Oil Industry News
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Energy Down Amid Oil Volatility -- Energy Roundup
Shares of energy companies fell amid oil-price volatility. Oil futures briefly topped $100 a barrel in New York amid fears that continued strikes on Lebanon would jeopardize a cease-fire deal and the reopening of the Strait of Hormuz. Oil closed up…
Daily on Energy: Latest on oil prices, permitting shortcuts, and penguins
Plus, we have some sad news, as emperor penguins and the Antarctic fur seal have been listed as endangered species, due to the effects of climate change. 🐧🦭 We have more on this below. Welcome to Daily on Energy, written by…
As Iran war jolts global oil, can China's energy storage tech blunt the impact?
China's exports of energy storage equipment are expected to keep rising as the US-Israeli war in Iran renews global calls for energy independence, industry insiders and analysts said. The total export value of Chinese inverters – key…
Watch Energy Market Risks and Oil Prices: Goldman Sachs Sees Highest Energy Capex Since Shale Revolution
Goldman Sachs Sees Highest Energy Capex Since Shale Revolution Michele Della Vigna, head of EMEA natural resources research at Goldman Sachs, discusses the outlook for energy industry investment with the Strait of Hormuz becoming 'more risky' and…
Imperial Oil Ltd. stock falls Thursday, underperforms market
Shares of Imperial Oil Ltd. IMO dropped 1.35% to C$177.48 Thursday, in what proved to be an all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.42% to 33,477.71. Imperial Oil Ltd. closed 4.4%…
Watch Oil Markets Reality vs Expectations
Oil Markets Reality vs Expectations Oil markets are fluctuating between reality and expectations as disruptions in the Strait of Hormuz choke global supply. Bloomberg's oil markets reporter Mia Gindis joined Bloomberg Open Interest to break down…
Blair think tank urges Miliband to back new oil and gas fields
Tony Blair's think tank has branded Labour 'too ideological' and called for Ed Miliband to back new oil and gas fields. Ministers should have taken steps to protect the country from the volatility of energy prices caused by the Iran war, it says in…
Wright: Texas oil and gas industry has solution to help with water crisis
(The Center Square) – The Texas oil and natural gas industry has a solution to help with Texas' water crisis, Texas Railroad Commission Chairman Jim Wright says. During his tenure, the Railroad Commission issued a framework for a pilot…
Oil Opens Higher With Focus on US-Iran Ceasefire: Markets Wrap
Oil opened higher Friday and US stock futures wavered as Israeli strikes in Lebanon and the continued closure of the Strait of Hormuz damped optimism over a ceasefire to the Iran war. Crude gained for a second day after US President Donald Trump…
Oil price rises as markets question durability of Middle East ceasefire
Oil and gas prices rose on Thursday and Asian stock markets retreated as the two-week ceasefire in Iran looked increasingly shaky, with Israel continuing attacks on Lebanon and the US and Iran threatening a return to military action. A day after…
Consumer Cos Up on Hopes That Oil Has Peaked -- Consumer Roundup
Consumer companies rose amid hopes that oil prices had peaked. American Airlines boosted bag fees, following similar moves from Delta Air Lines, JetBlue and United. Consumer-staples companies will likely feel the knock-on effects of higher fuel…
Just greed': Trump-backed lawmaker blasts Big Oil over soaring gas prices
Representative Tim Burchett, a Tennessee Republican endorsed by President Donald Trump, accused oil companies and Washington lawmakers of driving up gas prices through “just greed” in a video posted on X late Tuesday, as Americans…
Occidental Finds Oil in Exploratory Well in Gulf of Mexico
Occidental Petroleum Corp. discovered oil in an exploratory well in the Gulf of Mexico about 125 miles (201 kilometers) south of the Louisiana coast. The company found crude in Miocene sand deposits in an area it refers to as the Bandit prospect…
Oil and gas prices will be lower but still elevated
The ceasefire does not immediately restore oil flows through the Strait of Hormuz. Shipping volumes remain constrained. Insurance costs will remain elevated. Under the most optimistic assumptions, it will take months for oil flows to reach pre-war…
Watch Oil Unlikely to Go Back to Pre-War Prices, Energy Aspects Says
Oil Unlikely to Go Back to Pre-War Prices, Energy Aspects Says Energy Aspects Global Gas Head Livia Gallarati discusses energy markets amid the fragile ceasefire between the US and Iran. Speaking on Bloomberg Television, she says both oil and gas…
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