Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Spotlight - When climate mitigation becomes 'political': The Guardian uncovers IPCC links to Saudi oil industry
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Goldman Sachs' interest rate prediction hinges on oil prices
Goldman Sachs sees one more interest rate hike for 2026 at the Fed's Oct. 27 meeting, and then the Fed could be done for this cycle. However, a sustained pullback in oil prices that cools inflation is key to the two-and-done approach to rate hikes…
American's next oil boom is floating in thin air
A new University of Houston analysis estimates that approximately 137 billion barrels of U.S. oil are technically recoverable using carbon dioxide enhanced oil recovery, or CO2-EOR. Texas and the Gulf Coast contain more than half of the nation's…
The next inflation shock: $1 million-a-day oil tankers
Former U.S. President Bill Clinton once said that when a crisis breaks out, the first thing everyone in Washington asks is, “Where is the nearest (aircraft) carrier?” That remains a critical question as the U.S. faces off against Iran…
U.S. Crude Oil Stockpiles Post Unexpected Build
U.S. crude oil inventories rose unexpectedly last week as refineries ran at a slower pace and net imports increased, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude oil stocks excluding the…
US Oil Plan Amid Price Surge Risks 'Perfect Storm'
A new round of crude loans from the nation's Strategic Petroleum Reserve (SPR), as is reportedly being considered by the Trump administration, would create 'a perfect storm' instead of providing significant relief to U.S. drivers, according to an…
Oil prices slip for 6th consecutive day - TT
Gas and diesel prices at a Shell station Sept. 22 in Doral, Fla. (Lynne Sladky/AP) Oil prices declined after President Donald Trump said that officials from the United States and Iran met on the sidelines of the U.N. General Assembly in New York…
Stock markets rebound amid easing crude oil prices
Benchmark indices Sensex and Nifty rebounded on Wednesday amid easing crude oil prices, which remained below USD 100 per barrel, and hopes of a possible de-escalation in the West Asia conflict. The 30-share BSE Sensex climbed 299.17 points, or 0.40…
Chevron's CFO on Elevated Oil Prices and Leading Through Volatility
Climate Startup Shifts Focus From Carbon Removal to Oil Recovery
Direct air capture startup Spiritus was founded to remove carbon dioxide from the atmosphere and bury it underground. Now, it's pivoting to selling that CO2 to help extract oil, as the clean-tech industry recalibrates following US federal funding…
Ryanair Trims Winter Flight Frequency as Oil Prices Tick Upward
Ryanair Holdings Plc will keep cutting flight frequencies to avoid exposure to unhedged fuel prices during the slow winter months, or shift capacity to markets with lower fees such as Italy and Scandinavia. Chief Executive Officer Michael O'Leary…
Stock market today: Dow, S&P 500, Nasdaq futures muted as oil falls, markets eye looming Trump-Xi meeting
US stock futures went nowhere on Wednesday morning as investors monitored US diplomatic efforts with Iran and China, as well as a recent rally in tech stocks. Futures on the Dow Jones Industrial Average (YM=F), S&P 500 (ES=F), and Nasdaq-100 (NQ=F)…
Gold Edges Up as Markets Weigh Oil Pullback
0015 GMT — Gold edges up in early Asia trade as markets weigh a pullback in oil prices. If crude's declines hold, that could ease the inflation fears that have sent bond yields up and stoked rate-hike expectations, weighing on the precious…
Don't Believe the Hype About China's Oil Buying
The global oil market has relied on five key buffers to cushion the impact of the Iran war: Western strategic reserves, bypass pipelines, commercial stockpiles, clandestine tanker runs across the Strait of Hormuz and lower Chinese buying. With some…
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