Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Event With Links to Oil Industry Teaches Judges 'Healthy Skepticism' of Climate Science
For many months, conservative lawmakers and political operatives have been targeting the scientists and lawyers behind the Climate Judiciary Project, a program meant to educate the courts about climate science, alleging that their effort…
Big Oil CEOs Warn Energy Market Is Moving Closer to Cliff's Edge
America's biggest oil companies are warning that global crude markets may be nearing an inflection point of higher prices the longer the Strait of Hormuz stays closed. Every day the waterway remains shut, the world is using up commercial…
Big Oil Stays the Course Despite Historic Dislocation in Energy Markets
The oil giants that for years reined in fossil-fuel spending and showered investors in cash are warning the Iran war is severely tightening global oil supplies—and they are in no hurry to change course. The energy shock is manifesting in the…
Ukraine attacks Russia's oil as Iran war raises energy prices
Ukrainian drones are flying deep into Russia to strike oil facilities, sending up plumes of smoke that can be seen from space and bringing toxic rain to tourist destinations on the Black Sea. The attacks are aimed at slashing Moscow's oil exports…
Investors are running out of time to brace for true oil shock
In thrall to an AI boom that has sent stocks to record highs and harboring hopes of a short-lived Iran war, investors have yet to prepare for a doubling of physical oil prices. The window to do so may soon be closing. There are plenty of…
Imperial Oil Ltd. stock falls Friday, underperforms market
Shares of Imperial Oil Ltd. IMO slid 4.04% to C$174.60 Friday, in what proved to be an all-around down trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.22% to 33,891.18. Imperial Oil Ltd. closed 6.0% short…
Tourmaline Oil Corp. stock rises Friday, outperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.23% higher to C$65.95 Friday, in what proved to be an otherwise all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.22% to 33,891.18. Tourmaline Oil…
Oil Tanker Pricing Feud Embroils a Centuries-Old London Market
A legal claim from one of the world's largest oil traders is throwing a spotlight on an arcane but critical corner of global finance — the multibillion-dollar freight market and the 282-year-old City of London institution that sits at the…
America's biggest oil companies are making less money than before the Iran war
The U.S.-Israeli war with Iran has sent crude-oil futures prices soaring, leading to frustration at the gasoline pump and fears of inflation. That would seem like good news for the largest American energy companies, but Exxon Mobil and Chevron are…
Consumer Cos Up as Oil Futures Give Back Some Gains -- Consumer Roundup
Consumer companies rose as oil prices gave back some of their recent gains. Newell Brands, maker of Sharpies and other consumer products, posted lower first-quarter sales but raised its full-year sales outlook on expectations that its turnaround…
Apple leads Wall Street to more records as oil prices pull back
NEW YORK (AP) — The U.S. stock market set more records Friday after Apple, Estee Lauder and others joined the list of companies delivering fatter profits for the start of the year than analysts expected. Easing oil prices also helped steady…
Meet the unsinkable U.S. economy - oil prices are surging, Iran tensions are rising, but it won't crack
High tariffs, stubborn inflation, government shutdowns, war with Iran, rising oil prices — nothing in the turbulent past year has poked a hole in a seemingly unsinkable U.S. economy. The latest round of reports on the economy underscore its…
Russian Tuapse Oil Terminal Fire Extinguished After Attack
The fire at a marine terminal in Russia's Black Sea port of Tuapse has been extinguished following Friday's Ukrainian drone strike, Krasnodar region emergency authorities said on Telegram. The hit was the latest in a series of attacks on the port…
Oil price declines amid reports of new Iran offer
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The FTSE 100 closed down on Friday, but above early lows…
Oil Could Hit $150 or Higher, Experts Warn. These Energy Stocks Are Built for the Shock.
The continued oil supply disruption caused by the Strait of Hormuz closure recently sent crude prices to their highest level since 2022 at nearly $120 a barrel. Several oil market experts are warning that crude prices could eventually top $150 a…
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