Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

marketwatch.com - Energy Up With Oil Futures After Iran Strike - Energy Roundup
Energy Up With Oil Futures After Iran Strike - Energy Roundup
MarketWatch

Shares of energy companies rose alongside oil futures. Iran's surprise missile attack on U.S. forces in Jordan showed Tehran's military leaders would rather risk ramping up the war than play defense or accept a peace deal that would expose them to…

seekingalpha.com - M&T Research Group - Valero Energy: Capitalizing On The Oil-To-Silver Grid As M2 Expansions Unwind (NYSE:VLO)
Valero Energy: Capitalizing On The Oil-To-Silver Grid As M2 Expansions Unwind (NYSE:VLO)
Seeking Alpha

Valero Energy is structurally insulated from raw crude volatility, capturing refining margins through balanced crack spreads rather than relying on unhedged upstream extraction. Hard-asset ratios (VLO-to-Silver) demonstrate the stock is stabilized…

bloomberg.com - Louise Moon - Shell Profits Surge on Oil Market Volatility
Shell Profits Surge on Oil Market Volatility
Bloomberg

This article is for subscribers only. Morning, I'm Louise Moon from Bloomberg UK's breaking news team, bringing you up to speed on today's top business stories. Shell's second quarter results have blown past expectations.

bloomberg.com - Mitchell Ferman - Big Oil Is Making Big Money During Iran War Market Turmoil
Big Oil Is Making Big Money During Iran War Market Turmoil
Bloomberg

This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, reporter Mitchell Ferman looks at how oil majors and traders have seen profits soar amid the war in the Middle East. A defining theme…

bloomberg.com - Mirette Magdy - Saudi Economy Shrinks Most Since 2020 as War Roils Oil Exports
Saudi Economy Shrinks Most Since 2020 as War Roils Oil Exports
Bloomberg

Saudi Arabia's economy posted its deepest quarterly contraction since the Covid-19 pandemic, driven by a sharp downturn in its critical oil industry — a stark sign of the damage the US-Iran war is wreaking on Persian Gulf nations. Gross…

marketwatch.com - MarketWatch Automation - Imperial Oil Ltd. stock rises Wednesday, outperforms market
Imperial Oil Ltd. stock rises Wednesday, outperforms market
MarketWatch

Shares of Imperial Oil Ltd. IMO rose 1.90% to C$180.96 Wednesday, in what proved to be an otherwise all-around rough trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 1.16% to 35,333.78. Imperial Oil Ltd.

bbc.co.uk - Kate Whannel - Burnham says he told Trump UK will be pragmatic about North Sea oil
Burnham says he told Trump UK will be pragmatic about North Sea oil
BBC

Prime Minister Andy Burnham has said he told US President Donald Trump he would take a 'pragmatic approach' to the issue of North Sea oil and gas. Trump has long urged the UK to increase drilling and claimed that Burnham had pledged to 'open up the…

marketwatch.com - MarketWatch Automation - Tourmaline Oil Corp. stock rises Wednesday, outperforms market
Tourmaline Oil Corp. stock rises Wednesday, outperforms market
MarketWatch

Shares of Tourmaline Oil Corp. TOU rose 2.38% to C$64.46 Wednesday, in what proved to be an otherwise all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 1.16% to 35,333.78. Tourmaline Oil Corp.

bbc.co.uk - Kate Whannel - Burnham says he told Trump UK will be pragmatic about North Sea oil
Burnham says he told Trump UK will be pragmatic about North Sea oil
BBC

Kate Whannel Political reporter Prime Minister Andy Burnham has said he told US President Donald Trump he would take a 'pragmatic approach' to the issue of North Sea oil and gas. Trump has long urged the UK to increase drilling and claimed that…

bloomberg.com - Alex Longley - Hormuz Oil-Tanker Shuttling Trade Is Picking Up Again After Lull
Hormuz Oil-Tanker Shuttling Trade Is Picking Up Again After Lull
Bloomberg

The oil-shuttling service that has been crucial to getting cargoes out of the Strait of Hormuz has picked up again after a recent lull, helping millions of barrels escape as Middle East hostilities escalate. The shuttling emerged at the height of…

wsj.com - Oil Futures Edge Lower on Possible Technical Correction
Oil Futures Edge Lower on Possible Technical Correction
Wall Street Journal

2336 GMT — Oil futures edge lower in early Asian trade on a possible technical correction after Wednesday's strong gains. However, losses may be limited by prospects of more U.S.- Iran ho hostilities that could exacerbate supply disruptions.

standard.co.uk - Holly Williams - Shell half-year earnings soar to £12.6bn on Iran war oil price volatility
Shell half-year earnings soar to £12.6bn on Iran war oil price volatility
Evening Standard

Shell has revealed a better-than-expected 70% surge in half-year earnings thanks to its best quarterly performance for fours years, despite “severe disruption” in oil and gas markets due to the Iran war. The FTSE 100 giant saw…

bbc.co.uk - Jennifer Meierhans - Shell profits double as oil prices rise due to Iran war
Shell profits double as oil prices rise due to Iran war
BBC

Shell's profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices. The oil giant's profits for the April-to-June period reached $9.84bn (£7.37bn) - up from $4.26bn at the same point last year.

bbc.co.uk - Jennifer Meierhans - Shell profits double as oil prices rise due to Iran war
Shell profits double as oil prices rise due to Iran war
BBC

Jennifer Meierhans Business reporter Shell's profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices. The oil giant's profits for the April-to-June period reached $9.84bn (£7.37bn) - up from…

ttnews.com - Mitchell Ferman - Shell profit surges as oil trading and refining margins boom - TT
Shell profit surges as oil trading and refining margins boom - TT
Transport Topics

The Shell company logo on top of a fuel storage tank on the site of the former Coryton fuel refinery in Coryton, U.K. (Chris Ratcliffe/Bloomberg) Shell reported second-quarter adjusted net income of $9.8 billion, more than double a year earlier, as…

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