Oil Industry News
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European Stocks Advance as Oil Prices Drop; Siemens Energy Up
European stocks gained as a pullback in oil prices offered some relief from inflation concerns and bond-market pressures that have weighed on the region in recent sessions. The Stoxx Europe 600 rose 0.6% as of 11:35 a.m. in London. Brent crude…
Melrose soars and stocks climb as oil price cools
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 closed higher on Tuesday as oil prices fell…
A U.S. - Canada Trade War Would Bring Dire Impacts On Oil Trade
TOPSHOT - US President Donald Trump meets with Canadian Prime Minister Mark Carney in the Oval Office of the White House in Washington, DC on October 7, 2025. Carney's meeting comes as he hopes of convincing President Donald Trump to ease US…
Electrifying The Military - Could Batteries Replace Oil Soon?
At an estimated 250,000 or more, the US military has the largest number and variety of land vehicles among the world's armed forces. What might it take to hybridize or electrify such a combined fleet? (Photo by Mandel NGAN / AFP) (Photo by MANDEL…
Woodside scraps long-term emissions and clean energy targets despite windfall oil profits caused by Iran war
Woodside Energy has scrapped its long-term emissions and clean energy targets, even after enjoying a period of windfall oil profits caused by the Iran conflict. Australia's biggest oil and gas company recorded a 27% increase in sales profit to…
Drop In Crude Oil Prices Fuels Markets
WTI crude oil falls to $82 range. Investors await Nvidia's earnings. Intuit to report after the bell. A drop in crude oil prices, spurred by the U.S.'s turn toward economic pressures on Iran rather than missile attacks, is fueling the three major…
Venezuela oil output reaches highest level since 2019
Aug. 25 (UPI) -- Venezuela's oil production has reached 1.23 million barrels per day, its highest level since February 2019, acting President Delcy Rodríguez announced. The production level represents a 29.8% increase since the beginning of…
Melrose soars and stocks climb as oil price cools
The FTSE 100 closed higher on Tuesday as oil prices fell and investors geared up for Wednesday's double bill of earnings from Nvidia and US inflation data. The FTSE 100 Index closed up 31.84 points, 0.3%, at 10,886.16. The FTSE 250 ended up 138.57…
Texas oil and gas industry reports another month of job losses in upstream sector
(The Center Square) – The Texas oil and gas industry in July reported another month of job losses in the upstream sector. The upstream sector includes oil and natural gas extraction and related support activities. It excludes refining…
In US-Canada trade spat, Washington left out a key lever: Canadian oil
A breakdown in trade negotiations between the US and Canada over the weekend led Washington to impose a 50% tariff on a wide range of Canadian goods, including furniture, dairy, electrical products, and plywood. But the tariffs specifically exclude…
Oil prices decline as U.S. raises pressure on Iran - TT
Oil prices retreated close to 3% after U.S. Treasury Secretary Scott Bessent announced fresh sanctions against Iran. Nvidia, one of the biggest beneficiaries of the AI boom, will deliver its quarterly earnings report on Aug. 26, potentially…
Satellite Image Shows Surge in Iraq's Persian Gulf Oil Loadings
Oil loadings from Iraq's export installations in the Persian Gulf jumped on Monday with seven tankers collecting the nation's cargoes, the latest sign that regional flows might be climbing. The ships in question have a transportation capacity of…
US Natural Gas Drops With Oil on Effects of Iran Pressure Plan
US natural gas futures fell alongside crude and European gas futures as a US plan to increase economic pressure on Iran seemed less likely to affect physical supply than investors expected. While US gas is fundamentally unaffected by such…
Current price of oil as of Aug. 25, 2026
Stocks stagger and oil rises as traders eye Iran threat, Nvidia results
Asian stocks fluctuated Tuesday while oil edged up as investors assess a US plan for the “economic asphyxiation” of Iran, while tech firms struggled following another down day on Wall Street and ahead of earnings from chip titan…
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