Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

japantimes.co.jp - Iran oil waiver offers lifeline to Tehran as talks proceed
Iran oil waiver offers lifeline to Tehran as talks proceed
The Japan Times

The U.S. issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal. Vice President JD Vance, attending the discussions in…

forbes.com - Boaz Sobrado - Onchain Perpetuals: Trade Oil, Gold And Stocks On Ostium
Onchain Perpetuals: Trade Oil, Gold And Stocks On Ostium
Forbes

SEOUL, REPUBLIC OF KOREA: Gold bars are displayed at Shinhan Bank in Seoul on 09 January 2004. 'You can typically guess what the most traded assets are,' said Kaledora Kiernan-Linn, 'by looking at what's trending on Twitter.' Social feeds, more or…

thecentersquare.com - By Bethany Blankley | The Center Square contributor - Texas oil and gas industry report job gains in May
Texas oil and gas industry report job gains in May
The Center Square

(The Center Square) – The Texas oil and natural gas industry again reported job gains in May although it was another month of job declines in the upstream sector, which includes extraction. The industry gained 4,100 jobs in May over the…

bloomberg.com - Bloomberg Daybreak Asia: Iran Oil Waiver
Bloomberg Daybreak Asia: Iran Oil Waiver
Bloomberg

Bloomberg Daybreak Asia Podcast • Browse all episodes Business and finance news from the Asia-Pacific. The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two…

thehill.com - Rachel Frazin - Mixed messages on Strait of Hormuz create uncertainty for oil
Mixed messages on Strait of Hormuz create uncertainty for oil
The Hill

Mixed messages from the U.S. and Iran on the Strait of Hormuz are injecting further uncertainty into the future of the waterway and global oil supplies. Over the weekend, the Iranian military said that it would close the strait in response to…

bloomberg.com - Rob Verdonck - Asian Stocks Set for Gains as Oil Holds Losses: Markets Wrap
Asian Stocks Set for Gains as Oil Holds Losses: Markets Wrap
Bloomberg

Asian stocks were set for a positive open after oil retreated on optimism about progress in peace talks between the US and Iran, offsetting weakness in Wall Street where drops in several tech giants weighed on benchmarks. Equity futures pointed to…

bloomberg.com - Markets Close Mixed, US Offers Iran Oil Waiver, More
Markets Close Mixed, US Offers Iran Oil Waiver, More
Bloomberg

Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…

thestandard.com.hk - The Standard 英文虎報 - US suspends Iran oil sanctions, says nuclear inspectors to return
US suspends Iran oil sanctions, says nuclear inspectors to return
The Standard

The United States temporarily suspended sanctions on Iranian oil on Monday after Vice President JD Vance said Iran would allow UN nuclear inspectors to return to the country, following talks in Switzerland. SCROLL TO CONTINUE WITH CONTENT Last…

scmp.com - Associated Press - Mexican leader seeks to restart oil shipments to Cuba as island's crises deepen
Mexican leader seeks to restart oil shipments to Cuba as island's crises deepen
South China Morning Post

Mexican President Claudia Sheinbaum said on Monday that her country seeks to restart oil shipments to Cuba soon, a move that could provide much-needed relief as the island's crises deepen given a lack of petroleum. Sheinbaum said her administration…

yahoo.com - NBC - U.S. authorizes Iranian oil sales for 60 days
U.S. authorizes Iranian oil sales for 60 days
Yahoo!

U.S. crude prices fell 2.7% to about $74 per barrel after Treasury Secretary Scott Bessent announced a 60-day waiver of sanctions on the purchase of Iranian oil. NBC News' Brian Cheung reports on the oil market's reaction to the temporary sale of…

seekingalpha.com - Jennifer Warren - Strait Of Hormuz (Video): Adaptive Oil Market, But...
Strait Of Hormuz (Video): Adaptive Oil Market, But...
Seeking Alpha

Oil prices have remained resilient near $100/barrel during the Strait of Hormuz crisis, defying projections of $150–200. Pre-crisis global inventory surpluses and strategic stock drawdowns provided critical market buffers, moderating price…

wsj.com - WTI Crude Oil Price Showing Likelihood of 'Corrective' Rebound, Chart Shows
WTI Crude Oil Price Showing Likelihood of 'Corrective' Rebound, Chart Shows
Wall Street Journal

0032 GMT — WTI crude oil price is showing likelihood of a “corrective” rebound, based on its daily chart, FOREX.com's Fawad Razaqzada says in an email. “WTI has been trending lower for several weeks, leaving momentum…

ttnews.com - Chan Ho-Him - Oil Prices Dip as Iran Talks Continue - TT
Oil Prices Dip as Iran Talks Continue - TT
Transport Topics

More than 100 oil tankers were trapped inside the Persian Gulf prior to the signing of the interim peace deal. (Andreea Campeanu/Getty Images via Bloomberg) Oil prices fell as talks progressed over a permanent end to the Iran war. High-level…

euobserver.com - Wester van Gaal - Are oil markets too optimistic?
Are oil markets too optimistic?
EUobserver

US vice president JD Vance exited his second day of negotiations with Iran sounding upbeat. “The final deal is the house,” he told reporters on Monday (22 June). “We set the foundation. We haven't built the house, but we've…

wsj.com - Ronnie Harui - Oil Prices Rise Amid Mixed Signals From U.S.-Iran Peace Talks
Oil Prices Rise Amid Mixed Signals From U.S.-Iran Peace Talks
Wall Street Journal

Oil prices were up in Asia on Tuesday morning, amid mixed signals from talks between the U.S. and Iran on ending the conflict. Vice President JD Vance said Monday that Iran had agreed to allow nuclear inspectors to return to the Middle Eastern…

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