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 After Iran Strike - Energy Roundup
Shares of energy companies rose alongside oil futures. Iran's surprise missile attack on U.S. forces in Jordan showed Tehran's military leaders would rather risk ramping up the war than play defense or accept a peace deal that would expose them to…
Imperial Oil Ltd. stock rises Wednesday, outperforms market
Shares of Imperial Oil Ltd. IMO rose 1.90% to C$180.96 Wednesday, in what proved to be an otherwise all-around rough trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 1.16% to 35,333.78. Imperial Oil Ltd.
Tourmaline Oil Corp. stock rises Wednesday, outperforms market
Shares of Tourmaline Oil Corp. TOU rose 2.38% to C$64.46 Wednesday, 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 1.16% to 35,333.78. Tourmaline Oil Corp.
Mooted WA oil refinery 'dinosaur technology' amid clean energy transition, experts say
Leading Australian climate policy experts say a new oil refinery in Western Australia would be an investment in “dinosaur technology” that would require public subsidy and do little to solve the country's fuel security. The Albanese…
Escalating US-Iran tensions push oil prices higher
Alex Jones, the former owner of InfoWars, on Tuesday said President Trump must be impeached over the Iran conflict, describing the situation as “absolutely out of control” and warning that the administration is preparing for a…
Consumer Cos Down on Oil Price Worries - Consumer Roundup
Consumer companies fell due to concerns about rising oil prices. Oil futures rose by more than 6%, triggering concerns about the impact on discretionary spending. 'That's geopolitical,' said Oliver Pursche, senior vice president at financial…
Why the USO oil ETF is a better buy than crude futures as the Iran war rages
Crude oil has seen a whirlwind of activity since the start of the U.S.-Israel war with Iran at the end of February, but through it all, the United States Oil Fund LP, the largest U.S. oil commodity exchange-traded fund, has outpaced gains in crude…
Oil prices jump up as US-Iran tensions escalate
Oil prices were back higher on Wednesday as U.S.-Iran tensions escalate again. As of late Wednesday afternoon, international benchmark Brent crude was trading at about $91 per barrel, up from as low as about $83 earlier this week. That price is…
Oil jumps 7% on escalating Middle East airstrikes
NEW YORK, July 29 (Reuters) - Oil prices climbed 7% on Wednesday as airstrikes resumed in the Middle East, adding to worries about dwindling supply as U.S. government data showed crude inventories fell to a multi-year low. Brent futures…
Trump says Burnham will 'open up the North Sea' for oil drilling
Prime Minister Andy Burnham has told Donald Trump that he would “open up the North Sea ” for oil drilling, the US president has said. During a White House briefing on Wednesday, Mr Trump claimed the UK would be “a really rich…
Markets Hold Back As Crude Oil Prices Climb
Stocks turn lower as Mideast conflict flares up. Investors await Microsoft and Meta reports after the bell. Fed expected to hold interest rates steady. This will be a heavy news day with a slew of earnings already released before the bell and…
U.S. Crude Oil Stockpiles Fall More Than Expected
U.S. crude oil inventories posted a bigger-than-expected drop last week as imports declined, exports rose and refineries took in more oil, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude oil…
Coffee with olive oil - the truth is revealed
In recent years, seemingly strange recommendations pop up from time to time, but they are usually not born out of nowhere. One of them is the recommendation to put a teaspoon of olive oil inside your morning coffee, sometimes accompanied by…
Donald Trump says Andy Burnham told him he will 'open up North Sea oil'
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. Donald Trump has said Andy Burnham told him that he was…
Oil prices rebound as pause in Iran war shatters - TT
This satellite image provided by Planet Labs PBC on July 27 shows smoke rising from the Saudi Aramco oil processing facility in Abqaiq, Saudi Arabia. (Planet Labs PBC via AP) Oil prices leaped after Jordan and the U.S. knocked down another Iranian…
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