Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil and gas industry expected surplus - but war brought shortage instead
In 2023, the International Energy Agency predicted that by 2028 the world's oil companies would produce more oil than people wanted to buy. Prices responded to that and similar projections of slowing oil demand, dropping too low to attract…
FTSE 100 falls as bond worries offset lower 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. The FTSE 100 fell sharply on Tuesday as US bond yields…
Asian Stocks Set for Rebound as Oil Prices Ease: Markets Wrap
Stocks in Asia were set for broad gains on Wednesday after oil prices fell, easing some pressure on markets as investors weighed the latest developments in the Middle East and the ongoing US-Iran stalemate. Equity-index futures pointed to gains in…
Big Oil can't hide behind the Clean Air Act
The first case that the Supreme Court will hear this term, Suncor v. Boulder, could have major consequences for state and local governments' ability to protect their residents from tortious conduct by corporations that are knowingly putting profits…
FTSE 100 falls as bond worries offset lower oil
The FTSE 100 fell sharply on Tuesday as US bond yields hit a 24-year high over fears that rising inflation will spark further interest rate hikes. In London, the FTSE 100 index ended down 48.17 points, 0.5%, at 10,636.71. The FTSE 250 rose 39.49…
Oil Prices Mixed, But Production Recovery May Weigh
0015 GMT — Oil prices are mixed in early Asian trade but may be weighed by signs of production recovery. Crude output from Saudi Arabia 's East-West pipeline is going through more swiftly than anticipated, analysts say. Saudi Arabia's…
Long-Term Treasury Yields Push Higher Despite Decline in Oil Prices
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. Long yields rose again. Yields on benchmark 10-year Treasury notes…
Futures Rise As Oil Drops, Dragging Rates Lower
US equity futures have reversed earlier losses and trade in the green, near session highs, as bond yields drop across the curve, following a decline in oil which has also hit the dollar, despite lack of any tangible news out of Iran and as traders…
Markets Struggle As Treasury Yields Climb And Oil Slips
Bond yields edge up again. JOLTS and unemployment reports come out this week. Nvidia record buyback program juices shares. The three major indices are in negative territory in early trading after attempting to recover at least some of Monday's…
Turkey Is Turning Its Breadbasket Into an Oil Hub
Across Cukurova, the alluvial plain in southern Turkey that lines the easternmost inlet of the Mediterranean Sea, farmers till land so fertile that it bears three harvests a year. Rivers feed cash crops of cotton, corn, wheat, sunflowers, rapeseed…
US to Tap More Oil From Emergency Reserve as Fuel Prices Surge
The US ordered another release of oil from emergency reserves — and urged European nations to do likewise — as the Trump administration grapples with fuel prices that are surging less than two months before the midterm elections. The…
Airfares will rise if oil prices don't improve, Ryanair boss warns
Ryanair CEO Michael O'Leary warns that while demand for air travel remains strong, low fares cannot continue if oil prices remain at current levels. While O'Leary was generally optimistic about the demand for air travel, he said that jet fuel costs…
U.S. taps more oil from emergency reserve - TT
The Strategic Petroleum Reserve storage at the Bryan Mound site in Freeport, Texas. (Brandon Bell/Getty Images via Bloomberg News) The U.S. ordered a final release of up to 40 million barrels from the Strategic Petroleum Reserve and urged European…
Oman to Boost Oil Storage as Gulf Nations Seek to Bypass Hormuz
Oman plans to more than double oil storage capacity at a port outside the Strait of Hormuz, seeking to take advantage of its strategic position as energy producers in the region look for workarounds to the highly contested waterway. State energy…
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