Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
BOB SEELY: We shut down our oil industry - then give money to an enemy
READ MORE: 'Pathetic' PM is blasted over move to water down sanctions on Russian oil If you want an example of the reckless foolishness of the Net Zero madness foisted upon Britain, look no further than Labour 's decision to ease sanctions on…
The Oil Era Is Ending
Bluesky “Future historians may well see the Iran war as the moment the US unwittingly ceded leadership to China” as the world's pre-eminent superpower, writes Jonathan Watts in a reported essay in The Guardian published earlier this…
Consumer Cos Up as Oil Futures Fall -- Consumer Roundup
Consumer companies rallied after generally strong earnings and a slide in oil prices. A 5.7% drop in oil futures based on hopes for a peace deal between the U.S. and Iran sparked a rally in airline shares. The U.S. Global JETS exchange-traded fund…
Imperial Oil Ltd. stock falls Wednesday, underperforms market
Shares of Imperial Oil Ltd. IMO slipped 2.94% to C$183.85 Wednesday, in what proved to be an otherwise all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 1.25% to 34,161.82. Imperial Oil Ltd.
Tourmaline Oil Corp. stock falls Wednesday, underperforms market
Shares of Tourmaline Oil Corp. TOU shed 2.30% to C$67.15 Wednesday, in what proved to be an otherwise all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 1.25% to 34,161.82. Tourmaline Oil…
Oil Futures Rise on Likely Technical Recovery
0010 GMT — Oil futures rise in early Asian trade on a likely technical recovery after the futures posted back-to-back losses overnight. The decline in oil futures came as President Trump said the U.S. is in the “final stages”…
Is there a motor oil shortage? Here's why your oil change is getting more expensive.
Gas prices aren't the only thing going up. The cost of an oil change is also getting more expensive, as motor oil shortages could make it harder to get your next service appointment. At MacKenzie Motors in Boston, there's been a change that is…
European markets to open flat as oil prices fall below $100
Timothy A. Clary | Afp | Getty Images LONDON — European stocks are expected to open around the flatline on Thursday as investors assess the latest geopolitical news and oil price moves lower. The U.K.'s FTSE index, Germany's DAX and France's…
Watch India Earnings at Risk as Oil Shock Hits Growth
J.P. Morgan is warning that India's corporate earnings outlook faces rising risks from higher oil prices and prolonged Middle East tensions, with potential downside for equities and the rupee. The bank says elevated energy costs could pressure…
Nymex Overview: Oil Drops $5 After Report of Tankers Crossing Strait of Hormuz -- OPIS
London-based July ICE Brent was off by $5.85 to $105.40/bbl and August Brent was $5.40 lower to $101.30/bbl. Refined product contracts tracked crude's decline. The more-active July RBOB futures were 14.85cts lower to $3.4255/gal and June RBOB was…
Newscast - Has The UK Softened Russia Oil Sanctions? - BBC Sounds
Today, the government announced a watering down of Russian oil sanctions as fuel prices rise from Iran war. Adam is joined by Chris and Faisal to discuss that, as well as the cut in fuel duty and Wes Streeting's resignation speech in the House of…
This is why easing Russia's oil sanctions is a gut punch to Ukraine
After a week in which Xi Jinping bestrode global politics by hosting the two most powerful leaders in the world, China's president looks like a Colossus. Keir Starmer, meanwhile, has revealed himself as a minnow among men. His capitulation to…
UK struggles to reassure Ukraine after easing new sanctions on Russian oil
The UK was last night desperately trying to reassure Kyiv its new sanctions policy on Russia did not weaken restrictions, after Ukrainian officials warned the change could help Moscow fund its war efforts. While Downing Street insisted the decision…
Oil Near $100 Emerges as Consensus for Next Year With Iran War
Oil market participants are increasingly pricing crude to be capped near $100 a barrel over the next year, as demand is forced to slow down to counter millions of barrels of supply losses caused by the US-Iran war. That's one of the conclusions…
Norway's Europe-Leading Stock Rally Goes Beyond Oil Heavyweights
Norway is developed Europe's best-performing stock market this year, thanks to surging energy prices. But there's more attracting investors to Oslo than just oil and gas. The OSE Benchmark Index has rallied 22% in 2026 and is within sight of its…
Receive a Daily briefing on Oil Industry News
Get Started