Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Gas prices are creeping close to $4 after oil's latest surge
Oil prices jumped on Monday after the latest escalation in the US-Iran conflict deepened the breakdown of a fragile ceasefire, reviving fears of disruptions to Middle East oil supplies. The US resumed strikes against Iran earlier this month after…
Oil prices surpass 90 dollars a barrel after fresh attacks in US-Iran war
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 risen above 90 dollars a barrel for the…
Oil Tanker Appears to Halt in Hormuz After Iran Targets Vessels
An oil tanker appears to have halted in the Strait of Hormuz off Oman after the Iranian Navy again targeted vessels in the waterway, raising concerns about deepening disruptions as Middle East hostilities escalate. The Kavomaleas, a products…
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…
Oil hits one-month high as Mideast war keeps investors on edge
Brent crude hit on Monday its highest price since June due to renewed fighting between the United States and Iran, while Asian equities were mixed as investors weighed the fallout of a prolonged Middle East war. Crude has surged over the past week…
Oil Climbs as Middle East Conflict Escalates: Markets Wrap
Oil climbed to the highest level in over a month and the dollar strengthened after US and Iranian attacks escalated over the weekend, adding to pressure on Asian markets already rattled by a slump in chip stocks. Brent rose as much as 3.8% to over…
Oil Climbs as U.S.-Iran Attacks Escalate, With Brent Back Above $90
Oil surged above $90 a barrel for the first time in more than a month after the U.S. and Iran sharply escalated hostilities over the weekend, deepening a conflict that has spread across the Middle East and threatening prolonged disruption to global…
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…
Oil price soars above $90 as US and Iran escalate war
Brent crude climbed above $90 a barrel on Monday, its highest in more than a month, as intensifying US - Iran hostilities choked off oil shipments through the Strait of Hormuz. The international benchmark rose 2.37 per cent to $90.19 at 2.41 GMT…
Ryanair Profit Hit By Rising Oil Prices and Fare Reductions
Ryanair Holdings Plc said first-quarter profit fell 34% as the Middle East conflict drove up oil prices and weakened demand, forcing the budget airline to cut fares during the peak summer travel season. Profit after tax was €538 million…
Brent oil tops US$90 as US, Iran intensify attacks in Middle East
Oil prices jumped 3 percent on Monday, with Brent surpassing US$90 (HK$702) a barrel, as the United States and Iran expanded attacks in the Middle East that have curbed energy shipments in the Strait of Hormuz. SCROLL TO CONTINUE WITH CONTENT Brent…
Oil prices surpass 90 dollars a barrel after fresh attacks in US-Iran war
Oil prices have risen above 90 dollars a barrel for the first time in nearly six weeks as investor hopes of an effective peace deal between the US and Iran crumble. The US carrying out a new round of airstrikes targeting Iran early on Monday helped…
Oil prices spike over 3pc after US-Iran escalation
Oil prices surge over 3 per cent in early Asian trading, driven by intensifying military clashes between the United States and Iran that have severely disrupted energy shipments through the Strait of Hormuz, according to AlJazeera. Brent crude…
CNBC Daily Open: Spain takes the World Cup, oil takes the market spotlight
Spain claimed its first World Cup title since 2010 after beating 10-man Argentina 1-0. The U.S. continued striking Iran for a ninth consecutive night. Tehran remains defiant, with Iranian officials warning of further retaliation Oil surges on…
Oil Pulls the Market Lower Again
In this episode of Motley Fool Hidden Gems Investing, Motley Fool contributors Travis Hoium, Lou Whiteman, and Rachel Warren discuss: Oil is up again. Market breather? Can a cheap EV win? Why Americans buy big. Is AMT's debt a problem? Will…
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