Oil Industry News
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Energy Down With Oil Futures -- Energy Roundup
Shares of energy companies fell alongside oil futures. New York-traded futures slid 3.9% to $70.34 a barrel, the lowest since Feb. 27, the day before the commencement of war in Iran. EG Group, operator of gas stations under brands such as…
Amid 2026 Energy Chaos, Oil And Gas Giants Prosper
The Hormuz blockade drained inventories, causing shortages of jet fuel and spiking gasoline prices in San Diego. What a frustrating time to be a giant oil and gas company. Somehow, despite President Donald Trump's war against Iran bringing about…
Tourmaline Oil Corp. stock falls Wednesday, underperforms market
Shares of Tourmaline Oil Corp. TOU dropped 1.12% to C$59.86 Wednesday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.55% to 34,736.09. Tourmaline Oil Corp.
Imperial Oil Ltd. stock falls Wednesday, underperforms market
Shares of Imperial Oil Ltd. IMO dropped 1.63% to C$160.39 Wednesday, in what proved to be an all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.55% to 34,736.09. Imperial Oil Ltd. closed 16.4%…
Topaz Energy: The Best Oil Company Canada Has To Offer (OTCMKTS:TPZEF)
Topaz Energy has delivered a 23% CAGR over five years, driven by its hybrid model blending infrastructure, royalties, and high-IRR acquisitions. TPZ's dividend is fully covered by stable infrastructure cash flow and high-margin royalty income, with…
Oil Futures Fall Amid Signs of Further Easing in Mideast Tensions
2349 GMT — Oil futures fall in early Asian trade after declining to their lowest level since the start of the U.S.- Iran conflict on Wednesday. The U.S. and Iran have indicated early progress in talks to find a permanent peace deal to end…
Hormuz Reopening Is Quickly Flooding Oil Markets With Supply
Key parts of the oil market are suddenly awash in supply, as a stream of cargoes out of the Strait of Hormuz accelerates after the US-Iran agreement to open the waterway. Even before the deal, a combination of strategic inventory releases, a…
Hormuz Reopening Is Quickly Flooding Oil Markets With Supply - TT
A tanker anchored off Port Sultan Qaboos in Muscat, Oman, on June 21. (Elke Scholiers/Bloomberg) A surge of oil cargoes through the reopened Strait of Hormuz after a U.S.-Iran deal has triggered oversupply and weakening markets across Europe and…
Segro bid boosts FTSE 100 as gold and oil sink
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The FTSE 100 closed higher on Wednesday as gains in…
The oil shock that wasn't
When Iran shut the Strait of Hormuz in early March, cutting back the global oil supply, it was easy to imagine domestic economic damage along the lines of 1970s oil shocks. The big picture: It hasn't happened, and that reflects a central shift in…
Trump Accuses Oil Companies Of Price Gouging And Warns Of DOJ Probe
President Donald Trump complained about elevated gas prices in the U.S. and accused oil companies of gouging customers in an overnight Truth Social post, signaling apparent frustration over elevated costs triggered by the Iran war despite…
U.S. Crude Oil Inventories Fall, Product Stocks Rise
U.S. crude oil inventories fell for a ninth consecutive week while gasoline and distillate fuel stocks posted increases, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude oil stocks excluding the…
Q&A: Aging well: Oil wells need imaging technology just like people
The world's energy infrastructure is aging. While attention often focuses on new drilling projects, many of the wells helping power the economy today were drilled decades ago. Industry experts estimate that the average age of oil and gas wells has…
Oil extends decline as Trump accuses oil firms of 'gouging' consumers
Oil prices fell as concerns over disruptions to shipping through the Strait of Hormuz eased. Trump urged a DOJ probe into fuel prices, accusing oil companies of gouging consumers. More than 11,000 seafarers were cleared to transit the key oil…
Trump blasts oil companies for not lowering prices to consumers, accuses them of price gouging
President Donald Trump criticized “big oil companies” for not lowering prices for consumers, even though oil purchase costs have dropped. He accused oil companies of price gouging consumers, ordered the Department of Justice to…
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