Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Spike In Oil Prices Boosted Crescent Energy Company (CRGY) in Q1
American Century Investments, an investment management company, released its first-quarter 2026 investor letter for the “American Century Investments Small Cap Value Fund.” A copy is available to download here. Equity markets…
Wright predicts more oil will move through Hormuz
Energy Secretary Chris Wright predicted Tuesday that the amount oil moving through the Strait of Hormuz will “continue to rise” as the U.S. and Iran work to end the 100-plus day conflict. © AP Photo/Mark Schiefelbein, File During…
Oil Rises on Escalating Supply Disruption Concerns
2335 GMT — Oil rises on escalating supply disruption concerns caused by the exchange of attacks between the U.S. and Iran. The U.S. launched strikes on Iran Tuesday in retaliation for the downing of a U.S. Apache helicopter near the Strait…
Oil Prices Rise, Asian Equities Fall Amid U.S.-Iran Tensions
The U.S. military conducted strikes against Iran on Tuesday in retaliation for the downing of a U.S. Apache helicopter near the Strait of Hormuz, according to U.S. Central Command. President Trump directed the strikes, which the military…
A Rush to Stockpile Oil Will Keep Prices Higher for Longer
“Preppers” hoard essentials like water, food and fuel. Hit by the second global energy crisis in four years, governments are developing their own bunker mentality. If they follow through on plans to stockpile more oil, energy prices…
Wright says amount of oil through the Strait of Hormuz will 'continue to rise'
Energy Secretary Chris Wright predicted Tuesday that the amount oil moving through the Strait of Hormuz will “continue to rise” as the U.S. and Iran work to end the 100-plus day conflict. During an Atlantic Council event, Wright said…
Tories did 'level best' to ruin oil and gas sector, says SNP candidate
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The Conservatives did their “level…
Arctic Oil Drilling and the Art of the Troll
The Department of the Interior adopted a style best described as delusional triumphalism when it announced the results of its latest auction of drilling rights in the Arctic National Wildlife Refuge. The auction of oil leases on environmentally…
Watch Oil Falls as Israel-Iran Attacks Halt
Oil Falls as Israel-Iran Attacks Halt Oil declined after Israel and Iran agreed to stop attacking each other following a flare-up in violence, while new data shed light on the extent of a drop in Chinese imports. Amrita Sen, Founder and Director at…
Watch Markets: Oil Prices Are Wrong, Says JPMorgan's Jack Caffrey
Oil Prices Are Wrong, Says JPMorgan's Jack Caffrey Jack Caffrey, equity portfolio manager at JPMorgan Asset Management, examines the impact of oil prices on equity markets and what that means for both short-term traders and long-term investors.
Kuwait Oil Chief Seeks Pipeline Alternatives to Skirt Hormuz
Kuwait is seeking pipeline alternatives to export its crude oil as the near-closure of the Strait of Hormuz starves the market of vital barrels and Persian Gulf producers of the cash to run their economies. State oil producer Kuwait Petroleum Corp.
Oil is Quietly Escaping the Strait of Hormuz. What it Means for Oil Stocks.
Around 20 million barrels of oil per day (BPD) traversed the Strait of Hormuz before the war with Iran. That accounted for about 25% of the global seaborne oil trade and around 20% of the total global supply. According to tanker tracking data, oil…
Treasuries Advance Before Auction as Oil Prices Retreat Further
Treasuries rose as benchmark oil prices declined to the lowest levels in more than a month, alleviating concern about elevated inflation ahead of Wednesday's release of the May consumer price index. The advance on Tuesday pushed yields across…
Futures Rise As Tech Rebound Extends While Oil Drops
US equity futures are higher as Monday's US stock gains extend into today's trading with both tech and small caps outperforming as the AI theme resumes its global surge and US/Iran deal optimism is back (on the back of the now daily optimistic…
The Oil Shock Is Weakening India's Economy and Finances
India is scrambling to contain the economic and financial impact of the worst oil supply disruption in history as analysts say the high oil prices would continue to weigh on the Indian currency, economic growth, and public finances as long as…
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