Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Mooted WA oil refinery 'dinosaur technology' amid clean energy transition, experts say
Leading Australian climate policy experts say a new oil refinery in Western Australia would be an investment in “dinosaur technology” that would require public subsidy and do little to solve the country's fuel security. The Albanese…
Imperial Oil Ltd. stock falls Tuesday, underperforms market
Shares of Imperial Oil Ltd. IMO slipped 0.08% to C$177.58 Tuesday, in what proved to be an otherwise all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.51% to 35,749.70. Imperial Oil Ltd.
Coffee with olive oil - the truth is revealed
In recent years, seemingly strange recommendations pop up from time to time, but they are usually not born out of nowhere. One of them is the recommendation to put a teaspoon of olive oil inside your morning coffee, sometimes accompanied by…
Is This Ancient Amazonian Oil The Next Miracle Ingredient For Hair And Skin?
Xirü co-founder Daniela Botero with two of their cacay-based oils As an actress and model, Daniela Botero 's hair and skin were constantly going through the wringer. She was battling everything from rosacea to melasma to cystic acne, so she…
How China Went From Dream Customer to a Nightmare for Big Oil
China is more in control of its oil consumption than anyone realized. That will unsettle oil bosses. During one of the worst energy crises in history, brought on by the Iran war, the crude market's top customer cut imports by 40%. China's need for…
Another Critical Oil Waterway Is About to Close
With apologies to Oscar Wilde, to lose one critical waterway may be regarded as misfortune; to lose two looks like carelessness. Of course, we're long past carelessness and are now barreling toward disaster, with three already lost (the Strait of…
We're running out of ways to get oil out of the Middle East
There was a backup plan for getting oil out of the Middle East. We may need another one. After staying relatively quiet for much of the Iran war, Yemen's Houthi rebels launched a major escalation last last week by carrying out attacks on Saudi…
Oil prices are cratering on renewed optimism for a US-Iran peace
Oil market volatility continued on Tuesday, as prices plunged for a second day this week as a pause in the fighting held and hopes increased for the US and Iran to renew talks to end the war. Brent and US crude prices tumbled on Tuesday, extending…
Oil Surges as Fresh Middle East Strikes Threaten Fragile Diplomacy
Oil prices climbed more than 3% as a fresh round of fighting across the Middle East undermined diplomatic efforts to end a five-month-old conflict that has roiled energy markets and disrupted flows through two of the world's most critical…
Earnings tonic boosts FTSE 100 as oil falls back
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. The FTSE 100 made strong progress on Tuesday, buoyed by…
Asian Stocks Eye Gains as Oil Offsets Chip Selloff: Markets Wrap
Asian stocks were mostly poised for gains after a three-day slide in oil prices boosted risk sentiment, while concerns over artificial intelligence spending continued to weigh on semiconductor shares. Equity-index futures for Hong Kong and…
Top US oil trade group opposes Hormuz tolls after Gulf-backed voluntary fee proposal
NEW YORK, July 28 (Reuters) - The American Petroleum Institute opposes tolls or transit fees for vessels crossing the Strait of Hormuz, the top U.S. oil industry trade group's chief executive Mike Sommers told Reuters in an…
Oil is up 40% and tech is tumbling. Why it's time to go all-in on stocks, according to these bullish strategists.
The equity market's resilience in the face of much volatility means investors should be “maximum overweight,” according to HSBC. In a note published this week, a team of strategists at the bank led by Max Kettner observed that global…
Tullow Mulls Refinancing With Cheaper Debt After Oil Price Boost
Tullow Oil Plc is exploring a refinancing of debt it reworked earlier this year as improving fundamentals open the door to lower borrowing costs, according to people familiar with the matter. Any refinancing is more likely in 2027 provided Tullow…
Crude Oil Futures Rebound: West Asia Tensions Drive Prices Up Over 3% on Supply Concerns
Crude oil futures experienced a significant rebound of over 3 per cent, driven by escalating military tensions in West Asia that have reignited fears of critical supply disruptions in the global energy market. Crude oil futures on the Multi…
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