Oil Industry News
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Energy Shares Rise as Oil Rally Resumes -- Energy Roundup
Stocks in the energy sector rallied alongside oil prices, as Brent crude rode nearly 5% to $103 a barrel. U.S. crude futures rose as the Pentagon sent a third aircraft-carrier strike group and more troops to the Middle East while President Trump…
Venezuela's oil is flowing faster than its democracy
Oct. 2 (UPI) -- When U.S. forces captured Nicolás Maduro in Caracas on Jan. 3 and flew him to the United States to face federal drug-trafficking charges, many Venezuelans hoped the country had turned a page. Nearly nine months later, the…
No lights and no radio: Getting oil through Hormuz is a risky job
The tanker captain summoned his years of experience when he saw the blast in front of him. He veered his 300-meter-long ship around the vessel ahead and could see a fire had started. He called the U.S. Navy to tell them of the attack. The maneuver…
Oil Slips But Supported by Sustained Middle East Tensions --Update
The Pentagon is sending a third aircraft-carrier strike group and additional Marine Corps ships to the Middle East, adding 9,000 to 10,000 more troops to the region as President Trump considers renewing strikes on Iran after the midterm elections…
Oil Edges Higher Amid Rising Mideast Tensions
0002 GMT — Oil edges higher amid rising Middle East tensions that could lead to supply disruptions. The Pentagon has deployed a third aircraft carrier to the Middle East, adding as many as 10,000 American troops to the region, according to a…
Asian Stocks to Fall on Oil Rally, Bonds in Focus: Markets Wrap
Asian stocks were set for a modest decline as oil surged on the prospect of renewed US-Iran conflict, reviving inflation concerns. Bonds will be in focus after Treasuries rebounded. Equity-index futures for Japan and South Korea pointed to losses…
Oil Prices Fall as Middle East Crude Exports Recover But Shipping Risks Remain
Oil prices fell Friday, giving back part of Thursday's gains as traders weighed recovering Middle East crude exports against renewed shipping risks and a larger U.S. military buildup in the region. December Brent crude futures fell 1.1% to $101.12…
Nobody Is Allowed To Put Cap On Sales: Oil Secy
The central government will direct private fuel retailers across the country to stop putting a limit on sales of diesel and petrol at retail outlets, Petroleum Secretary Neeraj Mittal said on Thursday. Indian private refiners Reliance Industries…
The Bond Rout Is Deepening Even as Oil Tankers Return to the Strait of Hormuz
The return of oil tankers through the Strait of Hormuz was supposed to bring down the price of crude, gasoline and diesel, taming inflation and lowering the world's borrowing costs. It isn't happening. Even as U.S. forces have worn down Iran 's…
Carney Puts Oil Pipeline at Center of Bid to Keep Alberta in Canada
TORONTO—Weeks before a referendum on Alberta's future in Canada, Prime Minister Mark Carney on Thursday sought to strengthen ties with the province by designating a proposed oil pipeline to the Pacific coast a “project of national…
Carney hopes an oil pipeline can help Canada fight a trade war
Jessica Murphy Canada digital editor Prime Minister Mark Carney has announced that Canada will fast-track the approval process for a 1,250km (775 mile) oil pipeline project to the Pacific coast. Carney argues the Pacific Link project is key to…
Crude oil exports from strait of Hormuz largely return to pre-war levels
Exports of crude from the strait of Hormuz have largely returned to levels seen before the outbreak of the Iran war, as oil producers and the shipping industry have found alternative ways of transporting crucial fuel out of the Middle East.
The Supermajor vs. the Shale Specialist: Is ExxonMobil or Devon Energy the Better Buy at $100 Oil?
ExxonMobil (XOM +0.66%) is one of the world's largest energy companies, with an asset portfolio that spans the globe. Devon Energy (DVN +2.43%) is a comparatively small energy company that produces only oil in the United States. They are basically…
ASX eyes gains after wild night on markets; Oil prices climb
More swings in the bond market are rattling stock markets around the world. On Wall Street, the moves were relatively modest after US bond yields cranked higher but then gave back the gains later in the day. The S&P 500 rose 0.3 per cent and was on…
Kiwi Tipped to Extend Six-Week Losing Run as Oil, Election Weigh
The New Zealand dollar is poised to cap its longest run of weekly declines since early 2025 as higher oil prices and the risks of a close election weigh on the currency, with market strategists warning of further losses ahead. The currency traded…
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