Oil Industry News
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Energy Down as Oil Futures Hold Losses - Energy Roundup
Shares of energy companies fell as oil futures held their hefty Monday losses, hovering around $96 a barrel in New York as traders tried to assess the likelihood of peace negotiations in Iran. Shares of Marathon Petroleum slipped despite the oil…
Stocks surge as Democrats win and oil price slips
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. Stocks soared in London on Wednesday, along with European…
Oil prices decline as markets soar on midterm results - TT
A supporter of Wisconsin Gov.-elect David Crowley, a Democrat, sports an 'I voted' sticker at an election night event Nov. 3 in Milwaukee. (Nam Y. Huh/AP) Oil market is down on continued uncertainty about what the war with Iran will mean for global…
Voters Reject Trump's Big Oil Agenda, Demand Affordable Energy and Accountability
In response to Tuesday's wave of Democratic victories, Elizabeth Bast, Executive Director at Oil Change Action, said: “Tonight voters send a clear message: They're fed up with Trump's agenda of fossil fuel giveaways, illegal and immoral…
Democrat Wins Texas Oil Regulator Seat for First Time Since 1990
Democrat Jon Rosenthal defeated Republican firebrand Bo French to become the first member of his party in 36 years to win a seat on the powerful panel that oversees the $200 billion Texas oil industry. Rosenthal, a state representative and…
AI, Oil, Tariffs on Asia Markets' Minds as America Votes
As polls close, here's what to watch: BLUE SWEEP: Many predictions markets see Democrats gaining control of both the House and Senate as the most likely outcome--one that could complicate the administration's capacity to push through policy. A…
U.S. Crude Oil Stockpiles Post Fifth Straight Weekly Drop
U.S. crude oil inventories were down for a fifth consecutive week, while distillate stocks fell to their lowest level in more than two decades, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude oil…
Oil prices drop below $100 for the first time in nearly a month
Oil prices dropped sharply on Wednesday, as European Brent crude fell below $100 per barrel for the first time since Oct. 7. The move translated to a nearly $9 drop, or a more than 8% decline. U.S. crude oil, or WTI, also slipped 8% to about $89.
Aghdam's industrial revival looks promising for Azerbaijan's non-oil economy
The expansion of manufacturing in the Aghdam Industrial Park illustrates how investment in liberated territories can support employment, strengthen domestic production and introduce Azerbaijani goods to international markets. The production of…
US Midterm Elections: Impact on Indian Markets, Crude Oil, IT & Trade Policy
Following the US midterm elections, which saw Democrats take control of Congress, analysts anticipate a significant shift in investor focus towards the US administration's moves on West Asia and global trade, with direct implications for Indian…
UAE Mulls Third Crude Oil Pipeline to Avoid Strait of Hormuz
The United Arab Emirates is considering a third oil-export pipeline that will deliver crude outside the Strait of Hormuz, according to people familiar with the matter, as the country aims to sharply reduce its dependence on the waterway. Abu Dhabi…
Anti-Islam, anti-DEI Republican loses bid for Texas oil agency seat to Democrat
Despite its name, the Texas Railroad Commission regulates the state's fossil fuel industry, rather than railroads. It is widely considered one of the most powerful agencies in Texas, and oversees all planning for oil and gas production, pipeline…
Azerbaijan to allocate ₼434 million for Heydar Aliyev oil refinery modernisation in 2027
Azerbaijan plans to allocate ₼434 million ($255.29 million) in 2027 to finance the modernisation and reconstruction of the Heydar Aliyev Oil Refinery, one of the country's key strategic industrial facilities. The funding is envisaged in the…
⚡Flash Heard: The Blue Wave Causes a Small Ripple in Oil
The Democratic sweep wiped $2 off the price of oil this morning. There is still a hefty risk premium in oil prices, because it isn't clear whether President Trump will actually listen to voters' anger about high gasoline prices. Energy traders put…
![azernews.az - SOCAR and AnewZ premiere documentary on Baku's Historic Oil Boom [PHOTOS]](https://www.azernews.az/media/2026/11/04/17937812655494520579_1200x630.jpg)
SOCAR and AnewZ premiere documentary on Baku's Historic Oil Boom [PHOTOS]
The premiere of “Oil and Ink: Stories Written in Oil,” a documentary jointly produced by the State Oil Company of Azerbaijan (SOCAR) and AnewZ television channel, was held at the Nizami Cinema Center on November 3. The event was…
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