Oil Industry News
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Daily on Energy: Oil surges above $100
The U.S. and Iran are facing another military escalation at sea. The U.S. Central Command said Tuesday night that it destroyed five Iranian oil tankers in response to recent attempts to hit a U.S. Navy warship. The U.S. hit four Iranian crude ships…
Landman Adds Michael Kelly As Oil Industry Bigwig In Season 3
In addition to playing 'House of Cards' chief of staff Doug Stamper, a part that earned him four Emmy nominations, Michael Kelly's other TV work includes roles on 'Lioness,' 'The Penguin,' 'Jack Ryan,' 'Taboo,' 'Black Mirror,' 'Person of Interest,'…
Oil Merger Spotlights Alberta's Energy Boom
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, Calgary-based reporter Robert Tuttle looks at the latest Canadian oil acquisition as the industry bulks up to meet burgeoning Asian…
Oil Sands Now Has Policies Needed to Boost Output, Canada Says
Canadian oil sands producers now have what's needed policy-wise from the federal government to raise production enough to fill major new oil pipeline capacity, the country's energy minister says. The government on Wednesday revealed plans to remove…
Oil extends gains, with Brent above $101 after U.S. destroys Iranian oil tankers
Escalation in the U.S.-Iran conflict, now in its seventh month, is raising the risk of oil prices surging above $120 a barrel as attacks on shipping intensify, Goldman Sachs said. U.S. President Donald Trump's top White House advisers have raised…
Shares dive as oil surges past 100 dollars
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. Stock prices in London closed sharply lower on Wednesday…
Oil rises past $100 a barrel after latest Middle East attacks
Oil prices climbed above $100 a barrel Wednesday for the first time since July as renewed fighting in the Middle East raised concerns about further disruptions to global energy supplies. Brent crude, the global benchmark, jumped nearly 3 percent to…
Oil rises past $100 a barrel after the latest wave of Middle East attacks
Diesel prices, which can have an outsized impact on consumers because it is used in shipping and production, hit an all-time high Friday and has continued to climb since. The average price for a gallon reached $5.94 overnight and is now 9 cents…
Asian Stocks to Fall as Oil Stokes Inflation Fears: Markets Wrap
Asian stocks fell, tracking losses on Wall Street, as surging oil prices stoked inflation concerns and as Treasury yields rose. Oil extended gains over $101 per barrel. The MSCI Asia Pacific Index slipped 0.3%, with benchmark gauges in Japan and…
Oil Climbs as China Crude Purchases Rise
Brent oil topped $101 a barrel for the first time since July amid escalating attacks across the Middle East tied to the ongoing US-Israel war with Iran. The global crude benchmark settled more than 3% higher in New York, while West Texas…
Oil Rises Amid Escalation in Mideast Conflict
0006 GMT — Oil rises amid the escalation in Middle East conflict that could exacerbate supply disruptions in the region. The U.S. military said it had destroyed five Iranian tankers in response to attempts to hit a U.S. Navy warship with…
Live: ASX set to fall as oil price rises
ASX 200 Futures: -1.0% at 8,815 points Australian dollar: +0.03% at 72.19 US cents Wall Street: Dow Jones (-0.8%), S&P 500 (-0.5%), Nasdaq Composite (-0.3%) Europe: FTSE (-1.3%), Stoxx 600 (-1.4%), DAX (-1.7%) Spot gold: +1.1% to $US4,400/ounce Oil…
S&P 500 ends down as oil tops $100 per barrel
U.S. stocks closed lower on Wednesday as oil prices soared above US$100 a barrel, while Apple dipped and Treasury yields rose ahead of crucial inflation data expected later in the week. SCROLL TO CONTINUE WITH CONTENT Worries about the global oil…
Shares dive as oil surges past 100 dollars
Stock prices in London closed sharply lower on Wednesday, as Brent crude surged above 100 dollars a barrel and heightened inflation fears weighed on global equities. The FTSE 100 index closed down 141.60 points, 1.3%, at 10,670.06. The FTSE 250…
Trump-linked oil drilling firm moves closer to Greenland ambitions
An energy exploration company with ties to the Donald Trump administration has announced a merger it says will expedite its development plans for Greenland 's resources, as private players and foreign nations—notably the U.S.—vie for…
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