Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
We Could Be Weeks From $140 To $160 A Barrel Oil, Say Industry Experts
Oil field with rigs at sunset. World Oil Industry A proposed deal with Iran — yet another in a series that have been emerging as regularly as weekly video entertainment episodes — again seems to have set off reactions among oil…
Hassett predicts oil will flow through Strait of Hormuz in 'a month or two'
National Economic Council Director Kevin Hassett on Sunday predicted that oil shipments will pass through the Strait of Hormuz in “a month or two,” while it has been closed off amid the U.S.-Israeli conflict in Iran. Hassett told…
Oil markets trading 'tweet-by-tweet' but supply cliff looms
In some corners of the oil market, traders are betting that a peace deal between the US and Iran is imminent which has sent future contracts that expire in June plunging by almost 20 per cent last month. But for those looking out to the end of the…
Oil Rises as War Deal Remains Illusive
Good morning. Oil climbs as a US-Iran peace deal remains elusive. Nvidia is entering the PC market, taking on Intel. And SoftBank plans to invest up to €75 billion in French AI data centers. Listen to the day's top stories.
Mizuho Raises Devon Energy (DVN) Price Target as Higher Oil Prices Support Outlook
Devon Energy Corporation (NYSE: DVN) is included among the 10 Best Long-Term Dividend Stocks to Invest In According to Billionaires. Mizuho analyst Nitin Kumar raised the firm's price recommendation on Devon Energy Corporation (NYSE:DVN) to $68…
Oil prices jump as US and Iran exchange fresh strikes
Oil prices jumped more than 2 per cent on Monday as negotiations between the United States and Iran continued over a potential ceasefire extension and the reopening of the Strait of Hormuz, while stock markets in Japan and South Korea hit record…
Oil Climbs as US-Iran Ceasefire Remains Elusive: Markets Wrap
Oil climbed as tensions remained elevated in the Middle East, with negotiations over a permanent US-Iran ceasefire showing little sign of a breakthrough. Brent crude rose in early Asian trading, trading above $93 a barrel after closing at its…
France Boards Another Tanker Tied to Russian Oil Trade
France's navy boarded another oil tanker on the high seas after it sailed from Russia, the latest move in a global crackdown on shadow-fleet vessels used to export sanctioned crude. The operation, similar to others carried out in recent months…
US-Iran Trade Messages on Deal, Oil Rises on Uncertainty, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
EM Stocks Hit Record High on AI, Currencies Lower as Oil Climbs
Emerging Asian equities rose to a record, propelled by continuing enthusiasm for the artificial intelligence trade that's bolstered global stocks despite the Iran war. MSCI's emerging markets index climbed as much as 2% to an all-time high on…
Japan, South Korea stocks hit more records, as oil gains on Iran war ending fragility
Stock markets in Japan and South Korea hit fresh record highs Monday on enthusiasm over the artificial intelligence boom and as investors await a decision on the Iran war ceasefire extension. Oil prices gained more than 2% as U.S.-Iran negotiations…
Goldman Sees Two-Sided Risk to Oil as Lower Use Offsets Iran War
Goldman Sachs Group Inc. sees two-sided risks to oil prices as a slump in demand competes with supply losses from the Middle East because of the Iran war. April oil sales data from China and Western Europe jointly imply about 2 million barrels a…
Oil jumps 2% as Israel expands Lebanon offensive, rattling ceasefire hopes
Oil prices climbed as Israel expanded its military push in Lebanon. The development comes despite a ceasefire that was declared in April. Goldman saw risks from both supply disruptions and softer demand. Tim Rue | Bloomberg | Getty Images Oil…
Chef urges home cooks to add 1 ingredient to steak before cooking - not oil
Cooking a steak may seem like a doddle on the outset – as all you need is a hot pan, a pinch of seasoning and a couple of minutes on each side. However, executing the dish is easier said than done. Too long in the pan can make the meat dry…
Feds to open hundreds of acres of Colorado wilderness to oil drilling
Wildlife habitat, endangered animals and recreation could all be at risk in state's biggest public land sale in modern history. A federal agency will offer hundreds of acres in northwestern Colorado that the nation's largest elk herd relies upon…
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