Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Up With Oil Futures - Energy Roundup
Shares of energy companies rose as fears about the Strait of Hormuz drove a rebound in oil futures. Oil rose 3.7% to $94.69 a barrel in New York after Defense Sec. Pete Hegseth said the U.S. was prepared for a prolonged blockade of the key energy…
Trump Officials Urge Oil Industry to Boost Output Amid War
Trump administration officials urged US oil producers to boost output, driving home a message to the industry that's become more urgent amid the war in Iran. Interior Secretary Doug Burgum and Energy Secretary Chris Wright made their plea during a…
The US Oil Industry Doesn't Want the Iran War Either
It can't be coincidental, right? In the first two months of this year, US President Donald Trump has attacked two of OPEC's 12 members, snatching Venezuelan President Nicolás Maduro in January and killing Iran's Ayatollah Ali Khamenei in…
Scottish Parliament 'paying lip service' to oil and gas industry - Kemi Badenoch
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Kemi Badenoch has said the Scottish…
Letters | Amid elevated oil prices, Hong Kong's stable energy system is a boon
Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at [email protected] or filling in this Google form. Submissions should not exceed 400 words. The outbreak of the war in…
Imperial Oil Ltd. stock rises Thursday, outperforms market
Shares of Imperial Oil Ltd. IMO inched 0.31% higher to C$172.07 Thursday, 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 0.30% to 34,052.23. Imperial Oil…
Tourmaline Oil Corp. stock rises Thursday, outperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.96% higher to C$61.22 Thursday, in what proved to be an otherwise all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.30% to 34,052.23.
How India managed oil embargo and energy crises of 1973 and 1979
As the crisis in West Asia continues to shape global energy security, what lessons do past oil shocks offer for navigating the current situation? Let's examine. But first, a brief overview of India's energy mix and import dependence. The unfolding…
Consumer Cos Down as Oil Rebounds - Consumer Roundup
Consumer companies fell as oil futures rebounded. The average price of a gallon of gasoline in the U.S. was $4.09 on Thursday, according to AAA. The price at the pump is likely to go up further if oil's resurgence continues. Soda giant PepsiCo's…
US oil floats to top as Asia looks for Middle Eastern alternatives amid Iran war
Asian refiners have grown increasingly reliant on US crude as oil-starved fuel makers scour the globe to replace Middle Eastern supply and stave off shortages that could ripple through the broader economy. Buyers in Japan led the charge to purchase…
Why some investing pros think the oil shock is still a big problem for markets
The S&P 500 hit a fresh all-time high on Wednesday, with the market all but moving on from the Iran war, but some on Wall Street warn that the oil shock still looms. The stock market's record-setting rally resumed, with the S&P 500 notching its…
Oil Futures Extend Gains as U.S. Tightens Blockade
Prospects for further U.S.-Iran talks have reduced volatility in recent sessions. “What the market is ultimately pricing right now is a variety of potentially quite different outcomes,” says Ben Hoff of Societe Generale. The U.S.
Trump's Feud With the U.K. Over North Sea Oil: What to Know
President Donald Trump is urging the U.K. to expand its drilling in the North Sea in the face of global energy shocks triggered by the war in Iran. His comments come as the country's Labour party is facing mounting pressure from opposition parties…
Singapore Mar Non-Oil Exports +15.3% on Year; +10.3% Expected
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client…
Watch Markets: Oil Futures Expecting Iran War Resolution, Hormuz Reopening
Oil Futures Expecting Iran War Resolution, Hormuz Reopening Oil contracts remain about a third higher than before the war with Iran but are well below peaks seen in the opening weeks of the conflict. Will Kennedy examines the oil futures curve and…
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