Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
After His Iran War Triggered an Oil Crisis, Trump Blames Soaring Energy Prices on Climate Regulations
Fuel prices have exploded throughout the US since Donald Trump began his war on Iran. According to the Center for American Progress, gas and diesel prices are 43 and 68 percent higher, respectively, as of October 22 compared to when the war began…
'The $100 level is ours for awhile': Oil won't be getting cheap anytime soon, no matter what happens in the Gulf
The oil market didn't bat an eye after reports Thursday of tankers hit by mines in the Strait of Hormuz. The market may soon reach a point, however, where the dust finally settles enough to see the true chaos the eight-month-old conflict in the…
Nymex Overview: Oil, Diesel Retreat as U.S. Steps Up Diplomacy -- OPIS
Crude-oil and diesel contracts fell sharply as the latest diplomatic efforts by the Trump administration to engage Iranian hard-liners in peace talks eased worries over a possible war escalation. December Nymex West Texas Intermediate crude futures…
Exclusive | Chevron Is Back to Searching for Oil and Gas in Far-Flung Places
is back on the hunt for oil and gas in far-flung, undeveloped regions after years of cutting spending on frontier exploration and drilling close to home. The oil giant, the largest in the U.S. behind, is rolling in cash after the Iran war spurred a…
Satellites Show Saudi Persian Gulf Oil Loadings Hit Wartime High
Oil loadings from Saudi Arabia's export facilities in the Persian Gulf jumped on Wednesday with nine supertankers collecting the nation's cargoes, the latest sign that regional flows might be climbing. Images from the European Union's Sentinel 2…
Sandesara Family's Sterling Oil Adds Eni's AENR To Its Nigerian Portfolio
LAGOS / MUMBAI: Sterling Oil Exploration and Energy Production Company Limited has expanded its Nigerian energy portfolio through the acquisition of Agip Energy and Natural Resources (Nigeria) Limited (AENR), a subsidiary of Italy's Eni. The…
Seven oil tankers carrying 288,000 tonnes of Russian diesel sail towards US
Seven oil tankers carrying an estimated 288,000 tonnes of Russian diesel are now sailing towards the US, though it is uncertain if the vessels will be able to unload amid a political row about the legality of the shipments. The transport, tracked…
LA pushes oil drilling shutdown despite industry warnings of lawsuits, gas price hikes
Los Angeles is pushing ahead with a sweeping 20-year shutdown of oil drilling across the city after the Council voted 13-0 Wednesday, despite warnings from oil companies of costly lawsuits, property rights violations and increased dependence on…
Households urged to dispose of used cooking oil using binman's method
For those who frequently cook at home, there's one specific kitchen by-product that can become rather problematic if not disposed of correctly. Used cooking oil poses a real challenge, especially when you've built up a significant quantity. It's…
Shell criticised over bumper earnings haul amid soaring oil prices
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. Shell has revealed quarterly earnings nearly doubled as…
Sinopec's Third-Quarter Profits Soar on Higher Oil Prices
Sinopec, China's biggest oil refiner, posted higher third-quarter profits after the Iran war boosted energy prices and helped improved processing margins. The state-owned company, formally known as China Petroleum & Chemical Corp., said net income…
Petrobras Pumps at Record as Iran War Upends Oil Markets
Brazil's state-controlled oil producer Petrobras lifted production to a record and ran its refineries near full capacity in the third quarter, helping the country weather disruptions to global energy markets from the Iran war. Oil and gas output…
Big Oil earnings are set to surge. Why investors may want to be cautious
I'm heading to the Middle East and Europe. Here's what I expect to see. Big Oil earnings are coming. Why guidance could matter most and why the the charts suggest investors should be cautious. Energy Secretary Wright on nuclear, Iran and U.S. LNG.
Exxon, Chevron Cancel Plans to Attend Abu Dhabi Oil Conference
ExxonMobil Holdings Corp. and Chevron Corp. canceled plans to attend the ADIPEC oil conference in Abu Dhabi next month amid heightened security concerns in the Middle East. Both companies had been scheduled to attend the conference but have since…
Oil Falls as Traders Weigh Middle East Risks
0116 GMT — Oil falls in early Asian trade, after settling higher overnight. Vice President JD Vance is engaging one of Iran's most powerful hard-liners to revive peace negotiations even as President Trump threatens to restart the war after…
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