Oil Industry News

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japantimes.co.jp - Iran oil waiver offers lifeline to Tehran as talks proceed
Iran oil waiver offers lifeline to Tehran as talks proceed
The Japan Times

The U.S. issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal. Vice President JD Vance, attending the discussions in…

japantimes.co.jp - Yongchang Chin - Iran rushes to woo Asia's largest oil importers after U.S. waiver
Iran rushes to woo Asia's largest oil importers after U.S. waiver
The Japan Times

Iran is racing to court some of Asia's largest oil buyers as a 60-day U.S. sanctions waiver takes effect, a temporary lifeline that should allow Tehran to resume exports and begin clearing a backlog of cargoes on the water, even as peace talks…

forbes.com - Boaz Sobrado - Onchain Perpetuals: Trade Oil, Gold And Stocks On Ostium
Onchain Perpetuals: Trade Oil, Gold And Stocks On Ostium
Forbes

SEOUL, REPUBLIC OF KOREA: Gold bars are displayed at Shinhan Bank in Seoul on 09 January 2004. 'You can typically guess what the most traded assets are,' said Kaledora Kiernan-Linn, 'by looking at what's trending on Twitter.' Social feeds, more or…

thecentersquare.com - By Bethany Blankley | The Center Square contributor - Texas oil and gas industry report job gains in May
Texas oil and gas industry report job gains in May
The Center Square

(The Center Square) – The Texas oil and natural gas industry again reported job gains in May although it was another month of job declines in the upstream sector, which includes extraction. The industry gained 4,100 jobs in May over the…

bloomberg.com - Bloomberg Daybreak Asia: Iran Oil Waiver
Bloomberg Daybreak Asia: Iran Oil Waiver
Bloomberg

Bloomberg Daybreak Asia Podcast • Browse all episodes Business and finance news from the Asia-Pacific. The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two…

thehill.com - Rachel Frazin - Mixed messages on Strait of Hormuz create uncertainty for oil
Mixed messages on Strait of Hormuz create uncertainty for oil
The Hill

Mixed messages from the U.S. and Iran on the Strait of Hormuz are injecting further uncertainty into the future of the waterway and global oil supplies. Over the weekend, the Iranian military said that it would close the strait in response to…

bloomberg.com - Rob Verdonck - Asian Stocks Set for Gains as Oil Holds Losses: Markets Wrap
Asian Stocks Set for Gains as Oil Holds Losses: Markets Wrap
Bloomberg

Asian stocks were set for a positive open after oil retreated on optimism about progress in peace talks between the US and Iran, offsetting weakness in Wall Street where drops in several tech giants weighed on benchmarks. Equity futures pointed to…

bloomberg.com - Markets Close Mixed, US Offers Iran Oil Waiver, More
Markets Close Mixed, US Offers Iran Oil Waiver, More
Bloomberg

Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…

thestandard.com.hk - The Standard 英文虎報 - US suspends Iran oil sanctions, says nuclear inspectors to return
US suspends Iran oil sanctions, says nuclear inspectors to return
The Standard

The United States temporarily suspended sanctions on Iranian oil on Monday after Vice President JD Vance said Iran would allow UN nuclear inspectors to return to the country, following talks in Switzerland. SCROLL TO CONTINUE WITH CONTENT Last…

theguardian.com - Julia Kollewe - Oil prices fall after US waives Iran sanctions and peace talks in Switzerland progress - business live
Oil prices fall after US waives Iran sanctions and peace talks in Switzerland progress - business live
The Guardian

South Korean stocks tumbled nearly 10% because of a big sell-off of technology stocks. Foreign investors dumped major semiconductor and other shares to take profits, following a sell-off in US technology stocks. The South Korean won weakened…

scmp.com - Associated Press - Mexican leader seeks to restart oil shipments to Cuba as island's crises deepen
Mexican leader seeks to restart oil shipments to Cuba as island's crises deepen
South China Morning Post

Mexican President Claudia Sheinbaum said on Monday that her country seeks to restart oil shipments to Cuba soon, a move that could provide much-needed relief as the island's crises deepen given a lack of petroleum. Sheinbaum said her administration…

yahoo.com - NBC - U.S. authorizes Iranian oil sales for 60 days
U.S. authorizes Iranian oil sales for 60 days
Yahoo!

U.S. crude prices fell 2.7% to about $74 per barrel after Treasury Secretary Scott Bessent announced a 60-day waiver of sanctions on the purchase of Iranian oil. NBC News' Brian Cheung reports on the oil market's reaction to the temporary sale of…

seekingalpha.com - Jennifer Warren - Strait Of Hormuz (Video): Adaptive Oil Market, But...
Strait Of Hormuz (Video): Adaptive Oil Market, But...
Seeking Alpha

Oil prices have remained resilient near $100/barrel during the Strait of Hormuz crisis, defying projections of $150–200. Pre-crisis global inventory surpluses and strategic stock drawdowns provided critical market buffers, moderating price…

bloomberg.com - Ashutosh Joshi - Global Funds Snap Indian Stock Selling Streak as Oil Shock Ebbs
Global Funds Snap Indian Stock Selling Streak as Oil Shock Ebbs
Bloomberg

Foreign investors turned buyers of Indian equities for the first time in two months as easing Middle East tensions and lower oil prices revive appetite for the market. Global funds purchased a net of almost $900 million of Indian shares last week…

wsj.com - WTI Crude Oil Price Showing Likelihood of 'Corrective' Rebound, Chart Shows
WTI Crude Oil Price Showing Likelihood of 'Corrective' Rebound, Chart Shows
Wall Street Journal

0032 GMT — WTI crude oil price is showing likelihood of a “corrective” rebound, based on its daily chart, FOREX.com's Fawad Razaqzada says in an email. “WTI has been trending lower for several weeks, leaving momentum…

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