Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The Oil Market's Most Trusted Number Is Going Private
A free government oil-stocks report moves prices every Wednesday. As the agency behind it thins out, private satellite data is quietly taking its place. The U.S. government publishes a count of the country's oil stocks every Wednesday, and the…
Sable keeps up the fight for energy -and lower oil prices
All Sable Offshore wants to do is produce reliable domestic oil in California. And to lower prices for California drivers. And to create jobs for California workers. And that's why Democrats and bureaucrats (but we repeat ourselves) are trying to…
Trump attempts to ramp up Alaska oil and gas drilling
On June 5, the Interior Department's Bureau of Land Management held an oil and gas lease sale bid opening for tracts of land in the Coastal Plain of the wildlife refuge, also known as the 1002 area. The area stretches across 1.56 million acres, and…
Petróleo Brasileiro S.A. - Petrobras (PBR) Inks Deal with SBM Offshore for Oil and Gas Production Vessels
Petróleo Brasileiro S.A. – Petrobras (NYSE: PBR) is one of the best hot stocks to buy for June. On May 28, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) entered into an agreement with SBM Offshore for two floating oil…
Jim Cramer Returns To ConocoPhillips (COP) As Oil Prices Touch $96
Jim Cramer Didn't Hold Back On SpaceX's IPO & Discussed These 12 Stocks. ConocoPhillips (NYSE:COP) is one of the stocks discussed by Jim Cramer. ConocoPhillips (NYSE:COP) is an oil and gas exploration and production company. The shares are up by…
Trump faces uphill battle to replenish oil stockpiles headed to record lows
It is one of the largest emergency crude stockpiles in the world, with a total capacity of around 714 million barrels across four main facilities. As of the start of June, however, there were just 349.2 million barrels of crude recorded in the SPR…
What Birth Rates and Oil Prices Have in Common
This article is for subscribers only. The solution to high oil prices is high oil prices. Or even just the worry about high oil prices. You can see it in today's market. Most analysts would have had a barrel of crude at $150 by now. It hasn't…
India Has Enough Oil And Gas Beneath The Soil
'Exploration should be made easier and companies should be given operational flexibility.' 'In my 40-year career, I have never defaulted on a single payment or failed to repay a bank loan on time.' 'As a son of the soil, we love to work in India…
The mystery of how China is keeping down the world's oil prices
Your gas could be a lot more expensive right now. Thank Xi Jinping. CFOTO/Future Publishing via Getty Images Joshua Keating is a senior correspondent at Vox covering foreign policy and world news with a focus on the future of international…
CFTC Considers Blocking CME's 24/7 Oil Contract Bid
The US Commodity Futures Trading Commission is considering whether to block CME Group Inc. 's bid to launch a round-the-clock oil contract, heightening tensions between the market stalwart and its regulator. CME Group Inc. announced on Thursday…
LandBridge: The Landlord Quietly Cashing In On Oil, Water And Data Centers (NYSE:LB)
LandBridge owns strategic surface acreage in the Delaware Basin and collects fees without taking direct drilling or commodity price risk. Q1 revenue grew 16% YoY, and adjusted EBITDA margin remained very high at 88%, showing the strength of the…
Oil Futures Set to Drop
Crude oil prices declined over the past week and are testing some key levels. Brent crude oil futures on the Intercontinental Exchange (ICE) ($87.30/barrel) and crude oil futures in the domestic market (₹7,968/barrel) shed 6.2 per cent and…
Do Higher Oil Prices Mean Rivian Stock Will Finally Mount a Rebound?
The sales of used electric vehicles took off as oil prices rose earlier in the year. That's an early sign that consumers may be looking for a way to avoid having to deal with rising gasoline costs. And it makes the story behind Rivian (RIVN +7.63%)…
Brent Crude Oil Prices Forecast to Fall Below $80 Amidst Iran Deal Hopes, China Demand Slump
Crude oil prices are projected to fall significantly this year, driven by hopes of a peace deal between the US and Iran, which could lead to the reopening of the Strait of Hormuz, and a notable drop in Chinese demand for seaborne crude imports.
Oil Futures Caught Between Diplomacy And Disruption As Iran Talks Rattle Risk Premium
WTI crude oil futures are closing out a turbulent week at $62.99 per barrel, down $2.22 or 3.40%, as shifting diplomatic signals between Washington and Tehran drive volatile price swings. The week's dominant theme has been the gradual unwinding of…
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