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. Oil prices added 2.3% to close at $87.83 a barrel in New York, settling at the highest level since July. Oil is still down 22% from wartime highs but has now risen in 10 of the last 11…
The Fauci Testimony And A Link To Oil And Gas
Dr. Anthony Fauci testifies before the House Select Committee on the Coronavirus, June 3, 2024. Middle East Images/AFP via Getty Images Everyone remembers 2020-2021 when the Covid pandemic hit the world. The U.S. lost 845,000 people, many of whom…
Controversial California oil pipeline can continue to operate, judge rules
A controversial oil pipeline can continue to operate off the California coast after a judge gave it the green light this week, despite the opposition of state regulators and environmental groups. The system off the coast of Santa Barbara resumed…
Tourmaline Oil Corp. stock rises Thursday, outperforms market
Shares of Tourmaline Oil Corp. TOU advanced 1.49% to C$62.18 Thursday, in what proved to be an otherwise all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.10% to 36,365.42. Tourmaline Oil…
Imperial Oil Ltd. stock rises Thursday, outperforms market
Shares of Imperial Oil Ltd. IMO inched 0.44% higher to C$188.85 Thursday, in what proved to be an otherwise all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.10% to 36,365.42. Imperial Oil…
Daily on Energy: Trump Team out on a limb with Hormuz oil traffic claims
But for most market analysts, that's “utterly preposterous.” The two U.S. officials claimed this week that the U.S. military has been able to facilitate the transit of around 10 million barrels of oil a day through the strait via a…
Oil Futures Fall on Likely Technical Correction
2347 GMT — Oil futures fall on a likely technical correction after the futures rose for a fifth consecutive session on Thursday. However, losses could be limited by lack of progress in U.S.- Iran talks to reopen the Strait of Hormuz.
West Texas Oil Producers Pushing Power Demand 'Through the Roof'
Oil and gas producers' swelling power needs are hitting the West Texas region just as technology companies target the world's most productive shale basin for data centers, sending electricity demand soaring. The top boss at Diamondback Energy Inc.…
The best hair oils for glossy, healthy looking locks
Hair oil has become increasingly popular, with countless celebrities and influencers lauding its ability to smooth, protect and support hair growth. Some apply hair oil to their scalp, others to their strands; some apply oil to wet hair before…
Texas energy companies sign major oil deals with Venezuela
Houston, TX – Venezuelan government officials met with U.S. energy executives in Houston this week to sign two major oil investment agreements aimed at expanding crude production and mapping underground reserves, according to statements…
Oil prices jump 3% as Trump threatens 'economic warfare
Aug. 20 (UPI) -- Oil prices were up 3% Thursday after President Donald Trump 's threat to impose a 'crushing economic operation' against Iran. Trump posted that he offered Iran an opportunity to make an agreement with the United States which it…
Oil and economic news gives White House positive PR on Iran
“These maniacs are on the ropes, and these HISTORIC MEASURES will cripple them and their ability to project terror worldwide,” Trump said Wednesday in a Truth Social post. On Wednesday, a report from Axios citing two U.S. officials…
Hamm's Continental Buys Half Of Mercuria's Argentina Oil Play
Billionaire shale pioneer Harold Hamm's Continental Resources Inc. signed agreements to buy half of an Argentinian shale oil firm owned by Mercuria Energy Group, with the firms promising more than $4 billion of investment to expand production.
Mundhe urges people not to buy loose edible oil
Maharashtra FDA Commissioner Tukaram Mundhe has issued a stern warning to consumers against purchasing loose or unsealed edible oil, highlighting significant safety concerns and announcing a new compliance order to address widespread violations…
Is Trump's team using the media to manipulate oil markets?
The Trump administration on Wednesday appears to have leaked a story to its favorite Iran war stenographer at Axios that the military has created a secret shipping corridor out of the Strait of Hormuz, helping to escort 15 to 20 oil tankers through…
Receive a Daily briefing on Oil Industry News
Get Started