Oil Industry News
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Daily on Energy: Oil surges above $100
The U.S. and Iran are facing another military escalation at sea. The U.S. Central Command said Tuesday night that it destroyed five Iranian oil tankers in response to recent attempts to hit a U.S. Navy warship. The U.S. hit four Iranian crude ships…
Landman Adds Michael Kelly As Oil Industry Bigwig In Season 3
In addition to playing 'House of Cards' chief of staff Doug Stamper, a part that earned him four Emmy nominations, Michael Kelly's other TV work includes roles on 'Lioness,' 'The Penguin,' 'Jack Ryan,' 'Taboo,' 'Black Mirror,' 'Person of Interest,'…
Oil price forecasts climb as Wall Street gives up on a quick end to the global oil shock
Around the time Ben Shelton was polishing off his US Open victory over Carlos Alcaraz in the wee hours of Wednesday morning, the price of oil was making some waves of its own, climbing back above $100 per barrel. The break into triple digits was…
$100 oil is putting China's new role as a 'demand-side OPEC' to the test
Oil is back above $100 a barrel as renewed fighting between the US and Iran raises fears of further supply disruptions in a market already hit by the largest oil supply disruption in history. International benchmark Brent crude breached $100 a…
US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climb
WASHINGTON (AP) — Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war keep costs elevated. The Labor Department's producer price index — which captures…
Oil Sands Now Has Policies Needed to Boost Output, Canada Says
Canadian oil sands producers now have what's needed policy-wise from the federal government to raise production enough to fill major new oil pipeline capacity, the country's energy minister says. The government on Wednesday revealed plans to remove…
Buy now or wait and hope? Families face gamble on heating oil
As the summer draws to a close, families who rely on fuel oil to heat their homes are facing a dilemma. The price has almost doubled over the past year, following the outbreak of conflict between the US and Iran. It has left people wondering…
Buy now or wait and hope? Families face gamble on heating oil
Jake Zuckerman BBC East Yorkshire & Lincolnshire As the summer draws to a close, families who rely on fuel oil to heat their homes are facing a dilemma. The price has almost doubled over the past year, following the outbreak of conflict between the…
Oil extends gains, with Brent above $101 after U.S. destroys Iranian oil tankers
Escalation in the U.S.-Iran conflict, now in its seventh month, is raising the risk of oil prices surging above $120 a barrel as attacks on shipping intensify, Goldman Sachs said. U.S. President Donald Trump's top White House advisers have raised…
Wealthy investors seek oil and gas assets, but bargains are scarce
Ultra-high-net-worth investors and family offices are looking to tap into long-term energy demand, not just commodity price swings, by investing in oil and gas assets, investment advisors told CNBC. However, the Iran war and the AI boom have…
Oil Prices Mixed as Traders Look to Middle East -- Update
American forces destroyed 10 Iranian tankers over the past week, the U.S. Central Command said on social media platform X. These vessels were part of a multibillion-dollar shadow network that finances the Islamic Revolutionary Guard Corps, the…
Asking Price for Russian Oil Soars as China Runs Out of Options
The asking price for oil from Russia's Pacific coast is soaring, with Chinese refiners snapping up spot cargoes as their supply options narrow, according to traders. ESPO crude for November-loading was offered at more than $20 a barrel above Brent…
Oil prices surpass 100 dollars a barrel after US strikes on Iranian tankers
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. Oil prices have risen above 100 dollars a barrel for the…
Glencore's Billionaire Ex-Oil Head Pleads Not Guilty to Bribery Charges
Alex Beard, the billionaire ex-head of oil at Glencore Plc, pleaded not guilty to bribery and corruption at court in London, setting up a highly anticipated trial next year. Beard and his former colleague Andy Gibson, ex-head of oil operations, are…
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