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 falls Tuesday, underperforms market
Shares of Imperial Oil Ltd. IMO slipped 0.08% to C$177.58 Tuesday, in what proved to be an otherwise all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.51% to 35,749.70. Imperial Oil Ltd.
Is This Ancient Amazonian Oil The Next Miracle Ingredient For Hair And Skin?
Xirü co-founder Daniela Botero with two of their cacay-based oils As an actress and model, Daniela Botero 's hair and skin were constantly going through the wringer. She was battling everything from rosacea to melasma to cystic acne, so she…
Oil prices are cratering on renewed optimism for a US-Iran peace
Oil market volatility continued on Tuesday, as prices plunged for a second day this week as a pause in the fighting held and hopes increased for the US and Iran to renew talks to end the war. Brent and US crude prices tumbled on Tuesday, extending…
Earnings tonic boosts FTSE 100 as oil falls back
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The FTSE 100 made strong progress on Tuesday, buoyed by…
Asian Stocks Eye Gains as Oil Offsets Chip Selloff: Markets Wrap
Asian stocks were mostly poised for gains after a three-day slide in oil prices boosted risk sentiment, while concerns over artificial intelligence spending continued to weigh on semiconductor shares. Equity-index futures for Hong Kong and…
Tokyo to boost financial support for overseas oil pipeline investments
The government is planning to expand its financial support to Japanese companies investing in pipeline projects overseas including the Middle East, as part of efforts to strengthen alternative oil and gas transportation routes in the Gulf region to…
Tullow Mulls Refinancing With Cheaper Debt After Oil Price Boost
Tullow Oil Plc is exploring a refinancing of debt it reworked earlier this year as improving fundamentals open the door to lower borrowing costs, according to people familiar with the matter. Any refinancing is more likely in 2027 provided Tullow…
Australia Doesn't Need a White Elephant Oil Refinery
It's not a great sign for a government-backed industrial project when the press release announcing it appears confused about why it's even being built. That's the situation with a proposed new oil refinery in Karratha, a remote corner of northwest…
Communications Services Up After Oil Price Slide - Communications Services Roundup
Communications-services companies rose as a slide in oil prices spurred demand for stocks sensitive to discretionary-spending levels. Shares of carriers T-Mobile US, Verizon Communications and AT&T rose by more than 1% even as traders dumped tech…
Oil Rises on Supply-Disruption Concerns Spurred by Iran's Surprise Missile Attack
2343 GMT — Oil rises in early trade on renewed supply-disruption concerns. Iran launched a surprise ballistic-missile attack on American forces in the Middle East, the U.S. military said, marking a sudden escalation after four days without…
Oil jumps as U.S.-Iran resume strikes after a brief pause
Oil rose sharply after Iran launched an attack on U.S. forces using ballistic missiles. Separately, the U.K. Maritime Trade Operations Centre reported 'suspicious activity,' in the Red Sea in a post on X. Anton Petrus | Moment | Getty Images Oil…
Big Oil profits are soaring while extreme heatwaves scorch the planet this summer
This summer, millions of people have felt the dire consequences of climate change as they faced extreme, record-breaking heat. And the Big Oil companies fueling those heat waves are seeing their profits soar, a new analysis finds. In the first…
Earnings tonic boosts FTSE 100 as oil falls back
The FTSE 100 made strong progress on Tuesday, buoyed by positive earnings and a drop in the oil price, which helped shrug off worries sparked by a chip sector sell-off in Asia. The FTSE 100 index closed up 89.27 points, 0.8%, at 10,871.02. The FTSE…
BGN Emerges as Key Trader in Kazakhstan's Crude Oil Exports
BGN, a little-known trading house with Turkish roots, has emerged as one of the top players in the market for Kazakhstan's crude oil exports. Run by Turkish businesswoman Rüya Bayegan, BGN has become one of the biggest merchants of…
Russia Drives Up Oil Flows Through Arctic to Maintain High Exports
Russia is driving up shipments of crude oil through the Arctic Sea, supporting Moscow's historically high rates of exports while slashing delivery times and helping to avoid any pitfalls from sailing through the Houthi-threatened Red Sea. The…
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