Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Watt outlines 'number of issues' with Crisafulli's oil industry plan
The Crisafulli government wants to fast-track the development of an oil field in Queensland through a mechanism that doesn't exist under new environment laws, according to a stinging letter sent to the premier from federal cabinet minister Murray…
Oil prices spike again following latest standoff in the Strait of Hormuz
NEW YORK (AP) — Oil prices rose in early trading Sunday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies. The price of U.S. crude…
Oil prices jump as Strait of Hormuz tensions escalate
Peter Hoskins Business reporter Global oil prices jumped in Monday morning trade in Asia as tensions rose between the US and Iran over the Strait of Hormuz waterway. Brent crude futures were up by 6.4% at $96.13 (£71.27), while West Texas…
Oil prices jump as Strait of Hormuz tensions escalate
Global oil prices jumped in Monday morning trade in Asia as tensions rose between the US and Iran over the Strait of Hormuz waterway. Brent crude futures were up by 6.4% at $96.13 (£71.27), while West Texas Intermediate was 7.5% higher at…
US Futures Fall, Oil Jumps as Iran Tensions Worsen: Markets Wrap
US equity-index futures slipped, oil jumped and the dollar rose as risk sentiment soured following a renewed flare-up in US-Iran tensions over the weekend and a continued standoff in the Strait of Hormuz. S&P 500 futures fell 0.7% after the…
Oil prices climb as US-Iran peace talks stall
The price of oil surged on Sunday after a second round of peace talks between the US and Iran appeared on the verge of collapse before they even began. Brent crude oil futures rose by 7% when the markets opened at 6 p.m. in New York, opening at $97…
Strait of Hormuz standoff sends oil prices surging
Oil prices surged more than 6 percent in early trading Sunday as Iran's reversal on reopening the Strait of Hormuz intensified a global energy crisis — and then escalated further after the U.S. seized an Iranian-flagged cargo ship attempting…
Oil Climbs on Renewed Tensions Over Strait of Hormuz
2336 GMT — Oil climbs in early Asian trade on renewed tensions over the Strait of Hormuz. The U.S. fired upon, boarded and seized an Iranian-flagged vessel on Sunday that was heading toward the Iranian port of Bandar Abbas when it was…
Oil claws back losses as Strait of Hormuz is closed again
Oil prices rebounded more than 6 percent on Monday after tumbling more than 9 percent on Friday on news the Strait of Hormuz is closed again after both the U.S. and Iran said the other party had violated their ceasefire deal by attacking…
Oil prices jump, markets shake amid US-Iran ceasefire uncertainty
Global energy prices surged on Monday as the Islamic Revolutionary Guard Corps announced the imminent closure of the Strait of Hormuz, citing a failure by the United States to adhere to ceasefire conditions. Monday morning saw Brent Crude rising by…
Indian Stocks' Rally Faces Test as Oil Jumps on Renewed US-Iran Tensions
This article is for subscribers only. I'm Alex Gabriel Simon with a quick pulse check as markets begin a new week. We've swung dramatically from hope to fear yet again on the Middle East conflict since late last week, and energy markets have…
Oil Prices Jump on Confusion Over the Status of the Hormuz
Oil prices opened sharply higher Sunday evening in New York to climb back near $90 a barrel following two days of confusion over whether the Strait of Hormuz is actually open to shipping traffic and President Trump's call for a new round of peace…
Oil prices jump amid renewed tensions over the Strait of Hormuz
The price of oil jumped sharply and stock futures tumbled Sunday evening as traders digested renewed tensions between the U.S. and Iran over the critical Strait of Hormuz. U.S. crude oil jumped more than 7%, to about $90 per barrel, and…
Former minister Catherine McKenna blasts the heads of Canadian oil companies
Email Address: I agree to the Terms and Conditions, Cookie and Privacy Policies, and CASL agreement. Already have an account? Log in here - To continue reading, please subscribe: Enjoy unlimited reading on winnipegfreepress.com Read the E-Edition…
Watch Oil and Gas Prices Surge After US Seizes Iranian Ship
Oil and Gas Prices Surge After US Seizes Iranian Ship President Donald Trump has said the US Navy fired upon and seized an Iranian-flagged cargo ship in the Gulf of Oman after it failed to heed warnings to stop as it left the Strait of Hormuz.
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