Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Texas oil industry becoming 'Californicated' could have 'dire consequences' for economy, energy boss warns
U.S. Oil and Gas Association President Tim Stewart is sounding the alarm over the potential fallout if the Lone Star State were to adopt California-style energy policies. Stewart stressed that 'the absolute worst thing that could happen to the…
65% of Labour voters want Government to approve Rosebank oil field - survey
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. Almost two-thirds of Labour supporters want…
Swinney: Scottish Government does not back ban on new oil and gas
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 Scottish Government does not support a…
Scientists discover that a clogged filter could revolutionize oil refining
The international research effort was led by Professor Dong-Yeun Koh at the Korea Advanced Institute of Science and Technology, known as KAIST, in collaboration with Professor Ryan Lively's research group at Georgia Tech. KAIST(President Kwang…
65% of Labour voters want Government to approve Rosebank oil field - survey
Almost two-thirds of Labour supporters want to see UK ministers approve the controversial Rosebank oil and gas field, a survey suggests. Polling for Offshore Energies UK (OEUK) found 65% of those who backed Labour in the 2024 general election…
Oil Falls Amid Hopes for Resolution to Middle East Conflict
'The Democratic sweep of both the House and Senate at the U.S. midterm election represents a meaningful shift in the political landscape and has triggered an unwind of part of the political and geopolitical risk premium embedded in markets,' said…
NYMEX Overview: Oil Futures Rebound From Sharp Selloff as Traders Weigh Iran Diplomacy -- OPIS
December West Texas Intermediate was up $2.262/bbl, with January WTI up $2.27 at $89.37/bbl. In refined products, the December ULSD contract was trading 10.96cts higher at $4.3151/gal, while the January contract traded 9.4cts higher at $4.2057/gal.
Can an EU-wide tax on oil profits ease Europe's energy crisis?
Since the US-Iran conflict began on February 28, Europeans have faced higher energy bills. The added costs have gone straight into large oil companies' pockets. Greenpeace estimates that oil companies earned €36 billion more from EU diesel…
65% of Labour voters want Government to approve Rosebank oil field - survey
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. Almost two thirds of Labour supporters want to see UK…
Oil Sector Girds for Possible Windfall Tax After Democrats Win
The oil industry is bracing for Democrats to use their newfound political muscle to push for a deal with President Donald Trump and impose a windfall tax on surging crude prices. Democrats already have proposed legislation to make companies…
View: Big Oil sweats the blue wave
One of the many ironies of Tuesday's Democratic sweep of Congress was that for Big Oil, the same bull energy market that delivered one of its most profitable years ever also returned power to the party that's often bent on bringing the industry to…
Oil prices steady on possible war pullback after midterms - TT
A motorist fills up at a Costco station in Lone Tree, Colo. (David Zalubowski/AP) A Democratic-led Congress could push President Donald Trump to pull back on the Iran war. The possibility of pressure to pull back on the war sent the price for a…
The French Oil Firm That's Powering Data Centers in Texas
TotalEnergies SE has long had a special je ne sais quoi in a petroleum industry dominated by Anglo-Saxon giants. Now, the Paris-based oil major is standing out even more by succeeding in a market that none of its rivals has mastered: electricity.
AI companies race to lock down oil clients
AI companies are racing to lock down clients in the oil industry. A deal announced Monday between ADNOC and OpenAI was the highest-profile example in a broader push at ADIPEC by tech companies to pitch bespoke, AI-driven tools to help operate…
Shell drives spike in oil exploration bids off the coast of Newfoundland
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