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Colombia's new president signals energy policy shift, backs oil and gas
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Colombia's new president signals energy policy shift, backs oil and gas
BOGOTA, Colombia (AP) — Colombian President Abelardo de la Espriella on Friday pledged to revive the country's oil and gas sector, restore state-owned energy company Ecopetrol and strengthen the electricity system, arguing that energy…
Greenland issues 'strong warning' as Trump-linked oil firm prepares to drill
An American oil company connected to Donald Trump is preparing to sink wells in remote Greenland despite not having received permission from the local authorities. As the US president renews his threats to claim the vast Arctic territory, materials…
Sadiq Khan calls on Andy Burnham to commit to climate action as pressure grows over North Sea oil
Sadiq Khan has called on the government to commit to revamped climate action and to reduce the UK's reliance on oil and gas, as the UK endures a summer of drought, wildfires and heatwaves. Writing in the Guardian, the mayor of London said that Andy…
How Chevron became the AI darling of Big Oil
Welcome to rural Reeves County, which counts about 4,000 households over 2,600 square miles, in barren and arid West Texas. Soon, courtesy of Chevron, the county will possess enough gas-fired electricity to power more than 2 million…
BP Sale Makes US Investor Germany's Second-Largest Oil Refiner
Over the past three decades, American investor A. Gary Klesch has amassed a portfolio of struggling steel mills, aluminum smelters, chemical plants and oil refineries, betting he could squeeze value from businesses their previous owners no longer…
Stock Market Rallies On Oil, Yields and Big Earnings: Weekly Review
The stock market had a powerful, game-changing week, with the Dow Jones and S&P 500 hitting record highs while the Nasdaq surged above key levels and confirmed its rally attempt. Crude oil prices tumbled for a second week, while Treasury yields…
Top Democrat proposes killing tax breaks for overseas oil production
Sen. Martin Heinrich, D-N.M., will introduce a bill, shared exclusively with CNBC, to end tax breaks for U.S. oil and gas companies that operate overseas while the industry reaps massive profits as the war with Iran spikes oil prices. The bill…
Oil Isn't the Only Commodity Not Flowing in Iran
Last weekend, it was all I could do to resist pulling up X on my cellphone while watching the Tesdeschi Trucks Band absolutely rock the world-famous Red Rocks venue in Morrison, Colorado last Friday and Saturday night. It seemed like the knockout…
Trump says he took Venezuela's oil. Here's what actually happened.
President Donald Trump has always loved the idea of taking other countries' oil by force. And he claims to have accomplished that goal in Venezuela. The war there 'lasted 48 minutes, and we paid for the war with what we've taken out many, many…
Saudi Arabia's $5 Oil Detour Is Expensive... But Worth It
Rerouting Saudi crude to Asia via Yanbu, Egypt's SUMED pipeline and the Cape of Good Hope may add around $5 per barrel and up to four weeks to a voyage. That premium is small compared with the economic damage caused by losing access to Hormuz or…
'Pizza in your mouth': Former baker showcases infused oils at State Fair
INDIANAPOLIS (WISH) — Every Saturday morning on Daybreak, WISH-TV highlights a local company with its partners at Indiana Grown. Sarah Lakin, owner of Happy Little Pineapple Shop, is showcasing her infused olive oils at the Indiana State…
Imperial Oil (IMO) Q2 2026 Earnings Call Transcript
Friday, July 31, 2026 at 11:00 a.m. ET Chairman, President and Chief Executive Officer - John Whelan Senior Vice President, Finance and Administration - Dan Lyons Senior Vice President of the Upstream - Cheryl Gomez-Smith Vice President of the…
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls
Oil prices fluctuated on Friday and remained on course for sharp weekly declines as uncertainty surrounding a potential agreement to reopen the Strait of Hormuz continued to drive volatility across global energy markets. Brent crude futures slipped…
Murphy Oil Corporation Remains Compelling Even As Shares Pull Back (NYSE:MUR)
Murphy Oil Corporation is rated a Buy due to its compelling valuation, strong balance sheet, and ongoing growth investments. MUR's Q2 2026 revenue surged 33.5% to $928.3M, driven by higher oil prices despite planned production declines. Shares are…
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