Oil Industry News
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Murphy Offshore Oil partners with Ratio Energies to enter Israel energy market
American oil and gas company Murphy Offshore Oil is entering Israel's energy exploration market for the first time after securing offshore exploration licenses alongside Israeli firm Ratio Energies, the latter announced on Monday. The two companies…
Bacon will be extra crispy if you add common ingredient to the pan - no oil
Bacon is a beloved breakfast staple, whether you're frying it up alongside a full English or stuffing it into a sandwich for that perfect salty, crispy bite. There are plenty of ways to cook bacon, but not all methods deliver the goods, and you can…
Oil prices fall to two-month low as Trump says new Iran strikes 'unlikely'
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. Oil prices have fallen to a fresh two-month low as…
Strathcona to Acquire Greenfire in Canadian Oil Sands Deal
Alberta oil sands producer Strathcona Resources Ltd. agreed to buy Greenfire Resources Ltd. in a cash-and-stock deal that extends Strathcona's rise into the ranks of Canada's largest oil producers. The transaction values Greenfire at between C$2.7…
S&P 500 Futures Rise as Oil Falls; Nvidia Sinks on Huang Affair
US equity futures are climbing on Monday morning as oil prices drop, while shares of Nvidia Corp. slide in premarket trading after Chief Executive Officer Jensen Huang admitted to an extramarital affair with Alice Huang, a woman identified as a…
Wall Street rallies on falling oil prices despite Nvidia and AI fears
Wall Street rallied on Monday, recovering more of its steep losses from last week as oil prices fell lower. The market advance occurred despite a drop in Nvidia, one of Wall Street's most influential stocks. The S&P climbed 2.3% and was on track…
Seed Oil 'Fearmongering' Drives $1 Billion Surge in US Snack-Food Spending
The backlash against seed oils has turned into a billion-dollar business opportunity. Americans purchased more than $1 billion worth of products labeled seed oil-free in the last 52 weeks, according to NielsenIQ data. That was up more than 72% from…
Dibrugarh OIL Fire Toll Rises To Four
The death toll in the fire at the Oil India Limited (OIL) facility in Assam's Dibrugarh district rose to four on Sunday after another injured worker succumbed to his injuries. The public sector undertaking has suspended all four personnel who were…
Oil falls almost 5% as Trump signals restraint on Iran
LONDON — Brent crude futures were down almost 5 percent on Monday after hitting their lowest since early September, after U.S. President Donald Trump downplayed the likelihood of renewed strikes on Iran, though attacks continued on ships…
Wall St jumps back as oil slide eases inflation worries; Nvidia slumps
US stocks rallied on Monday, as a drop in oil prices tempered inflation fears and helped the S&P 500 bounce off its biggest weekly drop since April 2025, and tech shares jumped even as AI heavyweight Nvidia slumped with controversy swirling around…
Cullen Davis, former Fort Worth oil tycoon acquitted of murder and attempted murder in the 70s, dies at 93
Thomas Cullen Davis, the former oil tycoon from Fort Worth who was acquitted of murder and attempted murder in the 70s, has died at the age of 93. Cullen Davis, at one point one of the richest men in America, was acquitted of the 1976 shootings…
Oil Falls Amid Hopes for Easing Mideast Tensions
0230 GMT — Oil falls in early Asian trade amid rising hopes for easing tensions in the Middle East. Investors are eager to see progress on the Iran war after Democrats' sweeping win at the midterm elections, ANZ analysts say in a note.
Gov't to Decide within November How Much to Compensate Oil Refiners Hit by Price Caps
The government plans to notify oil refiners this month of how much compensation they will receive for losses incurred due to the oil price cap system. According to the government on Monday, the Ministry of Trade, Industry and Resources plans to…
Oil Prices Slide After Trump Downplays Further Iran Strikes
Brent crude futures recently traded around $94 a barrel, on track for their lowest close since August 31.
Carney Gives Canada's Oil Firms a Tax Windfall and Hopes They'll Spend It
Already awash in cash from a surge in global oil prices, Canada's crude producers have been given a gift from Mark Carney's government: a writeoff that's set to reduce their taxes, in some cases, for years to come. Third-quarter earnings reports…
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