Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Iran oil waiver offers lifeline to Tehran as talks proceed
The U.S. issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal. Vice President JD Vance, attending the discussions in…
Iran rushes to woo Asia's largest oil importers after U.S. waiver
Iran is racing to court some of Asia's largest oil buyers as a 60-day U.S. sanctions waiver takes effect, a temporary lifeline that should allow Tehran to resume exports and begin clearing a backlog of cargoes on the water, even as peace talks…
North Sea Crude Weakens as Mideast Oil Floods Back to Market
Key indicators in the North Sea crude market are showing signs of weakness as a wave of Middle Eastern oil heads to Europe, fueling concerns about a supply glut following the reopening of the Strait of Hormuz. Forties crude, one of the six grades…
Oil prices hit lows not seen since early March on US-Iran peace talk progress
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. Oil prices have fallen back further towards levels seen…
Stocks hit by Fed rate reality check; oil slips
LONDON, June 23 (Reuters) - Global stocks fell on Tuesday, led by broad-based declines in technology stocks, as investors expect the Federal Reserve to take more aggressive action to tackle inflation, even after a 16% drop in oil prices…
Oil prices fall to early March levels as US-Iran peace talks progress
Oil prices have continued their descent towards levels last observed before the Iran war, following the US decision to waive sanctions on Iranian oil amidst progress in peace negotiations. Brent crude saw a nearly 2 per cent drop in morning trading…
Bloomberg Daybreak Asia: Iran Oil Waiver
Bloomberg Daybreak Asia Podcast • Browse all episodes Business and finance news from the Asia-Pacific. The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two…
Oil Prices Continue to Fall on Hopes for Iran Deal - TT
A small motorboat passes anchored vessels in the Strait of Hormuz off Bandar Abbas, Iran, on June 17. (Amirhosein Khorgooi/ISNA via AP) Oil prices continue downward trend on hopes for an end to the Iran war. Iran maintains that it has closed the…
Mixed messages on Strait of Hormuz create uncertainty for oil
Mixed messages from the U.S. and Iran on the Strait of Hormuz are injecting further uncertainty into the future of the waterway and global oil supplies. Over the weekend, the Iranian military said that it would close the strait in response to…
Iran's Race to Secure New Oil Buyers Won't Be Easy
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, Asia Oil Team Leader Serene Cheong looks at some of the hurdles Iran will face in marketing its crude. The US decision to authorize…
Swiss group supports Gulf oil and gas repairs
Before any rebuilding can begin, the Strait of Hormuz must be made safe for navigation. Sea mines need to be cleared before container ships and tankers can resume moving goods in and out of the Persian Gulf. For economist and energy market analyst…
I Cold-Called President Trump. Here's What He Told Me About an Oil Tycoon and Major Donor.
My family's morning routine is usually pretty ordinary. We wake up early, drink some coffee and get our 1-year-old ready for daycare. But one Wednesday morning last month, I found myself uttering to my wife a sentence that sounded frankly surreal…
UK's Burnham Poised for Power, Iran's Oil Waiver, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
US greenlights Iran oil sales for 60 days under MoU
The Islamic Republic has received a license to produce, deliver, and sell crude oil for the next 60 days, the US Treasury Department announced on Monday. The authorization will allow the United States to import Iranian crude oil and petroleum…
Asian Stocks Set for Gains as Oil Holds Losses: Markets Wrap
Asian stocks were set for a positive open after oil retreated on optimism about progress in peace talks between the US and Iran, offsetting weakness in Wall Street where drops in several tech giants weighed on benchmarks. Equity futures pointed to…
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