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…
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…
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…
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…
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”…
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…
Brazil Oil Driller Expanding in Venezuela as US Eases Sanctions
A Brazilian oil company is expanding in Venezuela in a bet that sanctions relief will stimulate the country's battered industry, highlighting regional appetite for participating in the US-led revival. Alvorada Heavy Industries Ltda, backed by…
Bloomberg Surveillance: Stocks and Oil Climb
The economy and the markets are 'under surveillance' as we cover the latest in finance, economics and investment. Listen to Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern for the top interviews from Bloomberg Surveillance Television. And join…
Graham: Iran oil blockade 'could become global soon'
Sen. Lindsey Graham (R-S.C.), a close Senate ally to President Trump, said the U.S. blockade of Iran's oil shipments “will be growing” and “could become global soon,” sending a blunt warning to countries that have helped…
Ukraine reopens Russia oil pipeline as Hungary withdraws veto on Kyiv loan
Kyiv and Budapest have buried two hatchets this week, swapping a restart of oil supplies for approval of critical wartime loans. Ukrainian President Volodymyr Zelensky announced Tuesday that the Druzhba pipeline — a transnational system that…
Urgent action on oil and gas decommissioning could create 25,000 jobs - report
A think tank has called for “urgent action” to ensure oil and gas companies decommission old North Sea infrastructure, saying doing so could create up to 25,000 jobs and deliver a £15 billion economic boost. A report by Redwater…
Heard on the Street Recap: Stocks and Oil Climb
Stocks rose after President Trump extended the Iran cease-fire. President Trump said late Tuesday that the U.S. will extend its ceasefire with Iran until its leaders present “a unified proposal” in negotiations. That was enough for…
Canada Responsible For Record 61% Of U.S. Oil Imports. Why It Matters.
Canada's domination of U.S. oil imports, topping 60% on an annual basis in 2025, matters for several reasons. Canada was responsible for a record 60.88% of U.S. oil imports in 2025, the first time it or any other country had accounted for 60% of…
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