Oil Industry News
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Energy Up With Oil Futures -- Energy Roundup
Shares of energy companies rose alongside oil futures after reports that the Trump administration could resume military operations in Iran following the midterm elections. Baker Hughes shares slid after the oil-services firm posted a decline in…
After His Iran War Triggered an Oil Crisis, Trump Blames Soaring Energy Prices on Climate Regulations
Fuel prices have exploded throughout the US since Donald Trump began his war on Iran. According to the Center for American Progress, gas and diesel prices are 43 and 68 percent higher, respectively, as of October 22 compared to when the war began…
Tourmaline Oil Corp. stock rises Wednesday, outperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.61% higher to C$67.74 Wednesday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.26% to 36,265.09. Tourmaline Oil…
Sandesara Family's Sterling Oil Adds Eni's AENR To Its Nigerian Portfolio
LAGOS / MUMBAI: Sterling Oil Exploration and Energy Production Company Limited has expanded its Nigerian energy portfolio through the acquisition of Agip Energy and Natural Resources (Nigeria) Limited (AENR), a subsidiary of Italy's Eni. The…
LA pushes oil drilling shutdown despite industry warnings of lawsuits, gas price hikes
Los Angeles is pushing ahead with a sweeping 20-year shutdown of oil drilling across the city after the Council voted 13-0 Wednesday, despite warnings from oil companies of costly lawsuits, property rights violations and increased dependence on…
Households urged to dispose of used cooking oil using binman's method
For those who frequently cook at home, there's one specific kitchen by-product that can become rather problematic if not disposed of correctly. Used cooking oil poses a real challenge, especially when you've built up a significant quantity. It's…
Shell criticised over bumper earnings haul amid soaring oil prices
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. Shell has revealed quarterly earnings nearly doubled as…
Sinopec's Third-Quarter Profits Soar on Higher Oil Prices
Sinopec, China's biggest oil refiner, posted higher third-quarter profits after the Iran war boosted energy prices and helped improved processing margins. The state-owned company, formally known as China Petroleum & Chemical Corp., said net income…
Petrobras Pumps at Record as Iran War Upends Oil Markets
Brazil's state-controlled oil producer Petrobras lifted production to a record and ran its refineries near full capacity in the third quarter, helping the country weather disruptions to global energy markets from the Iran war. Oil and gas output…
Oil Falls as Traders Weigh Middle East Risks
0116 GMT — Oil falls in early Asian trade, after settling higher overnight. Vice President JD Vance is engaging one of Iran's most powerful hard-liners to revive peace negotiations even as President Trump threatens to restart the war after…
Oil prices sink on fresh diplomatic efforts in Middle East - TT
Cargo ships lie at anchor in the Strait of Hormuz off Bandar Abbas, Iran, on Oct. 24. (Amirhosein Khorgooi/ISNA via AP) Oil eased as traders assessed fresh diplomatic efforts in the Middle East to avert a resumption of U.S. military strikes on…
The oil market should brace for a forever stalemate in Iran
You have reached your maximum number of saved items. Remove items from your saved list to add more. You've used all of your gift articles. 3 more will become available on the 1st of every month. The oil market sees the future of the Iran war as…
Shell profits double to $10.8bn as Iran war pushes up profit margin on oil
Shell has doubled its profits in the last quarter after the Middle East conflict drove up the price of oil and gas and created shortages in the global market. Shell reported on Thursday morning that it made an adjusted profit of $10.8bn…
Oil Prices Fall as Traders Weigh U.S.-Iran Diplomacy
Oil prices fell Thursday as traders assessed fresh U.S. efforts to revive peace negotiations with Iran against persistent Middle East supply risks and the possibility of renewed military escalation. December Brent crude futures fell 1.1% to $114.02…
ECB Holds Rates as Lagarde Exit Compounds Alarm Over Oil, France
The European Central Bank kept interest rates unchanged as news that President Christine Lagarde will step down early added to concern over energy costs and France. The deposit rate was left at 2.5%, as predicted by almost all economists surveyed…
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