Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Up With Oil Futures -- Energy Roundup
Shares of energy companies rose alongside oil futures amid doubts about the sustainability of a U.S.-Iranian cease-fire. The price of Brent crude oil, the international benchmark, was edging toward $100 Tuesday afternoon after reports that Vice…
Daily on Energy: Oil market drama and Wright backtracks
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…
Trump invokes Defense Production Act to boost oil, coal and energy infrastructure
President Trump on Monday invoked wartime authority under the Defense Production Act (DPA) to try to push for more oil, gas and coal. The DPA gives the president the authority to increase the production of certain items to advance national…
Qld parliament live: Sports minister in hot seat, LNP continues to push for Qld oil industry; youth crime bill debated
The Crisafulli government continues to face questions about the conduct of Sport and Olympic Games Minister Tim Mander, and whether he knowingly misled the state's electoral commission. On Monday, it was reported that Mander was enrolled to vote at…
Heating oil help for households in North Lincolnshire on the way
David McKennaEast Yorkshire and Lincolnshire Households in North Lincolnshire who rely on heating oil are set to receive help with their bills. Unlike for those who use gas and electricity for their domestic fuel, prices for households using oil…
Higher Oil Prices Pose a Dilemma for US Shale
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, energy reporter David Wethe looks at the path ahead for US shale drillers as oil trades 30% above prewar levels. The casual observer…
How the Iran war oil and gas supply shock compares with past disruptions
The U.S.-Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on record by daily output lost, though at least one earlier shock had a greater cumulative impact, according to Reuters…
How California's Kids Are Taking On Big Oil
Bluesky At his home in Pasadena, high schooler Atticus Jackson frantically shoved his belongings into his car as the sky turned a deep orange. A few hundred feet away, the fire climbed up the mountain and a cloud of red and gray smoke obscured the…
From Oil Shock To Record Highs: Markets Respond To Conflict
In response to the U.S. attack, Iran moved to assert control over the Strait of Hormuz, the narrow waterway through which a meaningful portion of the world's oil supply passes. A ceasefire has been announced, and markets have responded positively…
Oil, Equities, and Relative Valuation Trends: Macro Man Podcast
Bloomberg's Cameron Crise discusses the statistical linkage between US equities and oil, as well as relative valuation trends across global stock markets.
Oil prices hold near $100 as Iran ceasefire extended
Oil prices remained near $100 a barrel after the US president announced an indefinite extension of the ceasefire with Iran, just hours before its expiry. The Strait of Hormuz remained closed, with the US navy continuing its blockade of Iranian…
Oil prices fluctuate as status of US-Iran peace talks remains unclear
Global oil prices fluctuated in early Asian trading on Wednesday as the status of peace talks between the US and Iran remains unclear. On Tuesday, US President Donald Trump said he will extend a ceasefire with Iran until talks between the two…
Trump Weighs Shipping Waiver Renewal to Ease Oil, Gas Prices
The Trump administration is weighing an extension of a maritime shipping waiver that has made it easier to move oil and gasoline between US ports as the Iran war strains energy supplies globally, according to people familiar with the matter.
Oil Rises on Strait of Hormuz Likely Remaining Closed
0010 GMT — Oil rises in early trade on prospects that the Strait of Hormuz might stay effectively closed. President Trump extended the cease-fire with Iran, but added that the U.S. will continue the blockade of the country's ports until…
China Aggressively Sold Oil in Recent Weeks, Mercuria CEO Says
Chinese oil companies have been aggressive sellers in recent weeks, selling barrels to several nations in tenders, according to the chief executive officer of commodity trader Mercuria Energy Group Ltd. “What has been happening in the last…
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