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…
The Oil Signal That Could Broaden The Market Rally
(Photo by Morteza Nikoubazl/NurPhoto via Getty Images) The S&P 500 has climbed more than 15% since early April, bouncing back after a tough stretch that began with the war in the Middle East and the closure of the Strait of Hormuz. The rebound has…
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…
Ceasefire Uncertainty Remains the Biggest Driver for Oil Markets
Iran is reviewing the latest U.S. ceasefire proposal, raising hopes of a truce extension and tempering oil prices as traders weigh the risk of renewed Middle East disruptions. Ukraine's Refinery War Gives Russian Crude an Export Passport Ukraine is…
South Korea inflation tops 3% on Middle East oil shock
June 2 (Asia Today) -- South Korea's consumer price growth topped 3% in May for the first time in 26 months as a prolonged Middle East war drove up global oil prices, raising concerns that high inflation could continue through the second half of…
New Mexicans vote in gubernatorial primaries as revenue soars from oil boom
ALBUQUERQUE, N.M. (AP) — New Mexicans will choose Democratic and Republican nominees for governor Tuesday as the state grapples with high rates of violent crime, chronically underperforming schools and cuts to federal programs that are key…
US emergency oil reserve approaching all-time low
America's emergency oil reserve is dropping toward levels not seen since the 1980s, as the United States rapidly drains its supplies to stabilize global energy markets rattled by the war with Iran. According to the latest report from the Energy…
Miners lift FTSE 100 while oil price heads lower
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 has made steady progress, with events in the…
Venezuela Oil Exports Hit 7-Year High
Venezuela's oil exports inched up from April to hit a fresh seven-year high in May as shipments to the United States and India continued to rise. Venezuela exported an estimated 1.25 million barrels per day (bpd) of oil in May, up by 0.7% compared…
Oil Rises Amid Signs of U.S.-Iran Peace Talks Stalling
2341 GMT — Oil rises amid signs that U.S.- Iran peace talks may struggle to remain on track. “Media reports emerged that said Hezbollah won't accept a partial ceasefire with Israel,” ANZ Research analysts say in a research…
There are thousands of dirty old drill sites in Colorado. The state gave oil firms a $1bn pass
When Christiaan van Woudenberg moved to Erie, Colorado, in 2007, he never imagined he would become an anti-fracking activist. He simply thought he was buying his dream home – a four-bedroom with a panoramic mountain view, 30 minutes north of…
Miners lift FTSE 100 while oil price heads lower
The FTSE 100 has made steady progress, with events in the Middle East continuing to largely dictate the market mood. The FTSE 100 closed up 34.56 points, 0.3%, at 10,373.51, while the FTSE 250 ended up 132.58 points, 0.6%, at 23,378.36, with the…
Rubio signals early end to Russian oil waivers as US tightens sanctions
Rubio said the continuation of waivers depends on prevailing circumstances in global energy trade and broader US policy considerations. US Secretary of State Marco Rubio on Tuesday said the United States would prefer to end its extension of waivers…
Taliban Gets Into The Oil Game
The Taliban has just opened the spigot on five new oil wells in Afghanistan after the U.S. military withdrew from the country during the Biden administration. The new wells were opened in the Zamrad Sai area of the Amu Darya oil basin in the…
Oil Prices Dip; Still No Agreement to Reopen Hormuz - TT
Cargo and service vessels line the horizon as people ride a motorcycle along the Strait of Hormuz, off Bandar Abbas, Iran, on May 31. (Amirhosein Khorgooi/ISNA via AP) Markets are up as President Donald Trump says Israel and Hezbollah agreed to…
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