Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
India and Sri Lanka discuss oil pipeline and energy hub
India and Sri Lanka have held talks on setting up an oil pipeline connecting the two South Asian nations. Indian Foreign Secretary Vikram Misri said the discussions on Sunday between Vice President C. P. Radhakrishnan and Sri Lankan President Anura…
Oil Surges, Stock Futures Slip
Brent crude futures rose 5% to about $95, while Dow Jones Industrial Average futures were down 0.6%. The moves indicated reversals from Friday, when stocks rallied and oil prices plunged.
Stocks Set for Gains, Oil Dips on Peace Deal Hopes: Markets Wrap
Stocks were set to advance as signs Iran may join talks with the US fostered cautious optimism about progress in the Middle East ahead of a looming ceasefire deadline. Crude oil dropped. Equity-index futures pointed to gains in Japan, Hong Kong and…
Is your dark chocolate fake? The brands with milk and palm oil
As the price of chocolate soars, which dark chocolate brands are the real deal? READ MORE: Is your olive oil FAKE? Prices have surged, but some popular brands are producing lower quality bottles from vague sources Hailed as the healthier and more…
Oil Shows the Invisible Hand of the Market at Work
Even after today's rise in oil prices, benchmark Brent crude futures are more than 15% below their March peak. That's not just because President Trump seems eager to wrap up the war. Higher prices for crude also appear to be hitting demand. Surges…
Oil Falls Amid Prospects of U.S.-Iran Talks
0004 GMT — Oil falls in early Asian trade amid prospects of U.S.-Iran talks that could lead to reduced supply disruptions. U.S. negotiators are expected to arrive in Pakistan this week for talks with Iran. Iran has told regional mediators…
S. Korea Looks to Expand Red Sea Oil Route after First Tanker Voyage Succeeds
Photo: YONHAP News / VesselFinder Following the first successful passage of a South Korean tanker through the Red Sea since the closure of the Strait of Hormuz, the government and domestic oil industry are moving to expand the use of the…
From a Surrey oil well to the supreme court: how an activist changed UK climate law
It started with a notice in the local newspaper and ended with winning one of the world's most prestigious environmental prizes. In 2010, Sarah Finch was flicking through the local planning notices when one caught her eye: a proposal to drill for…
Oil prices rise and stocks give back part of record-breaking rally following latest Iran tensions
NEW YORK (AP) — Oil prices are climbing Monday following the latest rise of tensions between the United States and Iran, but the moves are more modest than they were earlier in the war. U.S. stocks, meanwhile, are giving back a bit of their…
Watch Saxo Sees 'Confusion' Reigning in Oil Markets
Saxo Sees 'Confusion' Reigning in Oil Markets Ole Hansen, commodity strategy head at Saxo Bank, discusses market sentiment as oil jumped amid a weekend flare-up in US-Iran tensions. 'Even with the setback we saw on Friday, these prices are still…
Oil Rises, Stocks Fall as Wall Street Doubts Peace Bid
The news for the energy industry wasn't pleasant Monday. Bloomberg reported that Kuwait declared a further force majeure on shipments of crude oil and refined products, acknowledging it would not be immediately able to meet its full obligations to…
Oil falls and Asian stocks rise on hopes US-Iran talks will resume
Oil prices fell and Asian stocks rose on Tuesday as markets bet that the US and Iran would resume negotiations before their fragile two-week ceasefire expired, even as Tehran remained uncommitted to attending fresh talks and both sides traded…
Kuwait Declares Force Majeure on Oil Shipments on Hormuz Halt
Kuwait declared force majeure on shipments of crude oil and refined products as the blockade of the Strait of Hormuz makes it impossible to meet obligations to customers that can't bring vessels into the Persian Gulf. State-run Kuwait Petroleum…
Asian shares are mixed and oil prices slip as talks on ending Iran war in doubt
Shares were mixed Tuesday in Asia and oil prices slipped following the latest rise of U.S.- Iran tensions. The lackluster start to trading Tuesday followed a modest retreat on Wall Street. But U.S. futures edged higher. With the fate of talks…
Oil Prices Rise Ahead of Planned Peace Talks
Benchmark futures, which tumbled on Friday after Iran said the Strait of Hormuz was open to ship traffic, regained $5.76 a barrel Monday in New York to settle at $89.61. The uptick came after new strains between the U.S. and Iran unwound some of…
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