Oil Industry News
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Energy Up Slightly as Oil Prices Level Off - Energy Roundup
Shares of energy companies rose slightly as oil futures levelled off somewhat. Oil futures fell 0.9% to $86.04 a barrel in New York, and are now down by 24% from their April peak. President Trump said that further strikes on Iran would not be…
HighPeak Energy: Oil Cut Rebounds In Q3 2026 (Rating Upgrade) (NASDAQ:HPK)
HighPeak's oil volumes increased by 2% quarter-over-quarter, helped by expanded workovers. HPK also increased its production guidance while expecting reduced lease operating expenses. Refinancing reduces annual interest costs by $50+ million, while…
Argentine lawyer mocks UK's sovereignty claim in Falklands oil case
Britain should not be permitted to act as a 17th-century colonial power treating the waters around the Falkland Islands as a Dominium maris Britannici, Argentina has told an international tribunal. Marcelo Kohen, representing Argentina at a hearing…
Badenoch presses Burnham on Rosebank oil field and spending plans at PMQs
Lib Dem leader Ed Davey says politics has been affected by 'poisonous ideas' including the idea that people born and raised in England can't be English if they're not white. 'We must reject it, as the Conservative leader to her great credit has…
Badenoch presses Burnham on Rosebank oil field and spending plans at PMQs
Badenoch says Rosebank oil field is a political decision, not a quasi-judicial one, which Burnham just described it as. Why else, she says, did it take the Labour government two years to approve Jackdaw gas field while the foreign secretary was in…
Oil Rises as Middle East Risks Linger
0209 GMT — Oil rises in Asian trade. Prices have fallen recently on hopes of an end to the Middle East conflict, but U.S.- Iran negotiations remain deadlocked as both sides hold to key demands, ANZ Research writes, noting the impasse will…
Japan Oil Transportation 1H Net Y341.00M Vs Net Y507.00M
Japan Oil Transportation Co. Ltd. (9074.TO) Japan Half-Year Ended September 30 GROUP 2026 2025 Revenue Y18.36 bln Y17.89 bln Operating Profit Y295.00 mln Y630.00 mln Pretax Profit Y469.00 mln Y752.00 mln Net Profit Y341.00 mln Y507.00 mln Per share…
Oil Is Stuck in Limbo, With No More Iran War But No Peace
After Brent crude's 10-day decline of nearly 25%, it's tempting to say the market is pricing in peace. It isn't. Rather than anticipating that hostilities between the US and Iran are over, traders are foreseeing no immediate risk of a third round…
OPEC's Oil Production Nears Prewar Levels on Saudi Rebound
OPEC members boosted crude output toward prewar levels in October as alternative pipelines and other workarounds became a vital lifeline, allowing Saudi Arabia and other major producers to export more oil despite persistent threats to critical…
What's the Falklands oil project at the heart of latest UK-Argentina spat?
The United Kingdom has pledged to defend its interests in the Sea Lion project to develop an oilfield near the Falkland Islands, as Argentina has brought a legal challenge before a tribunal over the offshore oil exploration, citing environmental…
Futures Rise As CoreWeave Calms Debt Jitters, Sparking AI Rebound; Oil Jumps On Hormuz Mines
US futures are higher as a trifecta of AI catalysts, i) CoreWeave's beat-and-raise, ii) reports that Anthropic's bankers are weighing an IPO valuation of $1.5 trillion or more and iii) word that OpenAI's quarterly revenue hit $10 billion for the…
Oil prices rise amid concerns of shipping disruptions in the Strait of Hormuz
Oil prices posted gains during Wednesday morning trading, recovering from a two-month low. Brent crude futures rose $1.04, or 1.1%, to $92.53 a barrel, while WTI crude rose 67 cents, or 0.8%, to $86.71 a barrel. The increases follow a drop of more…
Ukraine war live: Kyiv's attacks 'cut Russia's oil processing capacity by 30%'
A drone attack has caused a fire in the port area of Ust-Luga by the Baltic Sea in Russia's northwest, regional governor Aleksandr Drozdenko said this morning, citing preliminary data. He said that a power station…
Can Tehran survive a 'zero oil' budget, if US blockade on Iran persists?
Tehran, Iran – After months of oscillating between new bouts of fighting and negotiations, the administration of United States President Donald Trump has reportedly opted for a third option – gradual economic pressure on Tehran. US…
Iran Resolve Not to Let Nuclear Materials Leave Causes Oil to Rise
FILE PHOTO: Vessels at the Strait of Hormuz, as seen from Musandam, Oman, October 19, 2026. REUTERS/Stringer/File Photo Oil prices rose about 1% on Wednesday after dropping to two-month lows in the previous session, after Iran's security chief said…
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