Oil Industry News
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OPEC Sees No Peak Oil Demand as Energy Security Beats Climate
OPEC continues to see no peak in global oil demand, forecasting “robust growth” as governments in the US, Europe and elsewhere prioritize energy security and affordability alongside climate goals. “The increased focus on energy…
Daily on Energy: Oil markets on edge, critical minerals, and Interior versus wind
Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for…
WATCH: Joe Biden brags about killing oil industry during appearance on 'Jay Leno's Garage' * WorldNetDaily * by Cristina Laila, The Gateway Pundit
Joe Biden bragged about killing the oil industry during an appearance on ‘Jay Leno's Garage.' In January 2025, in one of his last acts as president, Joe Biden permanently banned offshore drilling across 625 million acres of US ocean. This is…
The Oil Market Canceled The Hormuz Crisis - Even Before The Ceasefire
(Photo by Jonathan Raa/NurPhoto via Getty Images) “The great commodity-market mystery is deepening” – The Well, the Hormuz affair is wrapping up. Maybe. But what exactly have we learned, economically speaking? Something quite…
Oil Prices Continue Downward Trend - TT
A customer prepares to pump diesel fuel at this Madison, Miss., Sam's Club. (Rogelio V. Solis/AP/File) Oil prices continued their charge downward after the U.S. and Iran signed their initial agreement ending the war. Thanks to falling oil prices…
The Iran Deal Drives Oil Prices Down, But Uncertainty Looms
ISLAMABAD, PAKISTAN - APRIL 11: U.S. Vice President JD Vance (C) walks with Pakistan's Chief of Defence Forces and Chief of Army Staff Field Marshall Asim Munir (L), and Pakistani Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar after…
The Hole in Donald Trump's Venezuelan Oil Strategy
Jarrod Agen, the head of President Donald Trump's National Energy Dominance Council, was in a celebratory mood. Just after one o'clock on April 30th, he landed in Caracas, Venezuela, on the first direct commercial flight to arrive from the United…
These Optics While Joe Biden Brags About Efforts to Kill the Oil Industry Are 'the Ultimate Elitist Flex
Joe Biden is out of the White House and has been since January 20 of last year, but he still makes some occasional appearances. At this point we can't help but wonder if he (with Dr. Jill's help) plans to try and make life miserable this midterm…
Wave of Persian Gulf oil set to leave Asian refiners swamped
An impending wave of oil that's been trapped inside the Strait of Hormuz is set to be unleashed on Asia, which would suddenly swamp a region that had managed to make up for lost supply in recent weeks. Around 31 supertankers, capable of carrying…
Ex-Nigeria oil minister cleared in UK bribery trial
A former Nigerian oil minister has been cleared of taking bribes from wealthy oil executives in the form of luxury home stays and lavish spending sprees in the UK. Diezani Alison-Madueke, 65, was found not guilty after a trial at London's Southwark…
Deal Gives Iran Chance to Turbocharge Its Oil Revenue
The U.S.-Iran peace agreement includes a huge boost to Tehran 's oil industry, potentially restoring the regime's economic lifeblood while generating more than $60 billion a year of revenue. The memorandum of understanding allows Iran to sell oil…
Trump Says Iran Deal Critics Are 'Fools' As He Touts 'Record High' Markets And 'Tumbling' Oil Prices
President Donald Trump lashed out at critics of his deal to end the war with Iran early on Thursday while touting soaring stock markets and falling global oil prices, hours after both he and his Iranian counterpart signed a preliminary agreement to…
Oil falls as International Energy Agency forecasts supply glut next year after U.S.-Iran deal
Trump also reportedly said that he could resume attack on Iran if it failed to honor commitments. International Energy Agency expects a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next…
Imperial Oil Ltd. stock falls Wednesday, underperforms market
Shares of Imperial Oil Ltd. IMO dropped 2.29% to C$161.14 Wednesday, in what proved to be an all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.75% to 35,125.11. Imperial Oil Ltd. closed 16.0%…
Oil Prices Fall Amid Prospects of Fast Reopening of Strait of Hormuz
Senior U.S. officials who read the text of the interim agreement between the U.S. and Iran said the 'memorandum of understanding' would see Tehran reopen the strait after the U.S. lifts sanctions on Iran's oil sales. While the agreement was…
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