Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Graham on Iran: I Want to 'Hurt Them More' by Wrecking Oil Industry
Israel-First GOP Senator Lindsey Graham wants President Trump to order more bombing of Iran's civilian infrastructure and to “hurt them more,” and apparently doesn't care that Republicans might well lose the midterms because of…
Korea, Japan agree to strengthen oil, LNG cooperation against energy crisis
President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi agreed to strengthen cooperation on supply chains, including crude oil and liquified natural gas (LNG), during a bilateral summit in Lee's hometown of Andong, North Gyeongsang…
Why Oil Price Spikes Cause Recessions But High Prices Don't
Oil tankers in the Strait of Hormuz. (Photo by Asghar Besharati/Getty Images) Rising oil prices often trigger recession, but high and stable oil prices don't. This distinction is key to understanding the effects of the current jump in energy costs…
The oil market is headed for a dire turning point in June, one research firm warns
Market watchers have puzzled over the reasons for oil's resilience in recent weeks, but things could be about to change for the worse, one research firm is warning. HFI Research, an investment research firm with a focus on energy markets, said it…
These are the bond yield and oil levels that could break the bull market
22V Research sees levels for bond yields and oil prices that could throw cold water on the bull market — and the firm is warning that they're not too far off. Dennis DeBusschere, chief market strategist at the firm, said investors he…
'Only a complete whacko' would scale down North Sea oil and gas, MPs told
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. Boosting renewable energy supplies will stop…
Auto industry braces for motor oil shortage
NEW YORK — Wholesale motor oil prices are rising rapidly, and some industry executives are warning of imminent shortages caused by the war with Iran. Damage to key facilities in the Middle East and the shutdown of the Strait of Hormuz have…
Petrol prices reach highest level of Iran oil crisis
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. Petrol prices have eclipsed the previous highest level of…
Bond Market's Woes Go Far Beyond the Price of Oil
This article is for subscribers only. Bonds are buckling around the world, propelling borrowing costs to multi-year highs. The causes are rooted in geopolitical, demographic and technology trends that are hitting most everywhere, all at once. Here…
Oil Prices Remain Above $100 as Iran War Dominates Markets - TT
A gas tanker drives in to fill up at a fuel terminal in Irving, Texas. Gas prices rose overnight to $4.53 a gallon. (LM Otero/AP) Wall Street leaned toward losses early May 19 and oil prices remained above $100 per barrel as uncertainty about a…
'Only a complete whacko' would scale down North Sea oil and gas, MPs told
Boosting renewable energy supplies will stop “petrostates and dictators” meddling with the UK cost of living, Ed Miliband has said, after his Conservative opposite number warned “only a complete whacko” would scale down…
Trump administration extends Russian oil sanctions waiver for 'most vulnerable nations'
The Trump Administration is extending a waiver that allows some Russian oil to be purchased despite sanctions on Moscow, as the war in Iran leads to higher gas, oil and energy prices. The policy is intended to help nations that are the most…
Oil Holds Near $110 After Trump Delays Iran Strike
Oil prices steadied near $110 as Trump delayed planned action against Iran and Washington extended waivers for buyers of Russian crude. Historic SPR Drawdowns Propel US Crude to Global Markets Record US SPR volumes are pushing out record volumes of…
Indonesia's oil hub pitch collides with Asean's trust deficit
Indonesia has proposed hosting an Asean oil storage hub to reinforce the region's emergency fuel reserves, as supply disruptions from the Middle East lay bare the region's vulnerability to energy shocks. But analysts say the plan, while attractive…
Watch Formentera Partners on Oil Markets, Iran War Impact
Formentera Partners on Oil Markets, Iran War Impact Bryan Sheffield, Managing Partner at Formentera Partners, discusses the impact from the Iran war and outlook for the energy market. He speaks with Paul Allen from the sidelines of the Australian…
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