Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Chevron CEO Says Venezuela Must Do More for Oil Industry Revival
Chevron Corp. Chief Executive Officer Mike Wirth said changes to Venezuela's oil policy are a sign of progress in trying to attract foreign investment, though further measures are needed. “It moves things in a positive direction,”…
Europe and Asia, not the US, bear the brunt of the oil & energy crisis | Cash Call | Andrew Wong
Nearly two months have passed since the United States and Israel launched a full-scale offensive against Iran, and the duration of the conflict has already exceeded the expectations of US President Donald Trump. Both Washington and Tehran continue…
California oil fight tests state's right to push back against Washington during war
Crude oil pumped from the depths of the Pacific Ocean is flowing for the first time in more than a decade through a pipeline that crosses California state park land after the Trump administration defied state officials to restart drilling off Santa…
Oil Prices Rise In Europe On U.S.-Iran Talks Stalemate
A crude oil storage facility in Cushing, Oklahoma, U.S. (Photo: Johannes Eisele) Oil prices rose again on Monday on stalled negotiations between the U.S. and Iran, aimed at bringing the conflict in the Middle East to an end. Trading in Asia saw…
Blue chips falter as oil price moves ever higher
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. The FTSE 100 closed down on Monday, weighed by falls in…
Hormuz: Why Markets Are Shrugging Off The Oil Shock
The “20% of global oil closed” framing was always misleading. In reality, the reduction in impact came primarily from four forces, and the primary source documents each. FactSet's April 17 Earnings Insight shows 88% of reporting S&P…
Oil Prices Climb As U.S.-Iran Talks Stall And Strait Of Hormuz Stays Blocked
A crude oil storage facility in Cushing, Oklahoma, U.S. (Photo: Johannes Eisele) Oil prices rose again on Monday on stalled negotiations between the United States and Iran aimed at bringing the conflict in the Middle East to an end. Trading in Asia…
Ex-Credit Suisse Bankers Aim to Finance Venezuela Oil Revival
A private-credit firm founded by former Credit Suisse bankers is seeking to finance Venezuela's oil services sector, as one of the country's largest energy conferences in decades draws investors back to Caracas. ArtCap Strategies plans to deploy…
Blue chips falter as oil price moves ever higher
The FTSE 100 closed down on Monday, weighed by falls in Marks & Spencer, J Sainsbury and Shell, as the stalemate in the Middle East dragged on. The FTSE 100 closed down 57.99 points, 0.6%, at 10,321.09. The FTSE 250 ended down just 3.38 points at…
'The damage is done': Global oil crisis has changed fossil fuel industry for ever, IEA chief says
Exclusive: International Energy Agency's Fatih Birol, the world's leading energy economist, also says UK should largely forgo North Sea expansion By Fiona Harvey Environment editor The oil crisis triggered by the Iran war has changed the fossil…
Oil Prices Rise With Iran Talks at Impasse - TT
A trader at the New York Stock Exchange. (Richard Drew/Associated Press) Trading on Wall Street was quietly mixed early April 27 and oil prices crept up again as talks on ending the war with Iran remained at an impasse. Futures for the S&P 500 are…
'Upward pressure' on oil prices amid Iran war 'likely to continue': Chevron CEO
Chevron CEO Mike Wirth said in a Sunday interview that “upward pressure” on oil prices amid the U.S. conflict in Iran is “likely to continue,” as the war stretches into its second full month. “We're in a period…
Big Banks Raise Oil Forecasts
Oil price forecasts are shooting higher once again. Strategists at both Goldman Sachs and Citigroup increased their estimates for crude after President Trump said he wouldn't send U.S. envoys to Pakistan for peace talks with Iran. With no peace…
Goldman Sachs raises oil price forecasts on tight supply
Goldman Sachs has raised its oil price forecasts for the fourth quarter to US$90 (HK$705.3) a barrel for Brent crude and US$83 for US West Texas Intermediate (WTI), on lower output from the Middle East. SCROLL TO CONTINUE WITH CONTENT “The…
Oil Prices Resume Climb, Stock Futures Retreat
Oil futures opened higher Sunday evening in New York after the latest round of peace talks in Pakistan was called off, and President Trump said any further negotiations with Iran could take place by phone instead. Benchmark U.S. oil futures traded…
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