Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Meet 5 highest-earning CEOs in oil industry in 2025 and their companies
Leading oil companies have announced mouthwatering earnings in 2024, with their chief executives earning juicy pay Companies such as Seplat Energy, Aradel, TotalEnergies, MRS, and others led the pack in earnings and executive compensation in the…
Tourmaline Oil Corp. stock falls Thursday, underperforms market
Shares of Tourmaline Oil Corp. TOU shed 2.80% to C$61.90 Thursday, 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 0.37% to 25,254.06. Tourmaline Oil…
BP shares rise on report Exxon, Chevron and rivals eyeing oil major
More takeover talk involving potentially several suitors was lifting shares of BP on Friday. U.K. shares of BP UK:BP rose over 3% on Friday, while U.S.-listed shares BP gained over 2%. Barbara Kollmeyer is based in Madrid, where she leads…
Oil prices are down. It means something different in Canada vs. the U.S
We use trackers to collect some of your data in order to enhance your experience through personalized content and advertising. If you wish to limit online tracking on our platforms, please review your device and browser privacy settings before…
Oil prices gain ahead of Sino-US trade talks
NEW DELHI: Oil prices were up on Friday, after rising about 3% in the previous session, as trade tensions between top oil consumers U.S. and China showed signs of easing and Britain announced a 'breakthrough' trade deal with the United States.
Major car firm's urgent recall over risk of oil pump fire
READ MORE: Two best-selling US cars receive urgent 'engine failure' recall A top-selling car brand has issued a recall over a potential fire risk. Hyundai is recalling 620 units of its 2025 Palisade SUV due to a defect that could lead to an engine…
China Teapots Make Rare Murban Oil Purchases for Quick Delivery
At least two independent Chinese refiners have made a rare foray into the broader international crude market, snapping up cargoes of Middle Eastern oil for delivery next month. Fuhai Group Co. and Shaanxi Yanchang Petroleum Group each purchased…
Nigerian oil spill still damaging livelihoods 17 years later, court hears
Two “massive” oil spillages in Nigeria 17 years ago are still contaminating human health and the environment, with the oil company responsible failing to clean up the pollution adequately, the High Court has heard. People living in…
Oil rises 3% on support from US-China trade hopes
NEW YORK: Oil prices rose around 3% on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the US and China, the world's two largest oil consumers. Brent crude futures settled up US$1.72, or 2.8%, at US$62.84 a barrel. US…
Crude oil futures settle at $59.91
Up $1.84 or 3.17% Greg Michalowski 08/05/2025 | 18:43 GMT Crude oil futures are settling at $59.91, up $1.84 or 3.17%. The low price today reached $57.77. The high reached $60.02. Technically, the price is closing above the 100/200 hour MAs at…
Oil Gains as Traders Focus on US-China Trade Talks After UK Deal
Oil extended gains as the market turned its attention to trade talks between the US and China this weekend after President Donald Trump announced an agreement with the UK. West Texas Intermediate rose above $60 a barrel after advancing 3.2% in the…
Oil Edges Higher Amid Optimism Over U.S.-China Trade Talks
0006 GMT — Oil edges higher amid optimism over U.S.-China trade talks. President Trump sounded an optimistic note about U.S.-China talks scheduled for this weekend in Switzerland, and said he could possibly talk with Chinese President Xi…
Panic Buying Due To India-Pakistan Tensions? Indian Oil Issues Statement
As tensions between India and Pakistan escalate following the launch of Operation Sindoor, Indian Oil Corporation Ltd (IOCL) has issued a public advisory to quell fears of potential fuel and LPG shortages. The reassurance comes amid growing…
US government warns of 'unsophisticated' hackers targeting oil and gas systems
CISA warns of 'unsophisticated' attacks targeting oil and gas industries 'Basic and elementary' techniques are being used Critical infrastructure is increasingly at risk from cyberattacks The US Cybersecurity and Infrastructure Security Agency…
Saturn Oil & Gas: Needing A Little Cost Work (OTCMKTS:OILSF)
Saturn Oil & Gas Inc. costs are higher but manageable. Management has a definitive plan to reduce debt, aiming for a debt ratio of 1.0 or below. OILSF carries extra risks during a period of uncertainty and weak commodity prices. First quarter free…
Receive a Daily briefing on Oil Industry News
Get Started