Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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…
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…
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…
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.
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…
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…
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…
Watch Barclays Analyst Sees Extreme Pricing for Physical Oil
Barclays Analyst Sees Extreme Pricing for Physical Oil Lydia Rainforth, European energy and energy transition research head at Barclays, discusses energy markets as oil steadies on signs the US and Iran may extend a ceasefire and restart talks to…
Why Oil Futures Are Trading Way Below Real-World Prices
Six weeks into the Iran war, crude oil markets are experiencing one of their worst-ever disruptions, triggered by the near-closure of the Strait of Hormuz. Hundreds of ships are bottled up in the Persian Gulf, unable to carry their cargoes out of…
This hidden oil price is ripping the hull out of the global economy
There are two oil markets. Your financial adviser — bless his expensive haircut — only knows about the fake one. The one your adviser knows trades at about $95. That would be the recent price of Brent crude BRN00. This is the number…
Petrobras Holders to Elect Board After War Upends Oil Market
Petroleo Brasileiro SA investors will elect a new board of directors Thursday as the state-controlled oil giant faces mounting pressure to contain surging prices from the Iran war.
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