Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

yahoo.com - Matthew Smith - Can Colombia's New Government Reverse the Nation's Oil and Gas Decline?
Can Colombia's New Government Reverse the Nation's Oil and Gas Decline?
Yahoo!

In a closely contested presidential election in Colombia, controversial far-right candidate Abelardo de la Espriella emerged victorious. After an official recount, his opponent, left-wing senator Ivan Cepeda, conceded defeat. This was a hard-fought…

marketwatch.com - MarketWatch Automation - Tourmaline Oil Corp. stock falls Friday, underperforms market
Tourmaline Oil Corp. stock falls Friday, underperforms market
MarketWatch

Shares of Tourmaline Oil Corp. TOU slid 2.59% to C$59.71 Friday, 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 0.30% to 35,305.31. Tourmaline Oil Corp.

cnbc.com - Alexa LoMonaco - The volatile AI trade marched higher, but oil kept Wall Street on edge last week
The volatile AI trade marched higher, but oil kept Wall Street on edge last week
CNBC

Wall Street's record-setting start to the week ran into two familiar sources of volatility: the artificial intelligence trade and oil. The Dow Jones Industrial Average on Monday closed above 53,000 for the first time ever before renewed U.S.-Iran…

seekingalpha.com - Financial Sense - This Week's Market Wrap: Oil Shocks, AI Volatility, And A Resilient Economy
This Week's Market Wrap: Oil Shocks, AI Volatility, And A Resilient Economy
Seeking Alpha

Renewed U.S.-Iran hostilities and attacks on commercial vessels sent crude oil sharply higher, pressuring transportation, housing, materials, and other economically sensitive industries. Semiconductor stocks experienced sharp reversals, but major…

climatedepot.com - Watch: Morano on Fox on Canada's U-turn toward MAGA oil & gas energy policies - 'This is Trumpism & Trump's energy policies coming to Canada, & Justin Trudeau's legacy going down the toilet now'
Watch: Morano on Fox on Canada's U-turn toward MAGA oil & gas energy policies - 'This is Trumpism & Trump's energy policies coming to Canada, & Justin Trudeau's legacy going down the toilet now'
Climate Depot

Fox Business – Evening Edit – Broadcast July 9, 2026 Marc Morano: It's about time Canada owned up to the disaster that was Justin Trudeau, with all his virtue-signaling on climate that had real economic impacts for Canadians. I've…

timesleader.com - Global oil demand is dropping, but US drivers keep buying more gas
Global oil demand is dropping, but US drivers keep buying more gas
Times Leader

NEW YORK — Global oil demand is set to decline this year for the first time since the height of the COVID-19 pandemic in 2020, according to a report from the International Energy Agency. The drop, which the agency expects to amount to about…

thehindubusinessline.com - Bounce May Fade in Oil Futures
Bounce May Fade in Oil Futures
BusinessLine

Oil prices snapped a four-week decline, as there was a recovery last week. Brent crude oil futures on the Intercontinental Exchange (ICE) ($76/barrel) and crude oil futures in the domestic market (₹6,814/barrel) gained 5.4 per cent and 3.7…

fool.com - Sean Williams - Oil Prices Are Plunging, but Trumpflation Is Getting Worse -- Here's Why
Oil Prices Are Plunging, but Trumpflation Is Getting Worse -- Here's Why
The Motley Fool

On the surface, everything appears to be humming along for Wall Street. The timeless Dow Jones Industrial Average (^DJI +0.28%) vaulted to a fresh all-time high in early July, while the benchmark S&P 500 (^GSPC +0.42%) and growth-focused Nasdaq…

fortune.com - Cathy Bussewitz - Global oil demand is falling, and crude prices are down. But here's why gasoline, diesel and other refined products are still costly
Global oil demand is falling, and crude prices are down. But here's why gasoline, diesel and other refined products are still costly
Fortune

Global oil demand is set to decline this year for the first time since the height of the COVID-19 pandemic in 2020, according to a report from the International Energy Agency. The drop, which the agency expects to amount to about 1 million barrels…

irishmirror.ie - Isabel Hayes - Man jailed over stabbing in row over spilt oil
Man jailed over stabbing in row over spilt oil
Irish Mirror

A man who stabbed an acquaintance in the back and chest in a row that started over spilt oil in shared accommodation, has been jailed for three years. Housseyn Chaoui (30) got into a disagreement with another man in his shared accommodation in…

taipeitimes.com - 台北時報 - Oil firm ordered to suspend production
Oil firm ordered to suspend production
Taipei Times

The Food and Drug Administration (FDA) yesterday ordered the preventive removal of three batches of oil products produced by Central Union Oil Corp (CUOC). The agency said it received CUOC's first report on June 30, stating that a batch of soy…

dynamitenews.com - Sreeja Chowdhury - IEA says global oil demand is recovering, gulf peace crucial for market stability | Dynamite News
IEA says global oil demand is recovering, gulf peace crucial for market stability | Dynamite News
News: Today's News Headlines & Daily Updates from Sports, Movies, Politics, Business | Dynamite News

Post Published By: Sreeja Chowdhury Updated: 11 July 2026, 3:10 PM IST New Delhi: A recovery in global oil demand from a low of 97.9 million barrel per day (mb/d) in May (a decline of 5.3 mb/d year-on-year) is underway and by October, the…

nypost.com - Taylor Herzlich - Oil giants to gain 'billions' from Iran war - but won't ramp up drilling despite Trump's insistence
Oil giants to gain 'billions' from Iran war - but won't ramp up drilling despite Trump's insistence
New York Post

The US energy industry is bracing for a huge windfall from the Iran war, but oil majors aren't planning to ramp up drilling – even as the Trump administration pushes them to lower gasoline costs. President Trump has repeatedly pressured…

taipeitimes.com - 台北時報 - Oil contamination under investigation
Oil contamination under investigation
Taipei Times

By Fion Khan / Staff writer, with CNA The Taichung District Prosecutors' Office yesterday requested the detention of the general manager of Central Union Oil Corp (CUOC) in connection with a case of contaminated cooking oil products. Prosecutors…

taipeitimes.com - 台北時報 - Contaminated oil in animal feed unlikely: MOA
Contaminated oil in animal feed unlikely: MOA
Taipei Times

Soybean meal contains little benzopyrene given its extremely low oil content at less than 2 percent, said the Ministry of Agriculture (MOA) on Thursday in response to concern that animal feed might contain contaminated oil. The issue was raised…

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