Oil Industry News
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Energy Up With Oil Futures on Hormuz Optimism - Energy Roundup
Shares of energy companies ticked up alongside oil futures. Oil futures rose 11 cents to $68.69 a barrel but retreated for the fourth consecutive week amid signs that Middle East energy exports were returning to prewar levels. The U.S. and Oman are…
Natural gas closes in on oil's top energy perch - TT
The gap between oil and gas has narrowed in the past decade as the shale revolution supercharged natural gas output. (Mark Felix/Bloomberg) Natural gas is poised to surpass petroleum as the top U.S. energy source by 2030 after the gap nearly closed…
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…
Tourmaline Oil Corp. stock rises Thursday, outperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.69% higher to C$59.71 Thursday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.31% to 34,966.67. Tourmaline Oil Corp.
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…
Gulf oil exports jump in June on record UAE flows
By Ahmad Ghaddar, Jonathan Saul and Nerijus Adomaitis LONDON, July 3 (Reuters) - Gulf oil exports in June jumped more than 3 million barrels from May to exceed 10 million barrels per day as the U.S. military helped to keep oil flowing…
AI to revolutionise industrial internet in oil and gas markets | Computer Weekly
The almost incessant rise of artificial intelligence (AI), which has affected all industries, allied to a burgeoning digital twin sector, is now set to revolutionise the industrial internet of things (IIoT) in oil and gas, powering smarter…
What is Nayara, the Indian firm Russia is reportedly importing oil from?
An Indian oil firm, Nayara Energy, has reportedly sold petroleum to Russia as Ukrainian attacks continue to target oil refineries across the country, triggering a fuel crisis. On Wednesday, industry sources told Reuters that at least 60,000 metric…
TotalEnergies Offers Iraqi Oil to Asian Buyers as Supply Swells
French oil major TotalEnergies SE is offering millions of barrels of Iraqi crude that can be promptly delivered to Asia, according to traders, adding to a market already brimming with supply. The offers by TotalEnergies should help accelerate oil…
Oil Falls as Supply-Disruption Concerns Continue to Ease
2343 GMT — Oil falls in early trade as concerns over supply disruptions in the Middle East continue to ease. “While the U.S.-Iran process remains fragile and disputes over [Strait of] Hormuz administration and transit fees persist, we…
Oil price 'may fall to $60 a barrel' as voyages through the strait of Hormuz jump - business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Hopes of peace in the Middle East have been pushing oil down in recent weeks, and there could be further falls to come! Analysts at…
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.
Russia's Oil-Port City on Black Sea Is Fast Running Out of Fuel
Novorossiysk, home to Russia's largest oil port on the Black Sea, is running out of road fuel, the latest fallout from a supply crunch spreading across the country as Ukraine continues attacks on key refineries. “Currently, no gasoline is…
Who are the partners behind a proposed new West Coast oil pipeline?
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Japan weighs first Iranian oil imports since 2019 under US waiver
Iran has begun talks with Japanese companies under a US sanctions waiver allowing it to resume oil sales, though prospective buyers are seeking a longer waiver and reassurances about ship safety, three Iranian and Western sources said. The waiver…
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