Oil Industry News
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Energy Shares Rise as Oil Rally Continues -- Energy Roundup
Stocks in the energy sector rose as Brent crude surpassed $106 a barrel amid dimming hopes of a reopening of the Strait of Hormuz. U.S. natural gas futures rose sharply as TC Energy declared force majeure on a pipeline in West Virginia after…
Railroad commissioner: Oil industry must strengthen defenses against cyber attacks
(The Center Square) – Texas Railroad Commissioner Wayne Christian is urging the Texas oil and natural gas industry to strengthen its defenses against cyberattacks. “Texas is the energy capital of the world, and that makes our energy…
The options market is sending a contrarian signal about oil prices
Sometimes the best course of action to take on Wall Street is the opposite of what everybody else is doing. With that in mind, we note that the options market is flashing a new sell signal, via what's known as the put-call ratio, for the United…
FTSE 100 edges up as oil fall offsets bond worry
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. Stocks in London made modest progress on Friday as lower…
Italy to Convene Oil Refiners as it Seeks to Boost Fuels Output
The Italian government will meet its oil refining industry next month to discuss a boost in production as concern grows that surging prices for diesel and other fuels could stoke inflation. The meeting scheduled for Oct. 8 is the latest sign that…
US Stock Futures Rise as Investors See Relief in Yields, Oil
US stocks climbed as oil and Treasury yields pulled back from the recent surges ahead of data on inflation expectations. The S&P 500 Index opened 0.3% higher on Friday, led by gains in the tech and industrials sectors. Akamai Technologies Inc. was…
FTSE 100 edges up as oil fall offsets bond worry
Stocks in London made modest progress on Friday as lower oil prices amid hopes of progress in US- Iran negotiations helped offset concerns over another rise in bond yields. In London, the FTSE 100 index ended up 15.26 points, 0.1%, at 10,695.25.
Oil Prices Decline on Hopes of a Hormuz Deal
Good morning. Oil prices fall on hopes of a deal to reopen the Strait of Hormuz. Wall Street and tech titans join Donald Trump's state dinner for Xi Jinping. And our Deep Dive looks at how some investors are giving blood to get access to higher…
Oil Prices Fall as Markets Look to Iran Truce, but Remain Wary of Attacks on Oil Facilities
Oil prices fell slightly on Friday as markets weighed the possibility of a truce between the US and Iran against the bombing of Saudi Arabia by Houthi rebels after a week of price spikes. Brent was down 74 cents, or 0.69%, to…
Oil prices decline as investors look for signals on Hormuz - TT
A pump jack near Imperial, Texas. (Mark Felix/Bloomberg) Oil prices declined Sept. 25 as investors look for signs of the reopening of the Strait of Hormuz, the key waterway for global oil transport. The Dow is off 0.6% for the week to date, which…
Oil firms accused of pushing for tax breaks after 'cashing in' on Middle East crisis
Campaigners have accused energy firms of “pushing for tax breaks” after “cashing in” on the crisis in the Middle East. They added that scrapping the current windfall tax on oil and gas companies could cost the UK up to…
Why The U.S. Is 'Front And Center' Of Global Oil Trade
From nowhere-to-be-seen to just about everywhere, the U.S. is now a leading player in global crude markets, achieved by supplying a commodity coveted by buyers all over the world, says Euan Craik, the global head of oil at Argus Media Ltd. It's all…
Oil Pulls Back as Cautious Hopes Compete With Escalation
0043 GMT — Oil prices fall back in Asian trade as traders weigh the latest headlines around efforts to reopen the Strait of Hormuz, the critical energy shipping lane blocked by fighting in the Middle East. Oil is following the now-familiar…
S. Korea, Mexico to Launch Oil, Supply Chain Dialogue
President Lee Jae Myung has announced that South Korea and Mexico have agreed to launch an intergovernmental dialogue channel on oil and other critical resources as part of efforts to strengthen supply chain cooperation. Speaking at a joint press…
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