Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Watch Oil Market Completely Broken
Oil climbed after renewed clashes between US and Iranian forces which has jeopardized the outlook for a deal to end the war. The Strait of Hormuz has been effectively closed since the start of the war triggering an energy supply shock. Vandana…
Bloomberg Surveillance: Market and Oil Outlook
The economy and the markets are 'under surveillance' as we cover the latest in finance, economics and investment. Listen to Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern for the top interviews from Bloomberg Surveillance Television. And join…
China's Invisible Hand Is Rebalancing the Oil Market
Facing an unprecedented shortage, the oil market is pulling every available lever to rebalance supply and demand. Some are well known: bypassing the Strait of Hormuz using pipelines, releasing emergency stocks and allowing high prices to kill…
New Oil Shock Prompts Asian Governments to Intervene in Markets
This article is for subscribers only. I'm James Mayger, an economics and government reporter in Canberra. Today we're looking at Asia's energy scramble. Send us feedback and tips to. And if you aren't yet signed up to receive this newsletter, you…
DOJ probing trades in oil futures and prediction markets just ahead of Iran war news
The Justice Department and the nation's top commodity market regulator are investigating a series of oil market trades that came just ahead of major policy announcements from President Donald Trump and Iranian officials, according to a source…
From oil giants to banks: The companies making billions from the Iran war
Archie MitchellBusiness reporter As households across the globe count the costs of the US-Israel war in Iran, some companies have been counting bumper profits instead. The uncertainty sparked by the conflict, and Iran's effective closure of the…
Tourmaline Oil Corp. stock falls Thursday, underperforms market
Shares of Tourmaline Oil Corp. TOU shed 2.98% to C$64.86 Thursday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.37% to 33,856.62. Tourmaline Oil Corp. closed…
Oil and gas trade will never be the same after the Iran war
As insecurity persists in the Strait of Hormuz, the impact of the U.S.-Israeli war with Iran is likely to permanently reshape the international energy order. Even if peace were to emerge tomorrow—and few expect it will, particularly given…
Asia heat waves spell double trouble for economies hit by oil
Asia is grappling with a new threat to inflation on top of an oil shock as a looming El Nino brings soaring temperatures and dry weather to countries from India to New Zealand, driving up food costs. Inflation accelerated to multiyear highs across…
Gold And Silver Prices Surge As Oil Falls
Gold and silver prices are approaching their highest levels in months, a surge some analysts have attributed to falling oil prices, a softening dollar and hopes the United States and Iran will strike a deal to end the war. Silver prices surged…
US Stock Futures Fall, Oil Climbs on Iran Tensions: Markets Wrap
US stock futures fell in early Friday trading and oil rose as escalating conflict in the Middle East rattled investors and revived concerns about energy supplies. Contracts on the S&P 500 Index declined 0.2%, while those on the tech-heavy Nasdaq…
Oil supply shock to worsen as inventories fall further even if conflict ends
Oil supplies are set to tighten further in coming weeks even if the U.S. and Iran agree on a peace deal to end their war because it will take weeks for oil shipments to resume from the Middle East Gulf and reach refiners worldwide — so oil…
Outrage as oil giants profit billions from Iran war - The Latest
Shell has made $6.9bn in profits since the Iran war began, cashing in on soaring energy prices. The enormous profits have reignited calls for higher taxes on fossil fuel companies to fund support for those hardest hit by rising costs. Lucy Hough…
US oil blockade on Cuba 'energy starvation': UN experts
'Cuba has been subjected to energy starvation by the United States, a condition in which the lack of fuel cripples the functioning of essential services required for a dignified life,' the experts said in a joint statement. 'This unlawful blockade…
Asian Equities Fall, Oil Rises as U.S.-Iran Exchange Fire -- Update
There is 'a more risk-off mood, with sporadic media headlines leading to investor doubts about a solution' to the U.S.-Iran conflict, said Gavin Friend, senior markets strategist at National Australia Bank, in commentary. Stock markets across Asia…
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