Oil Industry News
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Watch Shell CEO Wael Sawan on Oil, Renewables and the Future of Energy
Shell CEO Wael Sawan on Oil, Renewables and the Future of Energy Shell Chief Executive Officer Wael Sawan joins Francine Lacqua to discuss the oil major's controversial strategy around the energy transition, and fostering a culture that shifts from…
Oil-starved industry looks to reignite heat pumps
The two-week truce between the US and Iran, along with the promise to reopen the Strait of Hormuz, seemingly offered a measure of relief. Yet, oil and gas supplies appear unlikely to return to pre-war levels anytime soon. In India, while the plight…
FTSE 100 Live: Oil price surges on Hormuz blockade, Asia markets in red
Events this week are set to provide insight on the impact of the Middle East war, including tomorrow's release of the IMF World Economic Outlook. Leading Wall Street banks are also scheduled to disclose their quarterly earnings, starting with…
Oil prices spike as Trump plans clampdown on Strait of Hormuz
Oil prices spiked back over $100 a barrel as the markets reacted to Donald Trump 's blockade preventing access to the Strait of Hormuz for Iranian bound ships. Trump's chokehold on the Strait will coincide with a blockade already in place by Iran…
Oil Surges, US Futures Drop on Hormuz Blockade: Markets Wrap
Oil surged and US equity futures slid after President Donald Trump ordered a blockade of the Strait of Hormuz, escalating tensions with Iran following the collapse of peace talks. The dollar rose. Global benchmark Brent crude gained almost 8% and…
Cost of crude oil races higher as Donald Trump pledges to block Iranian ports
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. Oil prices have surged higher after US President Donald…
Oil prices surge above $100 as US Navy to blockade Iran's ports after peace talks fail
Oil futures were at over $100 per barrel in the wake of President Trump's announcement that the U.S. military would start blockading ships looking to enter the Strait of Hormuz. Prices of U.S. benchmark West Texas Intermediate crude hovered just…
Analyst Ups Crescent Energy (CRGY) Price Target Following Oil Price Deck Revision
Crescent Energy Company (NYSE: CRGY) is included among the 15 Best American Energy Stocks to Buy According to Wall Street Analysts. Crescent Energy Company (NYSE:CRGY) engages in the exploration and production of crude oil, natural gas, and natural…
Northern Oil and Gas (NOG) PT Raised as Analyst Updates Strip Oil and Gas Prices
Northern Oil and Gas, Inc. (NYSE:NOG) is included among the 15 Best American Energy Stocks to Buy According to Wall Street Analysts. Northern Oil and Gas, Inc. (NYSE:NOG) is the largest, publicly traded, non-operated, upstream energy asset owner in…
Oil Climbs Above $100 a Barrel as Trump's Hormuz Blockade Deepens Energy Shock
Oil prices climbed back above $100 a barrel as President Trump vowed to block all vessels passing through the Strait of Hormuz, deepening fears of a prolonged energy shock after weekend talks with Iran broke down. In early European trading on…
Oil jumps and Asian markets slide as US readies for Strait of Hormuz blockade
Oil prices resumed their climb and Asian markets mostly declined on Monday as the US military prepared to blockade ships entering or leaving the Strait of Hormuz, where most shipping has been stalled by Iran since the start of the war. Oil prices…
Trump says price of oil, gas 'could be' down, 'the same or maybe a little bit higher' by the midterms
President Trump said Sunday that the prices of oil and gas could drop, stay even or go “maybe a little higher” by this year's midterm elections in comments that follow his announcement that the U.S. military would start blockading…
Oil jumps above $100 after US-Iran talks end without a deal
Oil prices jumped above $100 a barrel as energy markets reopened on Monday in Asia after talks between the US and Iran ended without a new deal and Donald Trump said he would blockade Iranian ports. Global benchmark Brent crude is up by 8.5% at…
Oil prices soar as US Navy to blockades Iranian ports in Strait of Hormuz
Oil prices have rocketed in early market trading after the US announced it would blockade Iranian ports. The US military has confirmed it will halt all maritime traffic entering and leaving Iranian ports, with the measure taking effect at 10am ET…
Brits face more pain with oil back over $100 after Iran talks collapse
Brits are bracing for more pain today as oil prices surged after the collapse of Iran talks. Brent Crude is trading above $100 a barrel again after marathon negotiations failed to get an agreement and Donald Trump ramped up tensions. The US…
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