Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Japan to boost joint oil stockpiles with UAE
Tokyo has won a commitment from the United Arab Emirates to increase joint crude oil stockpiles held in Japan by UAE companies, according to Economy, Trade and Industry Minister Ryosei Akazawa on Tuesday. Akazawa said he made the request to expand…
Oil prices ease and markets rally as Trump works towards deal with Iran
Oil prices have eased and stock markets rallied as Donald Trump touted “great progress” towards a “final agreement” with Iran, while momentum in AI-driven trading accelerated. The US president said he would briefly pause…
Iran war jolts China's well-oiled manufacturing hub
Vacuum cleaners and vapes could get more expensive if the Iran war drags on for much longer, Chinese factory owners and traders warn, as the world's manufacturing hub reels from 'crazy' costs. SCROLL TO CONTINUE WITH CONTENT Weeks of US-Israeli…
Greens only party telling truth on need to stop oil and gas drilling - Mackay
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The Scottish Greens are the only party…
Iran's New Oil Weapon
Despite a fragile cease-fire between the United States and Iran, the global economic crisis sparked by the closure of the Strait of Hormuz continues unabated. Dueling blockades have kept 20 percent of the global oil supply, 20 percent of the global…
Oil prices drop below 100 dollars a barrel on renewed hopes over peace deal
Oil prices have fallen sharply to below 100 US dollars a barrel on fresh hopes of an end to the Iran war and unblocking of the crucial Strait of Hormuz. The cost of benchmark Brent crude dropped 11% to under 98 dollars a barrel in afternoon trading…
Oil price edges lower as Trump pauses Strait of Hormuz 'Project Freedom
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Oil prices have edged lower on Donald Trump…
Watch What It Will Take to Fix the Oil Market
What It Will Take to Fix the Oil Market The standoff in the Strait of Hormuz has removed millions of barrels of oil from markets, exposed stockpiles, spare capacity and even OPEC. Here's what would get the energy markets back on track.
Sharp Surge in Oil Prices Lifted Magnolia Oil & Gas Corporation (MGY) in Q1
Diamond Hill Capital, a First Eagle Investment Management company, issued its Q1 2026 investor letter for its “Small Cap Strategy”. A copy of the letter can be downloaded here. Small caps started 2026 strong, following 2025, but…
Senate Democrats demand reinstatement of sanctions on Russian oil
A group of Senate Democrats are demanding that the Trump administration re-impose the sanctions it temporarily lifted on Russian oil to offset rising energy costs amid the Iran war. Fourteen Democratic senators urged Treasury Secretary Scott…
Watch US Gasoline at $5 'Not Likely', Oil Analyst Schork Says
US Gasoline at $5 ‘Not Likely', Oil Analyst Schork Says Stephen Schork, principal and editor at The Schork Group, explains how a potential deal to end the Iran war can impact the global oil market and why US gasoline prices are unlikely to…
Oil Drops as Hopes Mount US and Iran are Nearing a Peace Deal
Good morning. Oil falls and stock futures rally on fresh US-Iran peace hopes. Samsung joins the $1 trillion club. And it may be time to check your travel insurance. Listen to the day's top stories.
'Keystone Light': These Wyoming oil tycoons are reviving the controversial pipeline
On the first day of his presidency back in 2021, Joe Biden revoked a key permit for the Keystone XL pipeline, which would have brought oil from Canada's tar sands into the U.S. The decision to kill Keystone XL was perhaps Biden's clearest gift to…
Oil prices above $110 are starting to matter to the stock market again
Oil is starting to matter to the stock market again. Stocks have had a curious relationship to oil prices over the last month, with the two assets rising in tandem. Since the close of April 8, around when President Donald Trump announced a fragile…
There's one reason why $200-a-barrel oil can't be entirely ruled out
This year's roughly 80% surge in oil prices has done little to diminish demand for crude globally. The surprisingly strong appetite for oil globally comes despite significant crude-supply disruptions from the Iran war. That combination makes the…
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