Oil Industry News

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

yahoo.com - Ramish Cheema - Jim Cramer Returns To Diamondback Energy (FANG) As Oil Prices Touch $96
Jim Cramer Returns To Diamondback Energy (FANG) As Oil Prices Touch $96
Yahoo!

Jim Cramer Didn't Hold Back On SpaceX's IPO & Discussed These 12 Stocks. Diamondback Energy, Inc. (NASDAQ:FANG) is one of the stocks discussed by Jim Cramer. Diamondback Energy, Inc. (NASDAQ:FANG) is another oil and gas exploration and production…

bloomberg.com - Matthew Burgess - US Futures Climb, Oil Falls on Iran Peace Deal: Markets Wrap
US Futures Climb, Oil Falls on Iran Peace Deal: Markets Wrap
Bloomberg

US equity futures climbed, oil slumped and the dollar fell after President Donald Trump and Pakistani mediators said the US and Iran had reached a peace agreement that would reopen the Strait of Hormuz. S&P 500 futures rose 0.8% in early Asian…

wsj.com - Benoît Morenne - Oil Executives Are Sounding the Alarm Over Dwindling Stockpiles
Oil Executives Are Sounding the Alarm Over Dwindling Stockpiles
Wall Street Journal

President Trump's deal with Iran is set to reopen the Strait of Hormuz, but how quickly it can arrest a steep decline in oil stockpiles will determine the trajectory of energy prices in the coming weeks. For more than 15 weeks, the U.S. and other…

thesun.co.uk - Ryan Sabey - Streeting backs new oil drilling licenses for North Sea to slash energy bills
Streeting backs new oil drilling licenses for North Sea to slash energy bills
The Sun

WES Streeting has backed new oil drilling licenses for the North Sea as he accused opponents of opening the door to a Reform UK government. The Labour leadership hopeful said that production should be allowed to begin at both the Jackdaw and…

forbes.com - Dara-Abasi Ita - Oil's Proved Reserves Are Becoming An AI Estimate. The Audit Rules Predate It.
Oil's Proved Reserves Are Becoming An AI Estimate. The Audit Rules Predate It.
Forbes

Oil companies are shifting reserve estimates from human engineering to machine-learning models. Permian Resources' latest quarterly report, filed this spring, names “artificial intelligence and its application in our industry” as a…

koreatimes.co.kr - Yonhap - Korea, Saudi Arabia sign agreement on crude oil, gas cooperation
Korea, Saudi Arabia sign agreement on crude oil, gas cooperation
The Korea Times

Korea and Saudi Arabia have signed an agreement to seek cooperation in the energy resources industry, including crude oil and natural gas, amid recent volatility in global supply chains, the industry ministry said Sunday. Industry Minister Kim…

independent.co.uk - Cathy Bussewitz - Oil and gas supplies could take months to return to normal after Iran deal, energy experts say
Oil and gas supplies could take months to return to normal after Iran deal, energy experts say
The Independent

High oil and gasoline prices and energy supply problems won't be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday. It will likely take months before energy companies can resume operations to…

thestandard.com.hk - The Standard 英文虎報 - Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release
Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release
The Standard

A senior Iranian official told Reuters a final draft of the memorandum of understanding with the U.S. covered a range of issues, from Tehran's nuclear work to reopening the Strait of Hormuz and U.S. waivers on oil sanctions, with a final deal to be…

bbc.co.uk - UK armed forces intercept Russian shadow fleet oil tanker in Channel
UK armed forces intercept Russian shadow fleet oil tanker in Channel
BBC

British armed forces have intercepted a Russian shadow fleet oil tanker in the English Channel the early hours of Sunday morning, Sir Keir Starmer has said. In an operation lasting six hours, Royal Marine Commandos and specially trained law…

seekingalpha.com - Rida Morwa - Oil Is Dirt Cheap, Prepare For The Spike Up Now
Oil Is Dirt Cheap, Prepare For The Spike Up Now
Seeking Alpha

Executive insights from CVX confirm that the floating shadow inventory used to mask the global deficit is officially exhausted. Comprehensive modeling from XOM indicates that crude is coiled to violently spike toward $150–$160 per barrel…

afr.com - Andrew Tillett - 'Let the oil flow': US and Iran ready to sign peace deal
'Let the oil flow': US and Iran ready to sign peace deal
Australian Financial Review

London | US President Donald Trump says the Strait of Hormuz will reopen to shipping toll-free after a deal was finally struck with Iran to put an end to nearly four months of war. Although details were still scarce, Trump said he had authorised…

nbcnews.com - U.K. forces intercept a Russian shadow fleet oil tanker in English Channel
U.K. forces intercept a Russian shadow fleet oil tanker in English Channel
NBC News

LONDON — British forces intercepted a Russian shadow fleet oil tanker on Sunday morning, its Ministry of Defence said, in the latest effort to disrupt Moscow's sanctions-evasion network. Russia's “shadow fleet” of more than 700…

rediff.com - Nandita Malik - Inflation Data, US Fed Rate Decision, Crude Oil Prices to Influence Indian Stock Markets
Inflation Data, US Fed Rate Decision, Crude Oil Prices to Influence Indian Stock Markets
Rediff.com

Indian stock markets are poised for movement influenced by crucial factors including domestic inflation data, the US Federal Reserve's interest rate decision, and global crude oil price trends, according to market analysts. Indian stock markets…

seekingalpha.com - Lance Roberts - May Inflation Print: Why The 4.2% Headline Is An Oil Story
May Inflation Print: Why The 4.2% Headline Is An Oil Story
Seeking Alpha

Money that fled semiconductors during the prior week's chip wreck found a fresh, even bigger AI vehicle to chase. Headline CPI reaccelerated to 4.2% year over year, the hottest reading since April 2023, and the “inflation is back”…

afr.com - Matt Bell - ASX 200 LIVE: ASX to rise on Iran hopes as oil dives to $US87
ASX 200 LIVE: ASX to rise on Iran hopes as oil dives to $US87
Australian Financial Review

ASX Limited and the corporate regulator will seek Federal Court approval for a settlement deal under which the market operator admits a statement it made about the status of its CHESS replacement project was misleading. ASX will pay a penalty of…

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