Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The Trump EPA Official in Charge of Methane Regulations Helped Write Oil Industry Argument Against Those Rules
The Trump administration official leading an effort to loosen rules on methane pollution was an unnamed author of key industry arguments against those same rules just four years ago when he was an oil and gas lobbyist. Aaron Szabo, an assistant…
Energy Down With Oil Futures on Peace Hopes -- Energy Roundup
Shares of energy companies fell alongside oil futures after reports that President Trump was close to ending the Iran war. The SPDR Select Sector energy exchange-traded fund, which tracks the energy industry group of the S&P 500, fell 1.4%, but is…
The Trump administration may be using the Iran war as an excuse to revive California's oil industry
Using the Iran crisis as justification, the Trump administration has approved the reopening of a controversial pipeline off the coast of California. Now, the Golden State is suing to shut it back down and continue towards its switch to renewable…
Tourmaline Oil Corp. stock falls Wednesday, underperforms market
Shares of Tourmaline Oil Corp. TOU slid 4.18% to C$63.80 Wednesday, in what proved to be an otherwise all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.58% to 32,957.95. Tourmaline Oil…
Imperial Oil Ltd. stock falls Wednesday, underperforms market
Shares of Imperial Oil Ltd. IMO shed 1.47% to C$179.54 Wednesday, in what proved to be an otherwise all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.58% to 32,957.95. Imperial Oil Ltd.
Iran's oil becomes latest foreign treasure targeted by Trump
President Trump is increasingly using U.S. power and influence in an attempt to gain control of foreign oil and minerals. Over the weekend, Trump said that, regarding the conflict in Iran, his “preference would be to take the oil.”…
Cost of petrol, diesel and heating oil: What the latest figures show
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. A range of data measuring the rising price of…
Gov't Strengthens Warnings for Crude Oil, Natural Gas
Photo: YONHAP News / Korea National Oil Corporation The Ministry of Trade, Industry and Resources will elevate its resource security alert for crude oil to Level 3 as of 12 a.m. Thursday, a notch up from some 20 days ago. The ministry said the…
Swinney softens domestic oil and gas stance in light of Middle East crisis
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Scotland's First Minister has softened his…
Iran Takes Aim at the Industries Behind the Gulf's Pivot From Oil
The oil states of the Persian Gulf have made great strides to diversify their economies in recent years, but they have also created a new vulnerability: more strategic targets for Iran to hit. Outgunned militarily, Iran is wreaking economic havoc…
Markets Rise And Oil Slumps Amid Optimism About Iran War Ending Soon
U.S. stock futures ticked up while markets in Asia and Europe soared on Wednesday morning amid renewed optimism about the Iran war ending soon after President Donald Trump said American forces will withdraw from Iran in two to three weeks. Markets…
Oil prices retreat and stock markets rally on Iran war resolution optimism
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The cost of crude oil eased back and…
List of countries turning to four-day weeks as oil crisis bites
Countries across the globe are turning to various measures to cut back on fuel use as the U.S.-Israeli war against Iran has caused energy prices to surge. Implementing four-day working weeks, cutting back on travel, promoting public transport, and…
China was ready for an oil shock and now investors are reaping the rewards
China's readiness for an energy shock has helped its financial markets to turn in a world-beating month and has global investors looking to boost their exposure as the Iran war drags on. SCROLL TO CONTINUE WITH CONTENT Oil stockpiles and resilient…
'Fossil-fuel imperialism': Trump's hankering for Iranian oil runs deep
Donald Trump said this past weekend he wants to “take the oil in Iran” by seizing control of a key export hub, echoing a refrain he has returned to for over a decade. It's a sign of his disregard for international law and belief in…
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