Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
JP Morgan struggling to forecast oil prices due to US-Iran war
Investment banking giant JP Morgan has said it is struggling to predict how oil prices will be impacted by the US-Iran war, telling investors in a rare note that 'we simply don't know how to model the endgame'. The bank said it 'assumed' at the…
JP Morgan struggling to forecast oil prices due to US-Iran war
Michael Race Business reporter, New York Investment banking giant JP Morgan has said it is struggling to predict how oil prices will be impacted by the US-Iran war, telling investors in a rare note that 'we simply don't know how to model the…
Why One Saudi Pipeline Is Crucial to the Global Oil Market
Global oil supply has been squeezed for months as the impasse over reopening the Strait of Hormuz continues. Now, the market is grappling with another setback: the closure of Saudi Arabia's East-West pipeline. The conduit has been a key relief…
Trump's F-35 Bet Outsources War to Saudi Arabia as Oil Prices Soar
The White House's decision to greenlight the sale of advanced F-35 fighter jets to Saudi Arabia marks the latest example of President Donald Trump 's efforts to shift the burden of Middle East deterrence to regional partners. It's a risky bet. The…
Oil pares losses as market weighs Saudi supply concerns, Middle East tensions
Oil prices pared earlier losses on Friday as markets assessed Saudi supply alongside concerns about a widening Middle East conflict. SCROLL TO CONTINUE WITH CONTENT Brent crude futures fell by 33 cents, or 0.31 percent, to US$104.49 a barrel by…
Inside U.S. oil's return to global wildcatting: 'It's like geo-porn'
A volcanologist working at the U.S. Geological Survey, Ezra Yacob made a career-defining leap in 2005 when he joined Houston oil producer EOG Resources and its geoscience team at the beginning of the shale revolution. “It was this real…
Iran says it struck oil tanker in Strait of Hormuz
Iran says it struck an oil tanker that was attempting to “illegally pass” through the Strait of Hormuz. Tehran's paramilitary Iranian Revolutionary Guard Corps (IRGC) said in a statement shared by state media that it attacked a…
Europe Oil Supply Pressure Mounts After Attack Cuts Saudi Sales
Europe's oil refiners are paying eyewatering premiums for cargoes, as the shutdown of Saudi Arabia's East-West pipeline forces the region's buyers to scramble for alternatives with fuel prices soaring. Saudi Aramco has responded to the attack on…
Oil prices are high but could be much worse. Trump has China's Xi to thank for that
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Oil prices are high but could be much worse. Trump has China's Xi to thank for that
WASHINGTON (AP) — It could be much worse. When President Donald Trump launched his war against Iran in late February, energy analysts issued dire warnings that oil prices could more than double during a protracted conflict and urged…
Donald Trump Just Made India's Oil Balancing Act Even Trickier
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, New Delhi-based oil reporter Rakesh Sharma looks at the repercussions of shifting US energy policy for India. For the world's…
Oil prices swing at end of up-and-down week - TT
A diesel fuel nozzle at a Chevron truck stop in Tracy, Calif. (David Paul Morris/Bloomberg) Wall Street is drifting toward the finish of an up -and-down week. The price for a barrel of Brent crude, the international standard, got to nearly $110…
JPMorgan abandons oil price forecast as Iran war drags on
US bank JPMorgan has said that it no longer has a clear view on the oil price as the war in the Middle East drags on with no clear end in sight. The bank's analysts have abandoned a baseline view of crude oil in what is an unusual step for a major…
Wall St mixed as benchmark Treasury yields reach 5%, oil takes a pause
NEW YORK — Wall Street was mixed on Friday as benchmark U.S. Treasury yields topped 5 percent, and crude prices reversed earlier gains but remained above $100 per barrel, keeping inflation worries front and center. Investors approached the…
Stock Market Today: Dow Wavers As Oil Extends Losses; Apple, AMD In Buy Zones (Live Coverage)
Futures for the Dow Jones Industrial Average and the other major stock indexes traded mixed Friday as oil prices extended their recent losses. Meanwhile, Apple (AAPL), Advanced Micro Devices (AMD), Micron Technology (MU) and Sandisk (SNDK) were key…
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