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 Down With Oil Futures -- Energy Roundup
Shares of energy companies fell alongside oil futures. New York-traded futures slid 3.9% to $70.34 a barrel, the lowest since Feb. 27, the day before the commencement of war in Iran. EG Group, operator of gas stations under brands such as…
Oil close to pre-war price as Iran oil hits market, ships transit strait
June 25 (UPI) -- Oil prices fell to close to their pre-Iran war levels on Thursday, three days after the United States authorized Iranian oil sales on the international market for a 60-day period and U.S. negotiators and regional mediators said…
Oil price falls to levels not seen since before Iran war
The Dallas Morning News via Getty Images The price of oil has fallen to levels not seen since before the Iran war as traffic through the key Strait of Hormuz shipping route gradually resumes. Global benchmark Brent crude briefly fell below $72.48…
Oil price falls to levels not seen since before Iran war
The price of oil has fallen to levels not seen since before the Iran war as traffic through the key Strait of Hormuz shipping route gradually resumes. Global benchmark Brent crude briefly fell below $72.48 (£55) a barrel, the price it was at…
Oil prices retreat back to pre-war levels as vital shipping route reopens
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. Oil prices have dropped to levels last seen before the…
Brent oil erases wartime gains as Hormuz reopening boosts supply
Brent oil erased all of its wartime gains after flows through the Strait of Hormuz ramped up following progress on a U.S.-Iran peace deal. The global benchmark pushed lower for a fourth session, dropping below $72.48 a barrel — its pre-war…
Tourmaline Oil Corp. stock falls Wednesday, underperforms market
Shares of Tourmaline Oil Corp. TOU dropped 1.12% to C$59.86 Wednesday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.55% to 34,736.09. Tourmaline Oil Corp.
Imperial Oil Ltd. stock falls Wednesday, underperforms market
Shares of Imperial Oil Ltd. IMO dropped 1.63% to C$160.39 Wednesday, in what proved to be an all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.55% to 34,736.09. Imperial Oil Ltd. closed 16.4%…
Oil tankers pass the Strait of Hormuz despite Iran threats as traffic slowly picks up and oil prices fall
Secretary of State Marco Rubio, touring Gulf nations in an effort to reassure U.S. allies over the deal, said Thursday the waters of the Strait of Hormuz “do not belong to any station state.” But Iran's navy blasted the route laid out…
Topaz Energy: The Best Oil Company Canada Has To Offer (OTCMKTS:TPZEF)
Topaz Energy has delivered a 23% CAGR over five years, driven by its hybrid model blending infrastructure, royalties, and high-IRR acquisitions. TPZ's dividend is fully covered by stable infrastructure cash flow and high-margin royalty income, with…
Drones Target Russian City With Three Rosneft Oil Refineries
A swarm of drones struck the Russian city of Ufa, home to three oil refineries owned by the country's top oil producer, Rosneft PJSC, causing a fire in the local industrial area. “Drone debris fell in the industrial area,” regional…
Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz
Oil prices have fallen below levels seen before the Iran war started in late February as more oil tankers exited the strait of Hormuz. Brent crude, the global benchmark, fell to a low of $72.24 a barrel on Thursday, slightly lower than the day…
European markets higher on easing oil prices (EUR:USD:)
Germany (DAX:IND) +0.31%. Germany's GfK Consumer Climate Indicator edged up to -29.2 heading into July. France (CAC:IND) +0.01%. The consumer confidence indicator in France rose to 84 in June. The unemployment rate in Hungary stood at 4.3% in…
Oil Futures Fall Amid Signs of Further Easing in Mideast Tensions
2349 GMT — Oil futures fall in early Asian trade after declining to their lowest level since the start of the U.S.- Iran conflict on Wednesday. The U.S. and Iran have indicated early progress in talks to find a permanent peace deal to end…
Oil Is Within Touching Distance of Prewar Prices
Brent crude prices dropped again overnight to around $72.70 a barrel, their lowest level since the U.S.-Iran war began in February, encouraged by signs that traffic through the Strait of Hormuz is recovering. The most actively traded Brent futures…
Receive a Daily briefing on Oil Industry News
Get Started