Oil Industry News
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Daily on Energy: Oil price relief, demand destruction, and an effort to speed nuclear
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…
Fish oil omega-3: Industry tackles supply chain uncertainty and cost pressures
From locking in fish oil supply to confronting ingredient commodization and counterfeits, dietary supplement brands in the omega-3 space addressing the pain points impacting the industry.
$30m an hour: big oil reaping huge war windfall from consumers, analysis finds
The world's top 100 oil and gas companies banked more than $30m every hour in unearned profit in the first month of the US-Israeli war in Iran, according to exclusive analysis for the Guardian. Saudi Aramco, Gazprom and ExxonMobil are among the…
Oil futures hold to tight range as hopes of peace deal between U.S. and Iran grow
Oil prices are mixed on Thursday as investors continue to hope for the U.S. and Iran to reach a deal to end the war. West Texas Intermediate CL.1 CLK26, the U.S. benchmark declined by 0.3% to $91.01 a barrel, while Brent crude BRN00 BRNM26, the…
'Aberdeen should be booming' says Trump, as he pushes for more North Sea oil
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. US president Donald Trump has said “ Aberdeen…
Russia vows to keep sending oil to crisis-hit nation
Russia has pledged to continue its vital oil supplies to Cuba, Foreign Minister Sergei Lavrov confirmed on Wednesday, following a recent delivery of approximately 700,000 barrels of crude to the fuel-starved Caribbean nation. The commitment comes…
Warning oil prices may never truly go back to 'normal'
The fallout from war between the United States, Israel and Iran has dominated global oil markets. And not just because the Strait of Hormuz, which normally carries about 20% of global oil and gas, remains effectively closed to shipping traffic.
UK Tax Office Opposes Oil Firm Waldorf's Debt Plan in Court
The UK tax office is urging a London court to reject Waldorf Production UK Plc 's latest restructuring plan, arguing the proposal would wipe out the oil and gas company's £69.8 million ($94.6 million) in unpaid windfall tax liabilities while…
Stocks rise, oil falls, on fresh Middle East hope
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. European stocks advanced on Tuesday, and the oil price…
Vietnam Zeros Out Fuel Taxes Amid Surging Oil Prices -- OPIS
Vietnam will reduce fuel taxes to 0% under a resolution effective from April 16 till June 30, according to an official document released by the National Assembly. Resolution No. 19/2026/QH16, which was adopted on Sunday, is aimed at mitigating…
Watch Iran War: Oil Market Taking 'Some Comfort' From Potential Talks, Analyst Says
Oil Market Taking 'Some Comfort' From Potential Talks, Analyst Says Emily Ashford, head of energy research at Standard Chartered, discusses the outlook for oil prices as Strait of Hormuz remains largely closed and traders take stock of moves to…
Oil tankers transiting Strait of Hormuz since start of Iran war
The U.S. blockade on vessels entering or leaving Iranian ports adds to uncertainty over shipping through the Strait of Hormuz, which has been all-but-shut since the start of the Iran war. SCROLL TO CONTINUE WITH CONTENT Ordinarily, roughly one…
Bernie Sanders balks at Trump's economic adviser's take on rising oil prices
Sen. Bernie Sanders has reacted with dismay to National Economic Council Director Kevin Hassett 's optimistic view on rising oil prices, saying simply: “God help us all.” “Imagine if oil prices start going back down because the…
'Aberdeen should be booming' says Trump, as he pushes for more North Sea oil
US president Donald Trump has said “ Aberdeen should be booming” as he said the UK Government is “absolutely crazy” not to boost oil and gas extraction in the North Sea. Mr Trump took to his Truth Social page on Tuesday…
Trump renews criticism of UK, saying it should 'drill, baby, drill' for North Sea oil
Trump has called on the U.K. to expand North Sea oil production, reviving his “drill, baby, drill” message. His comments come as the U.K. government says the Iran war energy shock shows the need “to get off the fossil fuel…
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