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Cuba has run out of diesel and fuel oil, energy minister says, as US blockade pushes island to brink
Cuba has completely run out of diesel and fuel oil, the country's energy minister said on Wednesday, as Havana faces its worst rolling blackouts in decades amid a US blockade that has strangled the island of fuel. “We have absolutely no fuel…
EV Sales In Europe Jump With Oil Prices, But Long-Term Impact Unlikely
Iran oil industry concept, industrial illustration - growing graph on Iran flag background. 3D Illustration Electric vehicle afficionados are lauding the increase in sales because of the Iran war-induced increase in oil and natural gas prices, but…
TCW Adds Debt of EM Oil Exporters on War's Lasting Energy Impact
The oil shock from the Iran war is set to give a lasting boost to government bonds from energy-producing developing nations, according to Christopher Hays, whose fund at TCW Group Inc. is beating its benchmark and most peers this year. Hays has…
Tourmaline Oil Corp. stock rises Thursday, outperforms market
Shares of Tourmaline Oil Corp. TOU advanced 1.47% to C$66.35 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 0.67% to 34,268.27. Tourmaline Oil Corp.
Imperial Oil Ltd. stock rises Thursday, outperforms market
Shares of Imperial Oil Ltd. IMO inched 0.70% higher to C$181.62 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 0.67% to 34,268.27. Imperial Oil Ltd.
Watchdog groups urge Senate to investigate Samuel Alito over oil stock conflicts
The supreme court justice Samuel Alito, who owns stock in oil companies, may be violating court ethics codes by participating in certain cases that could benefit big oil, government watchdog groups say. In a Thursday letter, a coalition of watchdog…
Brazilian Oil Jobs Are at 16-Year High on Offshore Drilling Boom
Employment in the Brazilian oil industry has rebounded to the highest since the golden era of Petrobras's mega-projects in 2010. The buildout of offshore discoveries including Buzios has boosted investment and created a talent shortage in Latin…
Ghost Oil Tankers' Reversal Signals Venezuela's Long Road Ahead
Two so-called ghost tankers are returning their oil to Venezuela, highlighting the struggles the country faces as it tries to grow its beleaguered oil industry after years of illicit trading. The vessels Olina and Galaxy 3 are offloading their oil…
Nymex Overview: Oil Futures Ease Amid Trump-Xi Summit -- OPIS
Oil futures moved lower midday Thursday as markets monitored developments from the summit between President Trump and Chinese President Xi Jinping, and weighed ongoing constraints on tanker traffic through the Strait of Hormuz. As of 11:50 a.m. ET…
FTSE 100 shrugs off political drama as oil price dips
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 closed higher on Thursday as ongoing…
Loosening The Strait's Jacket: Oil Market Creative Destruction
The current oil and gas crisis, driven by the effective closure of the Strait of Hormuz, has disrupted roughly 10% of global supply, with uncertainty persisting but workarounds emerging too. Saudi Arabia is rerouting exports via its East-West…
Iran war and oil to dominate BRICS meet in India
Foreign ministers from the BRICS group of nations, including Iran and Russia, meet in India on Thursday, with the Middle East conflict and related fuel crisis set to dominate discussions. SCROLL TO CONTINUE WITH CONTENT India, which holds the BRICS…
Second Japanese Oil Tanker Passes Through Strait of Hormuz
The tanker is expected to arrive in Japan around late May or June, but details, including the vessel's route, cannot be disclosed for safety reasons, an Eneos spokeswoman said Thursday. The Eneos vessel is the second Japan-linked oil tanker to…
Oil Heads for Weekly Advance With Iran War Resolution at Impasse
Oil headed for a weekly gain as the crucial Strait of Hormuz remains effectively closed, with efforts to end the war in limbo and disruptions that have upended global markets set to linger. West Texas Intermediate edged toward $102 a barrel, with…
First Oil Tanker Loads at Kharg Island Since May 7, Maritime Group Says
Kharg Island, a tiny piece of land in the northern Persian Gulf, is the core of Iran's oil industry, storing and loading most of its crude oil exports. Treasury Secretary Scott Bessent said Thursday that Iran hadn't loaded any tankers at the island…
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