Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Imperial Oil Ltd. stock rises Friday, outperforms market
Shares of Imperial Oil Ltd. IMO rallied 1.23% to C$163.29 Friday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.88% to 35,274.84. Imperial Oil Ltd. closed 14.8%…
Tourmaline Oil Corp. stock rises Friday, still underperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.20% higher to C$59.83 Friday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.88% to 35,274.84. Tourmaline Oil Corp.
DOJ investigating oil companies over manipulating gas prices
“Affordable energy is essential to a thriving American economy,” Associate Attorney General Stanley Woodward said in a statement. “The Antitrust Division is committed to working alongside state law enforcement partners to…
U.S. says it is monitoring oil markets for price-fixing as it urges states to do the same
U.S. antitrust regulators said Friday they are closely monitoring oil markets for potential price-fixing or market monopolization, and they urged state attorneys general to assist in investigating unlawful conduct. 'Recent volatility in crude oil…
Gulf oil exports jump in June on record UAE flows
By Ahmad Ghaddar, Jonathan Saul and Nerijus Adomaitis LONDON, July 3 (Reuters) - Gulf oil exports in June jumped more than 3 million barrels from May to exceed 10 million barrels per day as the U.S. military helped to keep oil flowing…
Big Oil heads for biggest profits in years as Trump pushes for lower gas prices
America's biggest oil companies are poised to post their strongest quarterly earnings in years — as President Donald Trump has been ramping up pressure on the industry to lower gas prices ahead of November's midterm elections. Exxon Mobil…
What is Nayara, the Indian firm Russia is reportedly importing oil from?
An Indian oil firm, Nayara Energy, has reportedly sold petroleum to Russia as Ukrainian attacks continue to target oil refineries across the country, triggering a fuel crisis. On Wednesday, industry sources told Reuters that at least 60,000 metric…
TotalEnergies Offers Iraqi Oil to Asian Buyers as Supply Swells
French oil major TotalEnergies SE is offering millions of barrels of Iraqi crude that can be promptly delivered to Asia, according to traders, adding to a market already brimming with supply. The offers by TotalEnergies should help accelerate oil…
Oil price 'may fall to $60 a barrel' as voyages through the strait of Hormuz jump - business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Hopes of peace in the Middle East have been pushing oil down in recent weeks, and there could be further falls to come! Analysts at…
Iraq, Turkey discuss protocol to keep oil exports flowing
An Iraqi delegation visited Ankara to discuss the future of the Iraq-Turkey pipeline agreement and energy cooperation, Iraq's foreign ministry said on Friday, adding that the two sides agreed to continue technical and legal talks on oil exports.
Prediction: This Oil Stock Will Beat the S&P 500 in the Second Half of 2026
Over the past several years, ExxonMobil (XOM +0.59%) has transformed itself into a lower-cost, higher-return business. In essence, it's just become a much more efficient company. Low-cost production in Guyana, disciplined spending, and the…
Russia's Oil-Port City on Black Sea Is Fast Running Out of Fuel
Novorossiysk, home to Russia's largest oil port on the Black Sea, is running out of road fuel, the latest fallout from a supply crunch spreading across the country as Ukraine continues attacks on key refineries. “Currently, no gasoline is…
Who are the partners behind a proposed new West Coast oil pipeline?
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Japan weighs first Iranian oil imports since 2019 under US waiver
Iran has begun talks with Japanese companies under a US sanctions waiver allowing it to resume oil sales, though prospective buyers are seeking a longer waiver and reassurances about ship safety, three Iranian and Western sources said. The waiver…
Putin Downplays Fuel Crisis As Ukraine Hits Over 50 Russian Oil Sites, War Rages On
Moscow: Despite severe fuel shortages across Russia, President Vladimir Putin appears unbothered by Ukraine's increasing attacks on his country's oil refineries. He has shrugged off the setback for one of the world's leading oil-producing nations…
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