Oil Industry News
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Daily on Energy: Oil prices, Europeans cut back on driving, and upcoming events
Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for…
Iran War Upends the Global Oil Industry: Kiplinger Special Report
To help you understand what's going on in the economy, domestic and global, our highly experienced Kiplinger Letter team keeps you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get…
Why Houthi threats on Red Sea shipping could mean more pain for oil markets
Yemen's Tehran-aligned Houthis said on Monday that they would ban ships linked to Israel from the Red Sea after Israel renewed its military attacks on Iran, adding to concerns about global shipping and energy flows. This is why it matters…
A Rush to Stockpile Oil Will Keep Prices Higher for Longer
“Preppers” hoard essentials like water, food and fuel. Hit by the second global energy crisis in four years, governments are developing their own bunker mentality. If they follow through on plans to stockpile more oil, energy prices…
Tories did 'level best' to ruin oil and gas sector, says SNP candidate
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 Conservatives did their “level…
Arctic Oil Drilling and the Art of the Troll
The Department of the Interior adopted a style best described as delusional triumphalism when it announced the results of its latest auction of drilling rights in the Arctic National Wildlife Refuge. The auction of oil leases on environmentally…
Watch Markets: Oil Prices Are Wrong, Says JPMorgan's Jack Caffrey
Oil Prices Are Wrong, Says JPMorgan's Jack Caffrey Jack Caffrey, equity portfolio manager at JPMorgan Asset Management, examines the impact of oil prices on equity markets and what that means for both short-term traders and long-term investors.
After All That Hype, Trump's Arctic Oil Lease Sale Raised a Laughable $3.7M
When the Trump administration announced its plan to open the coastal plain of Alaska's Arctic National Wildlife Refuge (ANWR) to oil and gas drilling in 2025, officials claimed the lease sale would be a boon for American energy dominance.
Colombia's Beleaguered Oil Sector Eyeing Comeback in Venezuela
In a reversal of fortune, oil companies in Colombia, where outgoing president Gustavo Petro has all but barred exploration for the last four years, are scoping out Venezuela. Two decades ago, Venezuelan oil executives and engineers rushed into…
China's Oil Imports Plunge to Eight-Year Low on War Disruptions
China's buying of oil from overseas slumped to the lowest in more than eight years last month as the Iran war crimped supply and Beijing held off scrambling for replacement barrels. Crude imports fell to around 33 million tons in May, according to…
Texas regulators assess $1.1 million in oil and gas penalties
(World Oil) – The Railroad Commission of Texas (RRC) assessed more than $1.1 million in enforcement penalties against operators and businesses during its latest open meeting, continuing the agency's oversight of the state's oil and gas…
Miliband urged to visit Aberdeen amid oil and gas 'extinction' accusation
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. Energy Secretary Ed Miliband has been urged…
China's Slumping Oil Imports Keep Prices In Check
China imported 7.82 million barrels of crude a day in May, a 29% drop from the year earlier and the lowest monthly level in more than eight years. Traders say the deep decline in purchasing by the world's top importer has been a major factor…
Oil prices fall as Trump tries to convince market an Iran deal is close despite recent violence
Oil prices fell Tuesday as President Donald Trump sought to convince the market that a deal with Tehran was days away, despite the barrage of strikes between Israel and Iran this week. U.S. crude oil futures were down about 2% to $89.40 by 8:05…
View: China is keeping oil markets balanced
When it comes to managing oil markets, the focus typically falls on OPEC and its efforts to regulate supply. Yet with the Strait of Hormuz effectively closed for more than three months and roughly 12 million barrels per day of OPEC+ production shut…
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