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 Up With Oil Futures on Iran Risks -- Energy Roundup
Shares of energy companies rose alongside oil futures as the potential for military conflict in the Persian Gulf increased. President Trump signaled the U.S. would decide its next moves within 10 days if Iran didn't agree to a nuclear deal…
Toronto Stocks Edge Higher, Cenovus Energy Rises on 4Q Profit, Oil Output
Energy, industrial services and materials stocks were the main gainers in the session on Thursday, offset by losses primarily in health services, tech services and consumer discretionary stocks. Canada's S&P/TSX Composite Index rose 0.3% to…
Is Viper Energy (VNOM) Among the Best Crude Oil Stocks to Invest in?
Viper Energy, Inc. (NASDAQ: VNOM) is included among the 12 Best Crude Oil Stocks to Buy as Tensions Rise. Viper Energy, Inc. (NASDAQ:VNOM) is a publicly traded Delaware corporation focused on owning and acquiring mineral and royalty interests…
Tourmaline Oil Corp. stock rises Thursday, outperforms market
Shares of Tourmaline Oil Corp. TOU rose 2.75% to C$63.09 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 0.61% to 33,594.98. Tourmaline Oil Corp. closed…
Venezuela Tests Higher Fuel Prices as Oil Sector Opens
Venezuela has started to increase fuel prices at gasoline stations in Caracas as it seeks fresh revenue while reopening its oil industry to foreign investment and boosting output. State-controlled Petróleos de Venezuela SA began offering…
U.S. Crude Oil Stockpiles Post Hefty Decline
U.S. crude oil inventories were down sharply last week as imports fell and exports rose, while product stocks saw bigger-than-expected withdrawals, according to data released Thursday by the U.S. Energy Information Administration. Commercial crude…
Consumer Cos Down as Oil Rises -- Consumer Roundup
Consumer companies fell as oil prices hovered near multimonth highs due to Iran tensions. The U.S. Global JETS exchange-traded fund, a basket of airlines, plunged amid fears that fuel prices would continue to climb due to Middle East tensions.
Stocks Fall, Oil Climbs with Geopolitics in Focus: Markets Wrap
Asian equities were set to open lower Friday after a pullback in US stocks, as heightened geopolitical concerns weighed on sentiment. Oil hit the highest since August. Equity index futures for Japan and Australia were lower, indicating a headwind…
Oil Futures Edge Lower on Likely Technical Correction
0113 GMT — Oil futures edge lower in the morning Asian session on a likely technical correction after futures rose sharply overnight. Market fundamentals remain “stacked” against any sustained recovery in oil prices as…
Oil prices rise 2% on US-Iran conflict worries
NEW YORK: Oil prices rose around 2% on Thursday to settle at their highest level in six months, as traders worried about escalating tensions between the United States and Iran, which have stepped up military activity in the oil-producing Middle…
Northern Oil & Gas, Infinity Adjust Stakes in $1.2B Acquisition of Utica Shale Assets
Northern Oil & Gas and Infinity Natural Resources will revise their stakes in the two companies' planned joint acquisition of Ohio Utica shale assets from Antero Resources and Antero Midstream. Northern Oil & Gas said Thursday that it would pay…
Oil prices rise amid fears of US strikes on Iran - business live
Oil prices are on the rise as traders react to growing concerns that the US could launch military action against Iran. Both the US and Iran embark on military posturing despite trying to de-escalate a standoff over Tehran's nuclear programme. Brent…
Oil prices are already starting to jump as threat of war against Iran lingers
Oil prices have surged to their highest levels since last summer amid growing threats that the U.S. will launch military strikes against Iran. Prices jumped more than 4 percent Wednesday and continued to swell Thursday morning, with the global…
As oil prices spike on US-Iran tensions, Goldman says investors are bracing for more volatility
Oil is spiking on the latest bout of t ensions between the US and Iran, and Goldman Sachs's top commodities researcher says more volatility may be coming. Daan Struyven, the bank's co-head of global commodities research, told CNBC that he thinks…
TotalEnergies Asked to End Oil and Gas Exploration in Paris Lawsuit
TotalEnergies SE is fighting a lawsuit in Paris that seeks to block one of Europe's top oil and gas producers from starting new fossil fuel exploration and extraction projects. A group of non-governmental organizations and the Paris town hall asked…
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