Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Marco Rubio visits India to sell energy as Iran oil shock persists
Vikas Pandey and Nikhil Inamdar Delhi and Mumbai US Secretary of State Marco Rubio arrives in India on Saturday for a four-day visit amid geopolitical crosswinds and a global energy crisis triggered by the Iran war. Energy shipments through the…
Ukrainian drone attack triggers fire at a Russian oil terminal
Farmers collect fragments of a Russian missile that hit an agricultural field near the front line in the Kharkiv region, Ukraine, Friday, May 22, 2026. (AP Photo/Andrii Marienko) A Ukrainian drone attack caused a fire at another Russian oil…
Ukrainian drone attack triggers fire at a Russian oil terminal
A Ukrainian drone attack caused a fire at another Russian oil terminal overnight, local officials in Russia's Krasnodar region said Saturday, in what appeared to be the latest attack on Moscow's vital oil industry. Authorities in the city of…
Ukrainian drone attack sparks huge fire at key Russian oil terminal
A Ukrainian drone attack ignited a fire at another Russian oil terminal overnight, local officials in Russia 's Krasnodar region confirmed on Saturday, marking what appears to be the latest strike against Moscow 's vital oil industry. Authorities…
Imperial Oil Ltd. stock falls Friday, underperforms market
Shares of Imperial Oil Ltd. IMO shed 0.33% to C$183.89 Friday, 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 0.18% to 34,471.36. Imperial Oil Ltd.
Tourmaline Oil Corp. stock rises Friday, outperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.43% higher to C$67.23 Friday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.18% to 34,471.36. Tourmaline Oil Corp.
Ukrainian drone attack triggers fire at a Russian oil terminal
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Opinion: The oil price shock is far from over even if the U.S.-Iran ceasefire holds
Please log in to bookmark this story. Create Free Account In the digital age full of tech companies with market values matching the GDP of sub-Saharan countries, whose products and services are considered indispensable for everyday living –…
Are Equity Markets Underpricing The Oil Risk?
Are equity markets underestimating risks? Why we may be facing another major oil spike. The long-term investment implications of elevated oil prices. Oil volatility tied to the Strait of Hormuz may be signaling more than a temporary disruption.
SPDR Oil Gas ETF or Invesco Solar ETF: Which is the Smarter Energy ETF to Buy?
Energy investors often weigh the established cash flows of traditional carbon-based assets against the high-growth potential of the burgeoning renewable sector. The State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP +0.76%) and the…
US envoy says Greenland could relieve Strait of Hormuz oil pressure
Louisiana Gov. Jeff Landry (R), who is serving as President Trump's special envoy to Greenland, said Friday morning that the Danish territory could play a role in bringing down energy prices amid the Iran war after his “eye opening”…
The new-Fed-chair 'curse' and $100 oil are already testing Kevin Warsh - and the stock market
New U.S. Federal Reserve chairs have a rough tradition: The stock market almost always hands them a sharp correction during their first three months on the job. The pattern has held consistently since the 1930s. Kevin Warsh, freshly sworn in at…
Alberta Sees Oil Sands Deal on Carbon Project Within Two Months
Alberta expects to reach an agreement with oil companies on the deployment of carbon capture technology in the oil sands in the summer, the province's premier said on Friday. “I would hope it would be a matter of a month or two that we'd be…
Russia's Key Black Sea Oil Port on Fire After Drone Attack
Oil facilities in Russia's key Black-Sea port of Novorossiysk are on fire after an overnight drone attack, the latest in a series of hits on the country's energy infrastructure. Falling drone debris caused the fire at an oil depot in the port city…
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