Oil Industry News
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Oil Industry Makes Tentative Moves Ahead of Deal to Open Hormuz
The oil and shipping industry remains largely in wait-and-see mode ahead of Friday's deadline to reopen the Strait of Hormuz, although there are some tentative signs of preparations as a handful of ships begin rerouting toward the Middle East while…
'No friends to the oil and gas industry': Aberdeen South, the byelection where one topic dominates
The contest for Aberdeen South, a constituency that spans urban social housing and detached homes with sculpted gardens, has been dominated by one topic: the future of North Sea oil and gas. The drama gripping the Labour party at Westminster and…
Daily on Energy: Oil markets on edge, critical minerals, and Interior versus wind
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…
WATCH: Joe Biden brags about killing oil industry during appearance on 'Jay Leno's Garage' * WorldNetDaily * by Cristina Laila, The Gateway Pundit
Joe Biden bragged about killing the oil industry during an appearance on ‘Jay Leno's Garage.' In January 2025, in one of his last acts as president, Joe Biden permanently banned offshore drilling across 625 million acres of US ocean. This is…
The Hole in Donald Trump's Venezuelan Oil Strategy
Jarrod Agen, the head of President Donald Trump's National Energy Dominance Council, was in a celebratory mood. Just after one o'clock on April 30th, he landed in Caracas, Venezuela, on the first direct commercial flight to arrive from the United…
These Optics While Joe Biden Brags About Efforts to Kill the Oil Industry Are 'the Ultimate Elitist Flex
Joe Biden is out of the White House and has been since January 20 of last year, but he still makes some occasional appearances. At this point we can't help but wonder if he (with Dr. Jill's help) plans to try and make life miserable this midterm…
Ex-Nigeria oil minister cleared in UK bribery trial
A former Nigerian oil minister has been cleared of taking bribes from wealthy oil executives in the form of luxury home stays and lavish spending sprees in the UK. Diezani Alison-Madueke, 65, was found not guilty after a trial at London's Southwark…
Deal Gives Iran Chance to Turbocharge Its Oil Revenue
The U.S.-Iran peace agreement includes a huge boost to Tehran 's oil industry, potentially restoring the regime's economic lifeblood while generating more than $60 billion a year of revenue. The memorandum of understanding allows Iran to sell oil…
Oil falls as International Energy Agency forecasts supply glut next year after U.S.-Iran deal
Trump also reportedly said that he could resume attack on Iran if it failed to honor commitments. International Energy Agency expects a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next…
Imperial Oil Ltd. stock falls Wednesday, underperforms market
Shares of Imperial Oil Ltd. IMO dropped 2.29% to C$161.14 Wednesday, in what proved to be an all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.75% to 35,125.11. Imperial Oil Ltd. closed 16.0%…
Oil Prices Fall Amid Prospects of Fast Reopening of Strait of Hormuz
Senior U.S. officials who read the text of the interim agreement between the U.S. and Iran said the 'memorandum of understanding' would see Tehran reopen the strait after the U.S. lifts sanctions on Iran's oil sales. While the agreement was…
Tourmaline Oil Corp. stock falls Wednesday, still outperforms market
Shares of Tourmaline Oil Corp. TOU shed 0.48% to C$60.50 Wednesday, in what proved to be an all-around down trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.75% to 35,125.11. Tourmaline Oil Corp. closed…
MOU opens Hormuz, lifts sanctions on Iran's oil
Vice President Vance is expected to formally sign the memorandum of understanding on Friday. Under the MOU, Iran will make arrangements to allow commercial ships to safely traverse the Strait of Hormuz for 60 days. Iran also agreed to speak with…
Goldman Says Hormuz Oil Flows May Recover to Only 70% After War
Oil flows going through the Strait of Hormuz may recover to only about 70% of their pre-war level, according to Goldman Sachs Group Inc., which highlighted regional producers leaning on alternative routes. “This normalization in gulf exports…
Dark Oil Tanker Transits Keep Oil Flowing Through Hormuz Ahead of Peace Deal
Tankers crossing the Strait of Hormuz with signals turned off are keeping this month's oil flows at more robust levels than earlier in the Middle East conflict, as shippers await the signing of a US-Iran peace deal this week. At least four vessels…
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