Oil Industry News
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Trump says Scots are 'dancing in the streets' over Burnham's oil plans
President Donald Trump praised incoming British Prime Minister Andy Burnham on Sunday and predicted a bright future for the United Kingdom 's energy sector, claiming people in Aberdeen, Scotland, were 'dancing in the streets' over Burnham's…
Second Oil Spike Coming? Consider These 7 High Yields Before It Hits
Producers like Crescent Energy (CRGY, 4.8% dividend yield) are the most direct plays on oil because barrel prices have a direct impact on their bottom line. Look at any chart of an American oil exploration-and-production firm against West Texas…
Is Andy Burnham promising a new dawn for North Sea oil and gas?
The final weekend before Andy Burnham enters Downing Street is being dominated by suggestions he'll announce plans for new drilling in the North Sea. But that could mean many things. We can be confident the new prime minister won't be confirming…
Mission in Iran war has pivoted toward ensuring oil flow, Trump official says
A Trump administration official on Sunday grappled with mounting criticism over the length of the US war with Iran after months of promised diplomatic breakthroughs, short-lived ceasefires, and the deaths of two more American troops in Jordan…
Trump welcomes reports Andy Burnham could open up North Sea oil drilling
US President Donald Trump has said people in the Scottish city of Aberdeen will be “dancing in the streets” following reports Andy Burnham could back new oil and gas drilling in the North Sea. The incoming UK prime minister, dubbed…
Trump Applauds As New UK PM Backs North Sea Oil Expansion
On Sunday, President Trump took to his Truth Social account with a shout of congratulations for the people of Aberdeen, Scotland, and the United Kingdom's incoming new Prime Minister, Andy Burnham. Why would President Trump be cheering on the…
Ukrainian drones set oil facilities in Russia on fire
ARCHIVE – Soldiers from the Ukrainian Ministry of Defense deploy drones against Russia at an undisclosed location in Ukraine. Photo: Efrem Lukatsky/AP/dpa Ukraine has triggered several major fires in the country with new drone attacks on…
Indian Stock Market Outlook: Q1 Earnings, Geopolitics, Crude Oil Prices
Indian stock markets are poised for a dynamic week, with corporate Q1 earnings, escalating geopolitical tensions in West Asia, and volatile crude oil prices identified as the primary forces shaping investor sentiment and market direction. Corporate…
Trump weighs in on North Sea oil drilling row hours before Burnham becomes PM
Donald Trump has weighed in on rumoured plans for controversial new drilling in the North Sea, claiming Andy Burnham will open oil fields “all the way”. In an intervention hours before the new prime minister enters Downing Street, the…
Iran shipped 70 million barrels of oil during US truce
Iran exported roughly 70 million barrels of oil worth an estimated $5 billion to $6 billion during a month-long suspension of the US blockade, rapidly rebuilding a financial buffer before restrictions returned, The Wall Street Journal reported on…
Iran attacks Kuwait oil and water plants to pressure US after infrastructure hit
Critical infrastructure in Kuwait was a “relatively attractive target” for Iran as it sought to escalate without risking a larger response from its Gulf neighbors, international relations expert Dr. Arman Mahmoudian, a research fellow…
Can Australia dodge the next Iran oil shock?
For decades, Iran's greatest perceived threat to the world lay in its nuclear ambitions. But now, the conflict in the Middle East has highlighted another source of power it has quietly possessed all along: the ability to turn off the oil tap.
'We've Burned Through All Buffers': Oil Traders Warn Market Running On Fumes
Brent crude futures jumped a little more than 4% to nearly $88 a barrel, putting the crude oil benchmark on track for its biggest weekly gain since April. That move followed an Axios report that said the Trump administration had notified Israel it…
Donald Trump hosts Iraqi PM Ali al-Zaidi to talk oil deals, bypassing Hormuz
The meeting between US President Donald Trump and Iraq's new prime minister, Ali al-Zaidi, was presented in Washington as the beginning of a different relationship with Baghdad - one centered on oil, investment and economic integration as the…
Donald Trump in 'we love you Scotland' message as he makes oil prediction
President Trump has claimed incoming Prime Minister Andy Burnham is going to open up the North Sea to new drilling. The Republican issued the prediction amid speculation Burnham could dump Keir Starmer's opposition to exploring new oil fields. The…
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