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 Down Amid Oil Volatility -- Energy Roundup
Shares of energy companies fell amid oil-price volatility. Oil futures briefly topped $100 a barrel in New York amid fears that continued strikes on Lebanon would jeopardize a cease-fire deal and the reopening of the Strait of Hormuz. Oil closed up…
Daily on Energy: Latest on oil prices, permitting shortcuts, and penguins
Plus, we have some sad news, as emperor penguins and the Antarctic fur seal have been listed as endangered species, due to the effects of climate change. 🐧🦭 We have more on this below. Welcome to Daily on Energy, written by…
As Iran war jolts global oil, can China's energy storage tech blunt the impact?
China's exports of energy storage equipment are expected to keep rising as the US-Israeli war in Iran renews global calls for energy independence, industry insiders and analysts said. The total export value of Chinese inverters – key…
Watch Energy Market Risks and Oil Prices: Goldman Sachs Sees Highest Energy Capex Since Shale Revolution
Goldman Sachs Sees Highest Energy Capex Since Shale Revolution Michele Della Vigna, head of EMEA natural resources research at Goldman Sachs, discusses the outlook for energy industry investment with the Strait of Hormuz becoming 'more risky' and…
What this real-world oil price says about the level of stress in the energy market
Dated Brent is considered the real-world price tag of crude oil. The spot price of this benchmark rebounded on Thursday, as oil traders closely monitor a fragile ceasefire between the U.S. and Iran. Energy analysts warn the temporary truce is not…
Imperial Oil Ltd. stock falls Thursday, underperforms market
Shares of Imperial Oil Ltd. IMO dropped 1.35% to C$177.48 Thursday, in what proved to be an all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.42% to 33,477.71. Imperial Oil Ltd. closed 4.4%…
Asia economic growth to slow even if oil stabilizes, ADB warns
Economic growth across Asia will likely slow even if oil prices stabilize in the coming months, as the impact of war in the Middle East ripples through industries from manufacturing to tourism, according to the Asian Development Bank (ADB). The…
Energy as War: From Oil Fields to Cobalt Mines
The energy analyst known as Doomberg recently remarked on the Decouple podcast that ‘all wars are energy wars.' From the decisive role energy access plays in combat itself (think oil in World War II), to its infrastructure being an inviting…
Is oil crisis just the start of economic pain for Hongkongers?
Hong Kong bus company boss Martin Lau feels overwhelmed as he attempts every option possible to minimise mounting losses wrought by runaway fuel prices. He has done everything he can think of, from trying to reduce services to doing his own repairs…
Watch Oil Markets Reality vs Expectations
Oil Markets Reality vs Expectations Oil markets are fluctuating between reality and expectations as disruptions in the Strait of Hormuz choke global supply. Bloomberg's oil markets reporter Mia Gindis joined Bloomberg Open Interest to break down…
Blair think tank urges Miliband to back new oil and gas fields
Tony Blair's think tank has branded Labour 'too ideological' and called for Ed Miliband to back new oil and gas fields. Ministers should have taken steps to protect the country from the volatility of energy prices caused by the Iran war, it says in…
Wright: Texas oil and gas industry has solution to help with water crisis
(The Center Square) – The Texas oil and natural gas industry has a solution to help with Texas' water crisis, Texas Railroad Commission Chairman Jim Wright says. During his tenure, the Railroad Commission issued a framework for a pilot…
Thai Finance Chief Sees Oil Prices Elevated for Two Years
Thailand expects oil prices to remain elevated for up to two years due to the Middle East conflict, its finance minister said, signaling prolonged pressure on a net energy importer already grappling with rising costs and slowing growth. Energy…
Oil Opens Higher With Focus on US-Iran Ceasefire: Markets Wrap
Oil opened higher Friday and US stock futures wavered as Israeli strikes in Lebanon and the continued closure of the Strait of Hormuz damped optimism over a ceasefire to the Iran war. Crude gained for a second day after US President Donald Trump…
Oil price rises as markets question durability of Middle East ceasefire
Oil and gas prices rose on Thursday and Asian stock markets retreated as the two-week ceasefire in Iran looked increasingly shaky, with Israel continuing attacks on Lebanon and the US and Iran threatening a return to military action. A day after…
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