Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil and gas has long-term future if UK Government backs industry, report says
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 UK risks accelerating the decline of the oil and gas…
Oil price touches $100 a barrel as energy market may be past 'point of no return'
Oil has again touched $100 a barrel after fresh US strikes on Iran dashed hopes of a Middle East breakthrough, with experts saying that whatever the outcome of peace talks the global energy market may now be past the “point of no…
Oil and gas has long-term future if UK Government backs industry, report says
The UK risks accelerating the decline of the oil and gas industry despite overwhelming industry belief that the basin could still have a long-term future, a report has warned. The paper by Aberdeen and Grampian Chamber of Commerce found 93% of the…
Northern Oil & Gas Said to Near First Deal for Canadian Energy Assets
US energy firm Northern Oil & Gas Inc. is acquiring a stake in Canadian oil and gas properties, its first foray into international assets, according to people familiar with the matter. Northern will pay Parallax Energy Operating Inc. C$350 million…
Diamondback Energy (FANG) Gains from Oil Price Shocks
Yachtman Asset Management released its first-quarter 2026 investor letter for its AMG “Yacktman Focused Fund”. A copy of the letter is available to download here. The Fund returned 10.37% for the first quarter, outperforming both the…
ConocoPhillips (COP) Rallied on Rise in Oil Prices
Diamond Hill Capital, a First Eagle Investment Management company, issued its Q1 2026 investor letter for its “Large Cap Strategy”. A copy of the letter is available to download here. The Strategy declined 2.39% (net of fees)…
Once a climate leader, Canada Is doubling down on oil
Get your news from a source that's not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. This story was originally published by Grist and is reproduced here as part of the Climate Desk collaboration. Before he became prime…
Oil Prices Mixed After U.S. Strikes on Iran - TT
The Valero Port Arthur Refinery in Port Arthur, Texas. (Mark Felix/Bloomberg) Shares were mixed May 26 in Europe and Asia after the U.S. military said it carried out what it called “self-defense” strikes in southern Iran, including on…
Oil could top US$125 this summer if Hormuz stays shut, Ninety One says
Oil prices could rise above US$125(HK$952.76) a barrel this summer if the Strait of Hormuz does not reopen soon, Ninety One said, warning that the market is already short about 12 million barrels a day as peak demand season begins. SCROLL TO…
Oil prices return to 100 dollars a barrel as US carry out strikes in Iran
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. Oil prices have risen to 100 dollars a barrel…
Oil prices return to 100 dollars a barrel as hopes of Iran peace talks wane
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 risen to 100 dollars a barrel as waning…
Oil Giant BP Abruptly Ousts Chairman Manifold Over 'Conduct' - TT
Albert Manifold was appointed to the position last year. (Chris Ratcliffe/Bloomberg) BP has ousted its chairman over what it called serious concerns related to “important governance standards, oversight and conduct.” The departure was…
Oil price rises towards $100 a barrel as markets cling to US-Iran peace deal hopes - business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Global investors are clinging to hopes that a US-Iran peace deal could be close, but optimism could be waning after fresh US strikes in the…
Oil Futures Mixed as Traders Assess Middle East Developments
0014 GMT — Oil futures are mixed early Tuesday in Asia as traders assess Middle East developments. On the one hand, progress toward a U.S.-Iran deal to end the conflict between the two countries slowed Monday and a media report cited U.S.
Korea mulling timing of oil release with possible supply crisis in August: official
Korea is taking a cautious approach with the timing of its oil stockpile release under the agreement among International Energy Agency (IEA) members amid concerns there could be a global oil crisis in August, an industry ministry official said…
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