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 as Oil Futures Remain Elevated -- Energy Roundup
Shares of energy companies rose as oil futures remained elevated. 'Oil markets are operating under a veneer of stability, but the underlying system remains acutely stressed,' said Ben Hoff, a strategist at French brokerage Societe Generale, citing…
Bernstein Reiterates Outperform on Diamondback Energy (FANG) Amid Oil Supply Concerns
With a 5-year average revenue growth rate of 41.9%, Diamondback Energy Inc. (NASDAQ: FANG) is included among the 11 Best Long Term US Stocks to Buy Right Now. On May 11, Bernstein analyst Bob Brackett raised the firm's price recommendation on…
Here's What the Futures Markets Are Saying About Oil and the Conflict in the Persian Gulf
It's time to revisit what the oil futures market is pricing in. The data make for fascinating reading and, arguably, positive news for investors in energy stocks such as Chevron (CVX +1.50%) and U.S.-focused energy infrastructure ETFs like the…
China turns to Russian oil as Gulf supply drops - but is it too expensive?
While China's oil and gas imports from Gulf nations plunged in April amid the Strait of Hormuz crisis during the US-Israeli war on Iran, shipments from Russia have provided Beijing with a partial buffer for its growing economy. Russia's crude…
MPs reject Tory bid to issue new oil and gas licences
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. A bid to permit licences to explore new oil and gas…
Falcon Oil & Gas Ltd. - Filing of Interim Financial Statements
Filing of Interim Financial Statements 20 May 2026 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces that it has filed its interim financial statements for the three months ended 31 March 2026 and 2025 and the accompanying Management's…
Imperial Oil Ltd. stock rises Tuesday, outperforms market
Shares of Imperial Oil Ltd. IMO rose 2.24% to C$189.41 Tuesday, in what proved to be an otherwise all-around down trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.27% to 33,741.24. Imperial Oil Ltd. hit a…
Prabowo tightens state grip on palm oil, coal amid monopolistic fears
Indonesia will require exports of key commodities to pass through a state-appointed enterprise in a sweeping effort to curb revenue leaks, tighten oversight of natural resources and keep more foreign exchange earnings at home. The policy, announced…
Keir Starmer insists no lifting of Russian oil sanctions following criticism
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. Sir Keir Starmer has insisted he is not…
U.K. Loosens Russian Oil Sanctions Amid Soaring Energy Costs
The British government has relaxed sanctions on Russian energy imports, allowing it to buy jet fuel and diesel refined from Russian crude oil in third-party countries as the war in the Middle East continues to roil energy markets. The new trade…
Oil Prices Fall, but Gasoline Continues to Rise - TT
Ships remain anchored in the Strait of Hormuz near Larak Island, Iran, on May 16. (Majid Saeedi/Getty Images) U.S. markets are poised to open with gains on May 20 as bond yields slipped and oil prices fell. Futures for the S&P 500 rose 0.4% while…
Once a climate leader, Canada is now doubling down on oil
Before he became prime minister of Canada, Mark Carney was perhaps one of the world's biggest supporters of the idea that climate action was good business. He led the clean energy investment fund for Brookfield, one of the world's largest financial…
UK loosens Russian oil sanctions as fuel prices rise
James Landale,Diplomatic correspondentand Mitchell Labiak,Business reporter The UK government has loosened strict sanctions on Russian oil refined into diesel and jet fuel in third countries as prices rise. The waiver begins on Wednesday and…
The Iran war is destroying oil demand. Could it also spark a shift to clean energy?
With the average price of gasoline in the United States above $4.50 a gallon — about a 40 percent rise since the Iran war began in late February — Americans have been climbing into their cars less often, and stepping into trains and…
The Suspicious Oil Trades That Triggered a Regulatory Probe
The traders on the right side of those well-timed bets profited when U.S. oil prices fell as much as 13% in the wake of Trump's change of heart. At least five firms posted gains of $5 million or more on crude futures they bought and sold that day…
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