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…
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…
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.
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.
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…
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…
Badenoch presses Burnham on Rosebank oil field and spending plans at PMQs
Lib Dem leader Ed Davey says politics has been affected by 'poisonous ideas' including the idea that people born and raised in England can't be English if they're not white. 'We must reject it, as the Conservative leader to her great credit has…
Indian Stock Market Rallies: FII Inflows, Lower Crude Oil Prices Fueling Gains
Indian benchmark equity indices, Sensex and Nifty, are experiencing a robust rally, propelled by substantial foreign fund inflows and a favourable drop in global crude oil prices, signalling strong investor confidence and positive market sentiment.
Badenoch presses Burnham on Rosebank oil field and spending plans at PMQs
Badenoch says Rosebank oil field is a political decision, not a quasi-judicial one, which Burnham just described it as. Why else, she says, did it take the Labour government two years to approve Jackdaw gas field while the foreign secretary was in…
Chip upcycle, easing oil-related pressures to boost consumption in 2027: KDI
The global semiconductor upcycle, coupled with easing pressure from higher oil prices, is expected to lead to stronger consumption next year, a state-run think tank projected Thursday. The outlook came amid assessments that this year's global chip…
OPEC's Oil Production Nears Prewar Levels on Saudi Rebound
OPEC members boosted crude output toward prewar levels in October as alternative pipelines and other workarounds became a vital lifeline, allowing Saudi Arabia and other major producers to export more oil despite persistent threats to critical…
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