Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
JP Morgan struggling to forecast oil prices due to US-Iran war
Investment banking giant JP Morgan has said it is struggling to predict how oil prices will be impacted by the US-Iran war, telling investors in a rare note that 'we simply don't know how to model the endgame'. The bank said it 'assumed' at the…
JP Morgan struggling to forecast oil prices due to US-Iran war
Michael Race Business reporter, New York Investment banking giant JP Morgan has said it is struggling to predict how oil prices will be impacted by the US-Iran war, telling investors in a rare note that 'we simply don't know how to model the…
Trump's F-35 Bet Outsources War to Saudi Arabia as Oil Prices Soar
The White House's decision to greenlight the sale of advanced F-35 fighter jets to Saudi Arabia marks the latest example of President Donald Trump 's efforts to shift the burden of Middle East deterrence to regional partners. It's a risky bet. The…
Oil pares losses as market weighs Saudi supply concerns, Middle East tensions
Oil prices pared earlier losses on Friday as markets assessed Saudi supply alongside concerns about a widening Middle East conflict. SCROLL TO CONTINUE WITH CONTENT Brent crude futures fell by 33 cents, or 0.31 percent, to US$104.49 a barrel by…
World Running Short of Supertankers Threatens Long-Haul Oil Flow
The soaring cost of moving oil around the world is making some long-distance crude trades uneconomical, threatening to disrupt flows at a time when fuel markets have never been tighter. The jump is being driven by a shortage of available…
Inside U.S. oil's return to global wildcatting: 'It's like geo-porn'
A volcanologist working at the U.S. Geological Survey, Ezra Yacob made a career-defining leap in 2005 when he joined Houston oil producer EOG Resources and its geoscience team at the beginning of the shale revolution. “It was this real…
Europe Oil Supply Pressure Mounts After Attack Cuts Saudi Sales
Europe's oil refiners are paying eyewatering premiums for cargoes, as the shutdown of Saudi Arabia's East-West pipeline forces the region's buyers to scramble for alternatives with fuel prices soaring. Saudi Aramco has responded to the attack on…
Oil prices are high but could be much worse. Trump has China's Xi to thank for that
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Oil prices are high but could be much worse. Trump has China's Xi to thank for that
WASHINGTON (AP) — It could be much worse. When President Donald Trump launched his war against Iran in late February, energy analysts issued dire warnings that oil prices could more than double during a protracted conflict and urged…
We've been free-riding off Beijing in a weird way' - Oil prices are high but could be much worse. Trump has China's Xi to thank for that
When President Donald Trump launched his war against Iran in late February, energy analysts issued dire warnings that oil prices could more than double during a protracted conflict and urged investors and motorists to buckle up for a bumpy ride.
Voices from the Arab Press: Red lines in Syria, Azerbaijani oil, and Anwar Sadat
Okaz, Saudi Arabia, September 5 As the Quran tells us, only your Lord himself, full of majesty and honor, will remain. Nothing remains except the face of the one possessed of majesty and honor. That is the rule governing the universe. Which brings…
Ottawa's summer spending flurry offset by stronger GDP, oil revenues
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China Leverages Pressure on Iran to Stop Strikes on Saudi Oil Fields
The request from China carries a self-interest as China's oil dependencies have become problematic since the Strait of Hormuz became a point of economic friction between Iran and U.S. military forces. The Saudi East/West pipeline was also hit by…
JPMorgan abandons oil price forecast as Iran war drags on
US bank JPMorgan has said that it no longer has a clear view on the oil price as the war in the Middle East drags on with no clear end in sight. The bank's analysts have abandoned a baseline view of crude oil in what is an unusual step for a major…
Wall St mixed as benchmark Treasury yields reach 5%, oil takes a pause
NEW YORK — Wall Street was mixed on Friday as benchmark U.S. Treasury yields topped 5 percent, and crude prices reversed earlier gains but remained above $100 per barrel, keeping inflation worries front and center. Investors approached the…
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