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 Up as Oil Retreat Pauses - Energy Roundup
Shares of energy companies rose as a slide in oil futures halted. Oil prices rose 0.6% to $86.53 a barrel in New York, but are still down by 17% for November so far. Traders are awaiting signs of the U.S. exiting an unpopular war in Iran, and the…
HighPeak Energy: Oil Cut Rebounds In Q3 2026 (Rating Upgrade) (NASDAQ:HPK)
HighPeak's oil volumes increased by 2% quarter-over-quarter, helped by expanded workovers. HPK also increased its production guidance while expecting reduced lease operating expenses. Refinancing reduces annual interest costs by $50+ million, while…
Tourmaline Oil Corp. stock rises Wednesday, outperforms market
Shares of Tourmaline Oil Corp. TOU advanced 1.28% to C$64.75 Wednesday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.67% to 36,411.72. Tourmaline Oil Corp.
Brazil, Venezuela Vow to Upgrade Ties With Oil Investment Talks
Brazil's energy minister will visit Venezuela before the end of the year to discuss opportunities in the oil sector, potentially marking a new chapter in bilateral ties after years of strained relations. President Luiz Inácio Lula da Silva…
Venezuela tells COP31 it has a sovereign right to pump more oil
By William James and Simon Jessop ANTALYA, Turkey, Nov 12 (Reuters) – Venezuela's Acting President Delcy Rodriguez told the COP31 climate conference on Thursday that the country has the sovereign right to develop its oil industry…
BP in Talks to Sell Stake in Brazil Oil Discovery to Petrobras
BP Plc is in talks with Petrobras to sell a stake in the Bumerangue oil block off the coast of Brazil, its biggest discovery in 25 years, according to people familiar with the matter.
Analysts See Decline in U.S. Crude Oil Stockpiles
U.S. crude oil inventory withdrawals likely extended to a sixth consecutive week along with a decline in distillate stocks, while gasoline stocks are seen holding steady, according to a survey by The Wall Street Journal. Commercial crude stocks are…
Angola's Oil Windfall Fuels Diversification Push, Citi Says
Angola 's drive to diversify its economy away from oil is picking up steam as the government uses a surge in crude revenue to finance structural reforms and investment in energy, transport and other industries, Citigroup Inc. said. While crude…
India Gulf Oil Imports Surpass Russia for First Time in Iran War
India's oil imports from the Persian Gulf have overtaken those from Russia for the first time since the beginning of the Iran war, as shuttle runs by tankers help restore flows through the Strait of Hormuz. Crude shipments reaching India through…
Venezuela tells COP31 it has sovereign right to pump more oil
Venezuela's Acting President Delcy Rodriguez told the COP31 climate conference on Thursday (November 12, 2026) that the country has the sovereign right to develop its oil industry, even as it recognises the importance of combating…
Oil Resumes Decline as Risk Premium Fades
0132 GMT — Oil prices resume their descent in early Asian trade after gaining moderately overnight as traders continue to weigh the prospects of a resolution in the Middle East. Hopes of lessened U.S.-Iran escalation risk after the U.S.
Viral olive oil shots could lead to weight gain, health expert warns
Taking shots of olive oil has become a popular trend on social media, with celebrities like Kourtney Kardashian and Hailey Bieber touting the practice for its supposed health benefits. However, some health professionals disagree with the claim that…
Argentine lawyer mocks UK's sovereignty claim in Falklands oil case
Britain should not be permitted to act as a 17th-century colonial power treating the waters around the Falkland Islands as a Dominium maris Britannici, Argentina has told an international tribunal. Marcelo Kohen, representing Argentina at a hearing…
Palm Oil Climbs as El Niño Threatens Indonesia's 2027 Supplies
Palm oil futures rose for a second session as traders weighed expectations for tightening supply in top grower Indonesia. To get Bloomberg's Business of Food newsletter in your inbox, sign up here.
Consumer Cos Flat as Traders Weigh Oil, Rate Views - Consumer Roundup
Consumer companies were more or less flat as traders weighed the outlook for oil prices and Federal Reserve policy. British antitrust authorities warned that McCormick's proposed $65 billion acquisition of Unilever's food business could stifle…
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