Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
UAE to complete second oil pipeline bypassing strait of Hormuz by 2027
The United Arab Emirates has announced it will complete a new oil pipeline bypassing the strait of Hormuz by next year to secure its future crude exports against the threat of disruption. The current blockade of the vital waterway, through which…
Hormuz oil flows creep higher as more supertankers exit
The number of supertankers hauling unsanctioned oil through the Strait of Hormuz has shown signs of rising in recent days, offering limited relief to an oil market that's suffered the largest supply disruption in history. Four ships each hauling 2…
U.S. Futures, Global Markets Fall; Treasury Yields, Oil Rise
U.S. futures and global markets fell, while oil rose with little information coming from the summit between Presidents Donald Trump and Xi Jinping, and continued uncertainty over the Middle East war. The two leaders agreed that the Strait of Hormuz…
TCW Adds Debt of EM Oil Exporters on War's Lasting Energy Impact
The oil shock from the Iran war is set to give a lasting boost to government bonds from energy-producing developing nations, according to Christopher Hays, whose fund at TCW Group Inc. is beating its benchmark and most peers this year. Hays has…
EV Sales In Europe Jump With Oil Prices, But Long-Term Impact Unlikely
Iran oil industry concept, industrial illustration - growing graph on Iran flag background. 3D Illustration Electric vehicle afficionados are lauding the increase in sales because of the Iran war-induced increase in oil and natural gas prices, but…
Watch Oil Prices Pressure Bonds: Markets Snapshot
Oil Prices Pressure Bonds: Markets Snapshot Back-to-back inflation reports out of the US along with heightened energy prices and mounting political uncertainty have seen investors flee global bond markets as benchmark interest rates to the highest…
Tourmaline Oil Corp. stock rises Thursday, outperforms market
Shares of Tourmaline Oil Corp. TOU advanced 1.47% to C$66.35 Thursday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.67% to 34,268.27. Tourmaline Oil Corp.
Imperial Oil Ltd. stock rises Thursday, outperforms market
Shares of Imperial Oil Ltd. IMO inched 0.70% higher to C$181.62 Thursday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.67% to 34,268.27. Imperial Oil Ltd.
Watchdog groups urge Senate to investigate Samuel Alito over oil stock conflicts
The supreme court justice Samuel Alito, who owns stock in oil companies, may be violating court ethics codes by participating in certain cases that could benefit big oil, government watchdog groups say. In a Thursday letter, a coalition of watchdog…
Brazilian Oil Jobs Are at 16-Year High on Offshore Drilling Boom
Employment in the Brazilian oil industry has rebounded to the highest since the golden era of Petrobras's mega-projects in 2010. The buildout of offshore discoveries including Buzios has boosted investment and created a talent shortage in Latin…
Hope Is Not A Strategy: Positioning For The Reality Of Oil Scarcity
The extended closure of the Strait of Hormuz is pushing global oil inventories toward critical lows, where the market's “balancing mechanism” could quickly give way to operational stress. Markets may be looking through the crisis…
Watchdogs urge Senate to investigate Justice Samuel Alito's oil stock conflicts
Get your news from a source that's not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. This story was originally published b y the Guardian and is reproduced here as part of the Climate Desk collaboration. The Supreme…
Ghost Oil Tankers' Reversal Signals Venezuela's Long Road Ahead
Two so-called ghost tankers are returning their oil to Venezuela, highlighting the struggles the country faces as it tries to grow its beleaguered oil industry after years of illicit trading. The vessels Olina and Galaxy 3 are offloading their oil…
Nymex Overview: Oil Futures Ease Amid Trump-Xi Summit -- OPIS
Oil futures moved lower midday Thursday as markets monitored developments from the summit between President Trump and Chinese President Xi Jinping, and weighed ongoing constraints on tanker traffic through the Strait of Hormuz. As of 11:50 a.m. ET…
Oil tankers transiting Strait of Hormuz since start of Iran war
The U.S. has maintained a blockade of Iranian ports, while Iran lifted and then reimposed its own blockade on marine traffic passing through the Strait of Hormuz, which typically handles roughly one-fifth of the world's oil supply. SCROLL TO…
Receive a Daily briefing on Oil Industry News
Get Started