Oil Industry News
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Stocks boosted by lower oil price and tech rally
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 in London prospered on Monday as oil prices fell…
Trump touts oil price dip in closing speech
President Trump on Monday touted a new drop in oil prices during his closing pitch to voters ahead of Tuesday's midterm elections. © Alex Brandon, Associated Press International benchmark Brent crude was trading at $104 Monday afternoon, down…
Oil Falls as Market Tracks Mideast Developments
0000 GMT — Oil prices are lower in early Asian trade as the market tracks developments in the Middle East. America's Gulf allies are steeling themselves for a U.S. bombardment of Iran while the Trump administration and Arab mediators are…
Stocks boosted by lower oil price and tech rally
Stocks in London prospered on Monday as oil prices fell amid hopes for progress on peace talks between the US and Iran, and technology stocks rallied after recent falls. The FTSE 100 Index closed up 31.55 points, 0.3%, at 10,761.33. The FTSE 250…
Oil Tumbles, but Stocks Fail To Launch
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. Oil prices tumbled. Unconfirmed reports seemed to suggest that President…
Nasdaq Slide Clouds Asian Open, Oil Falls on Iran: Markets Wrap
Asian technology stocks looked set for losses Tuesday after a selloff in US chipmakers deepened, overshadowing a plunge in oil prices on hopes for diplomatic progress toward ending the war in Iran. Equity-index futures for Japan and South Korea…
Big Oil's spending caution speaks louder than its profits
Big Oil is reaping near record cash windfalls from the eight-month-old Iran war, but Western energy producers' reluctance to ramp up spending reveals persistent doubts about the industry's long-term outlook. SCROLL TO CONTINUE WITH CONTENT BP…
Oil price falls amid hope of a breakthrough to end Iran war
The oil price fell to its lowest level in over two weeks on Monday, amid new hopes of a breakthrough to end the Iran war. Brent crude, the international benchmark, dropped by more than 6.5% to as low as $105.55 a barrel, the lowest since 16…
Oil Prices Tumble on Peace-Talk Prospects
U.S. oil futures fell 7.4% to settle at $96.46 a barrel, shedding roughly half of October's 15% gain. Monday's $7.66 decline was the largest in dollar terms since mid April. Gasoline futures in New York dropped by 8.1% to their lowest price since…
Oil prices pull back sharply on signs of US-Iran diplomacy to end war
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. Oil prices have eased back sharply on hopes of progress…
Use £5bn oil and gas revenues to fund Acorn carbon capture - SNP
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. The UK Government must use £5.1 billion in forecast…
Stock Futures Higher, Oil Lower as Investors Return to Risk
Stock futures rose and Treasury yields eased, as falling oil prices encouraged investors to make a cautious return to risk after last week's tech selloff. Nasdaq futures rose 0.7%, while futures for the S&P 500 and Dow Jones Industrial average were…
Use £5bn oil and gas revenues to fund Acorn carbon capture - SNP
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 UK Government must use £5.1 billion…
Los Angeles City Council stops oil drilling and extraction after lengthy battles with Big Oil
Los Angeles has become the largest city in the US to ban oil drilling, after years of lawsuits and campaigning by residents who raised the alarm over pollution and potential health risks from nearby wells. 'Frontline communities have pushed the…
US Stock Futures Rise as Oil Prices Drop Easing AI-Led Selloff
US equities advanced, led by technology shares, as falling oil prices offered relief after a bruising week for the artificial intelligence trade. Investors are turning to a packed week of potential market catalysts, including October manufacturing…
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