Oil Industry News
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Stocks boosted by lower oil price and tech rally
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. Stocks in London prospered on Monday as oil prices fell…
Stocks boosted by lower oil price and tech rally
Stocks in London prospered on Monday as oil prices fell amid hopes for progress on peace talks between the US and Iran, and technology stocks rallied after recent falls. The FTSE 100 Index closed up 31.55 points, 0.3%, at 10,761.33. The FTSE 250…
Oil price falls amid hope of a breakthrough to end Iran war
The oil price fell to its lowest level in over two weeks on Monday, amid new hopes of a breakthrough to end the Iran war. Brent crude, the international benchmark, dropped by more than 6.5% to as low as $105.55 a barrel, the lowest since 16…
Big Oil's spending caution speaks louder than its profits
Big Oil is reaping near record cash windfalls from the eight-month-old Iran war, but Western energy producers' reluctance to ramp up spending reveals persistent doubts about the industry's long-term outlook. SCROLL TO CONTINUE WITH CONTENT BP…
Oil prices pull back sharply on signs of US-Iran diplomacy to end war
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. Oil prices have eased back sharply on hopes of progress…
Use £5bn oil and gas revenues to fund Acorn carbon capture - SNP
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 UK Government must use £5.1 billion in forecast…
Stock Futures Higher, Oil Lower as Investors Return to Risk
Stock futures rose and Treasury yields eased, as falling oil prices encouraged investors to make a cautious return to risk after last week's tech selloff. Nasdaq futures rose 0.7%, while futures for the S&P 500 and Dow Jones Industrial average were…
Use £5bn oil and gas revenues to fund Acorn carbon capture - SNP
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. The UK Government must use £5.1 billion…
US Stock Futures Rise as Oil Prices Drop Easing AI-Led Selloff
US equities advanced, led by technology shares, as falling oil prices offered relief after a bruising week for the artificial intelligence trade. Investors are turning to a packed week of potential market catalysts, including October manufacturing…
Los Angeles City Council stops oil drilling and extraction after lengthy battles with Big Oil
Los Angeles has become the largest city in the US to ban oil drilling, after years of lawsuits and campaigning by residents who raised the alarm over pollution and potential health risks from nearby wells. 'Frontline communities have pushed the…
Oil Update - October 2026
I am raising the midpoint of my range from last month by $15 per barrel. Absent kinetic conflict or a resolution to open the Strait of Hormuz, I expect WTI oil prices to range between $97.50 and $112.50 per barrel for October. US midterm elections…
Nine big oil firms on track to share more than £95bn profit two quarters in a row
The world's biggest oil companies are on track to amass profits of more than $95bn (£71bn) in the third quarter as the war in the Middle East drives up the price of fossil fuels. The windfall war profits have sparked calls for oil…
Oil prices decline on hopes for progress on Iran war efforts - TT
Oil storage tanks. (Nick Oxford/Bloomberg) Oil prices declined on hopes for progress in diplomatic efforts between the U.S. and Iran. Iran's top diplomat said in an interview shared on his Telegram channel over the weekend that Iranian negotiators…
Freight Surge Pushes Venezuelan Oil Exports to Eight-Month Low
Soaring shipping costs coupled with seasonal refinery maintenance weighed on Venezuelan oil exports, sending flows last month near the lowest levels seen since the ouster of strongman Nicolás Maduro. Tankers loaded 809,000 barrels a day of…
Venezuela's oil buildout faces worker shortage
A shortage of oil and gas workers in Venezuela is holding up investment and frustrating Washington's plans to tame soaring fuel prices. Decades of mismanagement and corruption have hollowed out Venezuela's oil industry, while a government crackdown…
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