Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
President Trump touts oil and gas production in Texas visit
CORPUS CHRISTI, Texas (Nexstar) — President Trump touched down on Texas soil for the second time since returning to the White House. Trump visited the Port of Corpus Christi where he delivered remarks to applaud his economic and energy…
US moves to claim tanker and 2M barrels of seized Venezuelan oil
WASHINGTON (AP) — The Justice Department has filed a complaint to legally take ownership of a sanctioned tanker and nearly 2 million barrels of petroleum seized off the coast of Venezuela in December, another step by President Donald Trump's…
Tourmaline Oil Corp. stock rises Friday, outperforms market
Shares of Tourmaline Oil Corp. TOU rose 2.15% to C$64.04 Friday, in what proved to be an otherwise all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.47% to 34,339.99. Tourmaline Oil Corp.
Iran Strikes: What's at Stake for Oil Markets as Trump Attacks
President Donald Trump's decision to strike Iran creates new risks for a significant chunk of the world's oil supply. The Islamic Republic itself pumps about 3.3 million barrels a day, or 3% of global output, making it the fourth-largest producer…
Alberta projects deficit of nearly C$10bn, citing low oil prices
Nadine Yousif Senior Canada reporter Canada's oil-rich province of Alberta is forecasting a deficit of C$9.4bn ($6.9bn; £5.1bn), citing the costs of a rising population coupled with low oil prices. The once debt-free province called the…
First quarter indicates challenges for Texas oil and gas industry, rig counts down
(The Center Square) – As President Donald Trump touts economic and energy policies in Texas, the first quarter indicates ongoing challenges for the oil and gas industry. Rig counts are down and thousands of energy jobs have been eliminated…
Nymex Overview: Oil Futures Climb on Continued Tensions Between the US and Iran -- OPIS
Crude oil contracts were up at midday Friday on renewed concerns over U.S.-Iran tensions and as the front-month Brent, RBOB, and ULSD are set to expire at the end of the day. The NYMEX April West Texas Intermediate contract was up $1.27 at…
Oil Prices Have Been Rising Over Fears of Conflict
We won't know for sure how the attack is moving oil prices until Sunday evening New York time, when trading in Brent futures opens. The benchmark oil price has risen about 19% this year to just over $72 a barrel, mostly because traders thought a…
Diamondback Energy: The Market Is Still Underestimating This High-Quality Oil Opportunity
Diamondback Energy remains a Strong Buy, driven by robust execution, attractive valuation, and strong free cash flow despite oil price volatility. FANG projects a 4% production/share growth in 2026 and continued lateral and Barnett expansion.
US stocks sink and oil prices rise as worries about AI, inflation and war hit Wall Street
NEW YORK (AP) — U.S. stocks sank Friday as Wall Street kept punishing companies that could become losers in the artificial-intelligence revolution. A surprisingly discouraging update on inflation also hurt the market, while oil prices…
FTSE 100 hits high and oil jumps amid US-Iran tension
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 outperformed European and US peers on…
How will US strikes on Iran affect oil markets?
LONDON: The US strikes against Iran could severely disrupt the global supply of crude oil and send prices soaring to levels not seen in years. Iran remains just inside the world's top 10 oil producers even though its output has fallen sharply since…
How will US strikes on Iran affect oil markets?
could severely disrupt the global supply of crude oil and send prices soaring to levels not seen in years. AFP looks at the risks. Iran remains just inside the world's top 10 oil producers even though its output has fallen sharply since the 1970s…
United's stock and other airline shares get a reality check from rising oil prices, market jitters
United Airlines' stock was leading S&P 500 index decliners on Friday and heading for its worst drop in 10 months, with other airline stocks also seeing steep declines amid rising oil futures prices and increased market jitters. United shares UAL…
US moves to legally control tanker and 2M barrels of oil seized off Venezuela's coast in December
The Justice Department has filed a complaint to legally take ownership of a sanctioned tanker and nearly 2 million barrels of petroleum seized off the coast of Venezuela in December, another step by President Donald Trump 's administration to…
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