Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Imperial Oil Ltd. stock rises Friday, outperforms market
Shares of Imperial Oil Ltd. IMO rallied 1.23% to C$163.29 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 0.88% to 35,274.84. Imperial Oil Ltd. closed 14.8%…
Tourmaline Oil Corp. stock rises Friday, still underperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.20% higher to C$59.83 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 0.88% to 35,274.84. Tourmaline Oil Corp.
Oil's Stunning Reversal Rekindles Fears of a Global Glut
Oil prices are tumbling everywhere as a peace deal between the US and Iran unleashes a wave of supply, overwhelming demand from buyers and prompting talk of a glut of crude. It's a staggering turnaround: less than three months ago the world's main…
Ukrainian drones hit St Petersburg oil terminal in latest long-range attack on Russia
The First Deputy Chief of the General Staff of Russian Armed Forces Lt. Gen. Sergei Rudskoy holds a news briefing in Moscow, Saturday, July 4, 2026. (AP Photo/Pavel Bednyakov) A Ukrainian drone attack struck an oil terminal in St. Petersburg on…
Ukrainian drones hit St Petersburg oil terminal in latest long-range attack on Russia
A Ukrainian drone attack struck an oil terminal in St. Petersburg on Saturday, Russian officials said, as Kyiv presses on with bombardment of Russia's oil infrastructure. Almost daily long-range attacks on Russian oil facilities have created a fuel…
Total CEO Sees Mideast Producers Desperate to Sell Oil Stocks
Middle East oil producers are desperate to sell crude stockpiled during the recent Persian Gulf conflict, but gasoline and diesel inventories remain constrained due to shipping worries, TotalEnergies SE Chief Executive Patrick Pouyanné said.
DOJ investigating oil companies over manipulating gas prices
“Affordable energy is essential to a thriving American economy,” Associate Attorney General Stanley Woodward said in a statement. “The Antitrust Division is committed to working alongside state law enforcement partners to…
Ukrainian drones hit St Petersburg oil terminal in latest long-range attack on Russia
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Ukraine launches drone attack sparking inferno at Putin's key oil terminal
UKRAINE has launched a stunning drone attack on one of Vladimir Putin's key oil terminals – as a major Russian strike killed four civilians. Raging flames tore through St Petersburg oil terminal after the daring blitz – marking the…
Using GUSH For Some Of My Oil/Gas Sector Exposure (NYSEARCA:GUSH)
Direxion Daily S&P Oil & Gas Exp & Prod Bull 2X ETF is rated Buy for a 12-month outlook around $30 per share. Crude oil and natural gas are deeply undervalued versus precious metals and historical inflation-adjusted levels, supporting a bullish…
U.S. says it is monitoring oil markets for price-fixing as it urges states to do the same
U.S. antitrust regulators said Friday they are closely monitoring oil markets for potential price-fixing or market monopolization, and they urged state attorneys general to assist in investigating unlawful conduct. 'Recent volatility in crude oil…
Ukraine hits oil and military facilities near Russia's St Petersburg
A wave of Ukrainian long-range drones has struck the St Petersburg region overnight, hitting an oil terminal and a Baltic Sea port in one of the largest deep-strike operations targeting President Vladimir Putin's home city. Leningrad region…
Big Oil heads for biggest profits in years as Trump pushes for lower gas prices
America's biggest oil companies are poised to post their strongest quarterly earnings in years — as President Donald Trump has been ramping up pressure on the industry to lower gas prices ahead of November's midterm elections. Exxon Mobil…
Iraq, Turkey discuss protocol to keep oil exports flowing
An Iraqi delegation visited Ankara to discuss the future of the Iraq-Turkey pipeline agreement and energy cooperation, Iraq's foreign ministry said on Friday, adding that the two sides agreed to continue technical and legal talks on oil exports.
Prediction: This Oil Stock Will Beat the S&P 500 in the Second Half of 2026
Over the past several years, ExxonMobil (XOM +0.59%) has transformed itself into a lower-cost, higher-return business. In essence, it's just become a much more efficient company. Low-cost production in Guyana, disciplined spending, and the…
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