Oil Industry News
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Tories would give Aberdeen oil industry 'kiss of life' says Badenoch
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. A Scottish Conservative win in Aberdeen South…
Daily on Energy: Oil tumbling, Strait watch, and a $500M rare earths loan
Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for…
Oil Prices Might Not Go Back to Normal Anytime Soon
“Ships of the World, start your engines,” Donald Trump declared on Truth Social on Sunday. “Let the oil flow!” This was the president's way of announcing that the United States and Iran had reached an agreement to end…
Oil Futures Rise on Likely Technical Recovery
2333 GMT — Oil futures rise in early Asian trade on a likely technical recovery after futures fell for a fourth consecutive session on Tuesday. While the U.S.-Iran memorandum of understanding to end the conflict is “clearly positive…
The very future of Scotland's oil and gas industry is at stake
I have fought all kinds of elections across all parts of Scotland. And I led from the front in the two big referendums that have been put to the people of this country – over independence and EU membership. In nearly 20 years of campaigning…
No relief for oil: Why analysts say the crude market won't be back to normal for months
The war that scrambled the oil market and sent prices soaring this year is all but over. But a return to normal for crude may still be nowhere in sight, energy analysts are warning. Oil prices, which had already started to cool from their wartime…
Oil Prices Fall as Market Watches Iran Negotiations - TT
The Eneos Endeavor supertanker approaches the Eneos Corp. Negishi oil refinery in Yokohama, Japan, on June 6 after making a rare dark transit through the Strait of Hormuz in May. (Akio Kon/Bloomberg) Oil prices eased in early trading after the U.S.
Asian Stocks to Slip Ahead of Fed, Oil Steadies: Markets Wrap
Stocks in Asia looked set to snap a three-day winning streak, tracking declines on Wall Street as investors rotated out of technology shares and positioned for the first Federal Reserve policy decision under Chairman Kevin Warsh. Equity-index…
Most stocks rise, oil flat following peace deal-fuelled rally
Equities mostly rose Tuesday and oil prices held losses following the previous day's euphoric rally sparked by the US-Iran peace deal that will reopen the crucial Strait of Hormuz. Eyes are now on developments ahead of Friday's signing ceremony in…
Financials lift FTSE 100 as oil heads below 80 dollars
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 made strong progress on Tuesday as oil fell…
U.S. Futures Steady, Oil Edges Lower as Markets Stabilize
U.S. stock futures were flat and oil slipped in early European trade as investors awaited further details on terms of the U.S.- Iran peace deal. Brent crude edged 0.5% lower after falling sharply Monday, as investors weigh the plausibility of…
Trump signals he may reimpose sanctions on Russian oil as G7 refocuses on Ukraine
EVIAN-LES-BAINS, France (AP) — The United States could soon reimpose sanctions on Russian oil shipments after President Donald Trump and fellow leaders at the Group of Seven summit of major industrialized democracies moved Tuesday to put the…
The U.S. is using an Iranian smuggling tactic to sneak oil out of the Gulf
The United States military has overseen scores of secretive ship-to-ship oil transfers to keep Gulf energy exports flowing, using aerial and water drones as well as helicopters in an operation to guide convoys to awaiting tankers. SCROLL TO…
Nikkei 225 breaks 70,000 on hopes for peace and a stable supply of oil
The Nikkei 225 stock average topped 70,000 for the first time ever on Tuesday as peace negotiations advance in the Middle East and after the Bank of Japan voted to raise its benchmark rate to 1%, from 0.75%. With the U.S. and Iran reaching an…
China's Return To The Oil Market Could Boost Inflation
The U.S.-Iran agreement to reopen the Strait of Hormuz could prompt China to return to buying more crude after months of multi-year-low purchases, which could reignite inflationary pressures despite the expected ease of oil flows from the Middle…
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