Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The truth behind Donald Trump's 'biggest oil deal in world history'
Donald Trump has long coveted the oilfields of other nations and declared an agreement with Venezuela to be “the biggest oil deal in world history”. But the deal, reached after the US seized Venezuelan president Nicolás Maduro…
Venezuela's oil cradle pins hopes on US energy deals
More than a century after sparking an oil boom that transformed Venezuela, the small town of Mene Grande is again in the sights of investors. The United States has claimed a 20 percent stake in Venezuela's vast oil reserves -- including many local…
FTSE 100 edges up as oil fall offsets bond worry
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 made modest progress on Friday as lower…
A reprieve from rising oil prices helps US stocks finish the week higher
NEW YORK (AP) — A cooldown in oil prices on Friday helped release some of the pressure that's built up on Wall Street, and U.S. stocks closed out their first winning week in the last three. The S&P 500 added 0.5% to break a three-day losing…
FTSE 100 edges up as oil fall offsets bond worry
Stocks in London made modest progress on Friday as lower oil prices amid hopes of progress in US- Iran negotiations helped offset concerns over another rise in bond yields. In London, the FTSE 100 index ended up 15.26 points, 0.1%, at 10,695.25.
Best Oil Change
You have permission to edit this article. Get up-to-the-minute news sent straight to your device.
Canadian oil bypasses California stop as freight surges - TT
The Burnaby Refinery in Burnaby, British Columbia. (James MacDonald/Bloomberg) Canadian crude shipments are bypassing a pit stop off the California coast and heading straight to Asia as skyrocketing shipping rates make the detour less economical…
Import duty cut on edible oils ahead of festivals | Explained
The Story So Far: Ahead of the upcoming festival season, where the demand for edible oil is likely to increase, the Union Government announced on September 24 through a press release issued by the Consumer Affairs Department that the Basic Customs…
Russia burns as fire erupts at oil refinery after Ukraine defies Trump's demand
Ilsky oil refinery in Krasnodar was hit by a Ukrainian attack Ukraine has claimed responsibility for an attack on yet another oil facility deep inside Russia. Overnight, the Ukrainian Defence Forces struck the Ilsky Oil Refinery, located in the…
Texas officials call for oil and gas producers to beef up defense
Reported cyberattacks on two Texas-bound energy tankers last month prompted one of the state's top energy officials to urge oil and gas producers, pipeline operators, and other energy companies to boost their own cybersecurity defenses. Texas…
Canada's Oil Patch On Track For Biggest M&A Wave In A Decade
Nearly a decade ago, the Canadian Oil Patch recorded a major asset sale and consolidation wave as oil majors exited the oil sands in favor of higher margins in U.S. shale oil as well as environmental concerns amid the ESG investing craze. To wit…
You thought gas prices were high in Mass.? Wait until you see your heating oil bill
As temperatures continue to lower and the winter months approach, the record high price of home heating oil is a concern for many New England residents. Home heating oil prices are averaging a record high of $6.15 a gallon statewide this week…
Number of int'l flight passengers up 10% this year despite hikes in oil prices
The number of international flight passengers using Korean airports rose around 10 percent in the January-August period from a year earlier despite a sharp rise in oil prices, data showed Saturday. A total of 68.44 million people used international…
America's Roundup: Dollar dips as oil eases,Wall Street ends higher , Oil prices drop about 3%
•US Durable Goods Orders (MoM) (Aug) 0.0%, -0.3% forecast, 0.9% previous •US Core Durable Goods Orders (MoM) (Aug) 0.3%, 0.6% forecast, 0.7% previous •US Durables Excluding Defense (MoM) (Aug) 0.1%, 1.4% previous •US…
Iran war oil shock outliving Ukraine fallout (USO:NYSEARCA)
The oil price shock triggered by the ongoing war with Iran is proving more severe and prolonged than the market fallout from Russia's 2022 invasion of Ukraine, according to Wall Street financier Steve Rattner. Rattner's data compare the change in…
Receive a Daily briefing on Oil Industry News
Get Started