Oil Industry News
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Michigan lawsuit calls Big Oil a 'cartel' that's driving high energy bills
Get your news from a source that's not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. This story was originally published b y the Guardian and is reproduced here as part of the Climate Desk collaboration. Amid rising…
Canadian Crude Oil Market Flashes Signals a Supply Glut Is Forming
Canadian oil producers riding a boom from the expanded Trans Mountain pipeline are now grappling with increasing price discounts for near-term supplies, a sign that a supply glut is taking hold. Canada's flagship oil grade's discount has grown to…
Exxon, Chevron Want In as Trump Remakes Global Oil Market - TT
(Chevron by David Payl Morris/Bloomberg; Exxon by Andrew Harrer/Bloomberg) Exxon Mobil Corp. and Chevron Corp. are setting their sights on expanding production in nations tied to OPEC, including some of the world's riskiest geopolitical hot spots…
Who is Klint Kubiak? His rise from working oil fields to Seahawks OC and future Raiders coach
SAN JOSE, Calif. — Football coach or oil field worker? You might be surprised that Klint Kubiak chose the latter line of work soon after starting out on his own. The son of former Houston Texans and Denver Broncos head coach Gary Kubiak…
Venezuela Reformed Its Oil Law. Now What?
U.S. President Donald Trump's plan to parlay Washington's de facto control of Venezuela's economy into an oil industry renaissance has now melded with his notion to use Venezuelan crude to wean India off Russian oil. Neither is likely to come about…
Trump Is Remaking the Global Oil Market, and Exxon and Chevron Want In
Exxon Mobil Corp. and Chevron Corp. are setting their sights on expanding production in nations tied to OPEC, including some of the world's riskiest geopolitical hotspots, as President Donald Trump's assertive foreign policy helps them strike…
Tourmaline Oil Corp. stock falls Thursday, still outperforms market
Shares of Tourmaline Oil Corp. TOU dropped 0.57% to C$62.26 Thursday, in what proved to be an all-around rough trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 1.77% to 31,994.60. Tourmaline Oil Corp. closed…
Venezuela's Imports of Key Oil-Production Feedstock Edge Higher
Venezuela's imports of naphtha, a key feedstock for oil production, are ramping up as the US readies sanctions relief that would allow oil drillers and service companies to restart activities in the country.
India Will Continue To Buy Russian Oil
'No one can or will bar India from pursuing its energy goals as it wishes.' 'The FTA wording may sound more restrictive, but the underlying reality will not undermine India's sovereign energy decisions.' 'Deal with US does not automatically impose…
Nymex Overview: Oil Gains After Iran Sticks With Nuclear Enrichment in U.S. Talks -- OPIS
London-based April Brent was up by 85cts to about $68.40/bbl and May Brent was 80cts higher to $67.80/bbl. Both oil benchmarks finished almost $2 lower on Thursday on signs of easing supply risks ahead of the U.S.-Iran talks and news that…
J-Oil Mills 9-Mos Net Y2.56B Vs Net Y5.86B
J-Oil Mills Inc. (2613.TO) Japan Nine Months Ended December 31 GROUP 2025 2024 Revenue Y171.13 bln Y176.73 bln Operating Profit Y3.61 bln Y7.83 bln Pretax Profit Y3.95 bln Y8.17 bln Net Profit Y2.56 bln Y5.86 bln Per share Earnings Y77.33 Y177.26…
Oil Falls Amid Signs of Easing Supply Risks
0109 GMT — Oil falls in the morning Asian session amid signs of easing supply risks. Iran has confirmed it would hold talks with the U.S., allaying worries over U.S. military action that could threaten oil exports from the OPEC member, ANZ…
Saudi Arabia Cuts Flagship Oil Price to Asia for Fourth Straight Month
Top oil exporter Saudi Arabia cut the price of its crude for Asian buyers for the fourth consecutive month, signaling further caution as concerns that global supply will outstrip demand continue to weigh on global markets. State-owned oil giant…
Japan Oil Transportation 9-Mos Net Y1.02B Vs Net Y826.00M
Japan Oil Transportation Co. Ltd. (9074.TO) Japan Nine Months Ended December 31 GROUP 2025 2024 Revenue Y28.04 bln Y26.90 bln Operating Profit Y1.28 bln Y906.00 mln Pretax Profit Y1.52 bln Y1.12 bln Net Profit Y1.02 bln Y826.00 mln Per share…
Oil settles down on easing supply concerns
HOUSTON: Oil prices settled down almost 3% on Thursday in choppy trading, after the US and Iran agreed to hold talks in Oman on Friday, easing concerns about Iranian crude supplies. Brent crude futures settled down US$1.91, or 2.75%, at US$67.55…
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