Oil Industry News
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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.
Oil price gains and Westminster worry sink stocks
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 slumped on Friday as talks between the US…
Venezuela Pitches Oil Contract to Kick Off Talks With Drillers
Venezuela's national oil company has begun circulating a long-awaited proposed contract to energy companies interested in working in the Latin American nation, a key step toward reviving its crude production. The document reviewed by Bloomberg lays…
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…
2 Predictions for Energy Markets in 2026 as the Global Oil Reserve Draws Down
The geopolitical conflict in the Middle East has limited the world's access to key oil and natural gas supplies. These fuels are commodities, so supply constraints have driven up energy prices. That's pretty normal, but there are still likely to be…
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…
Xi-Trump Summit Disappoints as Oil Bulls Regain Momentum
Oil prices surged $7 this week as Iran tensions, Hormuz risks, and weak signals from the Xi-Trump summit overshadow bearish OPEC and IEA demand forecasts. In a week that started off with both OPEC and the IEA slashing their demand forecasts for…
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 price gains and Westminster worry sink stocks
The FTSE 100 slumped on Friday as talks between the US and China failed to deliver hoped for progress on the Middle East, adding to jitters caused by domestic political uncertainty. “There's a downbeat feel around at the end of the week as…
US Oil Refiners Seen Boosting Fuel Output Through Rest of Year
US oil refiners are ramping up fuel production to help fill supply gaps for gasoline, diesel and jet fuel as the Iran war chokes off Persian Gulf energy supplies. The brisk pace is expected to push many refineries to their effective maximum…
Argentina's YPF Seeks Incentives for $25 Billion Oil Project
State-run Argentine energy giant YPF SA announced a $25 billion project to accelerate oil production in the country, marking the largest investment since President Javier Milei took office.
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…
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