Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy secretary warns oil industry as diesel debate rages - TT
Energy Secretary Chris Wright attends the G20 Ministerial Meeting on Energy Abundance in Houston on Sept. 15. (Mark Felix/Bloomberg) Energy Secretary Chris Wright told oil executives to prepare for possible U.S. diesel export curbs as the Trump…
Energy Shares Rise as Oil Rally Continues -- Energy Roundup
Stocks in the energy sector rose as Brent crude surpassed $106 a barrel amid dimming hopes of a reopening of the Strait of Hormuz. U.S. natural gas futures rose sharply as TC Energy declared force majeure on a pipeline in West Virginia after…
Railroad commissioner: Oil industry must strengthen defenses against cyber attacks
(The Center Square) – Texas Railroad Commissioner Wayne Christian is urging the Texas oil and natural gas industry to strengthen its defenses against cyberattacks. “Texas is the energy capital of the world, and that makes our energy…
Oil Prices Fall as Markets Look to Iran Truce, but Remain Wary of Attacks on Oil Facilities
Oil prices fell slightly on Friday as markets weighed the possibility of a truce between the US and Iran against the bombing of Saudi Arabia by Houthi rebels after a week of price spikes. Brent was down 74 cents, or 0.69%, to…
Oil firms accused of pushing for tax breaks after 'cashing in' on Middle East crisis
Campaigners have accused energy firms of “pushing for tax breaks” after “cashing in” on the crisis in the Middle East. They added that scrapping the current windfall tax on oil and gas companies could cost the UK up to…
Stocks struggle amid oil, bond price volatility
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 ended lower on Thursday as investors…
Oil Pulls Back as Cautious Hopes Compete With Escalation
0043 GMT — Oil prices fall back in Asian trade as traders weigh the latest headlines around efforts to reopen the Strait of Hormuz, the critical energy shipping lane blocked by fighting in the Middle East. Oil is following the now-familiar…
Nymex Overview: Oil Futures Extend Gains on US-Iran Tensions -- OPIS
Refined product futures were also moving higher. October ULSD rose 25.25cts to $5.0289/gal, with November up 16.45cts at $4.7981/gal. October RBOB climbed 6.26cts to $3.6496/gal, with November up 7.2cts at $3.4124/gal. Oil futures had initially…
Asian Bonds, Stocks to Fall as Oil Fans Inflation: Markets Wrap
A global bond selloff was set to deepen in Asia as elevated oil prices stoked inflation concerns, pushing long-term Treasury yields to multi-decade highs and fueling expectations for further Federal Reserve interest-rate hikes. Australian and New…
High diesel prices strain GOP alliance with Big Oil
The average cost of diesel stands at $6.52 a gallon as of Wednesday, according to AAA – an increase of more than 80% from a year ago in the hardest-hit states, many of them competitive in the November midterm elections. The response from the…
Saudi Arabia intercepts wave of Houthi missiles as oil climbs to one-week high
Saudi Arabia says it intercepted six ballistic missiles fired by Yemen's Iran-backed Houthis, with the latest attacks pushing oil prices to a one-week high over fears of spiralling supply disruptions. The Saudi-led coalition in…
Live: ASX to fall as bond market turmoil deepens, oil jumps
ASX 200 Futures: -0.3% to 8,708 points Australian dollar: flat at 70.12 US cents Wall Street: Dow Jones (-0.3%), S&P 500 (-0.02%), Nasdaq Composite (+0.01%) Europe: Stoxx 600 (-0.55%), DAX (-0.57%), FTSE (-0.2%) Spot gold: -0.2% to $US4,277/ounce…
US Stock Futures Drop as Yields Climb Further, Oil Rises
Stock futures slumped Thursday amid a surge in bond yields and a fresh climb in oil prices, which is dragging down the broader market despite renewed optimism about AI after Meta Platforms Inc. 's rollout of a popular new tool. Contracts on the S&P…
Stocks struggle amid oil, bond price volatility
Stocks in London ended lower on Thursday as investors weighed developments in the US- China summit and kept a watchful eye on elevated bond yields and oil prices. In London, the FTSE 100 index ended down 25.27 points, 0.2%, at 10,679.99. The FTSE…
Market Resilient As Yields, Oil Keep Rising; Tesla Event On Deck
Dow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures. The stock market rally came off morning lows to close mixed in the face of further big gains for Treasury yields and oil prices. The Nasdaq still is close…
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