Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Daily on Energy: The latest on the wild oil markets
Plus, the Department of Energy will be relocating its headquarters in Washington, D.C., but the agency won't have to move very far. ⚡🏛️ Keep reading to find out where the agency will be setting up shop. Welcome to Daily on…
The Oil Industry Will Never Be the Same
We are now nearly a month into the U.S.-Israeli war on Iran. The conflict has lasted much longer than some energy experts initially expected — and it has built up an unprecedented crisis that is set to cascade from Asia to the rest of the…
Transcript: The Oil Industry Will Never Be the Same
This transcript has been automatically generated. Subscribe to “Shift Key” and find this episode on Apple Podcasts, Spotify, Amazon, or wherever you get your podcasts. You can also add the show's RSS feed to your podcast app to follow…
How Trump and the oil markets move in sync: A tango in six charts
Natalie Sherman,Business reporters It can be hard to pin down what is guiding Donald Trump a month into US and Israel's programme of strikes on Iran. But it is clear he has an eye on the oil markets. A word - or social media post - from the US…
Imperial Oil Ltd. stock rises Friday, outperforms market
Shares of Imperial Oil Ltd. IMO rose 2.56% to C$181.25 Friday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.23% to 31,960.65. Imperial Oil Ltd. closed 0.4%…
Tourmaline Oil Corp. stock rises Friday, outperforms market
Shares of Tourmaline Oil Corp. TOU rose 1.82% to C$68.37 Friday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.23% to 31,960.65. Tourmaline Oil Corp. closed…
How strategic oil reserves work and why they matter now
In the second week of the Iran war —with the Strait of Hormuz effectively closed, cutting off shipping of 20% of the world's oil supply—the International Energy Agency announced the largest release of strategic oil reserves in…
Uncertainty over war-induced oil crisis dominates key energy summit
A week of meetings for CERAWeek -- dubbed the 'Davos of Energy' -- saw around 10,000 executives and experts gather to discuss the latest in their industry. 'The industry is underestimating the geopolitical turmoil and geopolitical risk that's…
Oil markets are seeing 'the biggest gap in energy supplies the world's ever seen' - analyst
The world is facing “the biggest gap in energy supplies the world's ever seen” as the war with Iran enters its 29th day, according to Francisco Blanch, head of commodities and derivatives research at Bank of America.
A great opportunity in the midst of the Iran oil crisis
This is particularly problematic for energy policy because energy infrastructure is outdated, and investors need long-term confidence in market pricing to support large-scale capital deployment, hence the need for enduring policies that will be…
Markets plunge, U.S. oil hits $100 as Trump fails to reassure Wall Street
President Donald Trump is used to bending financial markets to his will. But with the war in Iran, he may have reached the limit of his ability to do so. On Friday, the S&P 500 closed down 1.7% and notched its fifth-straight weekly decline, its…
US Stocks Crater Under Iran, Oil Pressure
Markets cratered on Friday, with the S&P 500 losing 1.7% and the Nasdaq 100 entering a correction with a loss of more than 10% from its last record. As the conflict in the Middle East continues unabated and the White House sends mixed signals about…
Russian oil tanker skips Cuba, docks in Venezuela; 2nd tanker in limbo
March 27 (UPI) -- A tanker carrying Russian fuel initially headed to Cuba ended up docking in Venezuela after weeks of deviations, while a second oil-carrying vessel remains without a clear destination in the Caribbean amid the island nation's…
FTSE 100 ends down as oil rises while Iran war remains in deadlock
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. Blue chips in London outperformed European and US peers…
Oil prices could hit $200 per barrel if the war in Iran continues into summer
Oil prices could hit $200 per barrel if the war in Iran persists through the end of June, according to strategists from Macquarie Group. If the war were to stretch well into summer, the strategists wrote in a client note on Wednesday, prices would…
Receive a Daily briefing on Oil Industry News
Get Started