Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
How oil execs shaped a landmark climate study
It is rare that a single scientific paper shapes how people think about a challenge as daunting as climate change. But one, known as “ Wedges,” published 22 years ago by researchers at Princeton University, told an irresistible story.
Imperial Oil Ltd. stock rises Thursday, outperforms market
Shares of Imperial Oil Ltd. IMO inched 0.33% higher to C$160.92 Thursday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.33% to 34,850.21. Imperial Oil Ltd.
Watch Stanley: Oil Market Complacent over Hormuz
Stanley: Oil Market Complacent over Hormuz There are renewed concerns about safe passage through the Strait of Hormuz after an attack on a cargo ship. Meanwhile, oil was on track for a weekly decline after transits through the Strait accelerated.
The country's crude oil stockpile is at risk of operational failure: Watchdog
The GAO issued its warning in a performance audit conducted between February 2024 and May 2026 that was sent to the House Energy and Commerce Committee this week. “America's Strategic Petroleum Reserve should be a resource our nation can…
Behind Oil's Dramatic Retreat
The U.S. war with Iran—and the economic war the latter waged in return—was supposed to be an apocalyptic moment for the oil market. Instead, oil prices are now back trading at close to their prewar levels.
Alberta Pipeline Plan Collides With Doubts Over How Much Oil It Can Pump
Alberta's push for a new oil pipeline to carry 1 million barrels a day to the west coast is colliding with a hard question for Canada's energy companies: Can they produce enough oil to fill it? Alberta Premier Danielle Smith has championed the…
Tourmaline Oil Corp. stock rises Thursday, still underperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.27% higher to C$60.02 Thursday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.33% to 34,850.21. Tourmaline Oil…
China's Collapsing Crude Oil Imports to Fall Further in June
The world's top crude oil importer is set to take even fewer barrels this month, extending its exceptionally subdued appetite since the start of the Iran war. China's seaborne crude imports will average about 6.4 million barrels a day in June…
Oil Futures Fall on Likely Technical Correction
2353 GMT — Oil futures fall on a likely technical correction following solid gains in futures overnight. However, futures' declines may be limited by concerns over the passage of oil tankers through the Strait of Hormuz. Iran's Islamic…
Saudi Aramco resumes oil loading at Ras Tanura in boost to supply
SINGAPORE, June 26 (Reuters) - Saudi Aramco resumed crude loadings on Friday at its Ras Tanura terminal in the Gulf after a near four-month halt, shipping data showed, as the world's biggest oil exporter joined a rush to move cargoes amid…
Rory Johnston on Why His $200 Oil Prediction Didn't Turn Out Right
The Strait of Hormuz has (mostly) re-opened! Crude prices are still up since the start of the war with Iran, but popular predictions earlier this year of $200-a-barrel Brent didn't pan out. Why is that? We last talked to Rory Johnston, the founder…
Venezuela Death Toll Rises, Oil Resumes Drop, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Prediction: Oil Is Heading to $60 a Barrel by 2027, and These Stocks Are Worth Buying Now
Oil prices doubled at one point this year due to the closure of the Strait of Hormuz, surging from around $60 to almost $120. However, crude has given back most of those gains, falling into the $70s, as the U.S. and Iran have agreed to a deal to…
Palm Oil Climbs on Higher Exports and Indian Demand Expectations
Palm oil advanced on rising Malaysian exports and expectations of better demand from the biggest buyer India as festival season nears. Benchmark futures rose toward 4,600 ringgit ($1,122) a ton on Bursa Malaysia Derivatives, paring a weekly loss.
Watch These Six Tankers Show Hormuz Oil Flowing Despite Setbacks
These Six Tankers Show Hormuz Oil Flowing Despite Setbacks The Strait of Hormuz's reopening is quickly flooding oil markets, driving crude to erase its wartime gains. Six ships show how fuel is moving out of the key shipping lane despite setbacks…
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