Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Korea's crude oil supply stable despite uncertainties: industry ministry
Korea's crude oil supply remains stable despite renewed tensions in the Middle East, the industry ministry said Tuesday, vowing to closely monitor major shipping routes in the region. 'Korea has already secured crude oil equivalent to 110 percent…
Magnolia Oil Agrees to Buy WildFire Energy in $4.1 Billion Deal
Magnolia Oil & Gas Corp. agreed to acquire WildFire Energy LLC for about $4.1 billion including debt, expanding its presence in the Eagle Ford Shale basin of south Texas. WildFire owners will receive 32.2 million shares of Magnolia's Class A common…
Magnolia Oil agrees to buy WildFire Energy in $4.1B deal - TT
Magnolia Oil & Gas Corp. agreed to acquire WildFire Energy for about $4.1 billion including debt, marking the company's largest acquisition and expanding its Eagle Ford Shale position. The transaction includes 32.2 million Magnolia Class A shares…
Volatility rocks energy markets after Brent crude oil hits 90 dollars a barrel
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. Volatility has returned to rock the global energy market…
We Don't Need 24/7 Oil Trading. It's Coming Anyway
When it comes to the question of whether the oil industry needs 24/7 trading, my answer is simple: “Hell no.” (Full disclosure, I may have a conflict of interest; namely, I enjoy weekends.) From what I hear in the oil-trading…
Asia stocks up as chip stocks recover, oil eases
Asian stocks mostly rebounded after days of losses on Tuesday led by technology shares, while oil prices eased slightly even as Iran said it had struck hit US military targets in Bahrain and Kuwait. Tech stocks have fallen in recent trading…
Lionheart Closes In on $400 Million Venezuela Oil Field Deal
Lionheart Capital is close to a $400 million deal for a stake in a Venezuelan oil field, in what would be one of the first major private investments in the country's oil industry since the US began easing sanctions.
Volatility rocks energy markets after Brent crude oil hits 90 dollars a barrel
Volatility has returned to rock the global energy market as oil prices hit 90 US dollars a barrel after fresh American military airstrikes on Iran. The price of Brent crude oil rose by about 1.5% to surpass 90 dollars a barrel at one point on…
The Oil Shock Isn't Over
This article is for subscribers only. Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in…
Conflict Rattles Stocks, Bonds as Oil Holds Gains: Markets Wrap
Asian equities advanced after three days of losses as a selloff in chip stocks eased ahead of megacap tech earnings this week. The MSCI Asia Pacific Index rose 0.5%, with the Nikkei 225 Stock Average climbing 1.5% as trading resumed after a holiday…
Oil prices dip as mediation efforts offset US-Iran strikes
July 21 (Reuters) - Oil prices softened on Tuesday, with markets weighing reports of mediation efforts between the U.S. and Iran against an exchange of fresh attacks between the two and threats of a naval blockade of Saudi Arabia by…
Argentina's Milei says oil, gas, mining will drive country's growth
BUENOS AIRES, July 20 (UPI) -- President Javier Milei said Argentina is undergoing a shift in its productive structure, and that the oil, gas and mining sectors could become new engines of economic growth beyond the country's traditional reliance…
Are Sunscreen Oils Just Tanning Oils in Disguise? Experts Weigh In
When I was a teenager in the mid-2000s, my friends and I never used sunscreen. (Gasp, I know, but it was a different time—and my skin damage proves it.) Instead, we coated our bodies in layers of lotions and potions in pursuit of the perfect…
Iran: 2 oil tankers in Strait of Hormuz have exploded
Iran's Islamic Revolutionary Guard Corps (IRGC) on Monday said two “deviant” oil tankers exploded after passing through the Strait of Hormuz. The IRGC said the ships exploded after they tried to enter and exit the strait through an…
Oil Edges Lower Amid Hopes of New U.S.-Iran Ceasefire
2340 GMT — Oil edges lower in early Asian trade amid hopes of a new U.S.- Iran ceasefire that could ease worries over supply disruptions in Middle East. Mediators were working Monday to push the U.S. and Iran into a new ceasefire.
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