Oil Industry News
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Energy Up as Oil Futures Level Off -- Energy Roundup
Shares of energy companies rose as oil futures levelled off. New York-traded oil futures fell 65 cents, or 0.9%, to $73.21 a barrel after the U.S. lifted sanctions on Iranian oil. Iran and Oman said in a joint statement they were working on an…
Amid 2026 Energy Chaos, Oil And Gas Giants Prosper
The Hormuz blockade drained inventories, causing shortages of jet fuel and spiking gasoline prices in San Diego. What a frustrating time to be a giant oil and gas company. Somehow, despite President Donald Trump's war against Iran bringing about…
Topaz Energy: The Best Oil Company Canada Has To Offer (OTCMKTS:TPZEF)
Topaz Energy has delivered a 23% CAGR over five years, driven by its hybrid model blending infrastructure, royalties, and high-IRR acquisitions. TPZ's dividend is fully covered by stable infrastructure cash flow and high-margin royalty income, with…
Hormuz Reopening Is Quickly Flooding Oil Markets With Supply
Key parts of the oil market are suddenly awash in supply, as a stream of cargoes out of the Strait of Hormuz accelerates after the US-Iran agreement to open the waterway. Even before the deal, a combination of strategic inventory releases, a…
Segro bid boosts FTSE 100 as gold and oil sink
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 closed higher on Wednesday as gains in…
The oil shock that wasn't
When Iran shut the Strait of Hormuz in early March, cutting back the global oil supply, it was easy to imagine domestic economic damage along the lines of 1970s oil shocks. The big picture: It hasn't happened, and that reflects a central shift in…
Trump Accuses Oil Companies Of Price Gouging And Warns Of DOJ Probe
President Donald Trump complained about elevated gas prices in the U.S. and accused oil companies of gouging customers in an overnight Truth Social post, signaling apparent frustration over elevated costs triggered by the Iran war despite…
U.S. Crude Oil Inventories Fall, Product Stocks Rise
U.S. crude oil inventories fell for a ninth consecutive week while gasoline and distillate fuel stocks posted increases, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude oil stocks excluding the…
Renewables To Squeeze Oil And Gas Imports In New Electric Age For Asia
Motorists wait to refuel their vehicles in Sri Lanka in March 2026. The Iran war has settled for an uneasy truce. But the price of oil will take months to fall to pre-war levels. Same for elevated prices of gasoline and diesel – not just in…
Oil extends decline as Trump accuses oil firms of 'gouging' consumers
Oil prices fell as concerns over disruptions to shipping through the Strait of Hormuz eased. Trump urged a DOJ probe into fuel prices, accusing oil companies of gouging consumers. More than 11,000 seafarers were cleared to transit the key oil…
Trump blasts oil companies for not lowering prices to consumers, accuses them of price gouging
President Donald Trump criticized “big oil companies” for not lowering prices for consumers, even though oil purchase costs have dropped. He accused oil companies of price gouging consumers, ordered the Department of Justice to…
Trump touts economy, oil prices
Trump's visit comes as his administration is facing economic headwinds. While the U.S. and Iran signed a memorandum of understanding (MOU) to continue nuclear talks and open the Strait of Hormuz, prices remain high, including at the gas pump.
The Problem With Suing Oil Companies for the Weather
Gov. Jeff Landry recently signed the Louisiana Energy Protection Act into law, which protects the state's oil and gas producers from environmental activists seeking to bankrupt them over alleged downstream impacts of climate change. The law…
Extra funding to expand scheme to retrain oil and gas workers for clean energy jobs
A total of £6million has been provided by both Westminster and Holyrood and will give current and former oil and gas workers living anywhere in Scotland specialist training support, if they wish to transfer their high-value skills into…
Segro bid boosts FTSE 100 as gold and oil sink
The FTSE 100 closed higher on Wednesday as gains in property stocks and housebuilders offset a slump in mining stocks as metals prices fell. The FTSE 100 closed up 32.78 points, 0.3%, at 10,461.63. The FTSE 250 ended up 175.05 points, 0.8%, at…
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