Oil Industry News
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Oil and gas has long-term future if UK Government backs industry, report says
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 UK risks accelerating the decline of the oil and gas…
Oil and gas has long-term future if UK Government backs industry, report says
The UK risks accelerating the decline of the oil and gas industry despite overwhelming industry belief that the basin could still have a long-term future, a report has warned. The paper by Aberdeen and Grampian Chamber of Commerce found 93% of the…
Diamondback Energy (FANG) Gains from Oil Price Shocks
Yachtman Asset Management released its first-quarter 2026 investor letter for its AMG “Yacktman Focused Fund”. A copy of the letter is available to download here. The Fund returned 10.37% for the first quarter, outperforming both the…
America's emergency oil reserve is shrinking fast
America's oil stockpiles are shrinking rapidly, with U.S. crude inventories posting consecutive weekly declines, exports surging and the country drawing down from its emergency supplies to offset the impact of the war with Iran on global energy…
Oil Futures Mixed as Traders Assess Middle East Developments
0014 GMT — Oil futures are mixed early Tuesday in Asia as traders assess Middle East developments. On the one hand, progress toward a U.S.-Iran deal to end the conflict between the two countries slowed Monday and a media report cited U.S.
Oil Sands Firms Can Afford Carbon Capture, Canadian Energy Minister Says
Canadian Energy Minister Tim Hodgson said he's “highly confident” that Alberta oil sands companies can absorb the cost of building carbon capture, despite their protests that Canada's climate rules hurt their global competitiveness.
Oil prices dip amid optimism over potential US-Iran deal
Oil prices decreased early Monday amid negotiations between the Trump administration and Iran on reopening the Strait of Hormuz and ending the Middle East conflict. West Texas Intermediate crude futures, the benchmark for North American markets…
Trump Touts Iran Progress, Oil Prices Lower, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Oil slips 6pc as US, Iran seen moving closer to peace deal
Oil prices fell six percent to two-week lows on Monday, as optimism grew that the United States and Iran were moving closer to a peace deal, even though they remain at odds over key issues, such as blockades on the Strait of Hormuz. SCROLL TO…
Oil prices fall below $100 a barrel on hopes of Iran peace deal
Oil prices have fallen below $100 a barrel and stock markets have risen on hopes that the US and Iran are inching closer to a peace deal. Brent crude futures, the global oil benchmark, were down 5.5% to just below $98 a barrel, the lowest levels in…
Asia markets set to open broadly higher as oil prices slide on U.S.-Iran peace hopes
Oil fell as investors watched for progress in U.S.-Iran talks. Asia-Pacific futures pointed to a mixed open, led by Japan. U.S. military strikes showed negotiations remained fragile. Kazuhiro Nogi | Afp | Getty Images Asia-Pacific markets were set…
Oil-Rich Alberta Now Preparing Vote on Leaving Canada
Canada's prairie provinces, including Alberta, Saskatchewan, and Manitoba, are in some ways more like the western United States than the rest of Canada. They are more independent, more reliant on agriculture and the energy sector, with lower…
Oil Plummets Below $100 As Rubio Says Iran Deal Could Happen 'Maybe Today'
Secretary of State Marco Rubio said on Monday that the U.S. could have some news to announce “maybe today” on a deal with Iran, but reiterated President Donald Trump's remarks about not being in a hurry, as optimism about a potential…
Dow futures jump 400 points as oil tumbles on hope U.S.-Iran deal is close: Live updates
Stock futures jumped on Monday night as oil prices slid and hope grew that a resolution to the U.S.-Iran war was within reach. Dow Jones Industrial Average futures popped 441 points, or 0.9%. S&P 500 futures gained 0.9%, and Nasdaq-100 futures…
Dollar drifts lower as oil falls on Hormuz deal optimism
By Gregor Stuart Hunter and Lucy Raitano SINGAPORE/LONDON, May 25 (Reuters) - The dollar fell against major currencies on Monday as hopes of a deal to reopen the Strait of Hormuz pushed oil prices below $100 per barrel, even as the U.S. and…
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