Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Magnolia Oil Agrees to Buy WildFire Energy in $4.1 Billion Deal
Magnolia Oil & Gas Corp. agreed to acquire WildFire Energy LLC for about $4.1 billion including debt, expanding its presence in the Eagle Ford Shale basin of south Texas. WildFire owners will receive 32.2 million shares of Magnolia's Class A common…
Magnolia Oil agrees to buy WildFire Energy in $4.1B deal - TT
Magnolia Oil & Gas Corp. agreed to acquire WildFire Energy for about $4.1 billion including debt, marking the company's largest acquisition and expanding its Eagle Ford Shale position. The transaction includes 32.2 million Magnolia Class A shares…
Volatility rocks energy markets after Brent crude oil hits 90 dollars a barrel
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. Volatility has returned to rock the global energy market…
Volatility rocks energy markets after Brent crude oil hits 90 dollars a barrel
Volatility has returned to rock the global energy market as oil prices hit 90 US dollars a barrel after fresh American military airstrikes on Iran. The price of Brent crude oil rose by about 1.5% to surpass 90 dollars a barrel at one point on…
Gas prices are creeping close to $4 after oil's latest surge
Oil prices jumped on Monday after the latest escalation in the US-Iran conflict deepened the breakdown of a fragile ceasefire, reviving fears of disruptions to Middle East oil supplies. The US resumed strikes against Iran earlier this month after…
Argentina's Milei says oil, gas, mining will drive country's growth
BUENOS AIRES, July 20 (UPI) -- President Javier Milei said Argentina is undergoing a shift in its productive structure, and that the oil, gas and mining sectors could become new engines of economic growth beyond the country's traditional reliance…
Iran: 2 oil tankers in Strait of Hormuz have exploded
Iran's Islamic Revolutionary Guard Corps (IRGC) on Monday said two “deviant” oil tankers exploded after passing through the Strait of Hormuz. The IRGC said the ships exploded after they tried to enter and exit the strait through an…
Bonds unsettled as oil and gas climb, earnings loom for AI
SYDNEY/LONDON, July 20 (Reuters) - The escalating conflict in the Gulf lifted oil and gas prices on Monday, fanning fears of inflation, sending bonds lower and leaving stocks on edge as a packed week of major tech earnings is set to further…
Gulf Oil Exports Briefly Recovered to Pre-War Levels Before Latest Escalation
Crude oil and condensate exports from the Persian Gulf rose to pre-war levels in the first half of July, data from Kpler and Vortexa shows, as cited by Reuters, reaching between 12 and 13.6 million barrels daily. The recovery is unlikely to last…
Oil prices steady as U.S.-Iran conflict escalates - TT
An overturned car sits on a section of a destroyed bridge after a strike in Hormozgan province, southern Iran, on July 18. (Mahdi Negahban/Mehr News Agency via AP) Oil prices stabilized after rising earlier, as the U.S. announced more attacks for a…
Oil prices surpass 90 dollars a barrel after fresh attacks in US-Iran 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 risen above 90 dollars a barrel for the…
Oil Tanker Appears to Halt in Hormuz After Iran Targets Vessels
An oil tanker appears to have halted in the Strait of Hormuz off Oman after the Iranian Navy again targeted vessels in the waterway, raising concerns about deepening disruptions as Middle East hostilities escalate. The Kavomaleas, a products…
Trump says Scots are 'dancing in the streets' over Burnham's oil plans
President Donald Trump praised incoming British Prime Minister Andy Burnham on Sunday and predicted a bright future for the United Kingdom 's energy sector, claiming people in Aberdeen, Scotland, were 'dancing in the streets' over Burnham's…
The best olive oils for 2026, taste-tested by a food writer
Best olive oil overall Why we love it Vibrant flavour Spicy kick to finish Bottle states year of harvest Waitrose's fruity, rounded valli trapanesi EVOO is the best olive oil I've tasted, thanks to its vibrant flavours. It will have you feeling…
Kazakh Black Sea Oil Terminal Halted Again After Tanker Attack
A key Kazakh oil-export terminal on the Black Sea again halted loadings following a drone strike, threatening supplies that have become increasingly important for European refineries as an alternative to Middle East barrels. The Caspian Pipeline…
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