morning trading following mixed results from Wall Street. Meanwhile, the price of oil has dropped to $US95 a barrel. Follow the day's financial news and insights from our…