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 Up With Oil Futures -- Energy Roundup
Shares of energy companies rose sharply alongside oil futures. Oil surged by more than 3% in New York after Iran attacked a vessel near Qatar, likely slowing oil shipments through the Strait of Hormuz once again. Hopes that Middle East exports…
Resurfaced Video Proves Abdul El-Sayed Would Vote to End America's Oil and Gas Industry
Back in August, Abdul El-Sayed made a fool of himself on Fox News when he sat down for an interview with Jesse Watters. One of the things that came up during that interview was El-Sayed's support for banning the internal combustion engine —…
Hurricane Isaias to 'stress test' oil markets already hobbled by tight fuel supplies
The oil shock created by the Iran war is about to face its first hurricane of the Atlantic storm season, which is set to hit Friday near the heart of the U.S. oil production and refining industry. “At a time of unprecedented oil supply…
Nymex Overview: Oil Edges Higher; Hurricane Isaias in Focus -- OPIS
Oil futures were slightly higher around midday Friday following the previous day's sharp rally as market participants evaluated the impacts from shut-ins of offshore oil platforms and possible operational issues of two U.S. Gulf Coast oil…
Tourmaline Oil Corp. stock rises Thursday, outperforms market
Shares of Tourmaline Oil Corp. TOU rose 1.05% to C$63.22 Thursday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.30% to 35,145.38. Tourmaline Oil Corp. closed…
Imperial Oil Ltd. stock rises Thursday, outperforms market
Shares of Imperial Oil Ltd. IMO advanced 2.56% to C$174.74 Thursday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.30% to 35,145.38. Imperial Oil Ltd. closed…
AI Stocks Recover as Futures Rise, Oil Slips
Stock futures rallied after a tech-led selloff in the previous session, as lower oil prices and a rebound in artificial-intelligence sentiment boosted markets. Nasdaq futures rose 0.8%, partly recovering losses from a sharp drop in AI-linked stocks…
Hurricane Isaias Shuts In Oil Platforms; Two Refineries on Alert -- OPIS
Isaias has already impacted offshore crude oil and natural gas production in the U.S. Gulf Coast region, the Energy Information Administration said early Friday. Based on midday Thursday offshore operator reports, the U.S. Martine Minerals…
Couche-Tard to Acquire Irving Oil Retail Assets in Quebec, Ontario
Alimentation Couche-Tard has agreed to acquire certain assets in Quebec and Ontario from Irving Oil. The Canadian convenience store operator on Friday said it will acquire 50 retail sites already operated by Couche-Tard under the Quebec Alliance…
Markets Rebound As Geopolitical Tensions Ease And Oil Prices Fall
Crude oil prices retreat. Tech stocks in recovery mode after clarification of OpenAI revenues. SpaceX agrees to buy low-band spectrum licenses to challenge mobile carriers. It's been a tough week for traders with a variety of headlines that have…
Oil prices settle as Trump touts 'productive' talks with Iran - TT
Trump said in a social media post on Oct. 8 that his team has been “having productive discussions with the Islamic Republic of Iran.” He also indicated that he will not order a resumption of military strikes on Iran before the Nov. 3…
How a Billionaire Flipped a Venezuela Oil Field For $500 Million
Colombia's richest man Jaime Gilinski is poised to turn a Venezuelan oil field contract that cost him almost nothing into a $500 million stake in a Latin American crude producer that he's now on the cusp of controlling. How Gilinski obtained the…
The oil market that sets today's gas prices was invented in western Pennsylvania
The fall of 2026 is a moment of energy centrality, when geopolitics unfolding far away shows up in Americans' everyday lives. In Pennsylvania, the statewide diesel price averages US$6.50 per gallon. In Iowa, farmers are paying more than $6 a gallon…
Trump exempts NPRA oil exploration from NEPA
The Trump administration on Thursday announced it would exempt some Arctic oil and gas exploration activities from environmental reviews. © David W. Houseknecht, U.S. Geological Survey via Associated Press The Interior Department issued a…
U.S.-to-China oil tanker costs more than launching a rocket - TT
Global oil tanker rates surged to record levels, with shipping crude from the U.S. to China costing about $80 million, exceeding a standard SpaceX Falcon 9 launch. A tanker shortage fueled by altered Hormuz trade flows, vessel repositioning and…
Receive a Daily briefing on Oil Industry News
Get Started