Oil Industry News
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Energy Up as Oil Futures Level Off -- Energy Roundup
Shares of energy companies rose as oil futures levelled off. New York-traded oil futures fell 65 cents, or 0.9%, to $73.21 a barrel after the U.S. lifted sanctions on Iranian oil. Iran and Oman said in a joint statement they were working on an…
Amid 2026 Energy Chaos, Oil And Gas Giants Prosper
The Hormuz blockade drained inventories, causing shortages of jet fuel and spiking gasoline prices in San Diego. What a frustrating time to be a giant oil and gas company. Somehow, despite President Donald Trump's war against Iran bringing about…
Trump Accuses Oil Companies Of Price Gouging And Warns Of DOJ Probe
President Donald Trump complained about elevated gas prices in the U.S. and accused oil companies of gouging customers in an overnight Truth Social post, signaling apparent frustration over elevated costs triggered by the Iran war despite…
Renewables To Squeeze Oil And Gas Imports In New Electric Age For Asia
Motorists wait to refuel their vehicles in Sri Lanka in March 2026. The Iran war has settled for an uneasy truce. But the price of oil will take months to fall to pre-war levels. Same for elevated prices of gasoline and diesel – not just in…
Oil extends decline as Trump accuses oil firms of 'gouging' consumers
Oil prices fell as concerns over disruptions to shipping through the Strait of Hormuz eased. Trump urged a DOJ probe into fuel prices, accusing oil companies of gouging consumers. More than 11,000 seafarers were cleared to transit the key oil…
Trump blasts oil companies for not lowering prices to consumers, accuses them of price gouging
President Donald Trump criticized “big oil companies” for not lowering prices for consumers, even though oil purchase costs have dropped. He accused oil companies of price gouging consumers, ordered the Department of Justice to…
Trump touts economy, oil prices
Trump's visit comes as his administration is facing economic headwinds. While the U.S. and Iran signed a memorandum of understanding (MOU) to continue nuclear talks and open the Strait of Hormuz, prices remain high, including at the gas pump.
Extra funding to expand scheme to retrain oil and gas workers for clean energy jobs
A total of £6million has been provided by both Westminster and Holyrood and will give current and former oil and gas workers living anywhere in Scotland specialist training support, if they wish to transfer their high-value skills into…
City of Los Angeles looking to phase out urban oil drilling
Los Angeles is taking a major step toward reinstating a citywide phase-out of urban oil drilling, with city leaders saying it's a fight that has been years in the making. Neighbors near oil drilling say they face noise, odors, truck traffic, health…
Trump touts economy, oil prices in Pennsylvania stop
President Trump touted affordability, investments and jobs Tuesday as he hit the campaign trail once again, this time in key swing state Pennsylvania. The president visited the Mack Truck facility in Macungie, a part of Pennsylvania's 7th…
CNBC Daily Open: Trump takes on big oil
Donald Trump targets big oil companies in an overnight post on Truth Social, blaming them for higher prices at the pump. Across Asia, technology stocks recover after the global tech rout triggered by Wall Street this week. Morgan Stanley limits…
China's Independent Oil Refiners Slash Runs to Nine-Year Low
China's independent oil refiners have slashed operating rates to a nine-year low, highlighting the lingering impact of the US-Iran war on the leading importer of Tehran's crude. Run rates at so-called teapots fell to 50.5% in the week to June 21…
Canada's Lobster Capital Is Trying to Become an Oil and Gas Giant Too
Sable Island, a crescent-shaped sandbar off the coast of Canada's Nova Scotia, brims with life — though not of the human variety. It's home to the world's largest breeding colony of gray seals, and its grassy dunes are the only place on…
Treasury yields dip as oil falls to pre-war levels
U.S. Treasury yields fell on Wednesday as Brent crude prices fell to levels not seen since before the Iran war began, and investors await key inflation data due to be released Thursday. The yield on the 10-year U.S. Treasury note, the key benchmark…
Oil Extends Drop as More Tankers Cross Hormuz After Peace Talks
Good morning. Oil falls and Donald Trump demands a DOJ probe into gasoline prices. New hedge funds use AI to challenge industry giants. And South Korea's SK Hynix seeks $29 billion in a landmark US listing. Listen to the day's top stories.
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