Oil Industry News
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Tories would give Aberdeen oil industry 'kiss of life' says Badenoch
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. A Scottish Conservative win in Aberdeen South…
No relief for oil: Why analysts say the crude market won't be back to normal for months
The war that scrambled the oil market and sent prices soaring this year is all but over. But a return to normal for crude may still be nowhere in sight, energy analysts are warning. Oil prices, which had already started to cool from their wartime…
Oil Prices Fall as Market Watches Iran Negotiations - TT
The Eneos Endeavor supertanker approaches the Eneos Corp. Negishi oil refinery in Yokohama, Japan, on June 6 after making a rare dark transit through the Strait of Hormuz in May. (Akio Kon/Bloomberg) Oil prices eased in early trading after the U.S.
Tories would give Aberdeen oil industry 'kiss of life' says Badenoch
The Conservative leader is visiting the constituency on Tuesday ahead of Thursday's by-election. Ms Badenoch has been vocal that the party is pro-drilling in the North Sea and said voting for the Tories would “revitalise” the…
Most stocks rise, oil flat following peace deal-fuelled rally
Equities mostly rose Tuesday and oil prices held losses following the previous day's euphoric rally sparked by the US-Iran peace deal that will reopen the crucial Strait of Hormuz. Eyes are now on developments ahead of Friday's signing ceremony in…
Financials lift FTSE 100 as oil heads below 80 dollars
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. The FTSE 100 made strong progress on Tuesday as oil fell…
U.S. Futures Steady, Oil Edges Lower as Markets Stabilize
U.S. stock futures were flat and oil slipped in early European trade as investors awaited further details on terms of the U.S.- Iran peace deal. Brent crude edged 0.5% lower after falling sharply Monday, as investors weigh the plausibility of…
The U.S. is using an Iranian smuggling tactic to sneak oil out of the Gulf
The United States military has overseen scores of secretive ship-to-ship oil transfers to keep Gulf energy exports flowing, using aerial and water drones as well as helicopters in an operation to guide convoys to awaiting tankers. SCROLL TO…
Nikkei 225 breaks 70,000 on hopes for peace and a stable supply of oil
The Nikkei 225 stock average topped 70,000 for the first time ever on Tuesday as peace negotiations advance in the Middle East and after the Bank of Japan voted to raise its benchmark rate to 1%, from 0.75%. With the U.S. and Iran reaching an…
Oil Futures Rise on Likely Technical Recovery
2336 GMT — Oil futures rise in early Asian trade on a likely technical recovery after futures settled overnight at their lowest level since March 4. Also, the pace of oil-prices' downward correction may be limited to some extent as…
China's Return To The Oil Market Could Boost Inflation
The U.S.-Iran agreement to reopen the Strait of Hormuz could prompt China to return to buying more crude after months of multi-year-low purchases, which could reignite inflationary pressures despite the expected ease of oil flows from the Middle…
Shippers and oil giants seek clarity on U.S.-Iran peace deal
A U.S.-Iran deal intended to reopen the Strait of Hormuz within days has left many of the world's top shipowners, traders and oil producer nations seeking clarity about the terms of the pact that's pivotal to the global economy. Some Persian Gulf…
Philippines Returns to Global Bond Market as Oil Pressure Eases
The Philippines is tapping the international bond market for the second time this year, seizing the opportunity to fund state spending as borrowing costs eased on optimism over a potential US-Iran agreement. The sovereign issuer is offering notes…
The new oil? Inside the effort to turn AI computing power into a tradeable commodity
For decades, companies have turned to futures markets to manage uncertainty. Airlines hedge fuel costs. Farmers hedge crops. Manufacturers hedge metals. Now a startup wants to bring that same financial machinery to artificial intelligence. Silicon…
US Futures Waver as Oil Drops on Iran Hope; SpaceX Extends Gains
Equity futures were slighly higher on Tuesday as rising confidence about a US-Iran agreement sent oil prices lower. SpaceX is set for a more than 50% jump in in first three sessions if premarket gains are sustained. Nasdaq 100 contracts rose 0.3%…
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