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 as Oil Futures Remain Elevated -- Energy Roundup
Shares of energy companies rose as oil futures remained elevated. 'Oil markets are operating under a veneer of stability, but the underlying system remains acutely stressed,' said Ben Hoff, a strategist at French brokerage Societe Generale, citing…
MPs reject Tory bid to issue new oil and gas licences
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. A bid to permit licences to explore new oil and gas…
Imperial Oil Ltd. stock rises Tuesday, outperforms market
Shares of Imperial Oil Ltd. IMO rose 2.24% to C$189.41 Tuesday, in what proved to be an otherwise all-around down trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.27% to 33,741.24. Imperial Oil Ltd. hit a…
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…
MPs reject Tory bid to issue new oil and gas licences
A bid to permit licences to explore new oil and gas fields has been rejected by MPs. The Commons voted 108 to 323, majority 215, to throw out a Tory amendment to the King's Speech which pressed ministers to approve drilling at Rosebank and Jackdaw…
Oil Holds Decline as Traders Weigh Trump's Latest Iran Threats
Oil held steady as traders weighed President Donald Trump's newest threat to resume strikes on Iran, a pledge the US leader has made repeatedly before backing off since a truce started in early April. West Texas Intermediate was near $104 a barrel…
'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…
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…
Massive Options Bet Rattles Oil Market On Edge Over Iran War
A huge options bet Tuesday on Brent crude prices plunging rattled oil traders already on high alert for unusual flows, as Iran war headlines continue to whipsaw prices and regulators probe suspicious trading. Put options equivalent to 134 million…
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…
Why Fenty Hair's Latest Oil Is My Go-to
Getting your Trinity Audio player ready… In an industry with an overwhelming amount of product launches daily, The Empties Edit helps you cut through the noise. To help you find your new beauty and wellness favorites, this series highlights…
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