Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump Officials Urge Oil Industry to Boost Output Amid War
Trump administration officials urged US oil producers to boost output, driving home a message to the industry that's become more urgent amid the war in Iran. Interior Secretary Doug Burgum and Energy Secretary Chris Wright made their plea during a…
Chinese trucks could go 100% electric, halving road transport oil use: industry
Industry estimates suggest that heavy-duty cargo traffic in China is on track to become nearly 100 per cent electric, a transition that could halve the country's road transport oil consumption. Speaking at a forum on intelligent electric vehicle…
Why oil prices & Strait of Hormuz are trending | CNN Business
Oil prices dropped sharply on Friday after the Iranian foreign minister said the Strait of Hormuz will be 'completely open' for commercial transit during the remainder of the ceasefire. CNN's David Goldman explains what this means for gas prices in…
Letters | Amid elevated oil prices, Hong Kong's stable energy system is a boon
Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at [email protected] or filling in this Google form. Submissions should not exceed 400 words. The outbreak of the war in…
Oil prices drop sharply and global markets surge as Strait of Hormuz reopened
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 price of oil has tumbled and stock markets globally…
Texas oil and gas industry again reports job losses in February
(The Center Square) – Despite President Donald Trump's pledge to “drill baby drill,” U.S. domestic drilling growth hasn't materialized in Texas. Rig counts are down and job losses in the Texas oil and natural gas industry were…
Oil price plummets as Iran declares Hormuz open
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 ended the week on a high on Friday, as Iran…
Supreme court sides with oil and gas firms in Louisiana coastal damage fight
The supreme court handed a win on Friday to oil and gas companies fighting lawsuits over coastal land loss and environmental degradation in Louisiana. The 8-0 procedural decision gives the companies a new day in federal court after a state jury…
Supreme Court gives oil and gas companies win in Louisiana environmental lawsuit
WASHINGTON (AP) — The Supreme Court handed a win Friday to oil and gas companies fighting lawsuits over coastal land loss and environmental degradation in Louisiana. The 8-0 procedural decision gives the companies a new day in federal court…
Oil is trading below $90 per barrel in the futures market. In Sri Lanka, buyers are paying $286.
Oil futures have traded in the $90 to $100 per barrel range this week. But in the physical market — where refiners and traders buy actual cargoes rather than paper contracts — prices have been dramatically higher, underscoring how…
Daily on Energy: Strait of Hormuz and a Supreme Court win for oil majors
Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for…
US Natural Gas Futures Waver on Plunging Oil Price, Lower Output
US natural gas futures fluctuated between slight gains and losses, paring an earlier rise as Iran's foreign minister said the Strait of Hormuz was “completely open.” The news sent oil prices plunging, triggering immediate financial…
The End Of Oil Volatility As A Weapon
This is the only chart that matters right now… not borrowing costs (@lukegromen). It's the weekly chart of Brent Crude. I've been telling my patrons for three weeks in the Market Reports that the Brent Crude chart has all the earmarks of a…
Stocks Rally as Oil Plunges on Reopening of Hormuz Strait
US stocks rallied Friday after Iran said it would open the Strait of Hormuz following the truce between Israel and Lebanon, promising to ease an oil shock that has shadowed the global economic outlook ever since President Donald Trump started the…
Oil price falls as Iran says Strait of Hormuz 'completely open'
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. Iran has said it has reopened the Strait of…
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