Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Liberty Energy Stock: The Oil Field Upcycle Has Been Forgotten (NYSE:LBRT)
Liberty Energy is upgraded to STRONG BUY, driven by undervalued near-term completions and long-term power business growth. LBRT's 34% share price decline creates a disconnect from improving oil field fundamentals and imminent completion…
US, Israel face threats of war if oil prices keep rising
High oil prices are going to be an issue over the next few weeks if they continue to stay above $100 a barrel. That is a clear challenge for the United States and also potentially for Israel in terms of keeping a lid on a renewed conflict with Iran…
Oil tanker carrying 2M barrels hit in Strait of Hormuz as Iran sends warning
A taker carrying two million barrels of oil has been the latest victim of the Iran war after it struck a mine and caught fire in the Strait of Hormuz. In a statement reported by state media, the Islamic Revolutionary Guard Corps said that the…
Trump waives sanctions on Russian oil, relief for India
US President Donald Trump has issued a significant waiver from sanctions under the Sanctioning Russia and Iran Act, a move with potential implications for global oil markets and India's energy security. US President Donald Trump issued a waiver…
Diesel, Midterms, Low Stocks: Why Trump Blinked On Russian Oil Sanctions
Low inventories leave the US more exposed to global oil shocks. Summary is AI-generated, newsroom-reviewed US President Trump waived sanctions on Russian oil imports days before they took effect on October 18 The waiver aims to lower US diesel…
Oil Prices Are Back Above $100. History Says the Biggest Stock Market Loser May Now Offer the Biggest Upside.
Oil prices have spent most of the past month hovering above $100 a barrel. The big driver, of course, has been the Iran war, which has sent crude, gas, and diesel prices soaring. For equity investors, the obvious trade might be to buy energy…
Alberta has the world's fourth-largest oil reserves and sends 90% of its crude exports to the U.S. - It will vote on a first step to leaving Canada
For decades, Alberta separatism was a fringe cause. On Monday, voters in Canada's oil heartland will decide whether to take the first step toward a referendum on leaving the country. Alberta, home to the world's fourth-largest proven oil reserves…
Bank of Canada Signals Higher Inflation Forecast as Oil Prices Surge
The Bank of Canada (BoC) is preparing to significantly raise its inflation forecast this month as elevated oil prices and ongoing Middle East tensions increase concerns about persistent price pressures, Governor Tiff Macklem said on Saturday. The…
SDCI: Commodity Rally Looks Strong, But Oil Risks Linger (NYSEARCA:SDCI)
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund is rated 'hold' due to oil exposure and potential price declines. SDCI's basket is over one-third oil, with monthly rebalancing favoring backwardation or minimal contango contracts. Despite…
Trump eases Russia oil sanctions, but is Europe still buying Moscow's gas?
United States President Donald Trump has signed an executive order waiving newly-passed Russia sanctions, claiming the move is in the US's “national interest”. Earlier this month, Trump also announced a deal to bring stocks of Russian…
Iran Links Strait of Hormuz Reopening to U.S. Withdrawal as Oil Climbs
Iranian army spokesman Brig. Gen. Mohammad Akraminia said the Strait of Hormuz would reopen if U.S. forces left the region, as concern about the key oil route accompanied Friday's market gains. Weekly gains were larger for West Texas Intermediate…
Microsoft Pitches AI for Africa's Oil, Gas and Mining Operations at African Energy Week
Microsoft set out its plan to speed AI adoption across Africa's oil, gas, utilities and mining sectors at African Energy Week 2026 on Oct. 12. Predictive maintenance was at the centre of the pitch. The approach links companies' enterprise data with…
Russia dispatches first oil tanker to international markets
MOSCOW — Russia has dispatched its first oil tanker to international markets following a supply agreement with the United States, Deputy Prime Minister Alexander Novak said Saturday. Speaking on the political talk show Solovyov Live, Novak…
Bank of Canada sees sharply higher inflation outlook as oil surges, Macklem says
OTTAWA, Oct 17 (Reuters) – The Bank of Canada expects to raise its quarterly inflation forecast significantly this month owing to persistently high crude oil and petroleum product prices, Governor Tiff Macklem said on Saturday. New…
Trump's Russia sanctions waiver: Relief for India's oil imports, but US still wields the stick
Trump has now signed an executive order waiving key Russia-related sanctions and tariffs under the law, citing US national interests. The waiver comes just days before key provisions were due to take effect. The executive order will remain in place…
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