Oil Industry News
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Oil industry expert details meeting with Vance, top Trump officials
Mike Sommers, CEO of the American Petroleum Institute, joins The Lead.
Exclusive | Saudi Arabia Sees a Spike to $180 Oil if Energy Shock Persists Past April
Saudi Arabia's oil officials are working frantically to project how high oil prices might go if the Iran war and its disruption of energy supplies doesn't end soon—and they don't like what they are seeing. The base case, several oil…
Energy Secretary Talks Oil, Iranian Military Decimated, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Contentious Alaska oil, gas drilling rights sale generates record revenue
The Trump administration said this week that its recent sale of the rights to drill in a contentious area of Alaska generated record revenue for federal oil and gas lease sales. The news signals optimism from the oil industry that high energy…
Oil Falls Amid Prospects of Removal of U.S. Sanctions on Iranian Oil at Sea
0010 GMT — Oil falls in early trade. Treasury Secretary Bessent said the U.S. could remove sanctions in the coming days from Iranian oil already at sea to ease pressure from rising prices during the Middle East conflict. Meanwhile, President…
Oil Prices Drop as Trump Administration Seeks to Avoid Energy Attacks
Whipsawing oil markets have sent global benchmark Brent oil prices down to around $105 from $118 Thursday morning, a roughly 11% decline. Traders are working to keep on top of news reports of energy installations being struck, which pushes prices…
Oil, natural gas costs soar amid strikes on Gulf energy infastructure
March 19 (UPI) -- Global oil and gas prices surged on Thursday after Israel attacked Iranian sections of the South Pars field, the largest natural gas field in the world, and retaliatory strikes by Tehran on Qatar's state-owned Ras Laffan…
Oil prices spike as attacks on Middle East energy sites stoke fears
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. Oil prices have spiked as attacks on energy facilities in…
Imperial Oil Ltd. stock rises Thursday, outperforms market
Shares of Imperial Oil Ltd. IMO rose 1.15% to C$174.38 Thursday, in what proved to be an otherwise all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 1.42% to 31,854.98. Imperial Oil Ltd.
Israeli and Iranian strikes on oil and gas facilities rattle global markets
Well, as the attacks on energy facilities continue across Gulf countries, we look now at the effects of those strikes and get some insights on the nation's in the crosshairs. Ambassador Susan Ziadeh spent much of her 20-year Foreign Service tenure…
Oil prices surge after Iran attacks Middle East energy facilities
Global benchmark oil prices jumped back toward their highest in nearly four years early Thursday after Iran targeted energy production in the Gulf region. The front-month Brent futures contract BRN00 rose 6.7% to $114.67 a barrel, approaching the…
Watch Bond Markets Hit by Oil Shock
Matthew Diczok, head of fixed income strategy, Merrill and Bank of America Private Bank said the market doesn't expect their to be a sustained increase in energy. he world's bond markets were whipsawed by unusual volatility as investors rushed to…
Oil Prices Fall on Easing Supply-Disruption Concerns
Oil prices fell in Asia on Friday amid easing concerns over supply disruptions stemming from the Middle East conflict. Front-month West Texas Intermediate crude oil futures were 2.8% lower at $93.42 a barrel, and front-month Brent crude oil futures…
US considers lifting sanctions on some Iranian oil
Natalie Sherman Business reporter The US is weighing lifting sanctions on some Iranian oil, as it scrambles to contain the impact of its war in Iran on energy markets. Treasury Secretary Scott Bessent put forward the idea in an interview on the Fox…
Brent crude oil prices surge again nearing $120
The price of global oil rose on Friday, as the energy market continues to react to the United States and Israel's war with Iran. The cost of a barrel of Brent crude oil, the global benchmark for oil prices, peaked at $118 per barrel on Thursday…
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