Oil Industry News
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South Korea secures UAE oil as energy risks rise
March 23 (Asia Today) -- This commentary is the Asia Today Editor's Op-Ed. South Korea's success in securing emergency crude oil supplies from the United Arab Emirates highlights the growing urgency of energy security as conflict in the Middle East…
Trump's 'very good' talks with Iran buy him time with oil and energy markets
There have been so many abortive rounds of diplomacy between the US and Iran – the latest appearing to be led by Pakistan after Washington has burned through many other regional mediators – that it was hardly a surprise that President…
Soaring Oil and a Green Energy Boom
Never miss an episode. Follow The Big Take daily podcast today. As the war with Iran drags out and oil prices remain turbulent, it raises the question of whether — and how — prolonged conflict in the Middle East might impact global…
Green energy boss backs more North Sea oil and gas production
The head of the UK's national green energy champion has joined other high-profile renewable energy leaders in making the case for more North Sea oil and gas production as the government braces for an energy cost crisis. GB Energy boss Jürgen…
California sues Trump energy department over revival of controversial oil pipeline
California attorney general Rob Bonta said he has sued the US energy department to stop it from using a cold-war era law to restart the long-disputed Sable Offshore pipeline system linking the Santa Ynez offshore platform to California refineries.
Oil Climbs on Escalation Fears, Trump Delays Energy Strikes, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Hunt for 'blood oil inside traders' who made millions from Trump energy strikes halt
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. Financial authorities were under pressure to…
Sinopec to ramp up Bohai Bay shale oil as backup to sustain output
Chinese oil firm Sinopec (0386) will step up shale oil development in the Bohai Bay basin after a successful pilot project, using the resources to help sustain longer-term oil output, its chairman said. SCROLL TO CONTINUE WITH CONTENT Last year…
EU delays proposal to permanently ban Russian oil imports
The European Commission will no longer submit a legal proposal to permanently ban Russian oil imports over Moscow's war in Ukraine on April 15 as previously planned, an updated EU legislative agenda showed on Tuesday. An EU official…
How does the current global oil crisis compare with the 1973 oil embargo?
The United States-Israeli war on Iran has caused the biggest oil disruption in history, according to the International Energy Agency (IEA). The agency was founded in 1974 as a direct response to the 1973 oil embargo, which saw Arab nations, led by…
Miliband dismisses demands for new North Sea oil and gas drilling
Labour 's green supremo Ed Miliband last night doubled down on his refusal to boost oil and gas drilling in the North Sea despite clarion calls to end the 'sheer lunacy' ban. The Energy Secretary told Labour MPs that more drilling would make no…
Oil majors boost FTSE 100 amid war uncertainty
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. The FTSE 100 closed higher on Tuesday, lifted by gains in…
Stock and oil futures surged minutes before Trump's Iran post
Stock and oil futures exploded in a sudden and unexplained burst of trading just minutes before President Donald Trump revealed a market-moving update on Iran on Monday morning. At approximately 6:50am in New York, S&P 500 e-mini futures on the CME…
Oil-Market Disruptions Will Be Lasting, Economists Say
Goldman Sachs in a note late Monday reiterated its expectation that oil flows through the Strait of Hormuz will be disrupted through April 10. The bank lifted its oil forecasts, which now see Brent crude hitting $115 a barrel in April, shortly…
Trump's Oil Market Messaging Runs Into Geopolitical Reality
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, reporter Alex Longley looks at the limits of recent messaging that has helped calm oil markets. Whether you're an optimist that…
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