Oil Industry News
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Energy Down With Oil Futures on Peace Hopes -- Energy Roundup
Shares of energy companies fell alongside oil futures after reports that President Trump was close to ending the Iran war. The SPDR Select Sector energy exchange-traded fund, which tracks the energy industry group of the S&P 500, fell 1.4%, but is…
Oil Will Be Replaced Not Because It's Oil, But Because It's Oil
378913 01: Pennzenergy Company Oil Exploration Drilling Rig In The Gulf Of Mexico During Sunset. (Photo By Getty Images) Oil won't be what fuels economic progress forever. About what you just read, it's not a comment on “global…
Giant oil tanker off Dubai hit by Iranian strike, Trump threatens to obliterate Iran energy, oil plants
Iran attacked and set ablaze a fully loaded crude oil tanker off Dubai on Monday, as President Donald Trump warned the U.S. would obliterate Iran's energy plants and oil wells if it does not open the Strait of Hormuz. SCROLL TO CONTINUE WITH…
Iran Takes Aim at the Industries Behind the Gulf's Pivot From Oil
The oil states of the Persian Gulf have made great strides to diversify their economies in recent years, but they have also created a new vulnerability: more strategic targets for Iran to hit. Outgunned militarily, Iran is wreaking economic havoc…
The oil markets are experiencing a structural shift - Energy Aspects
Oil markets are undergoing a structural shift that will push crude (CO1:COM) prices to a bare minimum of $70 to $80 per barrel once conditions stabilize, according to Amrita Sen, founder and director of market intelligence at Energy Aspects.
Oil Futures Rise on Likely Technical Recovery
0006 GMT — Oil futures rise in early trade on a likely technical recovery after the futures fell markedly overnight amid hopes for a quick end to the Mideast conflict. The Wall Street Journal reported President Trump told aides that he's…
Cost of petrol, diesel and heating oil: What the latest figures show
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. A range of data measuring the rising price of petrol…
9 Biggest Oil Companies in the World
The biggest oil companies dominate the global energy sector and help power the global economy. These massive oil and gas companies produce crude oil, natural gas, and petroleum products used for transportation fuels, heating, chemicals, and…
Oil Prices Fell Tuesday-but Not This Futures Contract
Front-month Brent crude futures ended Tuesday rising 4.9% in the final leg of a record-setting 63% monthly climb. At $118.35 a barrel, futures haven't been higher since June 2022, when they spiked after Russia's invasion of Ukraine jolted energy…
Daily on Energy: A record increase in oil prices, $4 gas, and Trump cuts endangered species protections
Oil is set to finish with the biggest monthly price gain in history, eclipsing the mark set during the first Gulf War. And households are surely feeling the effects, as gas prices have now hit the $4-a-gallon mark. 🛢️💰 That's…
US 'God squad' waives environmental protections for oil drilling
Esme StallardClimate and science reporter A US federal panel has voted to exempt oil and gas drilling in the Gulf of Mexico from a decades-old law to protect endangered species. A vote by a committee known as the 'God Squad' - because of its…
Middle East oil shock jolts EV demand, putting Chinese exports in fast lane
The energy shock stemming from the Middle Eastern conflict may help Chinese electric-vehicle (EV) makers exceed their overseas expansion goals this year, according to analysts. “High oil prices – and even gasoline shortages in some…
CFTC 'Watching' Oil Futures Trading Spikes, Agency Official Says
The Commodity Futures Trading Commission is monitoring trading in the oil futures market for unusual activity, its enforcement chief said Tuesday. “I can't comment on what we're investigating or not investigating,” CFTC Enforcement…
Oil shock from war on Iran unwinds traders' playbook since Trump's tariffs
A year since U.S. President Donald Trump tripped up global financial markets with his so-called Liberation Day tariffs, the investment playbook his move inspired has been firmly put on the shelf. That's because the Iran war — now in its…
Trump Can't Scare Iran and Reassure Oil Markets at the Same Time
Donald Trump's way of talking about war has always swung between extremes. He threatens “fire and fury” one day and extols his dictator buddies for their kind and thoughtful gestures the next. Since the conflict with Iran began…
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