Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Refiner Eneos to expand oil-trading portfolio outside of Japan
Eneos Holdings plans to expand its team to handle more oil-derivative trading at its overseas offices including Singapore, as Japan's largest refiner looks to increase its presence at major trading hubs. The company intends to trade more oil…
Tourmaline Oil Corp. stock falls Tuesday, underperforms market
Shares of Tourmaline Oil Corp. TOU slipped 1.01% to C$60.87 Tuesday, 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 0.64% to 32,388.60. Tourmaline Oil…
Imperial Oil Ltd. stock rises Tuesday, outperforms market
Shares of Imperial Oil Ltd. IMO rose 3.87% to C$145.70 Tuesday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.64% to 32,388.60. Imperial Oil Ltd. hit a new…
Tech stocks are leading a fresh market sell-off as oil prices spike
The stock market was hit with a wave of selling on Tuesday as traders dumped some of the market's highest-flying tech names and reacted to a spike in oil prices. On the tech side, investors have been wary of high valuations for months, and are…
Why India Will Struggle to Reduce Its Reliance on Russian Oil
U.S. could issue general license for oil companies to produce in Venezuela this week, source says
The Trump administration could issue a general license this week allowing U.S. companies to pump oil in Venezuela, said a person familiar with the plan. Chevron is the only U.S. company currently allowed to pump oil in Venezuela under a special…
Oil prices extend gains on fears of escalating tensions in Mideast
TOKYO: Oil prices rose on Wednesday, extending the previous day's gains, after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tension…
Trump Looking at Issuing Licenses for Oil Production in Venezuela
Yesterday's big news was Trump's phone call with his 'dear friend,' Prime Minister Narendra Modi of India. It seems as if all the recent awkwardness and ill feelings over tariffs and Russian oil have been washed away in a flood of bonhomie, a true…
Russia oil, $500-billion target: Energy, security to shape Delhi's response
5 min read New Delhi Make us preferred source on Google Ahead of the meeting early Wednesday between External Affairs Minister S Jaishankar and US Secretary of State Marco Rubio in Washington DC, their first after the announcement of a trade pact…
Oil Rises Amid U.S.-Iran Tensions
0115 GMT — Oil rises in the morning Asian session amid U.S.-Iran tensions. The U.S. shot down an Iranian drone aimed at aircraft carrier USS Abraham Lincoln. This confrontation has raised worries of a further conflict between the U.S. and…
Residents heartbroken as US giant slashes jobs at oil refinery
Oil baron Winston Soosaipillai seemed to vanish into the sunset after he abandoned his Lincolnshire oil refinery and left a trail of £1.5billion debts behind last June. The sudden collapse of Prax Lindsey Oil Refinery (PLOR) under a mountain…
Murphy Oil (MUR) Reports Results for Q4 2025
The share price of Murphy Oil Corporation (NYSE: MUR) fell by 4.75% between January 23 and January 30, 2026, putting it among the Energy Stocks that Lost the Most This Week. Murphy Oil Corporation (NYSE:MUR) is a global independent oil and natural…
Oil climbs after US shoots down Iranian drone
NEW YORK: Oil prices climbed about 2% on Tuesday after the US shot down an Iranian drone approaching a US aircraft carrier and armed boats approached a US-flagged vessel in the Strait of Hormuz, stoking concerns talks aimed at de-escalating US-Iran…
Oil Rises on Flareup in US-Iran Tensions and Drop in Inventories
Oil rose for a second day as geopolitical tensions resurfaced following the US downing of an Iranian drone near an American aircraft carrier in the Arabian Sea. West Texas Intermediate advanced toward $64 a barrel, after adding 1.7% on Tuesday…
Asia shares wobble, oil prices climb and gold makes a comeback
SINGAPORE: Asian stocks were on shaky ground on Wednesday, following steep losses in U.S. and European equities on fears that advancements in artificial intelligence could supplant traditional software. Oil prices climbed after the U.S. shot down…
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