Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Marco Rubio visits India to sell energy as Iran oil shock persists
Vikas Pandey and Nikhil Inamdar Delhi and Mumbai US Secretary of State Marco Rubio arrives in India on Saturday for a four-day visit amid geopolitical crosswinds and a global energy crisis triggered by the Iran war. Energy shipments through the…
Imperial Oil Ltd. stock falls Friday, underperforms market
Shares of Imperial Oil Ltd. IMO shed 0.33% to C$183.89 Friday, 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 0.18% to 34,471.36. Imperial Oil Ltd.
Tourmaline Oil Corp. stock rises Friday, outperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.43% higher to C$67.23 Friday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.18% to 34,471.36. Tourmaline Oil Corp.
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…
Opinion: The oil price shock is far from over even if the U.S.-Iran ceasefire holds
Please log in to bookmark this story. Create Free Account In the digital age full of tech companies with market values matching the GDP of sub-Saharan countries, whose products and services are considered indispensable for everyday living –…
Are Equity Markets Underpricing The Oil Risk?
Are equity markets underestimating risks? Why we may be facing another major oil spike. The long-term investment implications of elevated oil prices. Oil volatility tied to the Strait of Hormuz may be signaling more than a temporary disruption.
HK Electric customers set for steeper bills in June over volatile oil prices
HK Electric customers are set to fork out more for their energy bills next month after the Hong Kong firm announced a 20.4 per cent rise in its fuel surcharge as the ongoing war in the Middle East contributed to volatile oil prices. The energy…
US envoy says Greenland could relieve Strait of Hormuz oil pressure
Louisiana Gov. Jeff Landry (R), who is serving as President Trump's special envoy to Greenland, said Friday morning that the Danish territory could play a role in bringing down energy prices amid the Iran war after his “eye opening”…
NYSE, Crypto Exchange to Offer No-Expire Oil Futures - TT
Crypto exchange operator OKX. (Brent Lewin/Bloomberg) ICE and crypto exchange OKX plan to launch oil futures that don't expire, based on key benchmarks like Brent and WTI. The contracts will rely on ICE's existing futures prices for oil, linking…
The new-Fed-chair 'curse' and $100 oil are already testing Kevin Warsh - and the stock market
New U.S. Federal Reserve chairs have a rough tradition: The stock market almost always hands them a sharp correction during their first three months on the job. The pattern has held consistently since the 1930s. Kevin Warsh, freshly sworn in at…
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…
Alberta Sees Oil Sands Deal on Carbon Project Within Two Months
Alberta expects to reach an agreement with oil companies on the deployment of carbon capture technology in the oil sands in the summer, the province's premier said on Friday. “I would hope it would be a matter of a month or two that we'd be…
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…
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