Oil Industry News
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Watch Why Oil Markets Won't Recover Quickly From the Iran War
The war in Iran has sent shockwaves through global energy markets, pushing oil and gas prices higher and raising concerns about long-term supply disruptions. IEA Executive Director Fatih Birol tells Chrystia Freeland that even if the Strait of…
Why oil prices & Strait of Hormuz are trending | CNN Business
Oil prices dropped sharply on Friday after the Iranian foreign minister said the Strait of Hormuz will be 'completely open' for commercial transit during the remainder of the ceasefire. CNN's David Goldman explains what this means for gas prices in…
Convoy of oil tankers passes through Strait of Hormuz
A convoy of oil tankers has passed through the Strait of Hormuz, vessel tracking data shows, after Iran declared the waterway 'completely open'. Tracking site MarineTraffic shows several ships appearing to be moving through the waterway, including…
Oil Prices Are Soaring. These 3 Energy Stocks Are the Ones to Buy in April.
Crude prices have skyrocketed this year due to the war with Iran. Brent, the global oil benchmark, has soared more than 60% to around $100 a barrel. Meanwhile, WTI, the primary U.S. oil benchmark, has rocketed 65% to about $95 a barrel. Despite the…
Oil prices drop 9% and Wall Street rallies to a record
NEW YORK (AP) — Oil prices dropped back to where they were in the early days of the Iran war, and U.S. stocks raced to another record Friday after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude from the…
Texas oil and gas industry again reports job losses in February
(The Center Square) – Despite President Donald Trump's pledge to “drill baby drill,” U.S. domestic drilling growth hasn't materialized in Texas. Rig counts are down and job losses in the Texas oil and natural gas industry were…
Don't get swept away by longevity snake oil. But check out red light therapy and saunas
Snake oil: a product that promises everything and delivers nothing. Are red light therapy and saunas in this class of wellness trends, or do they have benefits?
So What Is the Real Oil Price Right Now?
For all my reporting life, I've dreaded one question: What is the price of oil — the real one? Invariably asked during a crisis, it demands a neat answer, a precise dollar-per-barrel figure. But each time my reply is anything but: It depends…
One Indian oil tanker crosses Hormuz, four others turn back
Amidst rising tensions, one Indian oil tanker successfully navigated the Strait of Hormuz while others turned back, highlighting the strategic waterway's importance for global energy supplies. One Indian-flagged oil tanker, Desh Garima…
Trump administration reverses course, extends Russian oil sanctions waiver
The Trump administration on Friday reversed course and extended a waiver on sanctioned Russian oil and petroleum products amid the Iran war, just days after a top Cabinet official said the U.S. would not be doing so. A license allowing countries to…
How The Oil Shock Is Clouding The Outlook For Interest Rates
Oil shocks are prompting the bond market to price in higher yields, with central banks potentially forced to hike rates if elevated oil prices persist and spill over into core inflation. Canadian investment-grade corporate bonds offer yields around…
U.S. renews Russian oil waiver after pressure from countries dealing with Iran war price shocks
U.S. President Donald Trump's administration on Friday renewed a waiver allowing countries to buy sanctioned Russian oil at sea for about a month, even as lawmakers accused the government of going easy on Moscow as its war on Ukraine grinds…
South Korea to receive 27 million barrels of crude oil in June
April 16 (Asia Today) -- South Korea will begin receiving 27 million barrels of alternative crude oil in June, part of a broader effort to stabilize energy supplies and diversify import sources amid disruptions linked to conflict in the Middle…
Watch Federal Agency Probes Suspicious Oil Trades Made Before Trump Pivots
Federal Agency Probes Suspicious Oil Trades Made Before Trump Pivots The top US derivatives regulator is investigating a series of suspiciously well-timed trades in the oil futures market ahead of recent policy pivots by President Donald Trump…
Daily on Energy: Strait of Hormuz and a Supreme Court win for oil majors
Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for…
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