Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil eases as Iran signals possible deal with US
NEW YORK: Oil prices closed down 1% on Tuesday after Iran said it was prepared to take any necessary steps to clinch a deal with the US ahead of nuclear talks later this week. Brent futures settled at US$70.77 per barrel, down 72 cents or 1.0%. WTI…
Watch Baker Hughes CEO on Market Uncertainty on Oil
Baker Hughes CEO on Market Uncertainty on Oil Oil is holding near a seven-month high as investors await the next round of US-Iran talks. Prices have climbed this year on concerns about the potential fallout from a US strike on Iran, even as…
What's at Stake for Oil If Iran-US Tensions Escalate
Rising tensions between the US and Iran have already driven oil prices to a six-month high. Oil traders are watching for any escalation that could disrupt crude production in Iran or prompt its government to block a critical shipping route used by…
Big Oil has made nearly £346bn in profits since Ukraine war started
Five oil supermajors have made just under $500bn (£346bn) in profits since the Russian invasion of Ukraine, an analysis of company earnings shows, even as households across Europe have continued to grapple with elevated energy bills four…
Angolan Oil Firm Sonangol Presses Ahead With IPO Despite Delays
Angola's state oil company Sonangol continues to prepare for a potential initial public offering, despite being excluded from the latest list of companies slated for privatization, board member Baltazar Miguel said. “There's a lot of work…
Oil Rises as Traders Brace for U.S.-Iran Talks
0139 GMT — Oil rises in morning Asian session as traders brace for U.S.-Iran talks on Thursday. Iran's Deputy Foreign Minister Majid Takht-Ravanchi said his country is ready to take the necessary measures to reach a deal with the U.S., ANZ…
Caribbean leaders call for 'de-escalation and dialogue' amid US oil embargo on Cuba
US interventions dominated speeches at a summit of 15 nations from the Caribbean and the Americas on Tuesday, as the region's leaders met amid deadly military strikes against suspected drug boats and an oil blockade on Cuba. During the opening…
Oil Traders Bet on Risk as Diplomacy Yields Little
In this week's newsletter, we will take a quick look at some of the critical figures and data in the energy markets this week. We will then look at some of the key market movers early this week before providing you with the latest analysis of the…
Yimutian (YMT) to Acquire Premium Camellia Oil Producer Jiufeng Agriculture in Major Strategic Pivot
Yimutian Inc. (NASDAQ: YMT) is one of the best penny stocks under $1 to buy right now. On February 5, Yimutian Group entered into a preliminary agreement to acquire Hunan Jiufeng Agriculture, which is a prominent producer of premium camellia oil.
Companies Are Skeptical of Venezuela's Oil Fields
Loading the Elevenlabs Text to Speech AudioNative Player... Almost the moment Venezuela's ex-President Nicolás Maduro began cooling his heels in an American jail cell, President Donald Trump announced that the United States would be taking…
How a US-Israeli war on Iran could upend global oil and gas supplies
The Strait of Hormuz has again become the focal point of rising tensions involving Iran, the US and Israel, with energy markets reacting sharply to the prospect of disruption along one of the world's most important maritime routes. Iran temporarily…
Oil prices hover near seven-month highs ahead of US-Iran talks
TOKYO: Oil prices were hovering near seven-month highs on Wednesday as the threat of military conflict between the U.S. and Iran that could disrupt supply continues to worry investors even as talks between the parties are set for Thursday. Brent…
U.S. Supreme Court tariff ruling will likely allow India to keep buying Russian oil
India is likely to continue buying Russian oil as the U.S. court ruling on Friday has constrained President Donald Trump's ability to impose tariffs, analysts say. India's has imported 1.16 million barrel per day (mbd) of Russian oil so far in…
Oil Edges Higher as Traders Weigh Outlook for Iran Nuclear Deal
Oil rose as traders weighed the odds of a nuclear agreement between the US and Iran ahead of talks on Thursday, as a huge deployment of American forces in the Middle East kept the market on edge. West Texas Intermediate was around $66 a barrel…
Trump says US has received 80m barrels of Venezuelan oil; 3rd tanker seized
President Donald Trump has said the United States has received “more than 80 million barrels of oil” from Venezuela, hours after the Pentagon said US forces had “captured” a third “sanctioned” oil tanker in…
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