Oil Industry News

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

japantimes.co.jp - Japan to boost joint oil stockpiles with UAE
Japan to boost joint oil stockpiles with UAE
The Japan Times

Tokyo has won a commitment from the United Arab Emirates to increase joint crude oil stockpiles held in Japan by UAE companies, according to Economy, Trade and Industry Minister Ryosei Akazawa on Tuesday. Akazawa said he made the request to expand…

cnbc.com - Michael Khouw - Even if an Iran deal calms energy markets, one oil stock can still stand out
Even if an Iran deal calms energy markets, one oil stock can still stand out
CNBC

While the broader market grapples with geopolitical instability, Shell plc (SHEL), along with other large integrated oil companies, have benefited from higher oil prices and should warrant investor attention. Despite the dual blockades by both Iran…

businessinsider.com - Jennifer Sor - Oil plunges and stocks soar: Markets are swinging as traders eye an Iran peace deal
Oil plunges and stocks soar: Markets are swinging as traders eye an Iran peace deal
Business Insider

Markets are getting in position for the Iran war to soon end. A report from Axios early Wednesday said that the US and Iran could are nearing a peace deal. Markets have been eyeing a possible deal for weeks, though progress on a resolution has been…

standard.co.uk - Jeremy Cutler - Stocks soar and oil sinks on fresh peace deal hope
Stocks soar and oil sinks on fresh peace deal hope
Evening Standard

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. Stocks soared on Wednesday on renewed hopes a peace deal…

wsj.com - Georgi Kantchev - An Iran Deal Wouldn't Mean Instant Oil Relief
An Iran Deal Wouldn't Mean Instant Oil Relief
Wall Street Journal

Energy market research company Rystad Energy said issues such as repricing transit insurance, restoring vessel operator access and regaining shippers' confidence mean oil flows will take at least six to eight weeks to recover to near pre-conflict…

rediff.com - Rediff News - Crude oil futures slump over 11%
Crude oil futures slump over 11%
Rediff.com

Crude oil price slumped over 11 per cent to Rs 8,588 per barrel in futures trade on Wednesday, tracking sharp losses in global benchmarks amid signs of a potential breakthrough between the US and Iran. On the Multi Commodity Exchange (MCX), crude…

standard.co.uk - Holly Williams - Oil prices drop below 100 dollars a barrel on renewed hopes over peace deal
Oil prices drop below 100 dollars a barrel on renewed hopes over peace deal
Evening Standard

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 fallen sharply to below 100 US dollars a…

independent.co.uk - The Associated Press - The Latest: US military fires on Iranian-flagged oil tanker as Trump presses for deal to end war
The Latest: US military fires on Iranian-flagged oil tanker as Trump presses for deal to end war
The Independent

A U.S. fighter jet on Wednesday fired on an Iranian oil tanker in the Gulf of Oman as it tried to breach the U.S. blockade of Iran's ports, the U.S. military said. The attack occurred as Iran and the U.S. are officially in a ceasefire and as the…

theguardian.com - Guardian staff reporter - Oil prices ease and markets rally as Trump works towards deal with Iran
Oil prices ease and markets rally as Trump works towards deal with Iran
The Guardian

Oil prices have eased and stock markets rallied as Donald Trump touted “great progress” towards a “final agreement” with Iran, while momentum in AI-driven trading accelerated. The US president said he would briefly pause…

standard.co.uk - Craig Meighan - Greens only party telling truth on need to stop oil and gas drilling - Mackay
Greens only party telling truth on need to stop oil and gas drilling - Mackay
Evening Standard

Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The Scottish Greens are the only party…

thestandard.com.hk - The Standard 英文虎報 - Iran war jolts China's well-oiled manufacturing hub
Iran war jolts China's well-oiled manufacturing hub
The Standard

Vacuum cleaners and vapes could get more expensive if the Iran war drags on for much longer, Chinese factory owners and traders warn, as the world's manufacturing hub reels from 'crazy' costs. SCROLL TO CONTINUE WITH CONTENT Weeks of US-Israeli…

bloomberg.com - Maria Elena Vizcaino - Ecuador Is Selling More Debt in Global Markets Amid Oil Windfall
Ecuador Is Selling More Debt in Global Markets Amid Oil Windfall
Bloomberg

Ecuador is offering more of the dollar bonds it first sold in January, taking advantage of higher oil prices and sustained investor appetite for emerging-market debt. Initial price talks for a tap of the notes due in 2034 and 2039 are at 8.7% and…

thehill.com - Ashleigh Fields - Oil prices plunge amid reported progress in US, Iran talks
Oil prices plunge amid reported progress in US, Iran talks
The Hill

Oil prices plunged around midday on Wednesday as reports emerged that the U.S. and Iran are nearing an agreement on a one-page memorandum that could result in the reopening of the Strait of Hormuz. The international benchmark, Brent crude oil…

wsj.com - Anthony Harrup - U.S. Crude Oil Stockpiles Fall for Second Straight Week
U.S. Crude Oil Stockpiles Fall for Second Straight Week
Wall Street Journal

U.S. crude-oil inventories fell for a second consecutive week while product stocks extended their decline, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude-oil stocks excluding the Strategic…

ttnews.com - Yuri Kageyama and Matt Ott - Oil Prices Plunge as China Calls for Ceasefire in Iran War - TT
Oil Prices Plunge as China Calls for Ceasefire in Iran War - TT
Transport Topics

Boats travel near the seafront on Qeshm Island, Iran, in the Strait of Hormuz. (Getty Images/Bloomberg) Markets on Wall Street soared overnight and U.S. crude prices plunged 13% after China's foreign minister on May 6 called for a comprehensive…

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