Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Rosebank: Life on the oil field at the centre of a political storm
When we landed by helicopter at Rosebank, this oil field was at the centre of a political storm - and set to be in the path of a real one. We arrived on Wednesday morning, just a few hours after the UK government had granted consent for the…
Rosebank: Life on the oil field at the centre of a political storm
Scotland editor, Rosebank oil field When we landed by helicopter at Rosebank, this oil field was at the centre of a political storm - and set to be in the path of a real one. We arrived on Wednesday morning, just a few hours after the UK government…
Live: Wall Street retreats as oil prices continue to rise, ASX set to slip
ASX 200 futures: -0.5% at 8,774 points ASX 200 (Friday): flat at 8,795 points Australian dollar: +0.2% to 70.33 US cents Wall Street (Friday): S&P 500 -0.5%, Dow -1.2%, Nasdaq -0.2% Europe (Friday): Dax -0.8%, FTSE -0.3%, Eurostoxx600 -0.3% Spot…
Le Pen vows to revive oil prospecting in France, calling 2017 ban 'stupid'
Far-right presidential candidate Marine Le Pen vowed Sunday to allow France to prospect for oil again on its territory if she is elected in May, a proposal reminiscent of U.S. President Donald Trump 's “drill, baby, drill ' policy to speed…
ASX set to fall, Wall Street loses ground as oil prices rise
Stocks on Wall Street closed broadly lower as oil prices climbed to their highest level in more than four years, ratcheting up pressure on the market. The S&P 500 fell 0.5 per cent, adding to its decline from a day before. The index posted its…
'We're Making a Freaking Fortune': Trump Cheers Oil Profits Amid Gas Price Surge
For millions of Americans, filling up the gas tank has become an increasingly painful expense. On Saturday, however, President Donald Trump found plenty to celebrate in soaring fuel prices. Conflating the enormous profits of oil and gas companies…
Sri Lanka seeks faster green energy shift after oil shocks
'There are some wake-up calls... pushing us to move more to renewable energy,' Anura Karunathilaka said. 'If we can get as much as possible from renewable energy, that would be our policy in the next few years.' The island nation, which imports all…
Knowledge Nugget | UAE oil spill: How do oil spills impact and how are they cleaned up?
1. Various factors, from natural disasters and human error to equipment failure, can trigger accidents involving oil tankers, drilling rigs, pipelines, or refineries, which can cause oil spills. 2. When oil spills into water, it rapidly spreads.
Iran's oil lifeline is drying up. The biggest pain may fall on ordinary citizens
Iran is approaching a financial reckoning as a U.S. naval blockade threatens to wipe out its seaborne crude oil revenues by mid-December — but the economic pain may fall more heavily on ordinary Iranians than on the military Washington is…
Norway's $2.3 Trillion Oil Fund Loses $30 Billion In Third Quarter
The world's biggest sovereign wealth fund, Norway's $2.3-trillion Government Pension Fund Global, booked a loss of $30 billion for the third quarter as higher interest rates and market turbulence hit both its fixed-term and equity investments.
ASX to fall after oil resurgence ahead of huge week for investors
The sharemarket is set to open lower on Monday after a lurch higher in the oil price on Friday, as investors brace for a huge week of market-moving events, from key inflation data in Australia and a US interest rate decision to several big tech…
UPSC Key: Farmer ID, OBC creamy layer and UAE Oil spill
Preliminary Examination: Current events of national importance and economic development. Mains Examination: General Studies-II, III: Government policies and interventions for development in various sectors, Indian Economy and issues relating to…
What The Numbers And 'W' On Engine Oil Mean
Go back to the early days of the car, and oil was marketed as light, medium, or heavy. And even after the oil industry adopted the SAE's number-based rating system in 1926, there was still only one set of numbers printed on an oil can. You can…
Agatha Relota Luczo Shares Delectable Recipes Made With Extra Virgin Olive Oil Sourced From Her Farm
Agatha Relota Luczo is the purveyor of all things extra virgin olive oil. The model-cum-founder and chief executive officer of the Furtuna Skin beauty brand, olive oil sommelier and children's book author shares her Wildly Potent Kitchen recipes…
Promising Oil Stocks Worth Watching - October 25th
Analyst Rating Boosts May Signal More Upside for These 3 Stocks ExxonMobil, Chevron, ConocoPhillips, Valero Energy, Phillips 66, Occidental Petroleum, and Cheniere Energy are the seven Oil stocks to watch today, according to MarketBeat's stock…
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