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 sector rallies in July as geopolitical risks drive oil higher (XLE:NYSEARCA)
The sector's 11%+ gains were driven by re-escalating US-Iran tensions, supply disruptions in key oil straits, lower inventories, and Ukrainian attacks impacting Russian refineries. Phillips 66 led gains with +21%, followed by Marathon Petroleum…
Tourmaline Oil Corp. stock falls Friday, still outperforms market
Shares of Tourmaline Oil Corp. TOU slipped 0.63% to C$61.91 Friday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.79% to 35,226.14. Tourmaline Oil Corp. closed…
Shell Says Oil Prices Are Headed Higher for Years. Here's the Case for Buying Oil Stocks.
The geopolitical conflict in the Middle East has made oil prices a near-daily topic of conversation in the media. That's understandable, given the immediate impact that the conflict is having on energy prices. But the really important takeaway from…
Michigan Supreme Court rejects permit for Enbridge oil pipeline under Great Lakes
The Michigan Supreme Court has ordered state regulators to reconsider a key permit that allowed a planned tunnel to carry an oil pipeline under part of the Great Lakes to move forward. The 6-1 decision further clouds the future of the 73-year-old…
Chevron Stock: A Top 2026 Pick For A Higher-For-Longer Oil Market (NYSE:CVX)
The Asian Investor 32.86K Followers Chevron delivered record Q2 profitability, driven by higher crude prices, production growth, and recent Hess acquisition synergies. CVX achieved $12.1B in earnings (386% YoY growth) and $15.4B in free cash flow…
Prediction: Chevron's Bold Moves in Iraq Will Reshape the Oil Stock Over the Next Decade.
Chevron (CVX +2.35%) is an integrated energy company. That's important for investors to remember, since it not only produces oil and natural gas, but it also transports the vital fuels and processes them. The power of the integrated business model…
OPEC+ may keep lifting its oil output quotas as the Iran war broadens. Why that won't help lower prices.
The Organization of the Petroleum Exporting Countries and its allies may decide Sunday to lift their oil production quotas for a sixth straight month — but finding ways to export those extra barrels will be the real problem. The ability for…
Michigan Supreme Court rejects permit for Enbridge oil pipeline under Great Lakes
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Turkiye and Iraq sign one-year oil pipeline deal amid global shift
Ankara and Baghdad have signed a one-year agreement to keep crude flowing through the Kirkuk-Ceyhan Oil Pipeline that stretches from Iraq to Turkiye, just days after a top-level visit to Ankara by Iraq's prime minister. The deal – struck…
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We Tested the Best Hair Oils for Shinier, Softer Hair
The best hair oils might sound completely counterintuitive. If you're trying to keep your hair from looking greasy, why would you add oil to it? But today's formulas are a far cry from the heavy, greasy treatments of decades past. The right hair…
Gas prices climb as oil companies report soaring profits
Updated: 4:53 PM EDT Jul 31, 2026 Editorial Standards ⓘ Gas prices climb as oil companies report soaring profits Updated: 4:53 PM EDT Jul 31, 2026 Editorial Standards ⓘ WASHINGTON — Drivers in the United States are paying more…
Major oil companies reap massive profits as U.S. and Iran fighting drives energy prices higher
American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages. The conflict, now in its sixth month…
How major oil companies reaped massive profits from the US-Iran conflict
Brent crude, the international benchmark, climbed from near $70 a barrel to well above $100 through March, April and May, briefly touching $126. The effects reached beyond fuel pumps: petrol rationing hit some countries, government offices in Nepal…
Democrats Hate Crypto More Than Oil Companies and Data Centers, Poll Shows
A previously undisclosed poll being circulated among Senate Democrats shows that cryptocurrency remains deeply unpopular with the party's base, potentially complicating the path forward for the long-awaited CLARITY Act as lawmakers prepare for a…
Second camellia oil maker suspended over carcinogen; source questioned - Focus Taiwan
Taipei, Aug. 1 (CNA) A second camellia oil maker in Taiwan has been ordered to halt operations after excessive levels of benzo[a]pyrene (BaP), a known carcinogen, were detected in its products, while the source of its raw materials remains…
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