Oil Industry News
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Energy Down Amid Oil Volatility -- Energy Roundup
Shares of energy companies fell amid volatility in oil futures. Oil plunged below $80 a barrel, before paring some losses to close down 12% at $83.45 a barrel. It was still the biggest loss since 2022, after President Trump indicated the war in…
US Steps Up Iran Strikes as Oil Industry Faces More Upheaval - TT
Secretary Pete Hegseth addresses a press conference March 10. (Department of War via X) The Pentagon said it's conducting the most intense day of attacks against Iran and won't give up until the Islamic Republic is defeated, striking a more…
EU eyes nuclear energy again as oil prices soar
EU chief Ursula von der Leyen on Tuesday said Europe's turn away from nuclear power had been a “strategic mistake”, as soaring oil prices rekindled concerns about the bloc's energy vulnerability. Speaking at a nuclear summit in Paris…
Watch Vanda Insights on Oil Markets, IEA Report
Vanda Insights on Oil Markets, IEA Report Vandana Hari, Founder of Vanda Insights, discusses her outlook on the oil markets following a report saying the International Energy Agency is proposing the largest release of reserves in history to tackle…
Daily on Energy: Strait status confusion, oil drops, and Exxon goes to Texas
Now, did the U.S. Navy escort oil tankers through the Strait of Hormuz today? That's the question many were asking today after Energy Secretary Chris Wright briefly posted that the Navy successfully escorted tankers through the strait. The post was…
Philippines' fuel shock exposes limits of deregulated oil market
The Philippines was hit by a sharp fuel-price shock on Tuesday, with pump costs surging after the escalating conflict involving Iran pushed global oil prices higher, in what could become one of the country's steepest weekly increases in years.
Letter: Oil and gas volatility shows up in energy bills
Our digitised version of the FT newspaper, for easy reading on any device. FT Digital Edition: our digitised print edition Global news & analysis Expert opinion Translate instantly to 26 languages Lex: FT's flagship investment column FT Magazines…
European Gas Falls as Oil Retreat Drags Broader Energy Market
0806 GMT – European natural-gas prices plunge as fears of prolonged disruptions in the Middle East ease after President Trump said the war in Iran will end “very soon.” In early trading, the front-month Dutch TTF contract drops…
Devon Energy: Not Priced For Oil Rally (NYSE:DVN)
Devon Energy hasn't jumped as oil prices surged amid geopolitical conflicts in Venezuela and Iran. The energy company is busy working on closing the accretive merger with Coterra Energy, with plans to hike the dividend and stock buybacks. The stock…
Deleted Tweet From Energy Secretary Sends Oil Markets on Another Wild Ride
For days, the global oil market has swung wildly while traders from New York to London to Singapore have watched footage of drones and missiles flying across the Middle East. Tuesday's selloff was sparked in part by a social-media post. A plunge in…
Canada Weighs Options to Boost Oil Supply as War Causes Market Turmoil
Canada is “urgently exploring options” with provinces and the energy industry to boost oil supply, as trade disruptions caused by war in the Middle East spur huge volatility in global crude markets. The country is looking at ways to…
Israeli president defends war with Iran, says targeted oil sites were 'not the oil reserves of the people
'It's a connected war. It started October 7th, and we're reaching — actually, in my mind, I think we may be reaching the final chapter of the war by changing the entire configuration of the Middle East.' With that sweeping assessment…
No Escort for Oil Tanker, Oil Volatility Whipsaws Stocks, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
The $150 oil shock might be exactly what our future needs
The oil markets are rattled. Iran's closure of the Strait of Hormuz —through which a fifth of the world's oil flows—have sent prices toward $90 a barrel, with Qatar's energy minister warning they could hit $150 within weeks. Energy…
Bloomberg Daybreak Asia: Oil Flucuates after IEA Report
Bloomberg Daybreak Asia Podcast • Browse all episodes Business and finance news from the Asia-Pacific. Volatility in oil prices continue to dominate the markets. The International Energy Agency proposed biggest-ever release of oil reserves…
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