Oil Industry News
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Energy Stocks Sink as Oil Prices Edge Lower
Shares of Diamondback Energy tumbled 9.2%, to $192.13, while shares of EOG Resources were down 5.6%, to $145.20. Devon Energy's stock slipped 4.5%, to $49.04, and ExxonMobil's stock was off 3.1%, to $164.15. Chevron's stock fell 2.6%, to $212.06…
Stocks rally as oil price fall provides relief
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 rallied on Wednesday despite news of…
How escalating Saudi oil crisis could drive up prices everywhere
Ben Chu Policy and analysis correspondent, BBC Verify Global energy prices have spiked alarmingly again, driven largely in recent days by the escalating conflict between Yemen's Houthis and Saudi Arabia causing chaos for the oil industry. Petrol…
How escalating Saudi oil crisis could drive up prices everywhere
Global energy prices have spiked alarmingly again, driven largely in recent days by the escalating conflict between Yemen's Houthis and Saudi Arabia causing chaos for the oil industry. Petrol and diesel costs have risen rapidly in most countries…
Energy disruptions set off alarm bells over rising oil and gas prices
Tom Kloza, the chief energy adviser for Gulf Oil, warned of “staggering” changes coming to prices this week, saying the Great Lakes and Rocky Mountain states in particular should expect to see “huge increases.” Diesel…
Chart Of The Day: Oil? Surging. Oil Stocks? Not So Much
Both WTI and Brent futures have surged by more than 20% in just a few weeks. But interestingly, oil stocks have been lagging behind. The MoneyShow Chart of the Day shows the one-month percentage change in WTI and Brent crude oil futures, plus the…
Stocks rally as oil price fall provides relief
Stocks in London rallied on Wednesday despite news of higher inflation and an expected US rate increase, as oil prices edged lower. In London, the FTSE 100 index ended up 30.34 points, 0.3%, at 10,688.47. The FTSE 250 advanced 251.46 points, 1.1%…
Continental Resources strikes Venezuela oil development deal
Continental Resources on Wednesday announced that it reached an agreement with Venezuela's state-owned oil company to develop oil in the South American country's prolific Orinoco Belt. The memorandum of understanding with Petroleos de Venezuela…
Nymex Overview: Oil Falls Sharply After Previous Day's Rally -- OPIS
Crude oil contracts fell more than $3 around midday Wednesday, largely giving back the previous day's significant gain, driven by wider threats on Middle East shipping routes and energy infrastructure. At 12:10 p.m. ET, more-active November Nymex…
Billionaire Harold Hamm Makes Deal to Explore for Venezuela Oil
Billionaire shale pioneer Harold Hamm's Continental Resources Inc. reached a deal for an oil field in Venezuela as the Trump administration pushes US companies to revive the nation's oil sector.
MBS and Saudi Arabia face crisis with key oil pipeline shut for weeks
The U.S.-Iran war has reached crisis point for Saudi Arabia and its de facto leader, Crown Prince Mohammed bin Salman. The kingdom was spared the worst of the Islamic Republic's counterstrikes against the U.S. and Israel early in the conflict, and…
Saudis Seek to Resume Half of Key Oil Pipeline Within Days
Saudi Arabia is seeking to return about half the capacity of its cross-country oil pipeline within days after the link was halted last week following drone attacks, a person familiar with the matter said. State-run Saudi Aramco is working to bypass…
Saudis seek to resume half of key oil pipeline within days - TT
Saudi Arabia aims to restore about half of the East-West oil pipeline's capacity within days after drone attacks halted the route Sept. 10. The outage threatened exports through the 7 million-barrel-a-day pipeline as disrupted Strait of Hormuz…
Outlook For Oil As Prices Climb Above $100 A Barrel
Saudi disruption, renewed China demand and declining inventories making oil market tightness more visible. Wider commodity space also heavily impacted by Middle East supply disruption. Prices may need to get to level where demand destruction begins…
Oil prices steady as Saudi pipeline closure pressures supply - TT
Customers fill up at a Saudi Aramco gas station in Santiago, Chile. (Cristobal Olivares/Bloomberg) Oil prices declined for the first time this week with Saudi Arabia's crucial oil pipeline closure adding to pressure on global oil supply. A gallon…
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