Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Alaska's oil revival sparks a new energy rush Into the Arctic
When John Kurz left Alaska's North Slope in 2009, he was staring at a grim future for what had once been the country's premiere oil field. Crude production had plummeted to 567,000 barrels per day, barely more than a quarter of the roughly 2…
SNP accused of 'shameful disdain' for industry as oil and gas given junior portfolio
Oil and gas is set to dominate the upcoming by-election in Aberdeen South, which was triggered by Stephen Flynn resigning to become an MSP in Holyrood. The UK Government has a presumption against new oil and gas drilling in the North Sea but has…
Rising Oil Prices Are Reviving The Case For TIPS
Higher gasoline prices are signaling broader inflation risks, as oil shocks and rising Treasury yields revive investor interest in TIPS. Inflation is never gone; it's always in remission. It's something that is human-made, and governments can…
Oil prices slide on hopes of US-Iran peace deal
Oil prices have fallen sharply on hopes of a deal that could bring an end to the US-Israel war with Iran. On Saturday, US President Donald Trump said an agreement with Tehran had been 'largely negotiated' and details would be announced soon but the…
Oil prices slide on hopes of US-Iran peace deal
Peter Hoskins Business reporter Oil prices have fallen sharply on hopes of a deal that could bring an end to the US-Israel war with Iran. On Saturday, US President Donald Trump said an agreement with Tehran had been 'largely negotiated' and details…
JGBs Rise Amid Falling Crude Oil Prices
0010 GMT — JGBs rise in price terms in the early Tokyo session amid falling crude oil prices that could ease inflationary pressures in Japan. The decline in oil prices comes amid hopes of a U.S.-Iran deal to reopen the Strait of Hormuz, a…
Millers Oils in Brighouse seeks to replace 'outdated' tanks
John Greenwood Local Democracy Reporting Service (LDRS), Yorkshire A long-established Calderdale firm, whose oil products are used in motorsports, is seeking permission to replace 'outdated' storage tanks. Established in Brighouse in 1887, Millers…
Emerging-Market Assets Rise as Oil Drops on US-Iran Deal Hopes
Emerging-market stocks and currencies rose as oil prices declined on signs that the US and Iran were nearing a deal that would reopen the Strait of Hormuz. The MSCI Emerging Markets Index rose 1.3%, on track for a third session of gains. A similar…
Alaska oil revival gains momentum as Arctic discoveries, policy shifts draw industry back
Alaska's long-struggling oil industry is attracting renewed investment as major discoveries in the Arctic and a more supportive regulatory climate revive interest in one of America's largest untapped energy frontiers, Bloomberg News reported…
Oil, Dollar Slide on Optimism Over US-Iran Deal: Markets Wrap
Oil and the dollar fell while US stock futures climbed as risk appetite improved on hopes that a deal to reopen the Strait of Hormuz and restore crude flows could be close. Brent crude fell more than 4% in early trading, while risk sensitive…
Oil market at 'tank bottoms' in Asia, and Europe isn't far behind, warns Carlyle's Currie
Headline global inventory figures can be misleading, Currie warned, as much of the oil stored worldwide cannot be used immediately. 'Europe, give it about another month, and look for July being a problem in the U.S.,' he added. Bloomberg |…
Crude oil drops as US inches towards Iran deal to reopen Strait of Hormuz
Oil dropped at the week's open as the US and Iran edged towards a deal, although US President Donald Trump said Washington's blockade of the Strait of Hormuz would remain until an agreement was completed. Global crude benchmark Brent fell as much…
Oil Falls Amid Prospects for Reopening of Strait of Hormuz
2334 GMT — Oil falls in early Asian trade amid prospects for reopening of the Strait of Hormuz, a key waterway through which one-fifth of the world's oil is typically transported. The Wall Street Journal cited a U.S. official saying Sunday…
Japan Bonds Face Homegrown Downside Risks Even as Oil Retreats
A gauge of risk compensation for holding government bonds has risen fastest in Japan among major markets since the US-Iran war began, pointing to local factors that may continue to weigh on Japanese bonds even if energy prices retreat. Term…
With oil markets nearing the danger zone, a US-Iran deal can't come soon enough | Heather Stewart
If a US-Iran deal is about to be reached, three months on from the launch of Donald Trump's Operation Epic Fury, it will not be a day too soon for oil markets, which are approaching a dangerous tipping point. The cost of a barrel of crude on the…
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