Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
A Weak Dollar Subsidy That The U.S. Oil Industry Can't Compete Without
ROBINSON TOWNSHIP, PENNSYLVANIA - OCTOBER 26: A hydro-fracking drilling pad for oil and gas operates October 26, 2017 in Robinson Township, Pennsylvania. The Kendal well pad is using a horizontal drilling technique for extracting oil and gas in the…
Talarico Thinks Attacking the Texas Oil Industry Is a Good Idea
James Talarico warned voters yesterday that mean old Republicans would take his insane statements 'out of context' to make him look like a radical Leftist. The problem with that argument, of course, is that Talarico truly is a radical Leftist, by…
Tourmaline Oil Corp. stock rises Thursday, outperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.47% higher to C$64.10 Thursday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.31% to 34,517.70. Tourmaline Oil…
Imperial Oil Ltd. stock falls Thursday, underperforms market
Shares of Imperial Oil Ltd. IMO dropped 2.00% to C$168.73 Thursday, 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 0.31% to 34,517.70. Imperial Oil Ltd.
Texas oil and gas industry posts modest job gains in April
(The Center Square) - The upstream sector of the Texas oil and natural gas industry posted modest job gains in April, according to the latest data released by the Texas Workforce Commission and the U.S. Department of Labor. It's consistent with…
Just like gold and oil, we'll soon be able to trade AI token futures
The most important market of the future could be in LLM tokens — and financial groups are rushing to build new infrastructure for them. China's Shanghai Futures Exchange is currently designing a derivatives market for AI tokens, Reuters…
Alberta Oil Pipeline to Cost Sector $73 Billion, Imperial Says
Alberta's proposed million-barrel-a-day pipeline to the British Columbia coast will require Canada's oil industry to invest more than C$100 billion ($72.5 billion), the chief executive officer of Imperial Oil Ltd. says. Industry will need to invest…
Big Oil nurtured 'petro-populists;' now they're driving separatist cause
How many times do Liberal prime ministers have to learn that coddling Alberta gets them nowhere? Justin Trudeau learned that bitter lesson when he tried to woo Alberta by putting up federal money to expand the Trans Mountain pipeline — after…
Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher
Oil inventories will hit 'really, really low levels' in the coming weeks due to the Middle East conflict, said Exxon Mobil executive Neil Chapman. This will force the price of oil to shoot higher, Chapman said. Crude oil futures prices are below…
Even Oil Changes Aren't Safe From Politics Now
If you've noticed synthetic motor oil getting more expensive—or even just harder to find—there's a reason for it, and the problem may not go away anytime soon. Ongoing conflict in the Middle East is creating major supply chain…
Falcon Oil & Gas Ltd.: Falcon Announces Closing of Transaction with Tamboran
(“Falcon” or the “Company”) Falcon Announces Closing of Transaction with Tamboran 28 May 2026 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces that it has completed the previously announced sale of all of its…
Outlook for oil remains extremely vulnerable to geopolitical risks: Reliance Industries Ltd
3 min read New Delhi Make us preferred source on Google Reliance Industries Ltd, a leading player in the oil and gas sector, on Thursday said the outlook for oil remains extremely vulnerable to geopolitical, macro-economic and policy risks in…
Southwest Air Expects Fare Increases to Remain After Oil Falls
Southwest Airlines Co. expects higher fares to remain in place even after oil prices fall, as consumer resilience remains strong and the industry behaves rationally, Chief Executive Officer Bob Jordan said at a Bernstein conference on Thursday.
Airstrikes on Iran's Oil Facilities Spewed as Much Toxic Sulfur as an Erupting Volcano
Human rights groups and United Nations researchers called it “black rain.” The surprise joint U.S.-Israeli airstrikes on Iranian oil facilities last March propelled toxic and highly acidic clouds of soot and aerosolized oil into the…
Oil Investments to Drop for Third Year on War Shock, IEA Says
Global investments in oil projects are due to fall for the third year in a row, as the supply shock from the Middle East conflict shifts priorities to new trade routes and other energy sources. Despite higher oil prices, spending on oil projects is…
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