Oil Industry News
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Energy Up Slightly, Sector Lags Oil Spike - Energy Roundup
Shares of energy companies rose slightly, but did not track a historic spike in oil prices. Oil futures jumped 12% to $90.90 a barrel in New York due to fears that the Strait of Hormuz, a key shipping lane for global oil supplies, would remain…
'We Have An Emergency': Newsom's Climate Obsession Could Wreak Havoc California's Oil Industry
The oil-and-gas industry is sounding the alarm over a tightening of California's cap-and-invest program, warning that stricter emissions caps could drive up gasoline prices and jeopardize the viability of in-state refining. The California Air…
Bessent Says US May 'Unsanction' More Russian Oil Amid Energy Crisis
Yesterday, when discussing the stunning development that Russia would be granted a one-month license to sell (formerly) sanctioned oil to india while the Straits of Hormuz are blocked, we said that this step is just the start, and precited…
Mohammed Al Sharqi Visits Fujairah Oil Industry Zone, Praises Work Of Field Teams
H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, visited today the fieldwork teams and defence heroes in the Fujairah Oil Industry Zone (FOIZ). H.H. Sheikh Mohammed bin Hamad was briefed on the heroic work of the…
Video: How the War in Iran Is Disrupting the World's Oil
new video loaded: How the War in Iran Is Disrupting the World's Oil…
Home heating oil: 'Most of my pension has gone on home heating oil
Many households across Northern Ireland have been hit by the huge price increase in home heating oil, with one pensioner spending almost all of her monthly pension on one refill. Global oil prices have risen after Iran launched strikes across the…
Would Trump Risk an Oil Crisis?
The last time an Iranian regime was overthrown, the resulting oil crisis eventually saw Americans lining up at gas stations and paying double what they'd spent a few years earlier to fill their tanks. So far, Donald Trump's new Iran war hasn't…
Tourmaline Oil Corp. stock rises Friday, outperforms market
Shares of Tourmaline Oil Corp. TOU rose 2.39% to C$63.37 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 1.57% to 33,083.72. Tourmaline Oil Corp.
Oil prices rocket in biggest weekly gain since 2020
Warnings have been issued that oil and gas production in the Gulf could be entirely halted in the coming days, amidst escalating conflict in the Middle East. Benchmark Brent crude prices have surged by over 25 per cent this week, reaching $94 a…
Daily on Energy: Quote of the week, oil prices near $100 per barrel, and storms in Oklahoma
Meanwhile, the U.S. International Development Finance Corporation, along with the Treasury Department, has released a plan to provide some reinsurance to maritime trade in the Gulf. We've got all the details below. 🚢 Welcome to Daily on…
Imperial Oil Ltd. stock outperforms market despite losses on the day
Shares of Imperial Oil Ltd. IMO dropped 1.22% to C$160.62 Friday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 1.57% to 33,083.72. Imperial Oil Ltd. closed 5.0%…
The Fog Of Oil
War, oil and gold are making headlines of late for overlapping and independent reasons. Below, we avoid the guesswork, finger-pointing or sensationalism attendant to current headlines concerning Iran and stick to a theme which offers some clarity…
Futures, Global Markets Tumble As Oil Soars Amid Fears Of Lenghty Energy Crisis
Seven days into the war on Iran and markets are getting increasingly shaky. US equity futures tumbled ahead of the February jobs report, and are on pace to close the worst week for global markets since 2020 deep in the red as the selloff in global…
Sugar industry calls for national ethanol mandate amid Iran war oil shock
The escalating conflict in Iran has seen hundreds of oil tankers stranded in the closed Strait of Hormuz. Australia's sugar industry says a national ethanol mandate would help shield motorists from rising prices. The federal government has already…
South Korea inflation stays at 2% as oil risks rise
March 6 (Asia Today) -- South Korea's consumer prices rose 2.0% in February from a year earlier, extending a six-month run of inflation at or above 2% as officials warned that rising oil prices linked to Middle East tensions could add fresh upward…
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