Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

gazette.com - Antonio Olivero - Dan Haley on the role of oil and gas in Colorado's energy future | The OpEdge Podcast
Dan Haley on the role of oil and gas in Colorado's energy future | The OpEdge Podcast
The Gazette

Dan Haley, executive director of Coloradans for Responsible Energy Development, joins The OpEdge to discuss the role of oil and natural gas in Colorado's energy future amid the state's aggressive push toward “net zero.” Haley tells…

wsj.com - Oil Falls Amid Hopes for Reopening of Strait of Hormuz
Oil Falls Amid Hopes for Reopening of Strait of Hormuz
Wall Street Journal

2343 GMT — Oil falls in early Asian trade amid hopes for a reopening of the Strait of Hormuz, a key waterway through which one-fifth of the world's oil is transported. Oman and Iran said their foreign ministers discussed an agreement to…

yahoo.com - By Mike Dolan - Morning Bid: Falling oil calms nervy markets
Morning Bid: Falling oil calms nervy markets
Yahoo!

Aug 26, LONDON (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets While the continuing retreat of world oil prices on Wednesday is something of a puzzle given the bellicose rhetoric from…

yahoo.com - By Georgina McCartney - Oil slips as investors focus on Hormuz talks
Oil slips as investors focus on Hormuz talks
Yahoo!

HOUSTON, Aug 26 (Reuters) - Oil prices fell on Wednesday, as investors monitored talks between Iran and Oman on the Strait of Hormuz and a smaller-than-expected rise ‌in U.S. crude stocks curbed losses. Brent crude futures were down 71…

thehill.com - Brad Schaeffer, opinion contributor - Global oil traffic shifts toward the US amid Iran war disruptions
Global oil traffic shifts toward the US amid Iran war disruptions
The Hill

Wars have a way of rearranging the economic map along with the military one. One of the more consequential effects of the Iran war is already playing out on the world's oceans. Global oil traffic is shifting away from the Middle East and toward the…

bloomberg.com - Ukraine Says It Hit Major Oil Refinery in Russia's Volga Region
Ukraine Says It Hit Major Oil Refinery in Russia's Volga Region
Bloomberg

Ukraine said its forces attacked a major refinery in the Volga region, the latest in a flurry of strikes on Russia's oil-processing industry. The attack caused a fire at the plant near Nizhny Novgorod, Ukraine's General Staff said in a Telegram…

bbc.co.uk - John Campbell - Fuel costs: £100 heating oil payments to start in September
Fuel costs: £100 heating oil payments to start in September
BBC

Economics and business editor, BBC News NI A Stormont scheme which will give eligible households a £100 voucher towards home heating oil costs will open for applications next month. Around 340,000 lower-income households are expected to…

bbc.co.uk - John Campbell - Fuel costs: £100 heating oil payments to start in September
Fuel costs: £100 heating oil payments to start in September
BBC

A Stormont scheme which will give eligible households a £100 voucher towards home heating oil costs will open for applications next month. Around 340,000 lower-income households are expected to qualify for the payment which was first…

bloomberg.com - Julian Lee - Satellites Show Saudi Arabia Loading More Oil in Persian Gulf
Satellites Show Saudi Arabia Loading More Oil in Persian Gulf
Bloomberg

Saudi Arabia's oil loadings inside the Persian Gulf appear to be rising sharply, the latest sign the kingdom is reorienting shipments in the face of a threat from Yemen's Houthi militants to its Red Sea exports. On Tuesday, about 7 million barrels…

ttnews.com - Yuri Kageyama and Michelle Chapman - Oil prices decline on continuing tension with Iran - TT
Oil prices decline on continuing tension with Iran - TT
Transport Topics

A driver refuels a vehicle in San Marcos, Texas. (Joel Angel Juarez/Bloomberg) The oil market is down as tensions have grown after the Trump administration announced new sanctions this week aimed at inflicting more pain on Iran's economy. U.S.

bloomberg.com - Kanoko Matsuyama - Oil Edges Lower as Traders Weigh Hormuz Talks, Russia Risk
Oil Edges Lower as Traders Weigh Hormuz Talks, Russia Risk
Bloomberg

Oil edged lower after a choppy session in which traders weighed diplomatic progress in the Middle East against rising Russia-Ukraine tensions. West Texas Intermediate traded below $82 a barrel, taking this week's drop to about 6%, while Brent…

nbcnews.com - Oil prices tumble amid renewed optimism over the Strait of Hormuz
Oil prices tumble amid renewed optimism over the Strait of Hormuz
NBC News

Oil prices tumbled Wednesday for the third straight day, as a flurry of headlines from the Middle East sparked renewed optimism in global markets. As of early Wednesday morning, U.S. crude oil had fallen more than 1.5% to around $81 per barrel and…

seekingalpha.com - Elliott Gue - SM Energy: Tailwinds From Fading Hedge Drag And Strong Oil Leverage (NYSE:SM)
SM Energy: Tailwinds From Fading Hedge Drag And Strong Oil Leverage (NYSE:SM)
Seeking Alpha

SM Energy is rated a strong buy with a $59/share target, implying ~65% upside, based on discounted free cash flow modeling. The transformative Civitas acquisition more than doubled SM's acreage and production, but integration costs and assumed debt…

mirror.co.uk - Faith Richardson - 'Non-greasy' Olaplex hair oil worth £56 that 'makes a difference' is now £39
'Non-greasy' Olaplex hair oil worth £56 that 'makes a difference' is now £39
Daily Mirror

Glass hair is having a major moment, and is set to be one of autumn's top hair trends. Inspired by the Korean glass skin trend and the perfect antidote to autumn's dry, dull weather – which usually leaves our hair and skin equally dull and…

wsj.com - Caitlin McCabe - Why Oil Prices Are Down 10% This Week
Why Oil Prices Are Down 10% This Week
Wall Street Journal

Oil prices have gotten quite a bit of relief this week, with Brent crude futures dropping 10% in just three days. That's a notable move, even in a year filled with violent swings. Even more notable: It's occurred while very little has changed in…

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