Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
As climate lawsuits advance, the oil industry enters 'panic mode
Could the oil industry be held responsible for fueling the extreme heat that led to a woman's death? That's the question at the heart of a novel lawsuit in Washington state. Misti Leon's mother died from overheating during the hottest day in state…
Stock markets recover as oil retreats
The main international oil contract Brent North Sea fell back under $100 Friday after surging past the key milestone the previous day on escalating Middle East strikes, helping US and European stock markets stabilise. Brent and the key US contract…
Imperial Oil Ltd. stock falls Friday, underperforms market
Shares of Imperial Oil Ltd. IMO slid 0.10% to C$181.29 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 0.50% to 35,369.10. Imperial Oil Ltd.
Oil has surged to $100, but the energy shock may be bigger than it looks
Oil prices have surged over 30% over the past month to breach $100 a barrel as renewed US-Iran fighting in the Middle East threatens global energy supplies. Attacks in the Red Sea are also adding to disruptions through the Strait of Hormuz, putting…
Stock Market Today: Crude Oil Slips on New Hopes for Peace Talks Headline -- WSJ
Brent crude futures fell 3.5% to about $91 a barrel, after Reuters reported that Pakistan and Iran are exploring a path towards new talks with the U.S. Oil's decline, which had started earlier in the session, eased pressure on government bond…
U.S. Stocks Stabilize as Oil Retreats on Peace Talk Hopes -- Update
The Dow Jones Industrial Average rose 235.60 points, or 0.46%, to 51947.25. The S&P 500 gained 3.69 points, or 0.05%, to 7411.98, while the Nasdaq Composite dropped 161.87 points, or 0.64%, to 24975.82. According to preliminary data, there were…
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
In 1912, the French physicist Conrad Schlumberger could be found kneeling on the ground of his family's estate in Normandy, strategically placing wired electrodes in the soil. He was performing conductivity tests to detect the buried ruins of a…
Gas, groceries and back-to-school items are where shoppers might see higher oil prices surface
NEW YORK (AP) — Already feeling pinched since the start of the Iran war, consumers are likely to feel more pain ahead as oil prices pushed past $100 a barrel Thursday amid renewed fighting and military strikes that have left global oil…
U.S. Futures Stabilize as Oil Falls Below $100
U.S. stock futures steadied in early European trade as Brent crude oil fell back below $100 a barrel. Investors paused for breath after frenetic selling Thursday, when fears around U.S.-Iran escalations reverberated through global markets. The…
Stock Market Skids On Oil, Google, Tesla: Weekly Review
The stock market retreated this past week as crude oil prices surged yet again and Treasury yields hit 18-month highs. The Nasdaq tumbled to undercut June lows while the S&P 500 regained and then lost its 50-day line. The Dow Jones and small-cap…
US stocks tumble as Brent oil tops $100
Wall Street stocks tumbled early Thursday as oil prices shot higher on worsening effects of the US-Iran war while Tesla and Google parent Alphabet fell sharply after earnings reports. SCROLL TO CONTINUE WITH CONTENT International oil benchmark…
The world is facing its largest oil shock ever. Here is why prices are not higher.
Global oil prices topped $100 a barrel this week, bringing crude futures back to a two-month high. Their share surge erased all of the relief seen since the U.S. and Iran agreed to a ceasefire and a “ memorandum of understanding ” in…
Higher oil prices hit groceries, gas, back-to-school items - TT
Back-to-school shoppers may see higher prices. (Dusan Stankovic/Getty Images) Oil surged above $100 a barrel July 23 amid renewed Middle East fighting, pushing U.S. gasoline prices to a national average of $4.09. Higher fuel costs are raising…
Stocks waver on Wall Street while crude oil prices fall for the first time in a week
NEW YORK — Stocks drifted to a mixed finish on Wall Street Friday as oil prices slipped for the first time in a week. Every major index lost ground overall for the week amid increasing pressure from a sharp escalation in the U.S. war with…
Oil to End Year Near $100 on Mideast Disruptions, Rapidan Says
The breakdown of the US-Iran ceasefire threatens to leave Brent crude hovering around the $100-a-barrel mark well past July and into the end of the year, according to Rapidan Energy Group's increased forecast. The consulting firm raised its…
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