Oil Industry News
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Daily on Energy: Oil touches four-year highs, ethanol, and NJ eyes nuclear
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…
US blockade is squeezing Iran's all-important oil industry, Analysis - Ya Libnan
Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by an American blockade. With no way to export the oil it is pumping out and diminishing room to store it…
Police investigate heating oil thefts in Aberdeenshire
Police investigating the theft of heating oil from two homes in Insch say there have been a number of similar incidents recently across Aberdeenshire. The latest thefts happened in Commerce Street and are believed to have taken place in the early…
Iran oil crisis fuels confusion over energy transition
Nothing highlights the contradictions and costs of Australia's home-grown energy dramas like a global oil crisis. Energy Minister Chris Bowen says the shortages and price hikes created by the Middle East conflict accelerate the need for the…
Opinion: Will Canada choose oil and bondage to the U.S., or forge our own destiny?
Please log in to bookmark this story. Create Free Account John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires Fall and Twilight of the Money Gods. Oil briefly hit US$125 on…
The UAE realizes what Trump and OPEC won't admit: We've hit peak oil
When the United Arab Emirates announced that it would, on May 1, exit OPEC after 59 years of membership, the official language was diplomatic and measured. The UAE 's Energy Ministry said the decision followed 'a comprehensive review of its…
Oil briefly hits 4-year high
Global oil prices surged to a four-year high overnight before retreating somewhat early Thursday as the Strait of Hormuz remains closed, and the prospect of a deal to end the conflict looks dim. The price of Brent crude oil, the international…
Here's what the next phase of the Iran war oil crisis could look like
The world may be about to enter the next chapter of the Iran war oil crisis that sees crude soar even higher, one research firm predicts. HFI Research, an investment research firm specializing in energy markets, outlined a grim series of events…
Wartime oil prices cause turbulence for flights: When will US feel the pinch?
The closure of the Strait of Hormuz and surging oil prices amid the conflict in Iran are causing turbulence for airlines and Americans' travel plans. Oil prices have skyrocketed since the war began, and futures of international benchmark Brent…
Fuel price rises caused by cost of oil rather than retail margins - watchdog
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. Soaring fuel prices amid the conflict in the…
Germany's climate U-turn is the worst possible response to the oil shock
The car is perhaps the closest thing Germany has to a national symbol. For this reason, the success of the auto industry and the happiness of motorists has long been a barometer for the standing of the Federal Republic. Since the beginning of the…
The Iran War Is Shaking Up Another Type of Oil
This article is for subscribers only. Welcome to the Business of Food newsletter, covering how the world feeds itself in a changing economy and climate. This week, Anuradha Raghu looks at crops that power your car, and Rainier Harris goes through…
Fuel price rises caused by cost of oil rather than retail margins - watchdog
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. Soaring fuel prices amid the conflict in the Middle East…
Imperial Oil Earnings Fall as Refinery Throughput Slips, But Upstream Output Nudges Up
The Exxon Mobil-controlled Canadian oil and gas producer's net income fell to 940 million Canadian dollars (US$692 million), or C$1.94 a share, from C$1.29 billion, or C$2.52, a year earlier. Cash flows from operating activities declined to C$756…
Petrobras Output Hits Record as Iran War Jolts Oil Markets
Petrobras pumped record oil and gas volumes in the first quarter and ran its refineries near full capacity, underscoring Brazil's growing importance to global energy markets disrupted by the Iran war. Oil and gas production rose 16% on year to 3.23…
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