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 Down Alongside Oil Futures -- Energy Roundup
Shares of energy companies fell alongside oil futures amid hopes of a peace deal in the Middle East. Oil initially surged after reports that Iran's supreme leader wants its uranium to remain in the country. That could be a major sticking point for…
Can Venezuelan oil save India amid the Hormuz energy crisis?
Venezuela has emerged as India's third-largest crude oil supplier this month, as the war on Iran and the closure of the Strait of Hormuz force countries to scramble for alternative energy sources. Shipments from Venezuela to India are nearly 50…
Listen: Morano on Houston's Morning News: 'Coal is the most national security-friendly energy source, period' - 'With Oil, no matter how much oil the U.S. produces, unless we nationalize our oil industry, we are subject to the global price'
Broadcast May 20, 2026 – KTRH Houston Question: All right, is coal going to make a big comeback? Clean coal? Of course, six twenty four is our time Marc Morano joins us with the Climate Depot. I know there's some environmentalists out there…
Asia's currencies are flashing the oil shock alarm
Asia's policymakers are taking increasingly urgent and unusual steps to shore up their economies on the front line of the global energy supply shock, with currencies falling to record lows and pressure already forcing up interest rates. Asia buys…
Tourmaline Oil Corp. stock falls Thursday, underperforms market
Shares of Tourmaline Oil Corp. TOU slipped 0.31% to C$66.94 Thursday, 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 0.72% to 34,409.49. Tourmaline Oil…
China oil import cut, higher US exports wrongfoot market bulls
By Robert Harvey, Siyi Liu and Georgina McCartney LONDON, May 21 (Reuters) - As prices for physical crude oil hit all-time highs of over $160 per barrel last month, analysts and traders alike rushed to predict a market Armageddon if the U.S.-Iran…
Exxon negotiating deal to pump oil in Venezuela after standoff with leaders
Exxon Mobil is negotiating a deal to produce oil in Venezuela nearly two decades after the company was forced to leave the South American country due to its socialist leadership. In 2007, Exxon exited the nation after former Venezuelan President…
Warning summer holidays are under threat with oil markets nearing 'red zone'
The UK's oil reserves could begin to dwindle just as the summer travel season begins, the executive director of the International Energy Agency (IEA) has warned, threatening huge price shocks around July and August. Dr Fatih Birol said this is when…
NYSE Owner and OKX Seek to Launch Perpetual Futures Tied to Oil
Intercontinental Exchange Inc., owner of the New York Stock Exchange, is working with crypto exchange operator OKX to launch oil futures contracts that never expire. ICE's futures prices for Brent crude and West Texas Intermediate, known as WTI…
Palm Oil Markets Split as Indonesia Export Revamp Confuses Trade
Palm oil buyers are picking up spot cargoes at bargain rates even as futures prices climb, as traders attempt to understand the impact of a radical export overhaul announced by top producer Indonesia earlier this week. President Prabowo Subianto…
FTSE 100 edges higher despite oil price gains
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 ended a see-saw session in the green, as…
Alberta Premier Calls Vote on Oil-Rich Region's Future in Canada
Alberta Premier Danielle Smith said she'll call a referendum on whether the energy-rich province should stay in Canada or start a legal process that could eventually lead to its independence. The vote will be held Oct. 19 and is a response to a bid…
The Iran war boosted Russia's oil income, but money isn't Putin's biggest problem
Surging oil prices triggered by the war in Iran boosted Russia's oil revenue, but money isn't the Kremlin's biggest problem right now. 'Oil sales bring rubles. But rubles do not fight. They must be converted into weapons and soldiers that do,'…
China swaps Middle East oil for Xinjiang coal. What does it mean for the world?
As the war in Iran disrupts global oil and chemical supplies, China's coal-heavy energy sector is seizing an unprecedented opportunity. Dannie Peng visited the Changji Hui Autonomous Prefecture in northern Xinjiang – one of China's four…
Oil: Decades Where Nothing Happens, Weeks When Decades Happen
For the first quarter as a whole, oil prices rose approximately 75 percent. The SPDR S&P Oil & Gas Exploration & Production ETF, which tracks the S&P Oil & Gas Exploration & Production Select Industry Index, surged 45 percent during the quarter.
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