U.S. Military Action in Iran Raises Oil Supply Concerns
Recent U.S. strikes on Iranian oil facilities have led to a significant surge in crude oil prices, heightening tensions in the Middle East.
Editorial Staff May 28
Oil & Gas
Latest Oil & Gas stories from Energy.
Small business owners impacted by East LA oil spill
Local entrepreneurs face challenges following the environmental disaster.
Editorial Staff May 28
Cleanup continues after broken pipe sends oil from East LA into LA River and toward Port of Long Beach
Efforts are ongoing to address the oil spill caused by a broken pipe in East LA, impacting the LA River and threatening the Port of Long Beach.
Editorial Staff May 27
Exploring Growth and Dividend Potential in the Oil Sector
A recent analysis highlights the promising growth and dividend opportunities within the oil sector, suggesting a favorable outlook for oil stocks.
Editorial Staff May 27
New Oil Pipeline to Bypass Hormuz Expected by 2027
A new oil pipeline, designed to enhance transport efficiency and reduce reliance on the Strait of Hormuz, is set to be operational by 2027.
Editorial Staff May 27
U.S. Exports Rare SPR Oil Cargo to Asia Amid Hormuz Tensions
As tensions rise in the Hormuz Strait, the U.S. has made a notable move by exporting a rare cargo from its Strategic Petroleum Reserve to Asia, affecting global oil prices.
Editorial Staff May 27
BOJ Governor Discusses Rising Oil Prices and Inflation Challenges
The Governor of the Bank of Japan highlights the potential impact of increasing oil prices on inflation dynamics during a recent address.
Editorial Staff May 27
Albert Manifold Removed as BP Chair Amid Bullying Allegations
BP has dismissed chair Albert Manifold following allegations of bullying, with his management style reportedly perceived as aggressive by colleagues.
Editorial Staff May 26
Surge in US Vegetable Oil Demand Fuels Price Increases
Recent data indicates a notable rise in vegetable oil prices, attributed to increased purchasing by the US market, with analysts forecasting ongoing fluctuations.
Editorial Staff May 26
Solis Minerals to Begin Drilling in Brazil for Lithium in June
Solis Minerals has confirmed that it will commence drilling operations at its lithium targets in Brazil starting in June. This marks a significant step for the company in its exploration efforts.
Editorial Staff May 26
Analysts Predict Prolonged High Oil Prices
Experts suggest that crude oil prices may remain elevated, potentially exceeding $100 per barrel for an extended period. This forecast raises concerns about the future of energy markets.
Editorial Staff May 26
Pemex Faces Ongoing Challenges Amid Rising Oil Prices
Despite the recent increase in oil prices, Mexico's state-owned oil company, Pemex, continues to encounter significant operational difficulties.
Editorial Staff May 25
Concerns Raised Over Alberta's Independence Push Amidst Economic Uncertainty
Prime Minister warns Alberta separatists of potential regret similar to Brexit, labeling the independence movement a 'dangerous bluff'.
Editorial Staff May 25
New Review Examines Impact of Offshore Energy Structures on Marine Ecosystems
An international review highlights the complex effects of offshore energy structures, such as oil platforms and wind turbines, on marine ecosystems and societal benefits.
Editorial Staff May 25
Grab Shows Notable Strength Despite Oil Price Fluctuations
An examination of Grab's robust financial performance amidst the challenges posed by changing oil prices reveals strategic responses and an optimistic growth outlook.
Editorial Staff May 25
India Explores New Oil Sources Amid Hormuz Strait Disruptions
In response to recent disruptions in the Hormuz Strait, India is actively seeking alternative oil supplies from Latin America and Africa.
Editorial Staff May 25
Wildlife Rescue Efforts Underway Following Pipeline Rupture in L.A. River
Rescue teams are mobilizing to assist oil-covered birds affected by a recent pipeline rupture that released crude oil into the L.A. River.
Editorial Staff May 25
Oil Prices Decline Amid Growing Optimism for US-Iran Peace Talks
Oil prices are experiencing a downturn as optimism increases regarding a potential peace deal between the United States and Iran.
Editorial Staff May 25
Potential U.S.-Iran Agreement Leads to Drop in Oil Prices
Recent indications of a possible agreement between the U.S. and Iran have resulted in a significant decline in oil prices.
Editorial Staff May 24
Oil Prices Decline Amid Potential Iran Agreement Discussions
Recent discussions regarding a potential agreement with Iran have led to a decrease in oil prices, as reported by The New York Times.
Editorial Staff May 24