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 With Oil Futures on Hormuz Concerns -- Energy Roundup
Shares of energy companies rose alongside oil futures as President Donald Trump's visit to China failed to address the deadlock on the Strait of Hormuz. U.S.-traded futures rose 4.2% to over $105 a barrel. Energy strategists warn the clock is…
Canada takes key step towards new oil pipeline to serve Asia markets
Prime Minister Mark Carney and the leader of Canada's oil-rich Alberta province took a major step on Friday towards building an oil pipeline that could substantially increase crude exports to Asia. Expanding overseas energy exports has emerged as a…
Tourmaline Oil Corp. stock rises Friday, outperforms market
Shares of Tourmaline Oil Corp. TOU rallied 1.73% to C$67.50 Friday, 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 1.27% to 33,833.35. Tourmaline Oil Corp.
US Allows Russia Oil Sales Waiver to Expire Despite Tight Market
The Trump administration allowed a waiver that encouraged more Russian crude sales to lapse, even as the Iran war stokes concerns about global oil supplies and higher fuel costs. The expiration effectively ends for now a brief period where the…
Devon Energy vs. Chevron: Here's the Better Oil Stock to Own Right Now
The geopolitical conflict in the Middle East is headline-grabbing news. The energy market disruption caused by this event has pushed oil prices materially higher. That's good news for energy companies, but investors need to step back and make an…
UK Moves To Ban New North Sea Oil & Gas Licenses Permanently
The UK government will introduce legislation banning new North Sea oil and gas exploration licences as part of its Energy Independence Bill. Critics argue the policy will increase Britain's reliance on imported fossil fuels while damaging…
Macro Insights: $200 Oil Shock Looms Amidst Bubble Warning-How To Position Your Portfolio
Global petroleum inventories are plunging, with imminent shortages threatening a dramatic oil price spike to $200 and inflationary shocks. US equities, especially mega-cap tech, are at valuation extremes, with multiple analysts warning of an…
Oil, Geopolitics, and Occidental Petroleum: Here's Where the Stock Could Be in 12 Months
A lot has happened with Occidental Petroleum (OXY +4.94%) over the past year. The oil company sold its chemicals business and completed its debt reduction plan. Meanwhile, oil prices have surged due to the war with Iran. The surge in oil prices and…
January World Oil Production Drops
The EIA's April/May STEO reports have made significant and major revisions to the projected World oil production due to the US/Iranian war. The World's January oil production decreased by 1,411 kb/d to 84,533 kb/d. Brazil's National Petroleum…
Global oil stockpiles could hit record lows if Strait of Hormuz remains closed
Oil stockpiles cushioned the blow from the Middle East supply disruption, but inventories are falling at a record clip as the Strait of Hormuz stays closed. UBS expects inventories to approach all-time lows by the end of May. Prices will spike to…
Oil Prices Drive Inflation Above Wages: A Blip, Not A Trend
The increase in consumer prices exceeded wage growth over the past 12 months, with near-panic from some reporters. The numbers show wages rose 3.6% but consumer prices increased by 3.8%. This disparity is a short-run blip, not a long-lasting trend.
The Winners and Losers of Oil's New World Order
The war in Iran has triggered the largest oil-supply disruption in modern history. The crisis in the Strait of Hormuz is forcing governments to redefine energy security for an age of geopolitical fragmentation—one in which resilience depends…
Oil markets could be a month away from the moment of truth. Brace for a 'non-linear' price spike and panic buying, analysts warn
Dire warnings about oil supplies are coming from everywhere lately as the Strait of Hormuz remains largely closed while President Donald Trump's trip to China failed to produce a breakthrough to reopen the critical waterway. While investors have…
This Week's Market Wrap: Narrow Leadership, Oil And China Trip, And Hot Inflation
Strong earnings and guidance from companies tied to AI infrastructure, networking, semiconductors, and data centers pushed major indices to fresh record highs, with companies like Cisco Systems, Nvidia, Applied Materials, and Broadcom leading the…
2 Overlooked Oil Stocks to Buy Now Before They Soar
Among the companies in the energy patch that have surged this year are Occidental Petroleum (OXY +4.89%) and Ardmore Shipping (ASC +0.91%). These two have seen their stock prices rise by more than 36% and 75%, respectively. However, considering…
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