Oil Industry News
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Energy Down Amid Oil Volatility -- Energy Roundup
Shares of energy companies fell amid volatility in oil futures. Oil plunged below $80 a barrel, before paring some losses to close down 12% at $83.45 a barrel. It was still the biggest loss since 2022, after President Trump indicated the war in…
International Energy Agency to release record oil reserves to calm markets
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 International Energy Agency (IEA) says it has agreed…
Trump touts US oil refinery deal with India's energy giant Reliance Industries
US President Donald Trump on Tuesday said Indian energy giant Reliance Industries was backing a deal to build the first new major oil refinery in the United States in half a century. Trump made the announcement via his Truth Social platform, saying…
IEA launches record release of oil reserves to counter energy shock
Our digitised version of the FT newspaper, for easy reading on any device. FT Digital Edition: our digitised print edition Global news & analysis Expert opinion Translate instantly to 26 languages Lex: FT's flagship investment column FT Magazines…
Trump's energy secretary sends oil markets into frenzy: report
A social media post from President Donald Trump 's energy secretary that was quickly deleted has sent oil markets into a frenzy, according to a new report. Earlier Tuesday, Energy Secretary Chris Wright wrote on X that the U.S. Navy had escorted an…
Iran Targets Oil Facilities as Global Energy Concerns Grow - TT
Smoke rises from an Israeli airstrike in Dahiyeh, Lebanon, near Beirut on March 10. (Bilal Hussein/AP) DUBAI, United Arab Emirates — Iran attacked commercial ships on March 11 across the Persian Gulf and targeted Dubai International Airport…
International Energy Agency to release record oil reserves to calm markets
The International Energy Agency (IEA) says it has agreed to release a record 400 million barrels of oil from its strategic reserves to help stabilise markets. The UK Government said it will contribute 13.5 million barrels from its own stockpile for…
Japan ready to join coordinated intervention in oil markets
Japan may release oil from its stockpiles for the first time since 2022, either in coordination with other countries or on its own, as the Strait of Hormuz remains effectively shut and the oil market is on edge. “We confirmed that we are…
Worcestershire woman calls for green energy support as heating oil costs rise
Oprah Flash and Gavin Kermack, West Midlands A woman who uses heating oil to power her rural home has called for more support for those not connected to a gas network to access more environmentally-friendly sources of energy. Jemma McCarron lives…
Worcestershire woman calls for green energy support as heating oil costs rise
A woman who uses heating oil to power her rural home has called for more support for those not connected to a gas network to access more environmentally-friendly sources of energy. Jemma McCarron lives in a barn conversion in Hanley Swan…
Heating oil protection calls after 'shock' price rises
Steven McKenzie,Highlands and Islands reporterand There are calls for thousands of rural Scottish households that rely on heating oil to warm their homes to get better protection against 'shock spikes' in costs. The US-Israel war with Iran saw oil…
IEA unlocks 400 million oil barrels from reserves
This story is developing, more to follow The International Energy Agency (IEA) today unlocked 400 million barrels of oil from their reserves - the biggest such release ever - to ease the impact of the Middle East war. 'The oil market challenges we…
IEA member countries to release 400 million barrels of oil into global market
Member countries of the International Energy Agency will release 400 million barrels of oil into the global market to offset supply lost from the de facto closure of the Strait of Hormuz. CNN's Becky Anderson asks French Minister Delegate for…
Watch Vanda Insights on Oil Markets, IEA Report
Vanda Insights on Oil Markets, IEA Report Vandana Hari, Founder of Vanda Insights, discusses her outlook on the oil markets following a report saying the International Energy Agency is proposing the largest release of reserves in history to tackle…
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