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 alongside oil futures as the Strait of Hormuz remained largely closed. British oil major BP and the United Arab Emirates' XRG will explore a gas field offshore Venezuela, the latest sign of a tentative return to the…
Epsilon Energy: The Oil Pivot Still Needs Proof (NASDAQ:EPSN)
Epsilon Energy Ltd. transitions from a midstream microcap to an oil-weighted growth story post-Peak acquisition, but Q2 results raise concerns. Q2 saw production drop 13% QoQ, CapEx rise, and adjusted results turn negative, highlighting operational…
Tourmaline Oil Corp. stock rises Friday, outperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.07% higher to C$59.51 Friday, in what proved to be an otherwise all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.08% to 36,730.27. Tourmaline…
Imperial Oil Ltd. stock rises Friday, outperforms market
Shares of Imperial Oil Ltd. IMO inched 0.22% higher to C$185.14 Friday, in what proved to be an otherwise all-around down trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.08% to 36,730.27. Imperial Oil Ltd.
Two UAE oil tankers struck in Strait of Hormuz
“Targeting commercial shipping and using the Strait of Hormuz as a tool of economic coercion or blackmail represents acts of piracy by Iran's Revolutionary Guard Corps,” the UAE Foreign Ministry said, calling the attacks a…
Oil prices rally as global stocks retreat
By Chris Prentice and Amanda Cooper NEW YORK/LONDON, Aug 14 (Reuters) - U.S. and European shares fell on Friday and oil prices gained as markets monitored tense U.S.-Iran talks and digested new data that dented expectations for a Federal Reserve…
Africa's Oil and Gas Opportunity Is No Longer Just About Finding More Oil
Photo taken on March 25, 2026 shows vehicles getting refueled at a petrol station in Johannesburg, South Africa. Africa's oil and gas industry is entering a new investment cycle. But unlike previous periods of enthusiasm, the continent's…
US Threat to Boost Economic Pressure on Iran Unnerves Oil Market
Oil held this week's gain as traders weighed a US threat to impose unprecedented economic pressure against Iran. Brent traded near $87 a barrel, edging off highs reached earlier in the session but still up more than 4% for the week. Treasury…
Could Trump profit from the Iran oil windfalls he criticized?
President Donald Trump has railed against American oil companies for cashing in on soaring fuel costs since the launch of the Iran war in February, but the president has invested in the very firms he is now criticizing and may have benefited from…
Oil moves higher as U.S. threatens 'economic isolation' of Iran
Oil prices rose early Friday after the U.S. said its naval blockade of Iranian ports could continue 'indefinitely', reigniting concerns over energy flows through the critical Strait of Hormuz. Brent futures, the international oil price benchmark…
U.S. oil companies cut capital spending in shale basins - TT
A pumpjack operates in the Permian Basin near Midland, Texas. (Daniel Acker/Bloomberg) Major U.S. shale producers including Chevron, ConocoPhillips and Occidental reduced drilling and fracking spending while prioritizing shareholder returns, debt…
Oil prices climb on 2 tanker attacks in Strait of Hormuz - TT
Oil residue lines the shore near fishing boats on Qeshm Island, Iran, on Aug. 13 amid ongoing wartime attacks on vessels and infrastructure in and around the Strait of Hormuz, though the spill's source has not been independently determined.
Oil spill appears in Iranian waters off Oman
Two slicks have appeared in Iranian waters, satellite imagery and video verified by Reuters show, as tit-for-tat attacks on oil tankers and other vessels by Iran and the United States spark concerns about environmental damage to the Gulf. A…
Tankers go dark for longer to get oil out of Middle East - TT
Ship-tracking data shows Romania Prosperity idling in waters off Fujairah and Sohar in recent days, but a lengthy period when it had its transponder turned off makes it hard to know what it actually did. (Bloomberg) Supertankers increasingly…
Strait of Hormuz Crisis: UAE Accuses Iran of Drone Attacks on Oil Tankers, Oil Supply Faces Risk | Dynamite News
New Delhi: The crisis surrounding the Strait of Hormuz, one of the world's most crucial maritime energy routes, has intensified amid rising tensions in West Asia. The United Arab Emirates (UAE) on Friday accused Iran of targeting two oil tankers…
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