Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Bernstein Reiterates Outperform on Diamondback Energy (FANG) Amid Oil Supply Concerns
With a 5-year average revenue growth rate of 41.9%, Diamondback Energy Inc. (NASDAQ: FANG) is included among the 11 Best Long Term US Stocks to Buy Right Now. On May 11, Bernstein analyst Bob Brackett raised the firm's price recommendation on…
Consumer Cos Up as Oil Futures Fall -- Consumer Roundup
Consumer companies rallied after generally strong earnings and a slide in oil prices. A 5.7% drop in oil futures based on hopes for a peace deal between the U.S. and Iran sparked a rally in airline shares. The U.S. Global JETS exchange-traded fund…
Imperial Oil Ltd. stock falls Wednesday, underperforms market
Shares of Imperial Oil Ltd. IMO slipped 2.94% to C$183.85 Wednesday, in what proved to be an otherwise all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 1.25% to 34,161.82. Imperial Oil Ltd.
Tourmaline Oil Corp. stock falls Wednesday, underperforms market
Shares of Tourmaline Oil Corp. TOU shed 2.30% to C$67.15 Wednesday, in what proved to be an otherwise all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 1.25% to 34,161.82. Tourmaline Oil…
Is there a motor oil shortage? Here's why your oil change is getting more expensive.
Gas prices aren't the only thing going up. The cost of an oil change is also getting more expensive, as motor oil shortages could make it harder to get your next service appointment. At MacKenzie Motors in Boston, there's been a change that is…
Nymex Overview: Oil Drops $5 After Report of Tankers Crossing Strait of Hormuz -- OPIS
London-based July ICE Brent was off by $5.85 to $105.40/bbl and August Brent was $5.40 lower to $101.30/bbl. Refined product contracts tracked crude's decline. The more-active July RBOB futures were 14.85cts lower to $3.4255/gal and June RBOB was…
Newscast - Has The UK Softened Russia Oil Sanctions? - BBC Sounds
Today, the government announced a watering down of Russian oil sanctions as fuel prices rise from Iran war. Adam is joined by Chris and Faisal to discuss that, as well as the cut in fuel duty and Wes Streeting's resignation speech in the House of…
Here's What the Futures Markets Are Saying About Oil and the Conflict in the Persian Gulf
It's time to revisit what the oil futures market is pricing in. The data make for fascinating reading and, arguably, positive news for investors in energy stocks such as Chevron (CVX +1.50%) and U.S.-focused energy infrastructure ETFs like the…
UK struggles to reassure Ukraine after easing new sanctions on Russian oil
The UK was last night desperately trying to reassure Kyiv its new sanctions policy on Russia did not weaken restrictions, after Ukrainian officials warned the change could help Moscow fund its war efforts. While Downing Street insisted the decision…
China turns to Russian oil as Gulf supply drops - but is it too expensive?
While China's oil and gas imports from Gulf nations plunged in April amid the Strait of Hormuz crisis during the US-Israeli war on Iran, shipments from Russia have provided Beijing with a partial buffer for its growing economy. Russia's crude…
Falcon Oil & Gas Ltd. - Filing of Interim Financial Statements
Filing of Interim Financial Statements 20 May 2026 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces that it has filed its interim financial statements for the three months ended 31 March 2026 and 2025 and the accompanying Management's…
Prabowo tightens state grip on palm oil, coal amid monopolistic fears
Indonesia will require exports of key commodities to pass through a state-appointed enterprise in a sweeping effort to curb revenue leaks, tighten oversight of natural resources and keep more foreign exchange earnings at home. The policy, announced…
Keir Starmer insists no lifting of Russian oil sanctions following criticism
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Sir Keir Starmer has insisted he is not…
Watch Oil Extends Decline as Traders Weigh Trump's Latest Iran Threats
Oil Extends Decline as Traders Weigh Trump's Latest Iran Threats Oil fell for a second day as traders weighed US President Donald Trump's latest threat to resume strikes on Iran. Paul Sankey, Founder of Sankey Research, discusses the outlook for…
U.K. Loosens Russian Oil Sanctions Amid Soaring Energy Costs
The British government has relaxed sanctions on Russian energy imports, allowing it to buy jet fuel and diesel refined from Russian crude oil in third-party countries as the war in the Middle East continues to roil energy markets. The new trade…
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