Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil prices rise sharply, with no relief in sight - TT
An Energy Transfer crude oil tank battery outside of Garden City, Texas. (Eli Hartman/Bloomberg) Uncertainty about when the war with Iran will allow the energy industry to return to normal means oil prices are unlikely to ease any time soon.
U.S. authorizes sales of sanctioned oil tankers - TT
Energy Secretary Chris Wright. (Andrei Pungovschi/Bloomberg) The Trump administration is authorizing sales of sanctioned oil tankers to investors who will refurbish them and transport non-sanctioned crude, Chris Wright said. Wright said converting…
IEA ready to go if further oil stocks release needed, chief says
The International Energy Agency is ready to coordinate more emergency oil releases by member countries if needed, its boss said on Tuesday, while it spurs the release of diesel under existing plans to help cool surging prices. SCROLL TO CONTINUE…
Oil Edges Lower But Supply Risks Linger
0048 GMT — Oil prices edge lower in early Asian trade. “The Trump administration continues to talk up its efforts to support oil flows, with Energy Secretary Chris Wright saying they had recovered to about 80% of their pre-conflict…
91 percent in Texas poll say Iran war raising oil and gas prices
More than 90 percent of Texas voters believe the Iran conflict is raising oil and gas prices, according to a new survey. In the CBS News/YouGov poll, 91 percent of respondents said the war against Iran is making oil and gas prices in the U.S.
Oil Prices Rise to Five-Month High
The price of Brent crude futures, which trade today around a five-month high after Iran again reasserted its right to control the Strait of Hormuz. 'To safeguard our security, we have no choice but to exercise sovereignty over the Strait of…
Oil prices move higher as traders adjust to a new normal in the Middle East
Oil prices surged in early trading Tuesday, as energy markets adjusted to a new normal in the Middle East. The increase in crude prices threatened to drive up the cost of gas in the United States just two weeks ahead of the midterm elections. U.S.
Cuba opens oil sector further to private investment under new law
Oct. 19 (UPI) -- Cuba's new oil and gas law took effect Monday, allowing more private businesses and foreign investors to participate in the country's energy industry as the island struggles with fuel shortages and widespread power outages. The…
Asian Refiners in Dispute With Saudis Over 2027 Oil Contracts
Saudi Aramco's term-contract negotiations with Asian oil refiners have run into trouble due to disagreements over outstanding purchases in existing deals, said traders involved in the discussions. The disputes are a byproduct of the Middle East…
AI Selloff Returns, Oil Tops $110 a Barrel
A recovery in artificial intelligence stocks faltered while oil prices ticked back above $110 a barrel, as investors once again pulled back from risk. Nasdaq futures fell 0.3% after the index jumped over 1% Monday, as AI infrastructure stocks come…
US futures dip as AI sell-off returns and oil prices rise sharply
U.S. futures are mostly lower as artificial-intelligence stocks come under pressure again and oil prices rose amid sporadic fighting in the Middle East. Futures for the S&P 500 fell 0.1% on Tuesday, while those for the Nasdaq declined 0.5%. Futures…
Veterinarians recommend fish oil for dogs, and these ones meet the highest quality standards
The best fish oil for dogs can support your pet's health in several important ways. Studies show it may help with arthritis and joint health, skin allergies, coat health, immune function, and cardiovascular health. The omega-3 fatty acids DHA and…
My fried egg was tastier when I ditched olive oil and butter for simple item
As a huge egg enthusiast, my go-to method is scrambling them with a tablespoon of Greek yoghurt. Recently, though, I've found myself craving something simpler — a classic fried egg. Over time I've experimented with adding flavour through…
GSG: Oil Drives It, Metals And Crops Decide The Rest (NYSEARCA:GSG)
The iShares S&P GSCI Commodity-Indexed Trust ETF is heavily weighted to energy (51.8%), with oil as its largest component. GSG benefits from the current backwardation in oil futures but faces high volatility and is trading over 20% above its…
BP oil disaster linked to 60% collapse in deep-sea marine life
Marine populations in the deep waters of the Gulf of Mexico plummeted by roughly 60 percent in the years following the 2010 Deepwater Horizon explosion, with little evidence of recovery, a new study has revealed. In a critical mid-water area of the…
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