Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

marketwatch.com - Energy Up With Oil Futures - Energy Roundup
Energy Up With Oil Futures - Energy Roundup
MarketWatch

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…

forbes.com - Ian Dexter Palmer - The Fauci Testimony And A Link To Oil And Gas
The Fauci Testimony And A Link To Oil And Gas
Forbes

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…

theguardian.com - Dani Anguiano - Controversial California oil pipeline can continue to operate, judge rules
Controversial California oil pipeline can continue to operate, judge rules
The Guardian

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…

marketwatch.com - MarketWatch Automation - Tourmaline Oil Corp. stock rises Thursday, outperforms market
Tourmaline Oil Corp. stock rises Thursday, outperforms market
MarketWatch

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…

marketwatch.com - MarketWatch Automation - Imperial Oil Ltd. stock rises Thursday, outperforms market
Imperial Oil Ltd. stock rises Thursday, outperforms market
MarketWatch

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…

washingtonexaminer.com - Callie Patteson - Daily on Energy: Trump Team out on a limb with Hormuz oil traffic claims
Daily on Energy: Trump Team out on a limb with Hormuz oil traffic claims
Washington Examiner

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…

wsj.com - Oil Futures Fall on Likely Technical Correction
Oil Futures Fall on Likely Technical Correction
Wall Street Journal

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.

bloomberg.com - David Wethe - West Texas Oil Producers Pushing Power Demand 'Through the Roof'
West Texas Oil Producers Pushing Power Demand 'Through the Roof'
Bloomberg

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.…

bloomberg.com - Weilun Soon - Saudis Shuttle Oil North on Sinokor Tankers to Evade Houthis
Saudis Shuttle Oil North on Sinokor Tankers to Evade Houthis
Bloomberg

Shipowners including Sinokor Group are helping Saudi Arabian crude exit the Red Sea via the safer northern route, as Iran-backed militants target the kingdom's exports via the Bab el Mandeb chokepoint in the south. State-owned Saudi Aramco has been…

theguardian.com - Sarah Matthews - The best hair oils for glossy, healthy looking locks
The best hair oils for glossy, healthy looking locks
The Guardian

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…

click2houston.com - Mariana La Roche - Texas energy companies sign major oil deals with Venezuela
Texas energy companies sign major oil deals with Venezuela
KPRC

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…

bloomberg.com - Nariman Gizitdinov - Oil-Rich Kazakhstan Set For Elections as Tokayev Bolsters Power
Oil-Rich Kazakhstan Set For Elections as Tokayev Bolsters Power
Bloomberg

Kazakhstan is set to hold elections for a new single-chamber parliament as President Kassym-Jomart Tokayev continues a political shake-up that leaves open the prospect of extending his rule in Central Asia's largest energy producer. Seven parties…

upi.com - Joe Fisher - Oil prices jump 3% as Trump threatens 'economic warfare
Oil prices jump 3% as Trump threatens 'economic warfare
UPI

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…

washingtonexaminer.com - Brady Knox - Oil and economic news gives White House positive PR on Iran
Oil and economic news gives White House positive PR on Iran
Washington Examiner

“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…

bloomberg.com - Archie Hunter - Hamm's Continental Buys Half Of Mercuria's Argentina Oil Play
Hamm's Continental Buys Half Of Mercuria's Argentina Oil Play
Bloomberg

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.

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