Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil-starved industry looks to reignite heat pumps
The two-week truce between the US and Iran, along with the promise to reopen the Strait of Hormuz, seemingly offered a measure of relief. Yet, oil and gas supplies appear unlikely to return to pre-war levels anytime soon. In India, while the plight…
Oil Surges, US Futures Drop on Hormuz Blockade: Markets Wrap
Oil surged and US equity futures slid after President Donald Trump ordered a blockade of the Strait of Hormuz, escalating tensions with Iran following the collapse of peace talks. The dollar rose. Global benchmark Brent crude gained almost 8% and…
Analyst Ups Crescent Energy (CRGY) Price Target Following Oil Price Deck Revision
Crescent Energy Company (NYSE: CRGY) is included among the 15 Best American Energy Stocks to Buy According to Wall Street Analysts. Crescent Energy Company (NYSE:CRGY) engages in the exploration and production of crude oil, natural gas, and natural…
Northern Oil and Gas (NOG) PT Raised as Analyst Updates Strip Oil and Gas Prices
Northern Oil and Gas, Inc. (NYSE:NOG) is included among the 15 Best American Energy Stocks to Buy According to Wall Street Analysts. Northern Oil and Gas, Inc. (NYSE:NOG) is the largest, publicly traded, non-operated, upstream energy asset owner in…
Trump says price of oil, gas 'could be' down, 'the same or maybe a little bit higher' by the midterms
President Trump said Sunday that the prices of oil and gas could drop, stay even or go “maybe a little higher” by this year's midterm elections in comments that follow his announcement that the U.S. military would start blockading…
Oil jumps above $100 after US-Iran talks end without a deal
Oil prices jumped above $100 a barrel as energy markets reopened on Monday in Asia after talks between the US and Iran ended without a new deal and Donald Trump said he would blockade Iranian ports. Global benchmark Brent crude is up by 8.5% at…
Starmer refuses Trump's Hormuz blockade as UK oil prices set to soar
Sir Keir Starmer has declined to participate in Donald Trump's blockade of the Strait of Hormuz, which could intensify economic hardship for Britons through increased petrol prices. The president threatened to halt tankers from entering or exiting…
Starmer refuses to join Trump's Hormuz blockade as oil prices expected to rise
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Sir Keir Starmer has refused to join Donald…
Lessons learned in '70s have made the US and world economies less vulnerable to oil shocks
WASHINGTON (AP) — The world economy is experiencing a disorienting flashback to the 1970s. Oil prices are once again surging in the wake of war in the Middle East, driving up the cost of gasoline, diesel and jet fuel and threatening a return…
Oil prices surge after Trump says U.S. will blockade the Strait of Hormuz
The price of oil surged Sunday night after President Donald Trump said the U.S. would blockade the Strait of Hormuz following the failure of peace talks with Iran. U.S. crude oil soared 8%, to more than $104 per barrel. International Brent oil…
Watch Iran War Drives Oil Shock
As the conflict in Iran continues, there's growing concern about oil volatility and whether this is the beginning of a true supply disruption. Market Intelligence Founder & Director Amrita Sen joins Christina Ruffini and Tim Stenovec on Bloomberg…
Indonesian president to meet Putin in Russia for oil talks
Indonesia's President Prabowo Subianto will depart for Russia on Sunday for talks with counterpart Vladimir Putin on oil, Prabowo's office said. SCROLL TO CONTINUE WITH CONTENT The presidency in Jakarta confirmed to AFP that Prabowo would leave…
PHOTOS: Oil and gas drilling in the age of record production
Friendly policy from Republicans, including President Donald Trump's two administrations, has also allowed oil drilling to expand rapidly across the U.S. Many Americans might be familiar with the image of a pumping jack, a steel-and-iron structure…
Asia markets set for mixed open as oil surges after U.S. moves to blockade Iran ports
Failed U.S.-Iran talks revived fears of a longer war and deeper market strain. Oil jumped above $100 as Washington prepared a blockade on Iranian port traffic. Asian markets pointed to a mixed start as investors weighed rising geopolitical risks.
Oil prices spike after failed US-Iran peace talks and Trump's blockade of the Strait of Hormuz
Oil prices spiked past $100 per barrel after President Donald Trump imposed a blockade of the Strait of Hormuz in response to failed peace talks between Iran and the US. Brent crude oil futures reached $102 per barrel on Sunday evening, up $7 from…
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