Oil Industry News

In a Mississippi Bayou, Venezuelan Oil Is Already Big. And Could Get Bigger.

When American forces grabbed Venezuela's president last month and laid claim to the country's vast oil reserves, it quickly reverberated in the coastal city of Pascagoula, Miss. Pascagoula is home to a Chevron refinery that's one of a handful in…

Refiner Eneos to expand oil-trading portfolio outside of Japan

Eneos Holdings plans to expand its team to handle more oil-derivative trading at its overseas offices including Singapore, as Japan's largest refiner looks to increase its presence at major trading hubs. The company intends to trade more oil…

Tourmaline Oil Corp. stock falls Tuesday, underperforms market

Shares of Tourmaline Oil Corp. TOU slipped 1.01% to C$60.87 Tuesday, 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 0.64% to 32,388.60. Tourmaline Oil…

Imperial Oil Ltd. stock rises Tuesday, outperforms market

Shares of Imperial Oil Ltd. IMO rose 3.87% to C$145.70 Tuesday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.64% to 32,388.60. Imperial Oil Ltd. hit a new…

Equinor Quarterly Earnings Decline as Oil Prices Slide

Equinor ASA reined in its share buyback after fourth-quarter profit missed analyst estimates amid a drop in oil and gas prices. The Norwegian energy giant will repurchase as much as $1.5 billion of shares this year, down from $5 billion in 2025…

Equinor Sees Giant Sverdrup Oil Field's Output Declining in 2026

Equinor expects oil output from its Johan Sverdrup oil field, the largest source of European supply growth in the last decade, to fall this year. Production will decline by somewhere between 10% and 20%, Chief Executive Officer Anders Opedal said…

Tech stocks are leading a fresh market sell-off as oil prices spike

The stock market was hit with a wave of selling on Tuesday as traders dumped some of the market's highest-flying tech names and reacted to a spike in oil prices. On the tech side, investors have been wary of high valuations for months, and are…

Why India Will Struggle to Reduce Its Reliance on Russian Oil

U.S. could issue general license for oil companies to produce in Venezuela this week, source says

The Trump administration could issue a general license this week allowing U.S. companies to pump oil in Venezuela, said a person familiar with the plan. Chevron is the only U.S. company currently allowed to pump oil in Venezuela under a special…

Oil prices extend gains on fears of escalating tensions in Mideast

TOKYO: Oil prices rose on Wednesday, extending the previous day's gains, after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tension…

Trump Looking at Issuing Licenses for Oil Production in Venezuela

Yesterday's big news was Trump's phone call with his 'dear friend,' Prime Minister Narendra Modi of India. It seems as if all the recent awkwardness and ill feelings over tariffs and Russian oil have been washed away in a flood of bonhomie, a true…

Russia oil, $500-billion target: Energy, security to shape Delhi's response

5 min read New Delhi Make us preferred source on Google Ahead of the meeting early Wednesday between External Affairs Minister S Jaishankar and US Secretary of State Marco Rubio in Washington DC, their first after the announcement of a trade pact…

Oil Rises Amid U.S.-Iran Tensions

0115 GMT — Oil rises in the morning Asian session amid U.S.-Iran tensions. The U.S. shot down an Iranian drone aimed at aircraft carrier USS Abraham Lincoln. This confrontation has raised worries of a further conflict between the U.S. and…

Revealed: Toxic old Iraqi oil barrels being sold as water tanks

This article first appeared on our partner site, Independent Arabia Haider, a father of three from a village in the rural area of Iraq known for its proximity to marshlands, stands beside a large blue barrel in his courtyard. “The cheapest…

Murphy Oil (MUR) Reports Results for Q4 2025

The share price of Murphy Oil Corporation (NYSE: MUR) fell by 4.75% between January 23 and January 30, 2026, putting it among the Energy Stocks that Lost the Most This Week. Murphy Oil Corporation (NYSE:MUR) is a global independent oil and natural…