Oil Industry News
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Energy secretary warns oil industry as diesel debate rages - TT
Energy Secretary Chris Wright attends the G20 Ministerial Meeting on Energy Abundance in Houston on Sept. 15. (Mark Felix/Bloomberg) Energy Secretary Chris Wright told oil executives to prepare for possible U.S. diesel export curbs as the Trump…
Oil industry warns a diesel export ban will raise fuel prices as Trump weighs restrictions
This week, President Donald Trump indicated support for a diesel export ban. Shares of U.S. refiners fell after Politico reported that the Trump administration is preparing a plan to ban diesel exports for 90 days. But Energy Secretary Chris Wright…
Energy Shares Rise As Oil Snaps Losing Streak -- Energy Roundup
Rising oil prices buoyed energy stocks, the only sector to gain as markets worry about the inflationary impact of energy costs. U.S. crude oil stockpiles unexpectedly rose last week, as exports fell and refineries cut runs, but gasoline inventories…
Exclusive | Behind the Oil-and-Gas Industry's Blitz to Try to Defeat a Diesel Export Ban
When the oil-and-gas industry heard President Trump back the idea of a ban on diesel exports, it pulled out the bazooka. Shortly after Trump made his suggestion Tuesday, Mike Sommers, chief executive of the American Petroleum Institute, the…
Stocks struggle amid oil, bond price volatility
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. Stocks in London ended lower on Thursday as investors…
High diesel prices strain GOP alliance with Big Oil
The average cost of diesel stands at $6.52 a gallon as of Wednesday, according to AAA – an increase of more than 80% from a year ago in the hardest-hit states, many of them competitive in the November midterm elections. The response from the…
US Stock Futures Drop as Yields Climb Further, Oil Rises
Stock futures slumped Thursday amid a surge in bond yields and a fresh climb in oil prices, which is dragging down the broader market despite renewed optimism about AI after Meta Platforms Inc. 's rollout of a popular new tool. Contracts on the S&P…
Stocks struggle amid oil, bond price volatility
Stocks in London ended lower on Thursday as investors weighed developments in the US- China summit and kept a watchful eye on elevated bond yields and oil prices. In London, the FTSE 100 index ended down 25.27 points, 0.2%, at 10,679.99. The FTSE…
Backlash as Indian oil heir made professor of sustainability by Newcastle University
Newcastle University is facing a backlash from conservationists over the appointment of the heir to an Indian oil and gas fortune who runs a controversial mega-zoo as a professor of sustainability. The university announced that Anant Ambani had…
Rising Oil Prices Drive Europeans Towards Electric Vehicles
Seven months into the US-Iran war, structural changes to Europe's economy are taking hold. The unintended consequences of the conflict are turning into a boom for climate advocates seeking to lower greenhouse gas emissions. After years of broadly…
Futures Tumble As Yields Hit Multi-Decade Highs, Oil Surges
Futures are lower with Tech underperforming as part of a global risk-off tone with few areas of safety, driven by a global bond rout that has sent yields across the globe to levels not seen in a generation. As of 8:00am ET, S&P futures are 0.6%…
Oil prices increase, gas prices tick higher - TT
A driver fills up at a gas station in Racine, Wis., on Sept. 22. (Nam Y. Huh/AP) The cost for a gallon of regular gasoline in the U.S. ticked higher to an average of $4.48 on Sept. 24, according to motor club AAA. Diesel, which reaches into almost…
How the oil capital of the US welcomed a solar power boom
Steve Cargil's family has farmed the flat, dry land around Uvalde, a small city in southwest Texas, since 1953. Cargil, 67, had always assumed that one of his three children would eventually take it over, the way he had from his father. But that…
How the oil capital of the US welcomed a solar power boom
Nathalie Jimenez Business reporter Steve Cargil's family has farmed the flat, dry land around Uvalde, a small city in southwest Texas, since 1953. Cargil, 67, had always assumed that one of his three children would eventually take it over, the way…
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