Oil Industry News
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Energy Up Alongside Oil Futures -- Energy Roundup
Shares of energy companies rose alongside oil futures as traders despaired of a deal between the U.S. and Iran. Violence in Lebanon continued, even as Iran warned that it considered clashes there to be violations of the cease-fire. Oil futures rose…
Global oil stockpiles could fall to 'critical levels' by summer, IEA warns
Global oil inventories risk declining to “critical levels” before the peak summer season – and the energy crisis could drag on for months even if a deal is agreed to end the US-Israel war on Iran, according to the International…
Oil price climbs as Middle East tensions flare
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 FTSE 100 closed lower on Wednesday amid renewed…
Aberdeen South by-election: What next for oil and gas?
David Wallace Lockhart,Scotland political correspondentand As the ships at Aberdeen Harbour come and go, they pass a memorial to 103 deep sea divers who lost their lives working in the North Sea. That's where we met James, who was cleaning the…
Nymex Overview: Oil, Product Futures Rise as Renewed Fighting Threatens Mideast Peace Progress -- OPIS
London-based August ICE Brent was up $1.95 to $97.95/bbl and September Brent was $1.85 higher to $95.30/bbl. Both oil benchmarks are on track to finish sharply higher for a third straight session, boosted by resurgent geopolitical tensions between…
Oil's Hormuz Alternatives Offer Only a Partial Fix
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, reporter Anthony Di Paola looks at the efforts by major Middle Eastern energy producers to get their oil to market and equip exporters…
Oil price climbs as Middle East tensions flare
The FTSE 100 closed lower on Wednesday amid renewed strength in oil prices as hopes for peace in the Middle East faded once more amid renewed fighting between the US and Iran. The FTSE 100 closed down 41.21 points, or 0.4%, at 10,332.30. The FTSE…
Futures Drop, Yields And Oil Rise On Latest Middle East Hostilities
US equity futures are mixed as oil prices, bond yields, and USD move higher in response to the latest overnight attacks in the Middle East with no public progress on a deal. As reported previously, the US struck Iran's Qeshm Island, which was then…
Swiss Funds With $270 Billion Plan to Blacklist Big Oil's Bonds
Swiss institutional investors managing more than $270 billion in combined assets plan to stop buying debt issued by some of the world's biggest oil and gas producers. The decision, shared with Bloomberg by representatives of the investment firms…
First Oil Supertanker Moors at Kharg Island in Almost a Month
The first oil supertanker in almost a month has been spotted moored at Iran's main crude-export facility in the northern Persian Gulf, highlighting the largely effective nature of an American blockade on Tehran's shipping. An image taken by the…
What's Keeping Oil Below $100 a Barrel?
Brent crude futures are ticking up after the U.S. and Iran exchanged heavy fire overnight, but continue to hold below $100 a barrel even though a deal between the two countries that was supposed to be imminent is proving elusive. So why is oil not…
U.S. Stock Futures Steady, Though Oil Rises on Mideast Escalation
U.S. futures were mostly steady in the European morning as stocks looked to extend the technology-led surge, even as continued Middle East escalation clouded sentiment in other sectors. Oil prices rose after the U.S. and Iran exchanged heavy fire…
Oil prices rally for a third straight day as peace-deal hopes teeter
Oil prices extended their bounce into a third day on Wednesday, as continued exchanges of fire between U.S. and Iranian forces have put hopes of a quick peace deal on hold. Although the U.S. Central Command said the Iranian drone attacks…
Lionheart Capital SPAC in Talks to Buy Oil Fields in Venezuela
Lionheart Capital is lining up as much as $2.25 billion to invest in the Venezuelan energy industry through a special purpose acquisition vehicle, according to people familiar with the matter. The Nasdaq-listed blank-check company is in talks to…
Hostilities flare in Iran war, oil jumps with talks at a stalemate
Gulf hostilities flared anew on Wednesday, with the U.S. military saying Iranian missile attacks on Bahrain, Kuwait and other regional targets were either thwarted or failed, as diplomacy between Washington and Tehran showed little progress. SCROLL…
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