Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Texas' oil industry largely silent on Bo French's tweets
Bo French, the rabble-rousing candidate for the Texas Railroad Commission, drew national attention this week for singling out a group of students of South Asian descent at a Longhorns game in a racist social media post, thrusting the…
Oil prices fall on optimism that more Saudi crude will reach markets
Sept. 17 (UPI) -- Oil prices fell Friday as investors were optimistic that Saudi crude would reach global markets and ease concerns about supply despite new fighting between Saudi Arabia and Yemen's Iranian-backed Houthis Brent crude futures, the…
Interior watchdog clears official over agency work involving his former oil industry employer
An agency watchdog failed to substantiate allegations that a senior Interior Department official violated ethics rules by participating in matters that impacted his former employer, according to a report that was published on Wednesday. The…
Canada's Oil Sands Get a Boost From Mark Carney
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, commodities editor and Calgary bureau chief Iain Boekhoff looks at the growing alignment between Ottawa and Canada's oil industry.
Dangote refinery: Share-buying frenzy makes oil barons out of Nigerians
Every Nigerian is now an oil magnate. At least that is what the social media memes would have you believe as investor fever hits the country. Nigerians have been eager to have a piece of the energy business that was built up by the country's…
Dangote refinery: Share-buying frenzy makes oil barons out of Nigerians
Mansur Abubakar, Abuja and Chris Ewokor, BBC Africa, Abuja Every Nigerian is now an oil magnate. At least that is what the social media memes would have you believe as investor fever hits the country. Nigerians have been eager to have a piece of…
Oil Traders Stymied by Iran War Stalemate
On one hand, oil fell on Thursday. On the other, it's still about $105 a barrel. And the reason for that three-digit crisis continues to metastasize across the Middle East. More than six months after the US and Israel launched the Iran war, oil…
Asian Stocks to Gain on Lower Oil, US Bonds Rally: Markets Wrap
Asian stocks and bonds were set to rise, tracking a Wall Street rally as a pullback in oil prices eased inflation concerns and helped revive appetite for risk. The yen was steady ahead of the Bank of Japan's rate decision. Equity-index futures for…
Gold Rises, Likely Supported by Oil Pullback
0016 GMT — Gold gains in early Asian trade. The yellow metal likely climbed as the pullback in oil prices eased concerns around inflation and future rate hikes by the Federal Reserve, say ANZ Research analysts in a note. Investors don't…
Tech leads Wall St to higher close as oil eases, Treasury yields dip
Wall Street bounced back on Thursday as easing oil prices, dropping US Treasury yields and solid labor data helped markets move beyond the Federal Reserve's first interest rate hike in more than three years. SCROLL TO CONTINUE WITH CONTENT All…
Oil Falls as Worries Over Middle East Supply Disruptions Ease
0036 GMT — Oil is lower in early Asian trade, as supply fears fueled by the outage of Saudi Arabia 's East-West pipeline ease. Saudi Arabia expects to return about half of the capacity of its damaged East-West pipeline within days, say ANZ…
Asian shares mostly rise, cheered by a US rally and easing oil prices
Asian shares mostly rose in early Friday trading, getting a lift from a rally on Wall Street as well as declining oil prices. Japan 's benchmark Nikkei 225 gained 0.8% in early trading to 64,662.11, as the Bank of Japan ends a two-day monetary…
Iran says struck oil tanker in Strait of Hormuz
TEHRAN— Iran's Revolutionary Guards said Friday they struck an oil tanker sailing under the Togolese flag in the Strait of Hormuz, state news agency IRNA reported. Tehran has imposed an effective blockade of the strait since the United…
Oil prices fall as Saudi supply hopes outweigh fresh Houthi strikes
Oil prices fell around 1% as additional Saudi crude supplies helped ease disruption fears. Fresh Saudi-Houthi strikes raised concerns that the widening Middle East conflict could further threaten energy supplies. Analysts say geopolitical…
India warns U.S. new tariffs to deter buyers of Russian oil could impact ties
India said Thursday that it remained firmly committed to ensuring energy security for its people and will continue to source supplies from diverse sellers based on market dynamics, hours after the U.S. made a new move to punish such buyers. New…
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