Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Brace for a Flood of Oil as Soon as Hormuz Reopens
When the day comes, the reopening of the Strait of Hormuz will be an extraordinary event: restarting about 10,000 oil wells, pumping roughly 15% of the world's production, that had been shut down for a hundred days and counting. Nothing even…
Miliband urged to visit Aberdeen amid oil and gas 'extinction' accusation
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. Energy Secretary Ed Miliband has been urged…
Oil rises and stock markets under pressure as Middle East conflict steps up
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 and stock markets are under…
Explainer-Why are the Houthis threatening to attack Red Sea shipping and what does it mean for oil markets?
June 8 - Yemen's Iran-aligned Houthis said on Monday that they would ban ships linked to Israel from the Red Sea after Israel renewed its military attacks on Iran, adding to concerns about global shipping and energy flows. This is why it matters…
Oil Prices Surge as Iran Conflict Flares - TT
Israel and Iran traded fire early June 8. A man looks at the wreckage of an Iranian missile that landed near the West Bank city of Jericho. (Mahmoud Illean/AP) Oil prices surged as Israel launched airstrikes early June 8. The latest attacks further…
Biscathorpe farm aims to keep oil site despite decommission plan
Eleanor Maslin East Yorkshire and Lincolnshire A farm is seeking permission to keep a former oil well site on its land, despite previous plans for it to undergo restoration work. The plans by developer Egdon Resources to drill on the site in…
US Stock Futures Drop After Tech Selloff, Oil Up: Markets Wrap
Equities looked set for more losses after a tech-led selloff on Wall Street Friday and a robust jobs report fueled expectations for an interest-rate hike by the Federal Reserve. Oil jumped after Iran fired missiles at Israel. Equity-index futures…
Stock markets fall and oil jumps as Middle East conflict intensifies and AI boom falters - business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Stock markets across Asia-Pacific countries are in retreat today, as investors fear a rise in US interest rates, renewed conflict in the…
Oil Rises on Israel-Iran Escalation, U.S. Tech Futures Climb
Oil rose sharply in early European trade after Israel and Iran exchanged waves of attacks in a serious escalation of regional hostilities, threatening the progress of a long-awaited peace deal. U.S. Treasurys weakened and the dollar rose following…
Starmer calls for return to ceasefire as Iran-Israel clashes push up oil price
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. Sir Keir Starmer said he was “deeply…
The dangerous delusion behind the oil market's 'creepy calm'
Oil futures have settled below $US100 a barrel and Australia's pumps are full. So, is the worst of the Gulf oil crisis over? Ampol boss Matt Halliday, responsible for one of Australia's two big oil and fuel importers and refiners, says we shouldn't…
European Stocks Drop as Oil Rises on Mideast Escalation
European stocks fell for a second day as oil surged after Iran and Israel exchanged strikes overnight, raising doubts over the durability of a fragile ceasefire. The Stoxx 600 dropped 0.7% as of 8:20 a.m. in London. Enthusiasm around the AI trade…
PSCE: When The Oil Market Breaks, This Fund Should Soar (NASDAQ:PSCE)
Invesco S&P SmallCap Energy ETF offers concentrated, unhedged exposure to U.S. small-cap energy names, ideal for capturing upside in a tight oil market. PSCE benefits from global oil inventory drawdowns, persistent supply disruptions, and minimal…
Futures Rebound, Oil Pares Gain After Iran Declares End To Military Operations
US stocks futures rebounded and oil pared much of its overnight gains, following a declaration from Iran that military operations against Israel ended after the biggest military escalation between Iran and Israel overnight. As of 8:00am ET, S&P…
Oil Prices Jump After Iran and Israel Exchange Strikes
Oil prices rose after Iran and Israel exchanged fire overnight. Brent futures opened sharply higher Monday, at one point reaching $98 a barrel, though they are still hovering below the $100-a-barrel level seen earlier in the conflict. Brent…
Receive a Daily briefing on Oil Industry News
Get Started