Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Up as Oil Retreat Pauses - Energy Roundup
Shares of energy companies rose as a slide in oil futures halted. Oil prices rose 0.6% to $86.53 a barrel in New York, but are still down by 17% for November so far. Traders are awaiting signs of the U.S. exiting an unpopular war in Iran, and the…
HighPeak Energy: Oil Cut Rebounds In Q3 2026 (Rating Upgrade) (NASDAQ:HPK)
HighPeak's oil volumes increased by 2% quarter-over-quarter, helped by expanded workovers. HPK also increased its production guidance while expecting reduced lease operating expenses. Refinancing reduces annual interest costs by $50+ million, while…
Tourmaline Oil Corp. stock rises Wednesday, outperforms market
Shares of Tourmaline Oil Corp. TOU advanced 1.28% to C$64.75 Wednesday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.67% to 36,411.72. Tourmaline Oil Corp.
Brazil, Venezuela Vow to Upgrade Ties With Oil Investment Talks
Brazil's energy minister will visit Venezuela before the end of the year to discuss opportunities in the oil sector, potentially marking a new chapter in bilateral ties after years of strained relations. President Luiz Inácio Lula da Silva…
Analysts See Decline in U.S. Crude Oil Stockpiles
U.S. crude oil inventory withdrawals likely extended to a sixth consecutive week along with a decline in distillate stocks, while gasoline stocks are seen holding steady, according to a survey by The Wall Street Journal. Commercial crude stocks are…
Argentine lawyer mocks UK's sovereignty claim in Falklands oil case
Britain should not be permitted to act as a 17th-century colonial power treating the waters around the Falkland Islands as a Dominium maris Britannici, Argentina has told an international tribunal. Marcelo Kohen, representing Argentina at a hearing…
Consumer Cos Flat as Traders Weigh Oil, Rate Views - Consumer Roundup
Consumer companies were more or less flat as traders weighed the outlook for oil prices and Federal Reserve policy. British antitrust authorities warned that McCormick's proposed $65 billion acquisition of Unilever's food business could stifle…
Badenoch presses Burnham on Rosebank oil field and spending plans at PMQs
Lib Dem leader Ed Davey says politics has been affected by 'poisonous ideas' including the idea that people born and raised in England can't be English if they're not white. 'We must reject it, as the Conservative leader to her great credit has…
Badenoch presses Burnham on Rosebank oil field and spending plans at PMQs
Badenoch says Rosebank oil field is a political decision, not a quasi-judicial one, which Burnham just described it as. Why else, she says, did it take the Labour government two years to approve Jackdaw gas field while the foreign secretary was in…
Oil Rises as Middle East Risks Linger
0209 GMT — Oil rises in Asian trade. Prices have fallen recently on hopes of an end to the Middle East conflict, but U.S.- Iran negotiations remain deadlocked as both sides hold to key demands, ANZ Research writes, noting the impasse will…
Japan Oil Transportation 1H Net Y341.00M Vs Net Y507.00M
Japan Oil Transportation Co. Ltd. (9074.TO) Japan Half-Year Ended September 30 GROUP 2026 2025 Revenue Y18.36 bln Y17.89 bln Operating Profit Y295.00 mln Y630.00 mln Pretax Profit Y469.00 mln Y752.00 mln Net Profit Y341.00 mln Y507.00 mln Per share…
Oil Is Stuck in Limbo, With No More Iran War But No Peace
After Brent crude's 10-day decline of nearly 25%, it's tempting to say the market is pricing in peace. It isn't. Rather than anticipating that hostilities between the US and Iran are over, traders are foreseeing no immediate risk of a third round…
OPEC's Oil Production Nears Prewar Levels on Saudi Rebound
OPEC members boosted crude output toward prewar levels in October as alternative pipelines and other workarounds became a vital lifeline, allowing Saudi Arabia and other major producers to export more oil despite persistent threats to critical…
What's the Falklands oil project at the heart of latest UK-Argentina spat?
The United Kingdom has pledged to defend its interests in the Sea Lion project to develop an oilfield near the Falkland Islands, as Argentina has brought a legal challenge before a tribunal over the offshore oil exploration, citing environmental…
Middle East Oil Flows Far From Normal Despite Signs Of Oversupply
Middle Eastern crude exports have recovered to near pre-war levels, raising fears of an oil glut and pushing Brent down roughly 17% in five trading days. Record tanker rates and war insurance premiums remain a major burden, with crude transport…
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