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 Flat With Oil Futures - Energy Roundup
Shares of energy companies were more or less flat, in line with oil futures. Oil remained under pressure due to reports that the U.S. and Iran are considering a second round of talks, spurring hopes that a temporary cease-fire could result in a…
Will gas prices continue to surge this summer? Oil industry analyst weighs in
Matt Smith, an analyst with Kpler, says a prolonged disruption could send gas prices soaring and worsen jet fuel shortages on the U.S. West Coast.
Daily on Energy: Iran and oil updates, and Maine bans data centers
Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for…
Tourmaline Oil Corp. stock rises Wednesday, outperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.21% higher to C$60.64 Wednesday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.16% to 34,155.99. Tourmaline Oil…
How big oil is cashing in on Iran war - The Latest
The world's top 100 oil and gas companies made more than $30m every hour in unearned profit in the first month of the US-Israeli war in Iran, according to exclusive analysis for the Guardian. The conflict pushed the price of oil to an average of…
Middle East crisis live: Trump says Israel and Lebanon to hold talks Thursday; US hits Iran's oil sector with new sanctions
Hello and welcome to our live coverage of events in the Middle East. Donald Trump says the leaders of Israel and Lebanon will hold talks on Thursday, after the countries' first face-to-face diplomatic negotiations in decades. “Trying to get…
Massive fire at oil refinery threatens Australia's petrol supplies
A fire at one of Australia 's only two remaining oil refineries burned for 13 hours on Wednesday night before being extinguished, threatening petrol supplies in a country already struggling with the fallout from the US- Iran war. The blaze broke…
Thailand Rushes to Secure Oil, Fertilizer as Hormuz Remains Shut
Thailand is racing to secure new shipments of oil and fertilizer as an intensifying standoff over the Strait of Hormuz drains its reserves. The country's Foreign Minister Sihasak Phuangketkeow traveled to Oman this week to negotiate emergency fuel…
The oil market thinks the worst is over from the Iran war. The damage suggests otherwise.
The oil market desperately wants to move on from the Iran war. However, the extent and cost of the damage implies that the Middle East is facing a lengthy rebuild, and the real issue isn't the cost of the bill — estimated at around $50…
Very rare': Why oil refineries are designed not to catch fire
A former oil refinery safety manager says the type of fire that affected Viva's Geelong plant is extremely uncommon. Experts have questioned whether the refinery's age was a factor, given it was originally built more than 70 years ago. Regulators…
Oil prices high but markets rally on renewed hopes for peace talks | CNN Business
Economist Mohamed El-Erian tells Becky Anderson that stock markets currently appear unfazed, but oil prices remain elevated, highlighting a growing disconnect between Wall Street and Main Street.
U.S. Crude Oil Stockpiles Decline as Exports Rise
Commercial crude oil stocks excluding the Strategic Petroleum Reserve were down by 913,000 barrels at 463.8 million barrels in the week ended April 10 and were about 1% above the five-year average for the time of year, the EIA said. Analysts…
Oil Falls on Prospects of Further U.S.-Iran Negotiations
0006 GMT — Oil falls in early trade on prospects of further U.S.-Iran negotiations that could lead to reduced supply disruptions in the Middle East. “The two parties are reported to be considering extending their cease-fire by another…
Hoarding hypocrisy: flawed logic behind US calling China an unreliable partner for stockpiling oil
A critical look at US Treasury Secretary Scott Bessent's recent remarks reveals a significant contradiction in American policy and a misunderstanding of global energy dynamics. SCROLL TO CONTINUE WITH CONTENT In the complex theater of global…
US officials claim China is 'hoarding' oil. What does the data say?
Though high-level officials in Washington have accused China of undermining global energy security by “hoarding” oil during the US-Israeli war on Iran, import and inventory data suggest Beijing is facing its own supply pressures as…
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