Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Tories would give Aberdeen oil industry 'kiss of life' says Badenoch
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. A Scottish Conservative win in Aberdeen South…
Daily on Energy: Oil tumbling, Strait watch, and a $500M rare earths loan
Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for…
Oil Prices Might Not Go Back to Normal Anytime Soon
“Ships of the World, start your engines,” Donald Trump declared on Truth Social on Sunday. “Let the oil flow!” This was the president's way of announcing that the United States and Iran had reached an agreement to end…
Repsol to Explore Venezuela's Horcon Area for Oil After Signing Agreement With Government
Spain's Repsol said it signed an agreement with the Venezuelan government to explore and potentially develop an oil deposit in the Horcon area, located southeast of Lake Maracaibo. The memorandum of understanding with the government and state oil…
Oil Futures Rise on Likely Technical Recovery
2333 GMT — Oil futures rise in early Asian trade on a likely technical recovery after futures fell for a fourth consecutive session on Tuesday. While the U.S.-Iran memorandum of understanding to end the conflict is “clearly positive…
Nymex Overview: Oil Extends Losses on Report of Immediate Iran Oil Sales Under Deal -- OPIS
Crude oil contracts fell around $5/bbl around midday Tuesday, continuing their recent sharp declines, after the Wall Street Journal reported the U.S. will allow Iran to immediately begin selling oil and fuel under the deal to end the war. The…
Shift From Oil to Renewables Defines Aberdeen's Election Race
Few places illustrate the tensions of Britain's energy transition more clearly than Aberdeen in north-east Scotland, where thousands of jobs remain tied to North Sea oil and gas even as governments promise a greener future. The gap between a…
The very future of Scotland's oil and gas industry is at stake
I have fought all kinds of elections across all parts of Scotland. And I led from the front in the two big referendums that have been put to the people of this country – over independence and EU membership. In nearly 20 years of campaigning…
No relief for oil: Why analysts say the crude market won't be back to normal for months
The war that scrambled the oil market and sent prices soaring this year is all but over. But a return to normal for crude may still be nowhere in sight, energy analysts are warning. Oil prices, which had already started to cool from their wartime…
Oil Tankers U-Turn, Rush to Middle East Before Hormuz Reopening
Two oil tankers heading toward Africa have u-turned in the Indian Ocean this week, switching their destinations to the Middle East as shipowners race to re-position vessels ahead of the possible reopening of the Strait of Hormuz. Suezmax…
Consumer Cos Flat as Oil Slide Continues - Consumer Roundup
Consumer companies were more or less flat as a slide in oil futures continued. Yum agreed to sell Pizza Hut's operations outside mainland China to investment firm LongRange Capital for about $1.5 billion. Yum China Holdings agreed to acquire Pizza…
Oil Prices Fall as Market Watches Iran Negotiations - TT
The Eneos Endeavor supertanker approaches the Eneos Corp. Negishi oil refinery in Yokohama, Japan, on June 6 after making a rare dark transit through the Strait of Hormuz in May. (Akio Kon/Bloomberg) Oil prices eased in early trading after the U.S.
Asian Stocks to Slip Ahead of Fed, Oil Steadies: Markets Wrap
Stocks in Asia looked set to snap a three-day winning streak, tracking declines on Wall Street as investors rotated out of technology shares and positioned for the first Federal Reserve policy decision under Chairman Kevin Warsh. Equity-index…
Financials lift FTSE 100 as oil heads below 80 dollars
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 FTSE 100 made strong progress on Tuesday as oil fell…
Trump signals he may reimpose sanctions on Russian oil as G7 refocuses on Ukraine
EVIAN-LES-BAINS, France (AP) — The United States could soon reimpose sanctions on Russian oil shipments after President Donald Trump and fellow leaders at the Group of Seven summit of major industrialized democracies moved Tuesday to put the…
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