Oil Industry News
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UK risks being 'uninvestable' if new oil and gas fields not approved, warns Equinor
Oil giant Equinor has warned it may shun further investments in the UK if new oil and gas fields at Rosebank and Jackdaw are not approved. 'The question will be: is the UK investable in the future? I hope it will not come to that,' said Anders…
Lower oil boosts FTSE 100 but defence stocks lag
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. Stocks in London made progress on Tuesday, supported by…
Oil Rises Amid Ongoing Mideast Tensions
0008 GMT — Oil rises in early Asian trade amid ongoing tensions in the Middle East that could sustain concerns over supply disruptions in the region. Attacks by Yemen 's Houthi rebels damaged two airports in southern Saudi Arabia near the…
Why G7 Countries Releasing Millions Of Barrels Of Oil Is Good For American Oil Companies
American oil companies stand to benefit most from the G7's coordinated release of 100 million barrels of crude and diesel reserves. The release eases market pressures without restricting U.S. fuel exports, preserving high oil prices and demand for…
Yitzhak Tshuva's Ithaca Energy invests $860 million in Canadian oil drilling
Businessman Yitzhak Tshuva, the controlling shareholder of Delek Group, is not satisfied with oil drilling operations in the Mediterranean and the North Sea alone. Recently, it was reported that North Sea-focused Ithaca Energy is purchasing…
UK oil refinery broke toxic pollution limits dozens of times
One of the UK's biggest oil refineries spilled pollution into local rivers and the Mersey Estuary on dozens of occasions in 2023 and 2024, documents shared exclusively with the BBC suggest. EET Fuels, formerly known as Essar, which runs Stanlow…
Lower oil boosts FTSE 100 but defence stocks lag
Stocks in London made progress on Tuesday, supported by falling oil prices, a calmer bond market and US stock gains. In London, the FTSE 100 index ended up 43.75 points, 0.4%, at 10,541.69. The FTSE 250 rose 91.58 points, 0.4%, to 24,215.33, and…
UK oil refinery broke toxic pollution limits dozens of times
Esme Stallard Senior climate and science reporter One of the UK's biggest oil refineries spilled pollution into local rivers and the Mersey Estuary on dozens of occasions in 2023 and 2024, documents shared exclusively with the BBC suggest. EET…
Emerging Markets Gain as Oil Drop, Brazil Vote Boost Sentiment
Emerging-market stocks and currencies rose Tuesday as Treasury yields and oil prices eased, while Brazilian assets remain in favor after a conservative sweep in the first round of the presidential election. MSCI's emerging market stock index rose…
U.S. Stock Futures Nudge Higher as Oil Falls Below $100
U.S. stock futures extended gains and oil prices fell back below $100 a barrel in early European trade, as investors brushed off stubbornly elevated Treasury yields to push equities higher. Futures for the Dow Jones Industrial Average and the S&P…
Amy Coney Barrett raises 'quibble' in Big Oil Supreme Court case
The Supreme Court 's new term opened Monday with a potentially landmark case pitting states and local governments against some of the world's largest oil firms. The case asks whether states can hold oil giants liable under state law for climate…
The War on High Oil Prices Has Many Fronts
This article is for subscribers only. Welcome back to Bloomberg's Defense Monitor, a weekly rundown on the companies, geopolitics and finances of the future battlefield. Sign up now if you're not already on the list. The war in Ir... — that…
Japan aims to agree on action plans with Asian partners to bolster oil reserves
Japan aims to agree on action plans with its Asian partners to boost crude oil reserves across the region at a ministerial meeting of the Japan-led Asia Zero Emission Community in the Philippines on Thursday, the industry minister said on Tuesday.
Big Oil asks Supreme Court to kill climate lawsuits before trial
The US Supreme Court heard arguments from oil companies on Monday that could help decide the fate of more than two dozen lawsuits accusing the industry of deceiving the public about climate change. The claims seek potentially billions of dollars in…
This Lawsuit Could Make Big Oil Pay for the Harm It's Caused
Bluesky The Supreme Court began its new term on Monday by hearing oral arguments in Suncor Energy Inc. v. County Commissioners of Boulder County. The case involves a potentially landmark environmental lawsuit filed by the city of Boulder, Colorado…
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