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 Oil Price Peak Is Still In The Future
STRAIT OF HORMUZ, IRAN - MAY 16: An Iranian flag flutters in the wind as ships remain anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. Negotiations between the U.S. and Iran over opening this critical waterway have largely…
Tourmaline Oil Corp. stock falls Friday, still outperforms market
Shares of Tourmaline Oil Corp. TOU slipped 0.63% to C$61.91 Friday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.79% to 35,226.14. Tourmaline Oil Corp. closed…
Major oil companies reap massive profits as U.S. and Iran fighting drives energy prices higher
The money that oil companies accrued between the beginning of April and the end of June could receive extra scrutiny this year. Gasoline, diesel and jet fuel prices climbed sharply during that period, increasing costs for drivers and airline…
U.A.E. Changes How It Prices Its Crude Oil Grades
Abu Dhabi National Oil Company said it will change how it prices its crude oil grades sold to customers worldwide, replacing a system that locks in prices months ahead with one that better reflects the market closer to delivery. The United Arab…
Prediction: Chevron's Bold Moves in Iraq Will Reshape the Oil Stock Over the Next Decade.
Chevron (CVX +2.35%) is an integrated energy company. That's important for investors to remember, since it not only produces oil and natural gas, but it also transports the vital fuels and processes them. The power of the integrated business model…
UAE to Overhaul How It Prices All Crude Oil After Wild Swings
Abu Dhabi National Oil Co., the UAE's state oil company, said it would change how it prices its crude oil grades, months after wild swings in the benchmark it has been using to underpin its sales. From Nov. 1, all Adnoc onshore and offshore crudes…
Pemex Swings to $1 Billion Profit Buoyed by Higher Oil Prices
Petroleos Mexicanos swung to a profit in the second quarter, a rare positive signal for the struggling state oil company as it seeks to attract private partners, boost flagging output and slash its massive debt load. Pemex posted an 18 billion peso…
Oil climbs as traders assess shipping flows; big monthly gain in sight
By Siddharth Cavale and Anushree Mukherjee NEW YORK, July 31 (Reuters) - Oil prices rose on Friday and were on track for a big monthly gain as reports that some tankers were forced to turn around in the Strait of Hormuz prompted traders to…
Oil prices tick up as Strait of Hormuz remains closed - TT
Oil prices resumed climbing as tensions between the U.S. and Iran kept the Strait of Hormuz, a key waterway for oil transport, largely closed. World share benchmarks advanced, with South Korea's Kospi index jumping near 18%. On July 30, Wall…
A heat pump could soon be cheaper than replacing your oil boiler - an expert explains
If you heat your home with oil, you already know the routine. You watch the price per litre, you time your order, and you hope you're filling the tank when the market's kind, rather than when it's spiking. Around 1.7 million homes in England and…
Imperial Oil: Q2 Earnings Snapshot
CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Imperial Oil Ltd. (IMO) on Friday reported net income of $1.58 billion in its second quarter. The Calgary, Alberta-based company said it had net income of $3.27 per share. The oil and…
Imperial Oil Limited (IMO:CA) Q2 2026 Earnings Call Transcript
Imperial Oil Limited (IMO:CA) Q2 2026 Earnings Call July 31, 2026 11:00 AM EDT Peter Shaw - Vice President of Investor Relations John Whelan - Chairman, President & CEO D. Lyons - Senior VP of Finance & Administration and Controller Cheryl…
UAE to overhaul how it prices all crude oil after big swings - TT
Processing tanks at the Ruwais refinery and petrochemical complex in Al Ruwais, UAE. (Christophe Viseux/Bloomberg) Abu Dhabi National Oil Co. said all onshore and offshore crude grades will use Platts' Dubai benchmark from Nov. 1 instead of Murban…
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We Tested the Best Hair Oils for Shinier, Softer Hair
The best hair oils might sound completely counterintuitive. If you're trying to keep your hair from looking greasy, why would you add oil to it? But today's formulas are a far cry from the heavy, greasy treatments of decades past. The right hair…
Gas prices climb as oil companies report soaring profits
Updated: 4:53 PM EDT Jul 31, 2026 Editorial Standards ⓘ Gas prices climb as oil companies report soaring profits Updated: 4:53 PM EDT Jul 31, 2026 Editorial Standards ⓘ WASHINGTON — Drivers in the United States are paying more…
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