Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Opinion: Oil patch CEOs must show a pathway to increased production after striking carbon tax deal
Please log in to bookmark this story. Create Free Account Leaders of the country's largest oil companies spent the past few months playing hardball with the federal and Alberta governments over carbon taxes. On Monday, we learned those aggressive…
Labour MPs told backing North Sea is 'about more than oil and gas'
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. MPs are being urged to back North Sea oil and…
Renewed Iran Fighting Will Sustain Shift Away From Oil
Current Climate brings you the latest news about the business of sustainability every Monday. Sign up to get it in your inbox. W elcome back to Current Climate. The resumption of hostilities between the U.S. and Iran sent oil and gasoline prices…
Oil surges as Trump says U.S. wants 20% charge for Hormuz flows
Oil surged by the most since April after U.S. President Donald Trump said he would reimpose a blockade on Iranian ships transiting the Strait of Hormuz and demand payment for all other cargo moving through the waterway, dashing hopes for a…
The Government Wants to Turn Abandoned Oil Rigs Into Rocket Launch Pads
Hundreds of offshore oil rigs have neared the end of their lives, but they remain perched high above the surface of oceans while the wells beneath them have run dry. Now, the government has proposed a plan to repurpose the offshore rigs and use…
Oil Rises Amid Escalating Mideast Conflict
2346 GMT — Oil rises in the early Asian trade amid the escalating Middle East conflict. The U.S. launched its third straight night of strikes on Iran following President Trump's announcements of a multiday wave of attacks and a fresh…
Oil Holds Gains as Iran Stokes Inflation Worries: Markets Wrap
Oil held gains and Asian stocks were set to track Wall Street lower after the standoff between the US and Iran intensified, raising concerns that disruptions to energy supplies could accelerate inflation. West Texas Intermediate crude was little…
Oil extends gains after latest US strikes, tech suffers more losses
Oil prices jumped and stocks fell again after fresh US strikes against Iran that marked a new escalation in hostilities that has fuelled fears over their already fragile truce and the chances of another spike in inflation, Reuters reports. Tech…
US Concludes Attacks on Iran, Oil Prices On the Rise, More
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The spike in oil prices could flow on to Aussie motorists
The oil price has surged more than 10 per cent following heightened Middle East tensions. The recent closure of the Strait of Hormuz saw the oil price lift, but buying in the market accelerated following Donald Trump's latest Truth Social post.
FTSE 100 flat as oil price rises amid Middle East tensions
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. The FTSE 100 struggled for direction on Monday, while the…
Oil prices jump after weekend US and Iran attacks
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 shot up further after US and Iran attacks…
Trump's Hormuz toll plans bring oil supply risks back in spotlight
President Donald Trump has proposed to impose a 20% fee on cargo passing through the Strait of Hormuz. Lipow Oil Associates estimates that Trump's proposed fee would effectively add about $16 a barrel to oil shipped through the strait. President…
Gov't Reviews Oil Supply As Middle East Crisis Continues
The government has launched an emergency review of crude oil supply conditions as tensions in the Middle East escalate following Iran's reclosure of the Strait of Hormuz and recent U.S. strikes. The Ministry of Trade, Industry and Resources said on…
Oil volatility is creating a 'win-win' trade strategy
Oil prices jumped after President Donald Trump reinstated the blockade on the Strait of Hormuz. The move follows the latest rounds of strikes between Iran and the U.S. over the weekend. The volatility is creating a unique opportunity in the options…
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