Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
What is happening with the Rosebank and Jackdaw oil and gas fields?
Angus Cochrane Senior political journalist, BBC Scotland A decision on whether to give the go ahead to two oil and gas fields has edged a step closer. After years of debates and legal wrangling, public consultations on updated plans for the…
What is happening with the Rosebank and Jackdaw oil and gas fields?
A decision on whether to give the go ahead to two oil and gas fields has edged a step closer. After years of debates and legal wrangling, public consultations on updated plans for the Rosebank oil field off Shetland and the Jackdaw gas field, which…
America's oil reserves are the lowest in 43 years
America's stockpile of crude oil has dropped to the lowest level in more than four decades. According to the US Department of Energy, the US Strategic Petroleum Reserve declined by 6 million barrels last week to 298.7 million. Data from the Energy…
Energy Sector Rotation and Falling Oil Prices Pressure TotalEnergies SE (TTE)
Antipodes Partners published its 'Antipodes Global Strategy' second-quarter 2026 investor letter, highlighting the key performance stocks, portfolio changes, and the market outlook. A copy of the letter can be downloaded here. The…
Oil Prices Hit $90 Again
Fading prospects for a deal to reopen the Strait of Hormuz pushed Brent crude futures back to $90 a barrel this morning. The international benchmark has been trading below that threshold since late July, when diplomatic efforts to reopen the…
Oil Futures Edge Lower on Likely Technical Correction
2339 GMT — Oil futures edge lower in early Asian trade on a likely technical correction after the futures' strong gains overnight. However, oil futures' losses will probably be limited by dimming hopes of a swift deal to reopen the Strait of…
Why the Real Oil Squeeze Is Happening in Refineries
Oil prices are dominating headlines as geopolitical tensions strain the flow of crude through key global chokepoints. Yet the bigger squeeze in energy markets is unfolding further downstream in the world's refineries, where crude is converted into…
U.S. Futures Mostly Lower, Oil Price Rises on Middle East Tension
U.S. futures were mostly lower, while oil rose on continued uncertainty over the re-opening of the Strait of Hormuz and any peace agreement between Iran and the U.S. Over the weekend, Iran said it was close to a deal with Oman to reopen the Strait…
Emerging Assets Pressured as Higher Oil Stokes Inflation Worries
Most emerging-market currencies weakened and bond yields rose as fading chances of a deal to reopen the Strait of Hormuz hit oil-sensitive assets around the globe. MSCI's index of developing-nation currency returns, which rose to a record high this…
FTSE 100 ends lower as oil price pushes higher
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. Blue chips closed lower in London on Monday as oil prices…
CNBC Daily Open: Markets caught between oil jitters and AI optimism
The U.S. Strategic Petroleum Reserve hits its lowest level since 1983. Prices of U.S. crude head past $82 per barrel. Trump signals he would lean on economic pressure for Iran. Nvidia and six asset firms are working to turn AI chips into Wall…
Ukraine drone strike on oil refinery deep inside Russia kills at least 13
A “massive” Ukrainian drone strike on an industrial city deep inside Russia killed at least 13 people, according to the local mayor, as Kyiv steps up its campaign of long-range strikes on targets far from the frontline. Kyiv said it…
Study Finds 93% Of Avocado Oil Chips Contain Other Oils. There Is A Solution ...
A new University of California, Davis, study found that a shocking number of avocado oil-labeled chips at the supermarket, marketed as a healthier alternative to toxic seed-oil chips, might not be made with pure avocado oil and, in fact, contain…
Oil Holds Gains, Asian Stocks Set for Muted Open: Markets Wrap
Oil held onto gains as fading hopes for a deal to reopen the Strait of Hormuz revived inflation concerns before key US data this week. US crude was steady near $82 a barrel in early Asian trading after gaining about 9% over the previous three…
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