Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
I will make final decision on Rosebank oil field, energy secretary insists
Alex Forsyth, Political correspondent and Becky Morton, Political reporter Energy Secretary Miatta Fahnbulleh has insisted she will make the final decision over whether to approve the controversial Rosebank oil field, not the prime minister or…
I will make final decision on Rosebank oil field, energy secretary insists
Energy Secretary Miatta Fahnbulleh has insisted she will make the final decision over whether to approve the controversial Rosebank oil field, not the prime minister or chancellor. She said there was a 'tight' framework involved in making the…
Aberdeen MP urges Energy Secretary to approve Rosebank oil field
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. Aberdeen South MP Douglas Lumsden has urged the Energy…
Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump
The latest shudder for stocks in the AI industry pulled markets lower worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran. The S&P 500 fell 1.2% for its worst day since July, while the…
AI Selloff Deepens in Asia; Oil Stays Elevated
The selloff has widened beyond highly leveraged AI companies with questionable funding economics, said Chris Weston, Pepperstone's head of research. 'Investors are reducing exposure across the entire ecosystem, including businesses with stronger…
AI Selloff Continues in Asia; Oil Stays Elevated -- Update
Semiconductor stocks were mostly lower after the Philadelphia Semiconductor Index plunged 6.7% overnight. Samsung Electronics fell 0.6% and Kioxia Holdings was 0.3% lower. SK Hynix bounced back to be 3.2% higher after losing as much as 4.25% in…
Palm Oil Fluctuates as Market Faces Dueling Supply Outlooks
Palm oil futures traded near steady in Kuala Lumpur, after fluctuating between gains and losses.
Under-the-radar stocks to play the next leg of the energy trade with oil prices jumping again
Iran is going to grow more desperate as oil money dries up, which makes the country even more dangerous. Some under-the-radar energy stocks Goldman Sachs loves. Why the U.S. Strategic Petroleum Reserve could be effectively empty soon. Energy guru…
Opinion | Oil Today, Crisis Tomorrow
The quotes from politicians in your editorial “ The Democratic Hormuz Alternative ” (Oct. 16) bring to mind the movie “Three Days of the Condor,” in which Higgins, a CIA official, explains why governments will go to…
The Wartime Oil Market is Turning on its Head
A key dynamic in the oil market during the Iran War is making a u-turn. Previously, when disruptions to Middle East oil shipments flared, the price run-up of physical crude cargoes far outpaced that of futures contracts. The difference suggested…
Surging oil prices and fresh tech jitters are hammering stocks
The bull market stumbled Thursday, with US stocks seeing a fresh sell-off on amid the latest surge in oil prices and continued anxiety over the AI trade. Oil jumped as markets digested a New York Times report that the US and Israel are planning…
Asian shares slip as sharp drops for AI stocks overwhelm markets worldwide and oil prices jump
Asian shares were mostly lower Friday after the latest shudder for artificial-intelligence stocks weighed on markets around the world, giving the benchmark S&P 500 its worst day since July. Oil prices were hovering at their highest levels since May…
Stocks rattled by fears over tech sell-off and rising 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. The FTSE 100 ended lower on Thursday as a tech sell-off…
Oil Signals Geopolitical Risk Is Back On The Radar
Oil prices are climbing again and are approaching the highs reached during the early stages of the Iran conflict. The latest advance reflects growing concerns about renewed conflict in the Middle East, fueled by reports that the U.S. and Israel may…
US Futures Slip as Risk-Off Sentiment Dominates With Oil Rising
Futures were under pressure as escalating concern about Mideast conflict pushed oil futures higher, spurring inflation fears with US midterm elections less than two weeks away. Investors were also parsing the latest batch of tech earnings in a bid…
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