Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The Oil Signal That Could Broaden The Market Rally
(Photo by Morteza Nikoubazl/NurPhoto via Getty Images) The S&P 500 has climbed more than 15% since early April, bouncing back after a tough stretch that began with the war in the Middle East and the closure of the Strait of Hormuz. The rebound has…
Ceasefire Uncertainty Remains the Biggest Driver for Oil Markets
Iran is reviewing the latest U.S. ceasefire proposal, raising hopes of a truce extension and tempering oil prices as traders weigh the risk of renewed Middle East disruptions. Ukraine's Refinery War Gives Russian Crude an Export Passport Ukraine is…
US emergency oil reserve approaching all-time low
America's emergency oil reserve is dropping toward levels not seen since the 1980s, as the United States rapidly drains its supplies to stabilize global energy markets rattled by the war with Iran. According to the latest report from the Energy…
Miners lift FTSE 100 while oil price heads lower
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 has made steady progress, with events in the…
There are thousands of dirty old drill sites in Colorado. The state gave oil firms a $1bn pass
When Christiaan van Woudenberg moved to Erie, Colorado, in 2007, he never imagined he would become an anti-fracking activist. He simply thought he was buying his dream home – a four-bedroom with a panoramic mountain view, 30 minutes north of…
Oil Holds Gains, US Futures Slip on War Confusion: Markets Wrap
US equity futures edged lower and oil held gains as Washington struggled to get efforts toward an Iran peace deal back on track. S&P 500 contracts slipped in early Asian trading after US benchmarks closed at record highs in New York on Monday. West…
Miners lift FTSE 100 while oil price heads lower
The FTSE 100 has made steady progress, with events in the Middle East continuing to largely dictate the market mood. The FTSE 100 closed up 34.56 points, 0.3%, at 10,373.51, while the FTSE 250 ended up 132.58 points, 0.6%, at 23,378.36, with the…
Oil Prices Dip; Still No Agreement to Reopen Hormuz - TT
Cargo and service vessels line the horizon as people ride a motorcycle along the Strait of Hormuz, off Bandar Abbas, Iran, on May 31. (Amirhosein Khorgooi/ISNA via AP) Markets are up as President Donald Trump says Israel and Hezbollah agreed to…
Gov't Extends Strategic Oil Stockpile Swap System Until End of June
South Korea will continue to operate its strategic oil stockpile swap system until the end of this month as part of efforts to reduce disruptions in crude oil supply and oil production amid the ongoing conflict in the Middle East. The Ministry of…
Watch Oil Market: Strait of Hormuz Could Reopen in July, Fitch Ratings Says
Fitch Ratings Sees Strait of Hormuz Reopening in July Fitch Ratings' Angelina Valavina discusses the outlook for the oil market, saying the firm's current assumption is for the Strait of Hormuz to reopen in July. She speaks on Bloomberg Television.
Oil slips after Trump says talks with Iran are ongoing
Oil prices trended lower on Tuesday following the previous session's sharp gains as the market remained cautious about progress in U.S.-Iran peace talks. U.S. President Donald Trump said on Monday talks with Iran were ongoing, while Tasnim news…
Experts Agree: Fish Oil Supplements Are Worth It
Like with many wellness trends, supplement chatter tends to come and go (with varying levels of efficacy). While there's not always a ton of clinical data behind the trends—and medical professionals rarely agree on efficacy (ahem, DIY…
Gov't extends public-private crude oil swap system until end-June
The government extended the operation of its crude oil swap system with private firms until the end of this month amid continuing uncertainties surrounding the Strait of Hormuz, a critical oil shipping route, the industry ministry said Tuesday. The…
Welcome to the Bedout Basin, Australia's newest oil frontier
Santos has locked in a huge drilling rig to explore a region it has described as the next North West Shelf, in a campaign that will include London-listed oil giant BP and could dramatically improve the country's energy security. The exploration…
LeBlanc Touts Integrated Canada-US Oil Market Before Greer Talks
The office of Canada-US Trade Minister Dominic LeBlanc stressed the importance of “maintaining the highly integrated North American energy market” ahead of talks in Washington with US Trade Representative Jamieson Greer. LeBlanc and…
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