Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Dan Walters: How Gavin Newsom's Complex History with Oil Industry Could Affect a Presidential Run
[ Noozhawk ' s note: We republish news articles and commentaries from CalMatters on state and local policy issues that affect Santa Barbara County readers.] Gov. Gavin Newsom and his family have had a long and complicated relationship with the oil…
Andy Burnham urged to stick to Labour manifesto on North Sea oil
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. Andy Burnham has been urged to stick to Labour's…
Burnham risks Labour backlash if he reverses ban on new oil and gas drilling
Andy Burnham risks his first confrontation with Labour MPs if he announces new oil and gas drilling licences when he becomes prime minister, insiders have warned. Speculation is rife that Burnham will announce some new plans for drilling in the…
Indian Stock Market Outlook: Q1 Earnings, Geopolitics, Crude Oil Prices
Indian stock markets are poised for a dynamic week, with corporate Q1 earnings, escalating geopolitical tensions in West Asia, and volatile crude oil prices identified as the primary forces shaping investor sentiment and market direction. Corporate…
Burnham tipped to announce new North Sea oil drilling plans
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. Andy Burnham will announce plans for fresh…
Andy Burnham urged to stick to Labour manifesto on North Sea oil
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. Andy Burnham has been urged to stick to…
Iran makes defiant vow not a 'drop of oil and gas' will leave Strait of Hormuz
Iran today vowed not 'a single drop of oil and gas' will leave the Strait of Hormuz until the US ends its 'criminal' attacks. The warning came after Donald Trump's forces launched a seventh consecutive night of airstrikes on the country on Friday…
U.S. Emergency Oil Reserve Hits Lowest Levels Since 1983: Why It Matters
In underground salt caverns in Texas and Louisiana, the U.S. government stores hundreds of millions of barrels worth of oil in case of energy shocks. Those reserves are now at their lowest levels in decades. In May, President Trump said the U.S.
Andy Burnham urged to stick to Labour manifesto on North Sea oil
Andy Burnham has been urged to stick to Labour's manifesto and block further drilling in the North Sea amid reports he is considering backing new oil and gas projects. Allies of the new Labour leader have said he intends to make a…
Oil and Gas Employment Hits a 2026 Low Even as Production Sets Records
Chevron is cutting up to 9,000 jobs this year. That's a fifth of its global workforce, gone, while it digests the $53 billion Hess deal. ExxonMobil trimmed 2,000. BP shed more than 5 percent of its staff, plus 3,000 contractors. ConocoPhillips is…
'We've Burned Through All Buffers': Oil Traders Warn Market Running On Fumes
Brent crude futures jumped a little more than 4% to nearly $88 a barrel, putting the crude oil benchmark on track for its biggest weekly gain since April. That move followed an Axios report that said the Trump administration had notified Israel it…
Iran Rushed Out $6 Billion of Oil During Brief Truce With U.S.
Starting in late June, about 20 Iranian tankers began arriving in the waters off the east coast of Malaysia, their hulls heavy with oil. The U.S. had lifted its blockade of Iranian ships about 10 days earlier, and Tehran was determined to get its…
Weekly Indicators: All Timeframes Positive Despite Increase In Oil Prices
All major economic timeframes—long leading, short leading, and coincident indicators—remain positive, signaling ongoing economic expansion. Yield curve normalization and booming corporate profits are the primary long-term drivers…
Kuwait Pounded By Iranian Barrage As Oil And Desalination Plants Come Under Attack
Kuwait was bombarded overnight in one of the fiercest Iranian retaliatory strikes since the US-Iran conflict erupted in late February, with missiles and one-way drones targeting power infrastructure and other critical energy assets. Local outlet…
Sanctioned Tanker Is Leaking Oil Near Oman
By Catherine Cartier and Jonathan Saul July 17 (Reuters) – A vessel under sanctions for moving Russian fuel is likely leaking oil in a protected marine area off the coast of Oman, according to analysis of satellite imagery and experts. The…
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