Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Shares Rise as Oil Rally Resumes -- Energy Roundup
Stocks in the energy sector rallied alongside oil prices, as Brent crude rode nearly 5% to $103 a barrel. U.S. crude futures rose as the Pentagon sent a third aircraft-carrier strike group and more troops to the Middle East while President Trump…
No lights and no radio: Getting oil through Hormuz is a risky job
The tanker captain summoned his years of experience when he saw the blast in front of him. He veered his 300-meter-long ship around the vessel ahead and could see a fire had started. He called the U.S. Navy to tell them of the attack. The maneuver…
Oil Rises as Mideast Tensions Sustain Supply-Disruption Fears
The Pentagon is sending a third aircraft-carrier strike group and additional Marine Corps ships to the Middle East, adding 9,000 to 10,000 more troops to the region as President Trump considers renewing strikes on Iran after the midterm elections…
Oil Edges Higher Amid Rising Mideast Tensions
0002 GMT — Oil edges higher amid rising Middle East tensions that could lead to supply disruptions. The Pentagon has deployed a third aircraft carrier to the Middle East, adding as many as 10,000 American troops to the region, according to a…
Asian Stocks to Fall on Oil Rally, Bonds in Focus: Markets Wrap
Asian stocks were set for a modest decline as oil surged on the prospect of renewed US-Iran conflict, reviving inflation concerns. Bonds will be in focus after Treasuries rebounded. Equity-index futures for Japan and South Korea pointed to losses…
Supreme Court Weighs Shield for Oil Companies as New Term Opens
A yearslong legal campaign to hold the oil industry accountable for climate change risks running aground in the US as the Supreme Court takes up a case that threatens to undercut dozens of lawsuits. The justices open their new term Monday with a…
The Bond Rout Is Deepening Even as Oil Tankers Return to the Strait of Hormuz
The return of oil tankers through the Strait of Hormuz was supposed to bring down the price of crude, gasoline and diesel, taming inflation and lowering the world's borrowing costs. It isn't happening. Even as U.S. forces have worn down Iran 's…
Carney Puts Oil Pipeline at Center of Bid to Keep Alberta in Canada
TORONTO—Weeks before a referendum on Alberta's future in Canada, Prime Minister Mark Carney on Thursday sought to strengthen ties with the province by designating a proposed oil pipeline to the Pacific coast a “project of national…
Crude oil exports from strait of Hormuz largely return to pre-war levels
Exports of crude from the strait of Hormuz have largely returned to levels seen before the outbreak of the Iran war, as oil producers and the shipping industry have found alternative ways of transporting crucial fuel out of the Middle East.
Carney hopes an oil pipeline can help Canada fight a trade war
Jessica Murphy Canada digital editor Prime Minister Mark Carney has announced that Canada will fast-track the approval process for a 1,250km (775 mile) oil pipeline project to the Pacific coast. Carney argues the Pacific Link project is key to…
The Supermajor vs. the Shale Specialist: Is ExxonMobil or Devon Energy the Better Buy at $100 Oil?
ExxonMobil (XOM +0.66%) is one of the world's largest energy companies, with an asset portfolio that spans the globe. Devon Energy (DVN +2.43%) is a comparatively small energy company that produces only oil in the United States. They are basically…
ASX eyes gains after wild night on markets; Oil prices climb
More swings in the bond market are rattling stock markets around the world. On Wall Street, the moves were relatively modest after US bond yields cranked higher but then gave back the gains later in the day. The S&P 500 rose 0.3 per cent and was on…
Kiwi Tipped to Extend Six-Week Losing Run as Oil, Election Weigh
The New Zealand dollar is poised to cap its longest run of weekly declines since early 2025 as higher oil prices and the risks of a close election weigh on the currency, with market strategists warning of further losses ahead. The currency traded…
Lies About Oil
In the energy world, all eyes remain on the Persian Gulf. Crude oil exports from the region are increasing. But by how much? That question is hotly debated. An official White House account on X quoted a WSJ article today around noon: “With…
Oil Is Again Flowing Out of Hormuz
Over the past week, there has been a remarkable turnaround in supplies of crude oil making it out of the still-threatened Strait of Hormuz, with oil volumes returning nearly to prewar levels. What is not leaving the strait—or many parts of…
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