Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Kuwait Declares Force Majeure on Oil Exports; Gov't, Industry Monitor Domestic Impact
Kuwait, a major oil producer in the Middle East, has declared force majeure on its crude oil exports, raising concerns over potential supply disruptions. According to Bloomberg News and other media on Wednesday, the state-run Kuwait Petroleum…
Oil Markets Aren't Smelling the Coffee, Industry Participants Say
Analysts and commodity-trading company executives are expressing shock at what they call a disconnect between market pricing and reality. Prices of the most-active Brent futures contract are holding below $100 a barrel despite escalating tension in…
View: The oil market 'is lying to us,' oil execs say
Big Oil is making money but losing sleep. Sure, high oil prices are nice; we'll find out next week exactly how nice when the majors report first-quarter earnings. But what goes up must eventually come down. And even though US oil executives and…
What would a permanent 'Tehran's tollbooth' on oil mean for the world?
Iran's plan to extract a $2m payment from tankers using the strait of Hormuz could raise costs for years to come A second round of peace talks between the US and Iran has begun amid renewed attacks on oil tankers in the strait of Hormuz and a US…
Investing veteran George Noble says the market is ignoring a warning flashing in oil
Oil futures are trading around $100 a barrel on Wednesday as investors assess the fragile state of the US-Iran ceasefire, but Wall Street veteran George Noble thinks the market is still not bearish enough about what's happening in crude. Noble, the…
Alberta examines three northern routes for oil pipeline to serve Asia
Alberta is looking at three options for a new oil pipeline to ship 1 million barrels a day through northern British Columbia, according to people familiar with the matter, as Canadian officials make plans to sharply increase energy exports to Asia.
Turner Prize: Mythical shapes and the impact of oil explored in 2026 shortlist
Steven McIntosh Entertainment reporter A spoken-word performance about life in the industrial north and sculptures which examine the political history of oil are among the shortlisted artworks for this year's Turner Prize. The works by artists…
Imperial Oil Ltd. stock rises Wednesday, outperforms market
Shares of Imperial Oil Ltd. IMO advanced 1.21% to C$171.26 Wednesday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.43% to 33,955.11. Imperial Oil Ltd. closed…
How the Iran war has stoked competition between India and China for Russian oil
India and China are now locked in competition over crude supplies, mainly from Russia and, to a lesser extent, Saudi Arabia. So far in April, both India and China are going head-to-head, with each securing equal supplies of Russian crude. Saudi…
Tourmaline Oil Corp. stock rises Wednesday, still underperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.32% higher to C$59.85 Wednesday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.43% to 33,955.11. Tourmaline Oil…
Iran attacks oil tankers in Hormuz, sending oil back above $100 a barrel
Global oil prices climbed back above $100 a barrel on Wednesday after Iran reportedly fired on three ships in the Strait of Hormuz and escorted two to the coast. The flare-up comes following President Donald Trump's unilateral announcement Tuesday…
When oil prices spike, where does the money go?
April 20 (UPI) -- The market for oil is global, which is why events like the war in Iran affect oil prices -- and prices of the wide range of products made from oil -- literally everywhere. Federal data shows that the price at the primary crude oil…
Urgent action on oil and gas decommissioning could create 25,000 jobs - report
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 think tank has called for “urgent action”…
Oil exporters scramble for routes beyond Hormuz - but options are constrained
Middle Eastern oil exporters are scrambling to explore alternative routes to get their oil and gas exports out of the region. The closure of the Strait of Hormuz has triggered a huge energy supply crisis. Experts say Iran's gambit with the Strait…
Why Peace In The Middle East Won't Bring Back Cheap Oil: The Case For Diamondback Energy
Diamondback Energy offers a compelling, secure investment amid a structurally higher oil price environment driven by global energy security concerns. FANG's Permian Basin focus, post-Endeavor merger scale, and ultra-low break-even costs position it…
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