Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
'Seismic' blue wave triggers the sinking of oil prices, energy stocks, and the chances of power permitting reform
Most energy stocks plunged on Wednesday—except for clean power and utilities in a few remaining reliably red states—as crude oil prices fell to one-month lows because of bullishness on Iran war peace talks and bearishness on the data…
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…
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…
Stocks surge as Democrats win and oil price slips
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. Stocks soared in London on Wednesday, along with European…
Ten oversold energy stocks as oil prices slide after U.S. midterm elections (USO:NYSEARCA)
The energy sector came under significant pressure on Wednesday, with crude oil futures falling more than $2/bbl amid volatile trading as investors assessed the outlook for the U.S.-Iran conflict following a major midterm election setback for…
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.
Burnham set to close North Sea to new oil and gas drilling
Andy Burnham is set to back a bill that will make new exploration for oil and gas in the North Sea illegal. The Energy Independence Bill, which was introduced by Miatta Fahnbulleh, would remove the North Sea Transition Authority's ability to grant…
Oil prices decline as markets soar on midterm results - TT
A supporter of Wisconsin Gov.-elect David Crowley, a Democrat, sports an 'I voted' sticker at an election night event Nov. 3 in Milwaukee. (Nam Y. Huh/AP) Oil market is down on continued uncertainty about what the war with Iran will mean for global…
Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections
Add Boston.com on Google (opens in a new tab) Add Boston.com as your preferred source on Google to see more of our stories. NEW YORK (AP) — U.S. stocks soared Wednesday after President Donald Trump's party lost its sole control of Washington…
Voters Reject Trump's Big Oil Agenda, Demand Affordable Energy and Accountability
In response to Tuesday's wave of Democratic victories, Elizabeth Bast, Executive Director at Oil Change Action, said: “Tonight voters send a clear message: They're fed up with Trump's agenda of fossil fuel giveaways, illegal and immoral…
Murphy Oil Signs Two Agreements in Mauritania, Swings to 3Q Profit
Murphy Oil signed two agreements with the government of Mauritania to evaluate and potentially explore two of the country's offshore blocks. The C-10 and Tiof blocks cover around 3.1 million acres, Murphy said Wednesday. Through its subsidiaries…
Questions Mount Over Venezuela's 'Biggest Oil Deal In World History
Trump's $100 billion Venezuela oil deal faces growing scrutiny, as NABEP confronts questions over financing, drilling capacity and its ability to develop 65 billion barrels of reserves. NABEP claims production has surged to 223,000 bpd, with plans…
Democrat Wins Texas Oil Regulator Seat for First Time Since 1990
Democrat Jon Rosenthal defeated Republican firebrand Bo French to become the first member of his party in 36 years to win a seat on the powerful panel that oversees the $200 billion Texas oil industry. Rosenthal, a state representative and…
Asian Stocks to Rise as Oil Slides After US Vote: Markets Wrap
Asian stocks advanced, tracking gains in US equities after a Democratic sweep in the US midterm elections sent oil plunging on speculation the conflict with Iran will end sooner. Benchmark indexes rose in Japan and Australia, pushing the MSCI Asia…
Stocks Surge, Oil Plummets on Democrat Victory
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. Stocks rallied following the midterm elections. Investors traditionally…
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