Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The Trump Corruption Tax on the Oil Industry
May 13, 2026 Dean Baker Since Trump began his war on Iran, there have been a number of occasions where the price of oil futures tumbles just before Trump issues one of his “peace is at hand” proclamations on Truth Social. These drops…
Energy Up with Oil Futures as Stalemate Continues -- Energy Roundup
Shares of energy companies rose alongside oil futures with no end to the energy shock in sight. Oil futures rose by more than 4% in New York to top $102 a barrel after statements from President Trump indicated a cease-fire between the U.S. and Iran…
Crude oil from Azerbaijan arrives in Japan
A tanker carrying some 45,000 kiloliters of crude oil from Azerbaijan has arrived at an Eneos refinery in Yokohama, officials at the energy company said Tuesday. The shipment of Central Asian oil arrived in Japan for the first time as the country…
How Long Can the US Be the Oil Supplier of Last Resort?
What do the Federal Reserve and the US oil industry have in common? In today's war-torn market, both are the supplier of last resort. One provides dollars; the other barrels. But that's where the similarities end. The central bank can print the…
Tourmaline Oil Corp. stock rises Tuesday, outperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.82% higher to C$66.41 Tuesday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.44% to 34,290.73. Tourmaline Oil Corp.
Texas oil and gas industry reports job gains in March
(The Center Square) – Rebounding from job losses in earlier months, the Texas oil and natural gas industry reported job gains in March. Total jobs are still down over the year by at least 3.5%, according to new employment data published by…
Europe's Oil, Gas Lobbies Urge Flexibility on Storage Targets
European Union energy lobby groups called for more flexibility in reaching the bloc's natural gas storage targets, to avoid market pressure during the summer refilling season. The statement by Eurogas and the International Association of Oil & Gas…
Japanese Refiner Secures Mexican Oil to Bypass Hormuz Chaos
A Japanese refiner bought Mexican crude oil for the first time since 2023 as it navigates supply disruptions triggered by the Iran war and the near-closure of the Strait of Hormuz. Vessels Eagle Kuantan and Eagle Kangar are set to load a combined 1…
Vietnam asks US to let crucial oil tanker slip past Hormuz blockade
Vietnam 's state oil company urged the US to let a supertanker pass through an American naval blockade outside the Persian Gulf, saying the shipment is critical to the Asian country's economy. The very large crude carrier Agios Fanourios I, managed…
Daily on Energy: Energy soars in CPI, Trump to China, and Big Oil loves Alaska
ENERGY AND ELECTRICITY PRICES SOAR: Electricity prices and energy prices overall soared last month, well outpacing inflation, driven by global disruptions from the Iran war. The details: The Bureau of Labor Statistics released the latest update to…
Japan Oil Transportation FY Net Y1.51B Vs Net Y1.26B
Japan Oil Transportation Co. Ltd. (9074.TO) Japan Year Ended March 31 GROUP 2026 2025 Revenue Y38.54 bln Y37.09 bln Operating Profit Y1.87 bln Y1.55 bln Pretax Profit Y2.15 bln Y1.76 bln Net Profit Y1.51 bln Y1.26 bln Per share Earnings Y456.76…
Analysts See Withdrawal in U.S. Crude Oil Stockpiles
The average estimate of nine analysts and traders sees commercial crude stocks down by 2.3 million barrels at 454.9 million barrels in the week ended May 8. Eight expect a withdrawal and one predicts an increase. Expectations range from a build of…
Gold dips as oil gains add to rate uncertainty
Gold prices were under pressure on Tuesday as fading hopes for an Iran peace deal pushed oil prices higher, adding to concerns about inflation and the prospect of higher global interest rates. SCROLL TO CONTINUE WITH CONTENT Spot gold fell 1…
Oil Slips on Likely Technical Correction
0031 GMT — Oil prices fall in early Asian trade, on a possible technical correction after settling higher on Tuesday. There's still room for oil prices to climb if the Iran conflict worsens, says Kudotrade's Konstantinos Chrysikos in a note.
India Absorbs Global Oil Shock As Hormuz Crisis Tests Energy Security Framework
New Delhi: The closure of the Strait of Hormuz earlier this year has triggered one of the most severe global energy disruptions in recent decades, sharply exposing the vulnerabilities of oil-importing economies, including India. Yet, despite…
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