The Latest Breaking News from Oil

Government hopes to soon be able to announce measures for resolving outstanding criminal convictions, business minister Kevin Hollinrake says

Global oil prices take a hit, dropping over 1% as Saudi Arabia's price cuts overshadow concerns in the Middle East. A rollercoaster ride for energy markets.

Former Cop26 chair says bill reinforces ‘unfortunate perception about UK rowing back from climate action’

Rolling coverage of the latest economic and financial news, as Boeing shares fall after 171 of its 737 Max 9 aircraft are grounded by US regulators

Environmentalists condemn news of higher forecast production which is also seen as a conservative forecast

OIL from new licences granted to North Sea producers and sent to UK refineries would account for less than 1 of the fuels used here in 2030,…

Stock markets in Asia retreat as Wall Street experiences its worst week since Halloween. Oil prices fall due to Saudi Arabia cutting prices to Asian market...

Residents of Tiruvottiyur’s wards four and six who claim to be affected by the oil spill caused by the Chennai Petroleum Corporation Limited in December have alleged that they were not considered for compensation. The ward councillors said the compensation assessment, undertaken by revenue officials, has overlooked thousands of affected…

Azerbaijan's ecology minister and former oil executive Mukhtar Babayev was on Friday appointed to lead the United Nations' annual climate talks in a move that has sparked concern among NGOs and environmentalists who voiced similar worries over last year’s COP28 chair Sultan Al Jaber, chief of the United Arab Emirates’…

Climate Change Committee tells chancellor issuing new oil and gas licenses is ‘inconsistent’ with government’s temperature goals

The co-stars of Scorsese’s epic, based on the true story of murders of Native people in 1920s Oklahoma, talk about the key role of the Osage people in the film’s making