Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Ukraine keeps up assault on Russian oil infrastructure as Kyiv braces for more strikes
Ukrainian drone strikes caused fires at more Russian oil facilities overnight into Saturday, local Russian officials said, in what appeared to be the latest attack on Moscow's vital oil industry. Authorities in Russia's Rostov region said falling…
Higher For Longer, That's The Story Of Oil And Gas Prices
ARCADIA, CALIFORNIA - MAY 11: An American flag flies above gas prices displayed at a gas station on May 11, 2026 in Arcadia, California. President Trump today said he wants to suspend the national gas tax amid elevated gas prices as the war in Iran…
Ukraine keeps up assault on Russian oil infrastructure as Kyiv braces for more strikes
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Oil falls amid hopes for Trump peace deal backing
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 edged lower on Friday, as US President…
LETTER: Oil repercussions
While 99 percent of us are burned by high gasoline prices, oil companies are raking in extra profit. It's not as though their costs have gone up; they're playing the market because they can. So-called windfall profits are strategic when you know…
Oil Declines Lift Stocks to Fresh Records
A sharp drop in oil prices propelled stocks to fresh records, buoyed by investor optimism over a possible peace deal between the U.S. and Iran. Brent crude futures, the international benchmark, experienced their biggest monthly slump since March…
TotalEnergies' Oil Trading Reaps $2 Billion Per Year, CEO Says
TotalEnergies SE 's oil trading activities generally earn the company about $2 billion per year, Chief Executive Officer Patrick Pouyanné said, a rare comment on the vast size of the oil trading operations of some of Europe's majors. The…
Oil is set for its biggest monthly drop in 6 years, bringing consumers some relief
As May's final day of oil trading is underway, the price of crude is set for its biggest one-month decline in six years, delivering some relief to consumers at the pump and some optimism to investors hoping for an end to sky-high energy prices. As…
Be Your Own Oil Company With Desktop Fischer-Tropsch Process
Plastics, oil, petrol– the modern world is entirely dependent on hydrocarbons. The good sources are slowly running low and supply is increasingly complicated by geopolitical factors we really don't want to get into, but hey! It's just…
Oil falls amid hopes for Trump peace deal backing
The FTSE 100 edged lower on Friday, as US President Donald Trump said he was now making a “final” decision on whether or not to strike a peace deal with Iran. The FTSE 100 closed down 16.68 points, 0.2%, at 10,409.28. The FTSE 250…
Quarter of Large Oil Tankers Trapped by War Have Escaped - TT
Ships remain anchored in the Strait of Hormuz near Larak Island, Iran, on May 16. (Majid Saeedi/Bloomberg) Roughly one-quarter of the large oil tankers trapped inside the Persian Gulf at the outbreak of the Iran war have managed to slip out in a…
Treasuries Set for Best Week Since War Began as Oil Retreats
The US government bond market headed for its best week since the start of the US war on Iran as oil prices declined in anticipation of an agreement to end the conflict. The Treasury market rally trimmed yields across maturities by nine to 12 basis…
Northern Oil and Gas: Duvernay Acquisition Comes At Fair Price, But Adds To Leverage (NOG)
Northern Oil and Gas is acquiring Duvernay assets (with substantial inventory) for around 3.5x 2027 EBITDAX at $75 WTI oil. The deal price is fair but adds to NOG's leverage, which is now projected at 1.8x at the end of 2026. Northern is projected…
Exxon exec warns oil price explosion may be imminent
ExxonMobil is warning that global oil markets could be on the brink of a sharp and sudden price spike, with inventories sinking toward what one senior executive called 'unheard of' levels amid ongoing geopolitical disruptions. Neil Chapman, senior…
Chevron refuses to pay Strait of Hormuz toll as tanker attacks rattle oil world
Oil and gas giant Chevron has said it will not pay a transit toll for its vessels transiting the Strait of Hormuz, according to CEO Mike Wirth. Speaking to Bloomberg TV on Friday, Wirth highlighted that several ships navigating the crucial waterway…
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