Oil Industry News
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Energy Up With Oil Futures After Iran Strike - Energy Roundup
Shares of energy companies rose alongside oil futures. Iran's surprise missile attack on U.S. forces in Jordan showed Tehran's military leaders would rather risk ramping up the war than play defense or accept a peace deal that would expose them to…
Valero Energy: Capitalizing On The Oil-To-Silver Grid As M2 Expansions Unwind (NYSE:VLO)
Valero Energy is structurally insulated from raw crude volatility, capturing refining margins through balanced crack spreads rather than relying on unhedged upstream extraction. Hard-asset ratios (VLO-to-Silver) demonstrate the stock is stabilized…
Shell Profits Surge on Oil Market Volatility
This article is for subscribers only. Morning, I'm Louise Moon from Bloomberg UK's breaking news team, bringing you up to speed on today's top business stories. Shell's second quarter results have blown past expectations.
Big Oil Is Making Big Money During Iran War Market Turmoil
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, reporter Mitchell Ferman looks at how oil majors and traders have seen profits soar amid the war in the Middle East. A defining theme…
Saudi Economy Shrinks Most Since 2020 as War Roils Oil Exports
Saudi Arabia's economy posted its deepest quarterly contraction since the Covid-19 pandemic, driven by a sharp downturn in its critical oil industry — a stark sign of the damage the US-Iran war is wreaking on Persian Gulf nations. Gross…
Imperial Oil Ltd. stock rises Wednesday, outperforms market
Shares of Imperial Oil Ltd. IMO rose 1.90% to C$180.96 Wednesday, in what proved to be an otherwise all-around rough trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 1.16% to 35,333.78. Imperial Oil Ltd.
Burnham says he told Trump UK will be pragmatic about North Sea oil
Prime Minister Andy Burnham has said he told US President Donald Trump he would take a 'pragmatic approach' to the issue of North Sea oil and gas. Trump has long urged the UK to increase drilling and claimed that Burnham had pledged to 'open up the…
Tourmaline Oil Corp. stock rises Wednesday, outperforms market
Shares of Tourmaline Oil Corp. TOU rose 2.38% to C$64.46 Wednesday, 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 1.16% to 35,333.78. Tourmaline Oil Corp.
Burnham says he told Trump UK will be pragmatic about North Sea oil
Kate Whannel Political reporter Prime Minister Andy Burnham has said he told US President Donald Trump he would take a 'pragmatic approach' to the issue of North Sea oil and gas. Trump has long urged the UK to increase drilling and claimed that…
Hormuz Oil-Tanker Shuttling Trade Is Picking Up Again After Lull
The oil-shuttling service that has been crucial to getting cargoes out of the Strait of Hormuz has picked up again after a recent lull, helping millions of barrels escape as Middle East hostilities escalate. The shuttling emerged at the height of…
Oil Futures Edge Lower on Possible Technical Correction
2336 GMT — Oil futures edge lower in early Asian trade on a possible technical correction after Wednesday's strong gains. However, losses may be limited by prospects of more U.S.- Iran ho hostilities that could exacerbate supply disruptions.
Shell half-year earnings soar to £12.6bn on Iran war oil price volatility
Shell has revealed a better-than-expected 70% surge in half-year earnings thanks to its best quarterly performance for fours years, despite “severe disruption” in oil and gas markets due to the Iran war. The FTSE 100 giant saw…
Shell profits double as oil prices rise due to Iran war
Shell's profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices. The oil giant's profits for the April-to-June period reached $9.84bn (£7.37bn) - up from $4.26bn at the same point last year.
Shell profits double as oil prices rise due to Iran war
Jennifer Meierhans Business reporter Shell's profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices. The oil giant's profits for the April-to-June period reached $9.84bn (£7.37bn) - up from…
Shell profit surges as oil trading and refining margins boom - TT
The Shell company logo on top of a fuel storage tank on the site of the former Coryton fuel refinery in Coryton, U.K. (Chris Ratcliffe/Bloomberg) Shell reported second-quarter adjusted net income of $9.8 billion, more than double a year earlier, as…
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