Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Asian Bonds to Decline as Oil Fans Inflation Fears: Markets Wrap
Asian bonds tracked Treasuries lower as elevated oil prices stemming from the US-Iran standoff revived inflation concerns and bets on further Federal Reserve interest-rate hikes. Government bonds fell in New Zealand, while futures pointed to losses…
Oil Markets Flash Shortage Warning
If you're catching up on the oil market this morning, you might be confused to read that prices are both at $100 and $107. Which is right? Both, and the fact that two very different prices are floating around shows how nervous oil traders are…
Alito recuses from case that could toss climate suits against oil companies
Justice Samuel Alito on Monday recused from a major climate case set to be heard next week, stepping aside with no explanation after previously participating in the vote to take up the dispute. Alito has long held financial interests in the oil and…
Japan could redraw the global oil map
You have reached your maximum number of saved items. Remove items from your saved list to add more. Among the world's top fuel-consuming nations, Japan is the most energy insecure. Its import-dependency ratios are scary: It buys overseas 99.9 per…
Oil gains 2 percent as US-Iran peace talks in stalemate
Oil prices rose about 2 percent on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz. SCROLL TO CONTINUE WITH CONTENT Brent futures were up US$1.68, or 1.6 percent, at…
Oil extends gains as Middle East supply concerns persist
The U.S. and Iran are reportedly talking separately to mediators as part of renewed efforts to end the conflict, with regional mediators pushing for ceasefire negotiations. Concerns over energy infrastructure and flows in the region continue to…
Samuel Alito steps aside in a major climate case amid scrutiny over oil stock holdings
Supreme court justice Samuel Alito recused himself Monday from a major climate-change case after facing calls to step aside due to stock holdings in oil companies. A letter posted in the case did not specify a reason, but the conservative justice…
Stocks fall, oil rises and bond yields surge as geopolitics keeps markets on edge
Stocks fell on Monday alongside jumps in both bond yields and the price of oil as geopolitical upheaval remained front and center for traders. The S&P 500 fell 0.5% and the Nasdaq Composite dropped 0.6% as oil prices staged a 3% rally, pushing…
Indian Stock Markets Tumble: Crude Oil Prices, Foreign Fund Outflows Impact Sensex, Nifty
Indian equity markets, including the Sensex and Nifty, experienced a sharp decline in early trade, primarily influenced by surging crude oil prices amidst West Asia uncertainty and significant outflows from foreign institutional investors.
Nevada's only crude oil refinery is back in operation
Nevada's only crude oil refinery has restarted production. After receiving an air permit from Nevada Division of Environmental Protection, the Eagle Springs Refinery near Ely, Nevada, is back up and running. The refinery officially restarted…
Oil Rises Amid Deadlock in U.S.-Iran Ceasefire Talks
0016 GMT — Oil rises amid the continuing deadlock in U.S.- Iran ceasefire talks. “Iran and the U.S. remain far apart over a ceasefire agreement and the reopening of the Strait of Hormuz,” NAB's Sally Auld says in commentary.
War in the Middle East Is Testing Saudi Arabia's Oil Pipeline
President Donald Trump rejected Iran's latest proposal to reopen the Strait of Hormuz, which made welcome news that Saudi Arabia reopened another key route for oil to get to market. Today, Omar El Chmouri, who covers Saudi money and power, writes…
Home heating oil costs: Childminder facing 'severe financial burden
Many households across Northern Ireland continue to be hit with high prices for home heating oil, with one woman saying there is a 'severe' financial burden on childminders. The war in Iran is having a practical impact on people across the island…
Asian Currencies Consolidate, But May Be Weighed by Rising Oil Prices
2344 GMT — Asian currencies consolidate against the dollar but may be weighed by rising oil prices that could prompt further Fed rate increases that bolster the appeal of U.S. fixed-income assets. “The U.S. and Iran remained far apart…
Jim Cramer says these stocks can win even as oil and bond yields squeeze the market
CNBC's Jim Cramer said investors shouldn't abandon the market as oil prices and interest rates add pressure, but instead focus on companies with strong demand, pricing power and scale. He highlighted Meta, Intel, Microsoft and Apple in tech, along…
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