Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Down With Oil Futures - Energy Roundup
Shares of energy companies fell alongside oil futures amid indications that an extension of the U.S.-Iran cease-fire is close. The U.S., Iran and chief mediator Pakistan all agreed Friday that a peace deal to end the war was nearly complete, though…
An Oil Export Ban Would Reverse America's Energy Dominance
The Clearocean Mesquite oil products tanker docked at the Port of Long Beach in April. Los Angeles Times via Getty Images Every time gasoline prices rise, Washington rediscovers bad ideas. Few are as self-defeating as the proposal to ban U.S. crude…
Trump attempts to ramp up Alaska oil and gas drilling
On June 5, the Interior Department's Bureau of Land Management held an oil and gas lease sale bid opening for tracts of land in the Coastal Plain of the wildlife refuge, also known as the 1002 area. The area stretches across 1.56 million acres, and…
What Birth Rates and Oil Prices Have in Common
This article is for subscribers only. The solution to high oil prices is high oil prices. Or even just the worry about high oil prices. You can see it in today's market. Most analysts would have had a barrel of crude at $150 by now. It hasn't…
Trump faces uphill battle to replenish oil stockpiles headed to record lows
It is one of the largest emergency crude stockpiles in the world, with a total capacity of around 714 million barrels across four main facilities. As of the start of June, however, there were just 349.2 million barrels of crude recorded in the SPR…
Analysis: Iran's stranglehold on Strait of Hormuz loosens as Gulf Arab oil reaches market
DUBAI, United Arab Emirates (AP) — Iran 's stranglehold on the Strait of Hormuz may be easing — and its own oil problems now seem to be mounting. The crucial strait at the mouth of the Persian Gulf, through which a fifth of the…
India Has Enough Oil And Gas Beneath The Soil
'Exploration should be made easier and companies should be given operational flexibility.' 'In my 40-year career, I have never defaulted on a single payment or failed to repay a bank loan on time.' 'As a son of the soil, we love to work in India…
Venezuela demands answers from Trinidad over new oil spill
June 12 (UPI) -- Venezuela's interim government on Friday decried a new spill allegedly originating in Trinidad and Tobago, saying the movement of crude oil exceeds in size and volume a similar incident reported in early May. In a statement…
Communications Services Up as Oil Falls - Communications Services Roundup
Communications-services companies rose as falling oil prices buoyed sectors dependent on discretionary spending. U.S. carriers AT&T, Verizon and T-Mobile US rose sharply. Online betting firm Flutter Entertainment plans to delist from the London…
Analysis: Iran's stranglehold on Strait of Hormuz loosens as Gulf Arab oil reaches market
Iran 's stranglehold on the Strait of Hormuz may be easing — and its own oil problems now seem to be mounting. The crucial strait at the mouth of the Persian Gulf, through which a fifth of the world's oil and natural gas supplies once…
The mystery of how China is keeping down the world's oil prices
Your gas could be a lot more expensive right now. Thank Xi Jinping. CFOTO/Future Publishing via Getty Images Joshua Keating is a senior correspondent at Vox covering foreign policy and world news with a focus on the future of international…
CFTC Considers Blocking CME's 24/7 Oil Contract Bid
The US Commodity Futures Trading Commission is considering whether to block CME Group Inc. 's bid to launch a round-the-clock oil contract, heightening tensions between the market stalwart and its regulator. CME Group Inc. announced on Thursday…
Brent Oil Drops Below $90 as the U.S. Closes in on a Peace Deal With Iran. What it Means for Oil Stocks.
The price of Brent oil, the global benchmark, slumped nearly 4% on Friday, closing at $86.88 per barrel. At one point, Brent touched its lowest point since early March. It fell 7.7% for the week, which is the third weekly decline in the past four…
America's Biggest Energy Hub Is About to Run Out of Oil
Massive crude oil tanks in Cushing, Oklahoma—the main hub of America's energy market—are reportedly growing dangerously depleted as President Donald Trump's war in Iran stretches into its 105th day. The oil tanks in Cushing held an…
LandBridge: The Landlord Quietly Cashing In On Oil, Water And Data Centers (NYSE:LB)
LandBridge owns strategic surface acreage in the Delaware Basin and collects fees without taking direct drilling or commodity price risk. Q1 revenue grew 16% YoY, and adjusted EBITDA margin remained very high at 88%, showing the strength of the…
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