Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Algiecel launches circular production at Novonesis site, builds microalgae oil to industrial scale
Danish microalgae ingredients firm Algiecel has opened a new production facility inside a Novonesis site in Denmark, to offer European customers a supply chain insulated from the pressures currently affecting wild-catch sourcing.
Live: Oil prices on the rise as energy supply concerns continue
ASX SPI 200 futures: +0.1% to 8,812 points Australian dollar: flat at 69.58 US cents Wall Street: S&P 500 -0.1%, Dow +0.4%, Nasdaq -0.4% Europe: Dax +0.8%, FTSE +1%, Eurostoxx50 +0.7% Spot gold: -0.5% to $US4,171/ounce Oil: Brent futures +1.2% to…
Energy Stocks Rise as Global Conflicts Push Up Oil Prices
Energy stocks and oil prices rose after continued attacks in both Ukraine and the Middle East complicated President Trump's recent efforts to lower fuel costs. Major indexes ended mixed. The Dow Jones Industrial Average rose 195.60 points, or…
Oil Futures Decline on Possible Technical Correction
0021 GMT — Oil futures decline on a possible technical correction after solid gains overnight. However, downward pressure on the futures is likely to be tempered by ongoing tensions in the Middle East. “Tensions were heightened as…
Bacon: Trump oil deal with Putin 'morally wrong'
Rep. Don Bacon (R-Neb.) slammed President Trump's diesel deal with Russia, a move that comes amid energy cost increases in the U.S. “70% of Americans support Ukraine. Propping up Putin's war economy is morally wrong as he uses that money to…
Heating oil customers face tough winter despite shake-up promise
Heating oil customers facing soaring bills have been promised better regulation of the sector by the government. Ministers say they will tighten up rules, promote competition and give customers clearer compensation routes if things go wrong.
Futures Flat As Oil Rebounds After Trump's 'Energy Ceasefire' Unravels, Memory Stocks Slide
US futures are flat, with S&P contracts clinging to small gains and the Nasdaq slipping into the red as memory stocks slide, after a weekend of contradictory geopolitical headlines whipsawed oil (see below). As of 8:00am ET, S&P futures were 0.1%…
Trump's Oil Deal Needs the Houthis to Behave
John Authers & Richard Abbey, Columnists To get John Authers' newsletter delivered directly to your inbox, sign up here. The Houthi attacks on Saudi Arabia's airports are only the latest catalyst driving oil prices higher. Brent crude first-month…
Nasdaq ends lower as oil prices surge ahead of earnings, economic data
The Nasdaq composite closed lower on Monday as oil prices jumped nearly US$2 a barrelafter attacks on a Saudi airport, and investors waited for banks to kick off the third-quarter earnings season and for economic data this week. SCROLL TO CONTINUE…
Oil prices spike after Houthi attacks on Saudi airports
Oil prices rose on Monday, after the Iran-backed Houthis launched attacks on two airports in Saudi Arabia over the weekend. Brent crude, the international benchmark, closed at nearly $106 per barrel as of late Monay afternoon, up roughly $1.20 from…
Cuba forges ahead with renewable energy plans amid US oil blockade
The Cuban government is pushing ahead with its plans to transition to renewable energy, amid a de facto oil blockade from the United States that has strangled the island's economy. In an interview with the Reuters news agency on Monday, Cuban…
Commodities: Middle East Conflict Keeps Oil Well Supported
The weakness in the oil market following President Trump's announcement of an energy ceasefire between Russia and Ukraine was short-lived. The European natural gas market continues to see stronger prices. Front-month TTF futures settling above…
Oil Climbs as Fighting Flares in Middle East, Ukraine
This is an edition of the Markets P.M. newsletter, a recap of the day's most important markets moves, delivered after the closing bell. If you're not subscribed, sign up here. Oil rose. Brent crude futures climbed 1.8% to cross $106 a barrel.
Oil company wins tenders in Channel Country with supply to stay in Australia
An Australian oil company has won tenders to explore for more oil and gas in the Channel Country. Bridgeport Energy has been allocated 270,000 hectares of land with new supply to stay within the domestic market. Traditional owners and graziers want…
Stocks up ahead of US earnings data but oil prices stays high
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 a strong start to the week on Monday…
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