Oil Industry News
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Energy Slides Alongside Oil on Iran Cease-Fire -- Energy Roundup
Iran told mediators it would limit the number of ships crossing the strait to around a dozen a day and charge tolls under the cease-fire struck by President Trump, showing Tehran plans to keep control over the world's most important energy-shipping…
Daily on Energy: The ceasefire and a huge oil price drop
IRAN LATEST – TRUMP'S CEASEFIRE: President Donald Trump 's deadline last night came and went after the U.S. and Iran agreed on a two-week ceasefire as the two countries continue to negotiate. “Based on conversations with Prime…
Why oil prices are trending | CNN Business
Almost immediately after President Donald Trump agreed to a two-week ceasefire with Iran on Tuesday, crude oil plunged to the lowest level in about three weeks. CNN's Matt Egan explains when you might see lower prices at the gas pump. Discover more…
Oil prices drop amid ceasefire
While oil prices are still higher than before the war with Iran, the massive drop suggests markets are optimistic about the president's ceasefire announcement. Trump said Tuesday that he would “suspend” attacks on Iran for two weeks…
Tourmaline Oil Corp. stock falls Wednesday, underperforms market
Shares of Tourmaline Oil Corp. TOU shed 3.70% to C$62.01 Wednesday, in what proved to be an otherwise all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 1.15% to 33,620.57. Tourmaline Oil…
Reform calls for 'every last drop' of oil and gas to be extracted in UK
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. Reform UK has backed fracking for shale gas…
Will shipping in the strait of Hormuz - and oil prices - return to normal?
Analysts say doubts over stability of the ceasefire and damage to production sites mean the energy crisis is far from over If the US-Israeli ceasefire with Iran holds, it could offer the clearest hope of an end to the energy crisis since Iran's…
Argentina hits record oil output as Vaca Muerta drives growth
April 8 (UPI) -- Argentina reached record oil production levels, with output climbing to 874,000 barrels per day, a 15.9% increase from a year earlier, a report by consulting firm RICSA ALyC states. The study attributes the expansion largely to the…
Stocks surge and oil tumbles amid US-Iran ceasefire
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 soared on Wednesday, as oil prices fell…
Reform vows to get 'every last drop' of oil and gas out of North Sea
Reform UK's deputy leader today vowed a Nigel Farage-led government would get 'every last drop' of oil and gas out of the North Sea to bring down energy costs. Richard Tice used a press conference in Aberdeen to unveil the party's four-point plan…
Let It Flow: US Oil Companies Closing in on Big Deals With Post-Maduro Venezuela
While all eyes are on the Strait of Hormuz, where 20 percent of the world's oil passes through, other energy developments are occurring down south — in Venezuela, to be exact, where the U.S. nabbed former president and dictator…
Watch the Price of Russian Oil
This article is for subscribers only. Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in…
Amid Uncertainties, Delta CEO Ed Bastian Warns Oil Crisis Could Reshape Airline Industry
Like many airline executives, Delta CEO Ed Bastian has been forced to respond to the ongoing oil crisis caused by the Iran war by raising fares and cutting flights. But he sees bigger changes on the horizon. Sustained fuel price hikes could lead to…
Brent oil spot price above $120 in sign that Iran ceasefire can't solve deep disruption
The price for actual Brent oil cargos came in above $120 per barrel on Wednesday, nearly $30 more than the June futures contract. The spot price shows that oil supplies will stay tight for some time, even if the ceasefire agreement holds. It will…
From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk
Kevin Kelly is in a tough spot. What he says are unprecedented price increases in the weeks since the United States waged war on Iran mean the Californian, who makes plastic bags for groceries, may have to break contracts he cannot afford to honor…
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