Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil industry warns a diesel export ban will raise fuel prices as Trump weighs restrictions
This week, President Donald Trump indicated support for a diesel export ban. Shares of U.S. refiners fell after Politico reported that the Trump administration is preparing a plan to ban diesel exports for 90 days. But Energy Secretary Chris Wright…
Energy Shares Rise As Oil Snaps Losing Streak -- Energy Roundup
Rising oil prices buoyed energy stocks, the only sector to gain as markets worry about the inflationary impact of energy costs. U.S. crude oil stockpiles unexpectedly rose last week, as exports fell and refineries cut runs, but gasoline inventories…
Exclusive | Behind the Oil-and-Gas Industry's Blitz to Try to Defeat a Diesel Export Ban
When the oil-and-gas industry heard President Trump back the idea of a ban on diesel exports, it pulled out the bazooka. Shortly after Trump made his suggestion Tuesday, Mike Sommers, chief executive of the American Petroleum Institute, the…
Spotlight - When climate mitigation becomes 'political': The Guardian uncovers IPCC links to Saudi oil industry
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How the oil capital of the US welcomed a solar power boom
Steve Cargil's family has farmed the flat, dry land around Uvalde, a small city in southwest Texas, since 1953. Cargil, 67, had always assumed that one of his three children would eventually take it over, the way he had from his father. But that…
How the oil capital of the US welcomed a solar power boom
Nathalie Jimenez Business reporter Steve Cargil's family has farmed the flat, dry land around Uvalde, a small city in southwest Texas, since 1953. Cargil, 67, had always assumed that one of his three children would eventually take it over, the way…
Goldman Sachs' interest rate prediction hinges on oil prices
Goldman Sachs sees one more interest rate hike for 2026 at the Fed's Oct. 27 meeting, and then the Fed could be done for this cycle. However, a sustained pullback in oil prices that cools inflation is key to the two-and-done approach to rate hikes…
Oil Falls on Larger-Than-Expected Build in U.S. Inventories
0109 GMT — Oil is lower in early Asian trade. Brent recovered above $100 per barrel as hopes of a near-term reopening of the Strait of Hormuz faded. However, gains were capped after a surprise build in U.S. crude oil inventories, said ANZ…
Wall Street ends down as oil prices, Treasury yields rise
Wall Street ended lower on Wednesday, pulled down by Alphabet and Amazon, as Treasury yields climbed and Iran's president said Tehran would never surrender to US pressure. SCROLL TO CONTINUE WITH CONTENT Oil prices rose almost 4% and the S&P 500…
American's next oil boom is floating in thin air
A new University of Houston analysis estimates that approximately 137 billion barrels of U.S. oil are technically recoverable using carbon dioxide enhanced oil recovery, or CO2-EOR. Texas and the Gulf Coast contain more than half of the nation's…
U.S. Crude Oil Stockpiles Post Unexpected Build
U.S. crude oil inventories rose unexpectedly last week as refineries ran at a slower pace and net imports increased, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude oil stocks excluding the…
Tourmaline Oil: Supporting The Share Price (OTCMKTS:TRMLF)
Tourmaline Oil Corp. is reducing its Topaz Energy stake, reallocating proceeds to share buybacks and acquisitions. Management prioritizes favorable selling conditions over market timing, reflecting disciplined capital allocation. TRMLF remains…
US Oil Plan Amid Price Surge Risks 'Perfect Storm'
A new round of crude loans from the nation's Strategic Petroleum Reserve (SPR), as is reportedly being considered by the Trump administration, would create 'a perfect storm' instead of providing significant relief to U.S. drivers, according to an…
Treasury Yields Spike on Rate-Hike Fears as Oil Climbs
Good morning. Treasury yields spike on rate-hike fears as oil climbs. Geely unveils new EV charging technology to compete with BYD. And the secret to success might just be unhappiness. Listen to the day's top stories. Stocks and bonds slid as…
Gold Muted as Oil, Treasury Yields Resume Climb
2342 GMT — Gold starts the Asia session virtually flat, staying under $4,300 a troy ounce as a rebound in oil prices and Treasury yields overnight pressure the precious metal. While rising U.S. fiscal risks, the declining haven appeal of…
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