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 options market is sending a contrarian signal about oil prices
Sometimes the best course of action to take on Wall Street is the opposite of what everybody else is doing. With that in mind, we note that the options market is flashing a new sell signal, via what's known as the put-call ratio, for the United…
FTSE 100 edges up as oil fall offsets bond worry
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 modest progress on Friday as lower…
Italy to Convene Oil Refiners as it Seeks to Boost Fuels Output
The Italian government will meet its oil refining industry next month to discuss a boost in production as concern grows that surging prices for diesel and other fuels could stoke inflation. The meeting scheduled for Oct. 8 is the latest sign that…
A reprieve from rising oil prices helps US stocks finish the week higher
NEW YORK (AP) — A cooldown in oil prices on Friday helped release some of the pressure that's built up on Wall Street, and U.S. stocks closed out their first winning week in the last three. The S&P 500 added 0.5% to break a three-day losing…
US Stock Futures Rise as Investors See Relief in Yields, Oil
US stocks climbed as oil and Treasury yields pulled back from the recent surges ahead of data on inflation expectations. The S&P 500 Index opened 0.3% higher on Friday, led by gains in the tech and industrials sectors. Akamai Technologies Inc. was…
FTSE 100 edges up as oil fall offsets bond worry
Stocks in London made modest progress on Friday as lower oil prices amid hopes of progress in US- Iran negotiations helped offset concerns over another rise in bond yields. In London, the FTSE 100 index ended up 15.26 points, 0.1%, at 10,695.25.
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Canadian oil bypasses California stop as freight surges - TT
The Burnaby Refinery in Burnaby, British Columbia. (James MacDonald/Bloomberg) Canadian crude shipments are bypassing a pit stop off the California coast and heading straight to Asia as skyrocketing shipping rates make the detour less economical…
Oil Prices Decline on Hopes of a Hormuz Deal
Good morning. Oil prices fall on hopes of a deal to reopen the Strait of Hormuz. Wall Street and tech titans join Donald Trump's state dinner for Xi Jinping. And our Deep Dive looks at how some investors are giving blood to get access to higher…
Oil Prices Fall as Markets Look to Iran Truce, but Remain Wary of Attacks on Oil Facilities
Oil prices fell slightly on Friday as markets weighed the possibility of a truce between the US and Iran against the bombing of Saudi Arabia by Houthi rebels after a week of price spikes. Brent was down 74 cents, or 0.69%, to…
Oil prices decline as investors look for signals on Hormuz - TT
A pump jack near Imperial, Texas. (Mark Felix/Bloomberg) Oil prices declined Sept. 25 as investors look for signs of the reopening of the Strait of Hormuz, the key waterway for global oil transport. The Dow is off 0.6% for the week to date, which…
Futures Rise As Oil, Yields Drop On Iran Diplomacy Hopes
US futures erased earlier losses and are trading at session highs led by tech, as bonds steadied (with the 10Y at multi-decade highs of 5.17%) after oil's latest rally lost steam, helping US stocks to extend gains for the week. As of 8:00am ET, S&P…
Why The U.S. Is 'Front And Center' Of Global Oil Trade
From nowhere-to-be-seen to just about everywhere, the U.S. is now a leading player in global crude markets, achieved by supplying a commodity coveted by buyers all over the world, says Euan Craik, the global head of oil at Argus Media Ltd. It's all…
Texas officials call for oil and gas producers to beef up defense
Reported cyberattacks on two Texas-bound energy tankers last month prompted one of the state's top energy officials to urge oil and gas producers, pipeline operators, and other energy companies to boost their own cybersecurity defenses. Texas…
Oil Pulls Back as Cautious Hopes Compete With Escalation
0043 GMT — Oil prices fall back in Asian trade as traders weigh the latest headlines around efforts to reopen the Strait of Hormuz, the critical energy shipping lane blocked by fighting in the Middle East. Oil is following the now-familiar…
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