Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

thehill.com - William S. Becker, opinion contributor   - Trump's crooked 'art of the deal' with Big Oil
Trump's crooked 'art of the deal' with Big Oil
The Hill

The American people have seen several big oil scandals over the last century. We have survived Teapot Dome, the collapse of Enron, windfall profiteering during the 1970s oil crisis, Exxon Valdez, Deepwater Horizon and more. But President Trump's…

forbes.com - Ian Dexter Palmer - Unheralded EOG: A Focused Oil Company With Clearcut Success Strategy
Unheralded EOG: A Focused Oil Company With Clearcut Success Strategy
Forbes

The stock of EOG Resources is up about 30% since the Iran war started. That's not surprising because other oil and gas companies are up like this. What is surprising is its market cap is the biggest of independents in the U.S., an unheralded…

ttnews.com - Yongchang Chin - Oil Market in 'Race Against Time' on Hormuz - TT
Oil Market in 'Race Against Time' on Hormuz - TT
Transport Topics

The Strait of Hormuz. (maps4media/Bloomberg) The oil market is in “a race against time” as the factors that combined to restrain price rises from the Iran war stand to come under strain if the Strait of Hormuz stays closed into June…

bloomberg.com - Yongchang Chin - Oil Market in 'Race Against Time' on Hormuz, Morgan Stanley Says
Oil Market in 'Race Against Time' on Hormuz, Morgan Stanley Says
Bloomberg

The oil market is in “a race against time” as the factors that combined to restrain price rises from the Iran war so far may no longer hold if the Strait of Hormuz stays closed into June, according to Morgan Stanley. Despite the loss…

forbes.com - Dan Runkevicius - After 1973 Oil Shock, Stock Market Didn't Recover For 20 Years. Can that Happen Again?
After 1973 Oil Shock, Stock Market Didn't Recover For 20 Years. Can that Happen Again?
Forbes

After 1973's oil shock, the Dow crashed 40% and plunged into what was later dubbed a “lost decade.” Adjusted for inflation, it took the index roughly 20 years to recover. Can that happen again? The parallel is striking. The same…

washingtonexaminer.com - Claire Carter - Texas firm looking to explore oil in rural Georgia
Texas firm looking to explore oil in rural Georgia
Washington Examiner

A Texas -based oil and gas company is seeking permission to drill exploratory wells in southwest Georgia, reviving the possibility of oil production in a state where commercial extraction has never taken hold. Pilot Exploration, a Texas firm…

bbc.co.uk - David McKenna - North Lincolnshire Council confirms £300 heating oil support
North Lincolnshire Council confirms £300 heating oil support
BBC

David McKenna East Yorkshire and Lincolnshire Hundreds of households in North Lincolnshire who rely on heating oil will receive £300 support to help with rising heating and energy costs, the district council has said. Unlike for those who use…

nypost.com - Zain Khan - California gas prices could spike as imported oil supply dries up, industry warns
California gas prices could spike as imported oil supply dries up, industry warns
New York Post

California may soon have to battle other states for oil resources as its imported supply runs dry, a leading lobbying group has warned. Jodie Muller, CEO of Western States Petroleum Association, said the limited amount coming into the Golden State…

seekingalpha.com - Wall Street Breakfast - Wall Street Breakfast Podcast: Futures Dip As Oil Jumps
Wall Street Breakfast Podcast: Futures Dip As Oil Jumps
Seeking Alpha

Listen below or on the go via Apple Podcasts and Spotify Stock index futures fall as hopes of a U.S.-Iran resolution fade. (00:13) Nintendo (NTDOY) slumps 9% over Switch 2 pricing and cautious guidance. (01:13) Dunkin' Donuts owner Inspire Brands…

theguardian.com - Lauren Almeida - Oil prices climb after Trump dismisses Iran's response to peace plan
Oil prices climb after Trump dismisses Iran's response to peace plan
The Guardian

Oil prices have climbed after Donald Trump condemned Iran's response to US proposals to end the war as “totally unacceptable”. The president's rejection of Tehran's overture in a post on his Truth Social platform triggered a jump in…

upi.com - Paul Godfrey - Oil price surges higher on setback to hopes for U.S.-Iran peace deal
Oil price surges higher on setback to hopes for U.S.-Iran peace deal
UPI

May 11 (UPI) -- Global oil prices jumped overnight after U.S. President Donald Trump said an Iranian counteroffer to a 14-point U.S. plan to end the war was 'totally unacceptable.' Brent crude, the international benchmark, rose by more than 4% to…

thestandard.com.hk - The Standard 英文虎報 - Gold falls on oil-driven inflation worries as US-Iran peace talks falter
Gold falls on oil-driven inflation worries as US-Iran peace talks falter
The Standard

Gold prices fell on Monday, as a lack of progress in US–Iran peace negotiations pushed oil prices higher, fuelling concerns that elevated inflation could keep interest rates higher for longer. SCROLL TO CONTINUE WITH CONTENT Spot gold fell…

ttnews.com - Chan Ho-Him and Matt Ott - Oil Prices Rise as Trump Rejects Iran's Ceasefire Response - TT
Oil Prices Rise as Trump Rejects Iran's Ceasefire Response - TT
Transport Topics

Oil tankers sit at anchor offshore in the Strait of Hormuz off Bandar Abbas, Iran, on May 2. (Amirhosein Khorgooi/ISNA via AP) U.S. markets hovered near all-time highs May 11 and oil rose more than 2% after President Donald Trump appeared to…

wsj.com - WSJ staff - Oil Prices Rise as Mideast Diplomacy Stalls
Oil Prices Rise as Mideast Diplomacy Stalls
Wall Street Journal

Markets Coverage The latest news & analysis…

independent.co.uk - Simon English - Oil jumps after Trump dismisses Iran peace offer
Oil jumps after Trump dismisses Iran peace offer
The Independent

The oil price jumped 4 per cent after Donald Trump branded a mooted Iran peace plan “totally unacceptable”. It came as Saudi Aramco warned the disruption to the oil market could continue well in to next year, raising the prospect of…

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