Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Ahead of Midterms, Oil Markets Were Voting for War
To get John Authers' newsletter delivered directly to your inbox, sign up here. The oil market staged a dramatic reversal on Monday. Brent crude tumbled by 11.4%, its biggest fall in six months. Two questions arise. First, what news could have…
Stocks boosted by lower oil price and tech rally
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 prospered on Monday as oil prices fell…
Trump touts oil price dip in closing speech
President Trump on Monday touted a new drop in oil prices during his closing pitch to voters ahead of Tuesday's midterm elections. © Alex Brandon, Associated Press International benchmark Brent crude was trading at $104 Monday afternoon, down…
Can eating the wrong oil really make you dumber?
SCROLL TO CONTINUE WITH CONTENT Taiwanese internal medicine doctor Fu Yu-hsiang shares a case: during a clinic visit, a woman asked him, 'Doctor, my mother's memory has been getting worse and worse lately. Should I buy some brain-boosting…
Oil Falls as Market Tracks Mideast Developments
0000 GMT — Oil prices are lower in early Asian trade as the market tracks developments in the Middle East. America's Gulf allies are steeling themselves for a U.S. bombardment of Iran while the Trump administration and Arab mediators are…
Middle East Oil Markets Flash Signs of Abundance as Flows Rise
Middle East oil markets are indicating near-term supply is outpacing demand for the first time since July — when global prices plummeted after a temporary ceasefire between the US and Iran allowed tankers to exit the Persian Gulf through the…
Stocks boosted by lower oil price and tech rally
Stocks in London prospered on Monday as oil prices fell amid hopes for progress on peace talks between the US and Iran, and technology stocks rallied after recent falls. The FTSE 100 Index closed up 31.55 points, 0.3%, at 10,761.33. The FTSE 250…
Oil Tumbles, but Stocks Fail To Launch
This is an edition of the Markets P.M. newsletter, a recap of the day's most important markets moves, delivered after the closing bell. If you're not subscribed, sign up here. Oil prices tumbled. Unconfirmed reports seemed to suggest that President…
Nasdaq Slide Clouds Asian Open, Oil Falls on Iran: Markets Wrap
Asian technology stocks looked set for losses Tuesday after a selloff in US chipmakers deepened, overshadowing a plunge in oil prices on hopes for diplomatic progress toward ending the war in Iran. Equity-index futures for Japan and South Korea…
Attacks on Kish Island drive oil prices higher
Oil prices have risen on global markets following renewed attacks on energy infrastructure. According to the information, oil terminals and energy facilities on Kish Island came under fire. In response, Brent crude prices on the London Stock…
Big Oil's spending caution speaks louder than its profits
Big Oil is reaping near record cash windfalls from the eight-month-old Iran war, but Western energy producers' reluctance to ramp up spending reveals persistent doubts about the industry's long-term outlook. SCROLL TO CONTINUE WITH CONTENT BP…
Oil price falls amid hope of a breakthrough to end Iran war
The oil price fell to its lowest level in over two weeks on Monday, amid new hopes of a breakthrough to end the Iran war. Brent crude, the international benchmark, dropped by more than 6.5% to as low as $105.55 a barrel, the lowest since 16…
Oil Prices Rebound as U.S. Strikes on Iran Renew Supply Concerns
Oil prices rose Tuesday, recovering some of the previous session's steep losses as investors weighed fresh U.S. strikes on Iran against continuing diplomatic efforts to end the conflict. Brent crude futures for January delivery rose 1.7% to $106.57…
Oil Prices Tumble on Peace-Talk Prospects
U.S. oil futures fell 7.4% to settle at $96.46 a barrel, shedding roughly half of October's 15% gain. Monday's $7.66 decline was the largest in dollar terms since mid April. Gasoline futures in New York dropped by 8.1% to their lowest price since…
Saudi Aramco Profit Rises 9% as War Drives Oil Prices Higher
Saudi Aramco posted a 9% increase in third-quarter profit after a jump in earnings from its refineries and as the Iran war drove oil prices higher. Adjusted net income rose to $31.2 billion during the three months, from $28.6 billion a year…
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