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 After Iran Strike - Energy Roundup
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…
Imperial Oil Ltd. stock rises Wednesday, outperforms market
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.
Tourmaline Oil Corp. stock rises Wednesday, outperforms market
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.
Oil Futures Edge Lower on Possible Technical Correction
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.
Escalating US-Iran tensions push oil prices higher
Alex Jones, the former owner of InfoWars, on Tuesday said President Trump must be impeached over the Iran conflict, describing the situation as “absolutely out of control” and warning that the administration is preparing for a…
Asian Equities Broadly Fall, Oil Volatile After Fed Decision -- Update
The Federal Open Market Committee voted 9-3 to leave rates unchanged at the end of its two-day meeting Wednesday. Fed Chairman Kevin Warsh refrained from offering signals at a post-meeting press conference regarding what might prompt the central…
Consumer Cos Down on Oil Price Worries - Consumer Roundup
Consumer companies fell due to concerns about rising oil prices. Oil futures rose by more than 6%, triggering concerns about the impact on discretionary spending. 'That's geopolitical,' said Oliver Pursche, senior vice president at financial…
Why the USO oil ETF is a better buy than crude futures as the Iran war rages
Crude oil has seen a whirlwind of activity since the start of the U.S.-Israel war with Iran at the end of February, but through it all, the United States Oil Fund LP, the largest U.S. oil commodity exchange-traded fund, has outpaced gains in crude…
Oil prices jump up as US-Iran tensions escalate
Oil prices were back higher on Wednesday as U.S.-Iran tensions escalate again. As of late Wednesday afternoon, international benchmark Brent crude was trading at about $91 per barrel, up from as low as about $83 earlier this week. That price is…
Oil jumps 7% on escalating Middle East airstrikes
NEW YORK, July 29 (Reuters) - Oil prices climbed 7% on Wednesday as airstrikes resumed in the Middle East, adding to worries about dwindling supply as U.S. government data showed crude inventories fell to a multi-year low. Brent futures…
Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks
Oil prices fell Wednesday and Asian shares were mostly trading lower as South Korea's Kospi extended its losses after falling more than 16% over the past two days. Crude prices remain volatile after the U.S. said early Thursday it had conducted a…
Trump says Burnham will 'open up the North Sea' for oil drilling
Prime Minister Andy Burnham has told Donald Trump that he would “open up the North Sea ” for oil drilling, the US president has said. During a White House briefing on Wednesday, Mr Trump claimed the UK would be “a really rich…
Markets Hold Back As Crude Oil Prices Climb
Stocks turn lower as Mideast conflict flares up. Investors await Microsoft and Meta reports after the bell. Fed expected to hold interest rates steady. This will be a heavy news day with a slew of earnings already released before the bell and…
U.S. Crude Oil Stockpiles Fall More Than Expected
U.S. crude oil inventories posted a bigger-than-expected drop last week as imports declined, exports rose and refineries took in more oil, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude oil…
Group of Colorado residents want plan to drill for oil under Aurora Reservoir reconsidered
On Tuesday morning the Board of County Commissioners in Arapahoe County agreed to hear from Save The Aurora Reservoir, or 'STAR' -- a community group opposing fracking near the Aurora Reservoir and southeast Arapahoe County homes. Members of the…
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