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 -- Energy Roundup
Shares of energy companies rose sharply alongside oil futures. Oil surged by more than 3% in New York after Iran attacked a vessel near Qatar, likely slowing oil shipments through the Strait of Hormuz once again. Hopes that Middle East exports…
Tourmaline Oil Corp. stock rises Thursday, outperforms market
Shares of Tourmaline Oil Corp. TOU rose 1.05% to C$63.22 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 0.30% to 35,145.38. Tourmaline Oil Corp. closed…
Imperial Oil Ltd. stock rises Thursday, outperforms market
Shares of Imperial Oil Ltd. IMO advanced 2.56% to C$174.74 Thursday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.30% to 35,145.38. Imperial Oil Ltd. closed…
Trump exempts NPRA oil exploration from NEPA
The Trump administration on Thursday announced it would exempt some Arctic oil and gas exploration activities from environmental reviews. © David W. Houseknecht, U.S. Geological Survey via Associated Press The Interior Department issued a…
Oil Eases, Asian Equities Mixed as Mideast Tensions Show Signs of Cooling
Iran has ramped up its attacks on commercial tankers seeking to transit the Strait of Hormuz in recent weeks, putting pressure on the U.S. to respond to the growing aggression. In a Truth Social post Thursday, Trump said, 'We will not be attacking…
Tesco stars but oil price gains keep stocks lower
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The FTSE 100 outperformed European peers on Thursday as…
Oil Eases, Asian Equities Mixed as Mideast Tensions Show Signs of Cooling -- Update
Iran has ramped up its attacks on commercial tankers seeking to transit the Strait of Hormuz in recent weeks, putting pressure on the U.S. to respond to the growing aggression. But the upward pressure on crude eased in a wake of a Truth Social post…
Money Quote: Trump's Latest Post on Iran and Oil
📣 'We are having productive discussions with the Islamic Republic of Iran. I want to make it clear to everybody that, while Iran is in very bad condition, both Economically and Militarily, and while the Blockade will remain in full force…
Crude Oil Surge Hits Oil-Sensitive Stocks
On Thursday, during intraday trading, shares of oil marketing companies, aviation firms, paint manufacturers and tyre makers fell by around 1-5 per cent. The decline was attributed to a surge in crude oil prices amid renewed concerns over supply…
Oil Edges Lower; Prices Likely to Remain High in Short Term
0143 GMT — Oil edges lower in early Asian trade but prices remain elevated. Oil prices are likely to remain at high levels and could rise in the short term, says Hani Abuagla senior market analyst at XTB MENA. There are risks to Middle…
Trump exempts oil exploration in Arctic petroleum reserve from environmental reviews
The Trump administration on Thursday announced it would exempt some Arctic oil and gas exploration activities from environmental reviews. The Interior Department issued a notice exempting wintertime oil and gas exploration in the National Petroleum…
U.S. Stocks Mixed as Oil Spikes, AI Profit Doubts Hit Tech -- Update
The Dow Jones Industrial Average rose 51.77 points, or 0.1%, to 51231.64. Meanwhile the S&P 500 fell 36.41 points, or 0.47%, to 7765.36, and the tech-heavy Nasdaq Composite slipped 345.35 points, or 1.25%, to 27193.34. It was the latest turbulent…
Resilient Middle East Oil Trade Learns to Live With Dangers of War
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, Asia Oil Trading Team Leader Serene Cheong explores how the energy industry has adapted to the threat of renewed attacks on shipping in…
Donald Trump says oil is at 'pre-war levels:' what the figures show
Donald Trump has said that oil flows have returned to their levels from before the Iran conflict, though the figures obscure important realities about global energy recovery from a seven-month war shock. On Wednesday evening, the president shared a…
Oil prices surge on worries of shipping attacks and Gulf of Mexico hurricane
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Oil prices have surged and government borrowing costs…
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