Latest in Boggling Oil
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US oil industry wins reprieve to avert Gulf of Mexico shutdown
Court delays introduction of new protections for endangered species as activists bemoan ‘fear-mongering’Business - Financial Times - October 21 -
Oil scores back-to-back gains, but ‘bearish landscape’ remains
Oil futures scored a second straight session of gains on Tuesday to claw back some of steep losses suffered last week, with prices supported by some upbeat prospects for Chinese demand and ongoing ...Business - MarketWatch - October 22 -
Equinor's Key Profit Measure Lags Forecasts on Lower Oil Prices and Volumes
The Norwegian energy major reported a sharper-than-expected decline in underlying profit for the third quarter as a drop in oil prices and sales volumes offset resilient gas production.Business - The Wall Street Journal - October 24 -
Oil prices finish higher for the week as Middle East worries linger
Oil futures climbed Friday, contributing to a gain for the week, with lingering worries over the potential for a wider Middle East conflict helping to put a floor under crude prices.Business - MarketWatch - October 25 -
Israel’s attack on Iran spares oil, nuclear facilities and probably markets too
Israel launched air strikes against military targets in Iran on Saturday in its long anticipated retaliation for an Iranian missile attack on October 1st, but avoided hitting energy infrastructure ...Business - MarketWatch - October 26 -
G7 vows to clamp down on Russia’s oil sanctions evasion
Group commits to unspecified measures to enforce price cap on Russian exports in response to Ukraine war. Finance ministers of the G7 nations vowed on Saturday to step up efforts to prevent Russia ...World - The Guardian - October 26 -
Hungary’s largest oil group attacks western ‘hypocrisy’ over Russian energy
Mol’s links to Moscow have come under scrutiny after Spain’s veto of Hungarian consortium’s bid for train maker TalgoWorld - Financial Times - October 27 -
World's most indebted oil firm is headache for new Mexico leader
Claudia Sheinbaum inherits a buoyant manufacturing sector, but also a troubled state-owned oil firm.Top stories - BBC News - October 28 -
Oil tumbles after Israel refrains from attacking Iran’s refining facilities
Brent crude drops more than 6% as Tehran gives measured response to strikesWorld - Financial Times - October 28 -
BP reports lowest quarterly profit since pandemic on weak oil prices
Energy group pledges to review share buyback plan in February after latest $1.75bn repurchaseBusiness - Financial Times - October 29 -
Nigeria’s president summons Aliko Dangote over supplies to new oil refinery
Meeting on Tuesday is needed to release more crude for refinery, says industrialistWorld - Financial Times - October 29 -
Petrol and food prices will fall thanks to oil glut, says World Bank
Downward trend in oil price from higher production, falling demand in China and clean energy to continue. Business live – latest updates Petrol and food prices will fall over the next two ...World - The Guardian - October 29 -
BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas
The energy giant’s chief executive, Murray Auchincloss, has taken a profit-oriented approach and said in an interview that the company’s “principal aim” was increasing earnings.Business - The New York Times - October 29 -
U.S. crude oil edges lower after worst day in two years
Goldman expects Brent prices to recover to $77 per barrel in the fourth quarter.Business - CNBC - October 29 -
What the presidential election means for gold, oil, natural gas and other commodities
The U.S. election outcome isn’t likely to have a big impact on commodities such as energy, metals and grains in the short run, but oil and natural gas could be influenced in the years to come by ...Business - MarketWatch - 6 days ago -
China's Top Oil Companies Turn in Mixed Results Amid Weak Demand
State-controlled producer PetroChina posted lower profit and revenue, rounding out mixed results for the country’s big three oil companies.Business - The Wall Street Journal - October 29 -
OMV Misses Views as Weak Refining, Oil Trading Hit Results
The energy company’s third-quarter profit tumbled and missed expectations on lower refining margins and sales volumes from its oil-and-gas unit.Business - The Wall Street Journal - October 29 -
Oil prices edge down to finish at lowest in seven weeks
Oil futures declined on Tuesday, giving up earlier support a day after suffering their largest daily percentage decline in more than two years, with U.S. and global benchmark prices settling at ...Business - MarketWatch - October 29 -
Starbucks drops olive oil coffees as it shakes up menu
The announcement comes less than a week after the company reported falling global sales.Top stories - BBC News - October 30 -
Oil prices end higher on surprise fall in U.S. crude supply, rise in gasoline demand
Oil futures finished higher Wednesday, with official U.S. data showing a surprise decline in crude supplies in the latest week and strength in gasoline demand, prompting prices to post their first ...Business - MarketWatch - October 30 -
Starbucks will discontinue Oleato olive oil drinks at U.S. cafes in early November
New CEO Brian Niccol has pledged to simplify the Starbucks menu.Business - CNBC - October 30 -
Starbucks will discontinue Oleato olive oil drinks at U.S. cafes
Starbucks’ controversial line of olive oil-infused drinks will leave U.S. stores in early November.Top stories - NBC News - October 30 -
Trafigura warns of up to $1.1bn loss over Mongolian oil scandal
Commodity trader is taking action against a ‘small number’ of insiders involved in the alleged fraudBusiness - Financial Times - October 30 -
Oil bigwigs open wallets for Trump after billion-dollar request
Oil and gas tycoons made significant contributions to the Trump campaign after the former president asked the industry for $1 billion to support his reelection bid — and reportedly said it would be ...Politics - The Hill - 6 days ago -
Shell Earnings Beat Views as Gas Trading Offsets Low Oil Prices
Shell’s earnings topped market views thanks to its gas and upstream divisions, partly offsetting low oil prices and weak refining margins that have hit energy majors’ results over the third quarter.Business - The Wall Street Journal - October 31