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 Flat With Oil Futures - Energy Roundup
Shares of energy companies were more or less flat, in line with oil futures. Oil remained under pressure due to reports that the U.S. and Iran are considering a second round of talks, spurring hopes that a temporary cease-fire could result in a…
Will gas prices continue to surge this summer? Oil industry analyst weighs in
Matt Smith, an analyst with Kpler, says a prolonged disruption could send gas prices soaring and worsen jet fuel shortages on the U.S. West Coast.
Daily on Energy: Iran and oil updates, and Maine bans data centers
Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for…
Tourmaline Oil Corp. stock rises Wednesday, outperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.21% higher to C$60.64 Wednesday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.16% to 34,155.99. Tourmaline Oil…
How big oil is cashing in on Iran war - The Latest
The world's top 100 oil and gas companies made more than $30m every hour in unearned profit in the first month of the US-Israeli war in Iran, according to exclusive analysis for the Guardian. The conflict pushed the price of oil to an average of…
Fish oil omega-3: Industry tackles supply chain uncertainty and cost pressures
From locking in fish oil supply to confronting ingredient commodization and counterfeits, dietary supplement brands in the omega-3 space addressing the pain points impacting the industry.
The oil market thinks the worst is over from the Iran war. The damage suggests otherwise.
The oil market desperately wants to move on from the Iran war. However, the extent and cost of the damage implies that the Middle East is facing a lengthy rebuild, and the real issue isn't the cost of the bill — estimated at around $50…
Oil prices high but markets rally on renewed hopes for peace talks | CNN Business
Economist Mohamed El-Erian tells Becky Anderson that stock markets currently appear unfazed, but oil prices remain elevated, highlighting a growing disconnect between Wall Street and Main Street.
U.S. Crude Oil Stockpiles Decline as Exports Rise
Commercial crude oil stocks excluding the Strategic Petroleum Reserve were down by 913,000 barrels at 463.8 million barrels in the week ended April 10 and were about 1% above the five-year average for the time of year, the EIA said. Analysts…
US officials claim China is 'hoarding' oil. What does the data say?
Though high-level officials in Washington have accused China of undermining global energy security by “hoarding” oil during the US-Israeli war on Iran, import and inventory data suggest Beijing is facing its own supply pressures as…
Health Care Down on Rotation Into Oil-Sensitive Sectors - Health Care Roundup
Health-care companies fell as traders rotated into sectors with more to gain from a drop in oil futures. One in seven people who signed up for Affordable Care Act plans this year failed to pay after premium costs rose sharply, according to analysis…
Japan announces $10 billion in subsidies for oil-strapped Southeast Asia
Japan announced on Wednesday that it would provide $10 billion in financial aid to Southeast Asian countries hit hardest by a surge in oil prices. Southeast Asian countries have been the worst hit by disruptions to global oil supplies due to Iran's…
Trump moans about Starmer not drilling for oil - but not for reason you think
Donald Trump keeps attacking the UK for not drilling for oil in the North Sea - but not for the reason you think. Today he renewed his complaints about the UK's decision not to grant new licences for drilling off the coast of Scotland. He told Fox…
Hoarding hypocrisy: flawed logic behind US calling China an unreliable partner for stockpiling oil
A critical look at US Treasury Secretary Scott Bessent's recent remarks reveals a significant contradiction in American policy and a misunderstanding of global energy dynamics. SCROLL TO CONTINUE WITH CONTENT In the complex theater of global…
Live: Firefighters battle to control fire engulfing Geelong oil refinery
Choose what information you see below by using filters Energy Minister Chris Bowen spoke to ABC News Breakfast earlier and said while the fire is 'not great timing … what's important is we come together and manage this'. 'It's important, as…
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