Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
No, Big Oil Is Not Price Gouging On Gasoline
Sign at the Quick Trip convenience store in Mansfield Texas displaying a $2.98 per gallon price for regular gas at the pump on June 24, 2026. America's oil and gas industry has long since grown used to - and more than a little bit weary of - being…
Imperial Oil Ltd. stock rises Thursday, outperforms market
Shares of Imperial Oil Ltd. IMO inched 0.33% higher to C$160.92 Thursday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.33% to 34,850.21. Imperial Oil Ltd.
Oil close to pre-war price as Iran oil hits market, ships transit strait
June 25 (UPI) -- Oil prices fell to close to their pre-Iran war levels on Thursday, three days after the United States authorized Iranian oil sales on the international market for a 60-day period and U.S. negotiators and regional mediators said…
Tourmaline Oil Corp. stock rises Thursday, still underperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.27% higher to C$60.02 Thursday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.33% to 34,850.21. Tourmaline Oil…
Oil Futures Fall on Likely Technical Correction
2353 GMT — Oil futures fall on a likely technical correction following solid gains in futures overnight. However, futures' declines may be limited by concerns over the passage of oil tankers through the Strait of Hormuz. Iran's Islamic…
Next Year Will See An Oil Glut But Price Pressure Will Be Delayed
As always, there is a huge split between oil price bulls and bears which is hardly surprising given the massive uncertainty about the geopolitical environment. Will the ceasefire hold? Will Russia accept a peace deal? Will investment in Venezuelan…
Oil price falls to levels not seen since before Iran war
The Dallas Morning News via Getty Images The price of oil has fallen to levels not seen since before the Iran war as traffic through the key Strait of Hormuz shipping route gradually resumes. Global benchmark Brent crude briefly fell below $72.48…
Oil price falls to levels not seen since before Iran war
The price of oil has fallen to levels not seen since before the Iran war as traffic through the key Strait of Hormuz shipping route gradually resumes. Global benchmark Brent crude briefly fell below $72.48 (£55) a barrel, the price it was at…
Paris court gives oil giant Total Energies half a year to tighten climate policies. Climate activists cry foul
A court in Paris ruled on Thursday that energy giant TotalEnergies must account for its customer's greenhouse gas emissions, giving the French company six months to report the environmental risks caused by the consumption of its gas and oil…
Oil tankers exit Strait of Hormuz despite Iran threats
Dozens of tankers passed through the Strait of Hormuz on Thursday, via a route along the coast of Oman promoted by a United Nations maritime agency. Confirmed strait crossings rose to 70 on Thursday, an increase of 105 percent relative to a day…
A world rejecting OPEC controls could usher in oil below $50 a barrel
Iraq is hinting that it could become the next major oil producer to exit OPEC — a now-fraying alliance of many of the world's biggest crude producers, created decades ago to control oil prices. It's yet another source of potential tumult for…
Oil prices retreat back to pre-war levels as vital shipping route reopens
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Oil prices have dropped to levels last seen before the…
Brent oil erases wartime gains as Hormuz reopening boosts supply
Brent oil erased all of its wartime gains after flows through the Strait of Hormuz ramped up following progress on a U.S.-Iran peace deal. The global benchmark pushed lower for a fourth session, dropping below $72.48 a barrel — its pre-war…
Oil Prices Near Prewar Levels - TT
Global shares rose June 25, led by sharp gains in Asian tech stocks after strong forecasts and earnings from Qualcomm and Micron Technology. BANGKOK — World shares were mostly higher Thursday, led by tech-driven gains in Japan and South…
Asia treads cautiously on Iranian oil exports despite US sanctions waiver
Asian economies are expected to exercise caution in buying oil from Iran following a 60-day sanctions waiver for the Gulf country's oil exports that took effect from Sunday, as they weigh compliance, financial risk and a potential return of…
Receive a Daily briefing on Oil Industry News
Get Started