Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Up With Oil Futures - Energy Roundup
Shares of energy companies rose alongside oil futures. Oil prices added 2.3% to close at $87.83 a barrel in New York, settling at the highest level since July. Oil is still down 22% from wartime highs but has now risen in 10 of the last 11…
The Fauci Testimony And A Link To Oil And Gas
Dr. Anthony Fauci testifies before the House Select Committee on the Coronavirus, June 3, 2024. Middle East Images/AFP via Getty Images Everyone remembers 2020-2021 when the Covid pandemic hit the world. The U.S. lost 845,000 people, many of whom…
Oil Firm regrets Trump-Greenland row overshadowing drilling project
An energy exploration company hoping to begin oil drilling in Greenland next year says U.S. President Donald Trump's threats to acquire the territory are overshadowing efforts to develop its resources. The British firm 80 Mile holds, through a…
Controversial California oil pipeline can continue to operate, judge rules
A controversial oil pipeline can continue to operate off the California coast after a judge gave it the green light this week, despite the opposition of state regulators and environmental groups. The system off the coast of Santa Barbara resumed…
Tourmaline Oil Corp. stock rises Thursday, outperforms market
Shares of Tourmaline Oil Corp. TOU advanced 1.49% to C$62.18 Thursday, in what proved to be an otherwise all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.10% to 36,365.42. Tourmaline Oil…
Imperial Oil Ltd. stock rises Thursday, outperforms market
Shares of Imperial Oil Ltd. IMO inched 0.44% higher to C$188.85 Thursday, in what proved to be an otherwise all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.10% to 36,365.42. Imperial Oil…
Daily on Energy: Trump Team out on a limb with Hormuz oil traffic claims
But for most market analysts, that's “utterly preposterous.” The two U.S. officials claimed this week that the U.S. military has been able to facilitate the transit of around 10 million barrels of oil a day through the strait via a…
Oil Futures Fall on Likely Technical Correction
2347 GMT — Oil futures fall on a likely technical correction after the futures rose for a fifth consecutive session on Thursday. However, losses could be limited by lack of progress in U.S.- Iran talks to reopen the Strait of Hormuz.
Oil Nears $100 as Trump's 'Economic D-Day' Raises the Stakes
Hormuz traffic remains near a standstill as Trump's 'Economic D-Day' campaign pushes Brent closer to $100. Transits through the Strait of Hormuz have been in single digits the entire week, with Trump's announcement of an 'Economic D-Day' campaign…
Why oil markets are ignoring Trump's 'truths'
Oil price changes in response to President Trump's social media posts about the Iran war have been shrinking over time, an Axios analysis shows. Why it matters: Oil price changes ripple throughout the U.S. and global economies, and the conflict has…
Oil prices steady on stalled talks over Strait of Hormuz - TT
Oil prices are essentially flat as the U.S. stepped up its economic threats toward Iran due to limited progress in talks between Washington and Tehran to open the Strait of Hormuz. U.S. markets pointed higher early Aug. 21 but for the first time in…
Current price of oil as of Aug. 21, 2026
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore…
Stock markets end flat as elevated crude oil prices cap gains
Market benchmark indices Sensex and Nifty ended flat on Friday, a day after registering a rebound, as elevated crude oil prices induced by geopolitical uncertainties and a sharp fall in the US markets made investors cautious. In a largely…
West Texas Oil Producers Pushing Power Demand 'Through the Roof'
Oil and gas producers' swelling power needs are hitting the West Texas region just as technology companies target the world's most productive shale basin for data centers, sending electricity demand soaring. The top boss at Diamondback Energy Inc.…
Global stocks close out a tough week as bond yields, oil stay high
By Dhara Ranasinghe and Wayne Cole LONDON/SYDNEY, Aug 21 (Reuters) - Global stocks were headed for a mostly lower week on Friday, as strain in global bond markets showed little sign of abating and the diplomatic deadlock in the Gulf lifted oil…
Receive a Daily briefing on Oil Industry News
Get Started