Oil Industry News
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Energy Down Amid Oil Volatility -- Energy Roundup
Shares of energy companies fell amid oil-price volatility. Oil futures briefly topped $100 a barrel in New York amid fears that continued strikes on Lebanon would jeopardize a cease-fire deal and the reopening of the Strait of Hormuz. Oil closed up…
Daily on Energy: Latest on oil prices, permitting shortcuts, and penguins
Plus, we have some sad news, as emperor penguins and the Antarctic fur seal have been listed as endangered species, due to the effects of climate change. 🐧🦭 We have more on this below. Welcome to Daily on Energy, written by…
Watch This Map Shows the Future of Oil
This Map Shows the Future of Oil The Strait of Hormuz could be changed forever, explains Bloomberg Opinion columnist Javier Blas.
Valero Pulls Back on Mexican Oil After Texas Refinery Blast
Top independent US oil refiner Valero Energy Corp., the largest buyer of Mexican crude, has cut purchases from the country to a trickle in April as it struggles to restart its Texas refinery following an emergency total shutdown. The company has…
Why China's green energy strategy may shield it from the Iran war oil shock
China's green energy transition is expanding from a domestic security priority into a potent geopolitical asset at a time of heightened global uncertainty, according to the latest official reading of the country's 15th five-year plan. That shift…
Two arrested over spate of used cooking oil thefts
Two people have been arrested in connection with a spate of used cooking oil thefts in York. North Yorkshire Police said the suspects were detained by officers from Humberside Police after they stopped a van linked to a previous theft in the York…
What this real-world oil price says about the level of stress in the energy market
Dated Brent is considered the real-world price tag of crude oil. The spot price of this benchmark rebounded on Thursday, as oil traders closely monitor a fragile ceasefire between the U.S. and Iran. Energy analysts warn the temporary truce is not…
How the US oil blockade is bad for Cuba's health
President Donald Trump's oil embargo against Cuba is putting a severe strain on the nation's once-renowned free healthcare system, fueling supply shortages that have worsened since the COVID-19 pandemic. The challenge was recognized by Cuban…
Mexico's 'Energy Sovereignty' Dos Bocas Oil Refinery Hit By Major Fire
One of Mexico's largest refineries, with a processing capacity of 340,000 barrels per day, appears to have suffered a fire in its coke storage area, marking the second incident in less than a month. The Dos Bocas refinery, built by Pemex in the…
'Economic civil war': States push laws to shield oil and gas companies from accountability
Across the country, Republican-led state legislatures are passing a slate of laws that effectively shield oil and gas companies from legal claims that they are responsible for the destruction and mounting toll caused by climate change. Fifteen laws…
The Price Gap That's Scrambling the Outlook for Oil
What is the price of oil? There isn't just one—and the gaps between them are making the impact of the Iran oil shock hard to gauge. Benchmark futures slid below $100 a barrel in recent days after President Trump announced a ceasefire with…
Lawmakers fear oil giants will pocket $1.8b diesel subsidy
The Hong Kong government is seeking HK$1.8 billion in funding for a proposed diesel subsidy for commercial sectors, but the plan was met with skepticism from legislators who fear the money will be absorbed by oil companies rather than benefiting…
Imperial Oil Ltd. stock falls Thursday, underperforms market
Shares of Imperial Oil Ltd. IMO dropped 1.35% to C$177.48 Thursday, in what proved to be an all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.42% to 33,477.71. Imperial Oil Ltd. closed 4.4%…
Asia economic growth to slow even if oil stabilizes, ADB warns
Economic growth across Asia will likely slow even if oil prices stabilize in the coming months, as the impact of war in the Middle East ripples through industries from manufacturing to tourism, according to the Asian Development Bank (ADB). The…
Energy as War: From Oil Fields to Cobalt Mines
The energy analyst known as Doomberg recently remarked on the Decouple podcast that ‘all wars are energy wars.' From the decisive role energy access plays in combat itself (think oil in World War II), to its infrastructure being an inviting…
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