The Latest Breaking News from Oil

Crude oil prices jumped following US President Donald Trump’s announcement that he would impose 25% tariffs on Venezuela’s oil buyers. The West Texas Intermediate (WTI) futures at NYNEX rose 11% and the Brent futures at ICE were up 6.7% since their lows on 5 March.

Increase in pay package comes despite fall in profits and as oil company waters down pledge to cut emissions

THE oil and gas industry is "peddling a fantasy", campaigners have warned after bosses said the North Sea could produce about half of the…

Shares are mixed in Asia, with Chinese markets retreating, following a broad rally on Wall Street

In the modern business landscape, data is considered the new oil. With the help of skilled AI consultants, businesses can harness vast amounts of data and extract meaningful insights, becoming game-changers in their industries.

Industry body Offshore Energies UK made the claim in a new report.

The Greenland ice sheet makes up 80 percent of the world’s largest island. And, it’s melting thanks to human-caused climate change

President Donald Trump says he will place a 25% tariff on all imports from any country that buys oil or gas from Venezuela

May WTI crude oil (CLK25 ) Monday closed up +0.83 (+1.22%), and May RBOB gasoline (RBK25 ) closed up +0.0117 (+0.53%). Crude oil and gasoline prices on Monday settled moderately higher, with crude posting a 3-week high. Crude prices rallied Monday after President Trump announced a 25% secondary tariff on...