The Latest Breaking News from Oil

February WTI crude oil (CLG25 ) Thursday closed down -1.36 (-1.70%), and February RBOB gasoline (RBG25 ) closed down -0.0357 (-1.65%). Crude and gasoline prices retreated Thursday on speculation that President-elect Trump will ease sanctions on Russian energy exports to facilitate a diplomatic accord between Russia and Ukraine. Crude prices...

Traditional energy commodities and ethanol moved higher in Q4 and 2024. U.S. natural gas futures led the sector on the upside in the year ending December 31, 2024. As the energy sector heads into 2025, the dramatic shift in U.S. energy policy could cause increased volatility over the coming months.

Doug Burgum, Donald Trump's pick for Interior secretary, promised to boost domestic energy through oil and gas leasing on federal land.

Bloc may ward off incoming president’s threats by buying more US goods, or impose its own tariffs in retaliation

U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive

British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.

Oil company to lose 5% of its staff in effort to cut costs amid shareholder worries over green energy strategy

After Goldman Sachs released its 2025 macro outlook report, a lot of traders started picking up on the new upside potential in oil names.

Oil ports on coasts in places like the United States, China and Saudi Arabia will be threatened by sea levels