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 alongside oil futures, which tested the psychologically significant $100-per-barrel level in New York. Oil rose by the largest weekly increment since July after Ukraine renewed attacks on Russian refineries, adding…
Liberty Energy Stock: The Oil Field Upcycle Has Been Forgotten (NYSE:LBRT)
Liberty Energy is upgraded to STRONG BUY, driven by undervalued near-term completions and long-term power business growth. LBRT's 34% share price decline creates a disconnect from improving oil field fundamentals and imminent completion…
Oil reaches $110 per barrel
An international oil benchmark hit $110 per barrel on Friday, as the industry faces persistent shocks from the U.S.-Iran and Russia-Ukraine wars. © Kamran Jebreili, Associated Press file The price of Brent crude oil, the international…
Centcom commander says naval blockade cost Iran $25B in oil revenue
The U.S. Central Command (Centcom) Commander Adm. Brad Cooper said on Friday that the U.S. naval blockade has cost Iran $25 billion in crude oil export revenue. © Kevin Wolf, Associated Press “As a point of emphasis, with the exception…
US, Israel face threats of war if oil prices keep rising
High oil prices are going to be an issue over the next few weeks if they continue to stay above $100 a barrel. That is a clear challenge for the United States and also potentially for Israel in terms of keeping a lid on a renewed conflict with Iran…
Oil tanker carrying 2M barrels hit in Strait of Hormuz as Iran sends warning
A taker carrying two million barrels of oil has been the latest victim of the Iran war after it struck a mine and caught fire in the Strait of Hormuz. In a statement reported by state media, the Islamic Revolutionary Guard Corps said that the…
Trump waives sanctions on Russian oil, relief for India
US President Donald Trump has issued a significant waiver from sanctions under the Sanctioning Russia and Iran Act, a move with potential implications for global oil markets and India's energy security. US President Donald Trump issued a waiver…
Oil hits $110 for the first time since May - TT
A pump jack near Imperial, Texas. (Mark Felix/Bloomberg) Oil prices surged Oct. 16 as traders repriced supply risks despite key waterway cargo volumes nearing prewar levels. Crude has risen more than 75% this year, while New York diesel settled at…
Diesel, Midterms, Low Stocks: Why Trump Blinked On Russian Oil Sanctions
Low inventories leave the US more exposed to global oil shocks. Summary is AI-generated, newsroom-reviewed US President Trump waived sanctions on Russian oil imports days before they took effect on October 18 The waiver aims to lower US diesel…
Oil Prices Are Back Above $100. History Says the Biggest Stock Market Loser May Now Offer the Biggest Upside.
Oil prices have spent most of the past month hovering above $100 a barrel. The big driver, of course, has been the Iran war, which has sent crude, gas, and diesel prices soaring. For equity investors, the obvious trade might be to buy energy…
Alberta has the world's fourth-largest oil reserves and sends 90% of its crude exports to the U.S. - It will vote on a first step to leaving Canada
For decades, Alberta separatism was a fringe cause. On Monday, voters in Canada's oil heartland will decide whether to take the first step toward a referendum on leaving the country. Alberta, home to the world's fourth-largest proven oil reserves…
Bank of Canada Signals Higher Inflation Forecast as Oil Prices Surge
The Bank of Canada (BoC) is preparing to significantly raise its inflation forecast this month as elevated oil prices and ongoing Middle East tensions increase concerns about persistent price pressures, Governor Tiff Macklem said on Saturday. The…
SDCI: Commodity Rally Looks Strong, But Oil Risks Linger (NYSEARCA:SDCI)
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund is rated 'hold' due to oil exposure and potential price declines. SDCI's basket is over one-third oil, with monthly rebalancing favoring backwardation or minimal contango contracts. Despite…
Trump eases Russia oil sanctions, but is Europe still buying Moscow's gas?
United States President Donald Trump has signed an executive order waiving newly-passed Russia sanctions, claiming the move is in the US's “national interest”. Earlier this month, Trump also announced a deal to bring stocks of Russian…
Iran Links Strait of Hormuz Reopening to U.S. Withdrawal as Oil Climbs
Iranian army spokesman Brig. Gen. Mohammad Akraminia said the Strait of Hormuz would reopen if U.S. forces left the region, as concern about the key oil route accompanied Friday's market gains. Weekly gains were larger for West Texas Intermediate…
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