Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Up With Oil -- Energy Roundup
Shares of energy companies rose alongside oil futures as the fate of the Strait of Hormuz remained uncertain. Oil rose for the fourth straight session after the United Arab Emirates said it was suspending trade with Iran due to attacks on shipping.
The Case For Britain Backing Its North Sea Oil & Gas Industry
Authored by David Whitehouse, chief executive of Offshore Energies UK, via City AM, Jackdaw and Rosebank could strengthen UK energy security by increasing domestic oil and gas production while demand remains substantial. The projects are expected…
Oil Edges Higher Amid Lingering Middle East Tensions
2347 GMT — Oil edges higher in early Asian trade amid lingering tensions in the Middle East, which could lead to more supply disruptions. The U.A.E. “said that it was cutting all economic ties with Iran after it accused it of firing…
Trump's new oil rule is a $750 billion taxpayer scam
As if facilitating a scam on taxpayers wasn't bad enough, the proposed rule also tramples on private property rights. Tucked inside it is language that eliminates the requirement that split-estate private property owners be notified of oil and gas…
5 Energy Stocks Breaking Out As Iran Ceasefire Ends, Oil Prices Keep Rising
The ceasefire between the U.S. and Iran officially came to a close this week. That led oil prices to surge — always a positive for oil-related stocks. This group of industry stocks are breaking out and stand to benefit from the ongoing…
'We now live without this violence': the Colombian farmers giving up coca for palm oil
Surrounded by towering oil palm trees on his farm in the small village of Caño Barbú, near San Pablo in northern Colombia, Yoger Payares uses a malayo – a pole-mounted iron tool with a hook – to hack at the fronds of…
US has opened secret oil shipping corridor at Hormuz
The United States military has quietly established a maritime shipping corridor across the Strait of Hormuz to facilitate the transport of millions of barrels of crude oil daily, even as the conflict with Iran continues in a stalemate, reported…
Bonds selloff pressures Europe, oil climbs further
By Iain Withers and Dhara Ranasinghe LONDON, Aug 19 (Reuters) - European government bond yields rose to new multi-year highs on Wednesday as a global selloff deepened on fears of swelling sovereign debt, while oil futures gained for a fourth…
Nymex Overview: Oil Contracts Up After Iran Fires Missiles Toward Strait -- OPIS
Crude contracts rose more than $1 by midday Wednesday, a day after Iran fired ballistic missiles toward the Strait of Hormuz, raising fears that the key oil supply chokepoint would be closed for a prolonged period. At 12:15 p.m. ET, the more-active…
Futures Flat With All Eyes On Interest Rates And Oil
Futures are flat but off their lows as Tech gets a boost from a huge Hynix buyback, which erased ~8% decline to trade up as much as 2% and reversed a 5.8% drop in the Nikkei; the ADRs are +5.6% pre-mkt boosting both Memory and Korea ETFs. As of…
Oil prices climb with no change over Strait of Hormuz - TT
Crude prices continue to climb with the conflict over the Strait of Hormuz unresolved. Bond yields have jumped since the war began because high oil prices are pushing inflation higher. AI-related stocks have become volatile in recent months as the…
Oil Prices Climb as US-Iran Hormuz Tensions Rattle Markets
Oil prices moved higher Wednesday, with Brent crude reaching a roughly four-week high as tensions between the United States and Iran over the Strait of Hormuz continued to fuel concerns about global energy supplies. Brent crude futures for October…
NYTimes: US Navy Is Getting Oil Through the Strait of Hormuz
It feels like it's not very often that the NY Times says something positive about an operation taking place under the direction of President Trump. But today they did just that with a story that notes an ongoing operation to help ships full of oil…
Oil Prices Rise as Trump Threatens Tougher Iran Economic Measures
Oil prices climbed on Thursday, extending their winning streak to five sessions as escalating tensions between the United States and Iran heightened concerns over global crude supply. Brent crude futures gained 0.3% to $91.93 a barrel by 00:35 ET…
Nifty, Sensex Decline as Elevated Crude Oil Prices and US-Iran Tensions Unnerve Investors
Indian benchmark equity indices, Sensex and Nifty, experienced significant declines, with the Nifty extending its losing streak to a seventh day, as elevated crude oil prices and geopolitical tensions between the US and Iran unnerved investors. The…
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