Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Tourmaline Oil Corp. stock rises Wednesday, outperforms market
Shares of Tourmaline Oil Corp. TOU advanced 2.87% to C$62.62 Wednesday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.56% to 32,571.55. Tourmaline Oil Corp.
Oil is Trump's weapon of mass coercion, and Europe is his next target
Set aside green idealism: Oil and gas will shape global affairs for decades. President Trump exposed this reality by bending international norms beneath the crude logic of energy markets. After the capture of Nicolas Maduro, Trump declared that…
In a Mississippi Bayou, Venezuelan Oil Is Already Big. And Could Get Bigger.
When American forces grabbed Venezuela's president last month and laid claim to the country's vast oil reserves, it quickly reverberated in the coastal city of Pascagoula, Miss. Pascagoula is home to a Chevron refinery that's one of a handful in…
As US toughens stance, how exposed is China to Iranian and Venezuelan oil?
China's discounted crude purchases are coming under strain as the United States tightens its stance on Iran and Venezuela, with analysts warning that more refineries may have to turn to higher-priced barrels from Canada, Brazil and the Middle East.
Oil prices climb 3% as market awaits US-Iran talks
NEW YORK: Oil prices surged about 3% on Wednesday after a media report suggested planned talks between the United States and Iran on Friday could collapse. Brent futures settled US$2.13, or 3.16%, higher at US$69.46 a barrel, while US West Texas…
Refiner Eneos to expand oil-trading portfolio outside of Japan
Eneos Holdings plans to expand its team to handle more oil-derivative trading at its overseas offices including Singapore, as Japan's largest refiner looks to increase its presence at major trading hubs. The company intends to trade more oil…
Venezuelan expats who helped propel Canada oil sands growth see return home as unlikely
CALGARY, Feb 4 (Reuters) - Professional engineer Luis Cabana couldn't take a walk in downtown Calgary in the mid-2000s without someone he knew calling out to him in Spanish. Office towers in the corporate heart of Canada's oil and gas…
Mexican state oil firm Pemex invests to boost crude output
Feb. 4 (UPI) -- Petróleos Mexicanos, Mexico's state-owned oil company known as Pemex, announced Wednesday a $24.7 billion investment program to increase and sustain crude oil production under a plan presented by President Claudia Sheinbaum's…
Oil Fund Inflows Surge on US-Iran Tensions - TT
Gas flares burn from pipes aboard an offshore oil platform in the Persian Gulf near Lavan island, Iran. (Ali Mohammadi/Bloomberg) An oil exchange-traded fund posted its biggest daily inflow since the pandemic as investors bet that prices will…
Did Big Oil Conspire to Kneecap the EV Industry?
Picture yourself in a parallel universe. The state of Michigan, home of America's auto industry, is a thriving hub for electric vehicles. They are not “a fringe technology or a luxury alternative” but rather “a common sight in…
Equinor Quarterly Earnings Decline as Oil Prices Slide
Equinor ASA reined in its share buyback after fourth-quarter profit missed analyst estimates amid a drop in oil and gas prices. The Norwegian energy giant will repurchase as much as $1.5 billion of shares this year, down from $5 billion in 2025…
'Art is almost like oil': Why banker Aig-Imoukhuede believes Africa's future wealth lies in its culture
CNN's Zain Asher chats with the Chairman of Access Bank Holdings Aigboje Aig-Imoukhuede about contemporary African art, the global spread of Afrobeats, and why the creative sector is integral to boosting Africa's economies.
U.S. Crude Oil Stockpiles Fall Amid Lower Production
U.S. crude oil inventories fell last week as a decline in production amid winter storm Fern partially offset a rise in imports, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude oil stocks…
Equinor Sees Giant Sverdrup Oil Field's Output Declining in 2026
Equinor expects oil output from its Johan Sverdrup oil field, the largest source of European supply growth in the last decade, to fall this year. Production will decline by somewhere between 10% and 20%, Chief Executive Officer Anders Opedal said…
Trump: Iran Should be Worried, Oil Jumps, Tech Rout Continues
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