The Latest Breaking News from Oil

A freshly planted Guyanese flag flaps on the summit of a table-top mountain rising from thick forests in a remote region near the Venezuelan border.

The leaders of Guyana and Venezuela will meet this week to address an escalating dispute over the Essequibo region that is rich in oil and minerals

Recently discovered oil is transforming Guyana's fortunes. But neighbouring Venezuela has suddenly rekindled old claims of territorial ownership. Official Venezuelan maps now incorporate the disputed Essequibo region that covers two-thirds of Guyana, and Venezuelan oil companies have been ordered to start extraction. In a December 3 non-binding referendum, Venezuelan voters…

Starting next year, Germany will ban new oil or gas boilers from being installed in buildings. Instead, building owners must install heat pumps. But the country's electricity grid is already straining because of lack of investment, so the government has also given grid operators the ability to throttle heat pumps…

Simon Stiell urged countries to preserve the "highest ambition" to check warming at no more than 1.5 degrees Celsius above pre-industrial levels.

Asian shares are mixed after Wall Street reached a 20-month high ahead of a week that includes essential U.S. inflation data and a final rate decision of the year by the Federal Reserve

“Climate Crisis” only identifies the symptoms of oil and gas dependence. As time runs out, we need a term that focuses on what — and who — is to blame.

Many readers may be aware that it is currently the holiday of Chanukkah. And maybe you know that during this holiday, the Jewish people light a menorah (candelabra) with eight candles to remind us of a miracle: in ancient times, there was only enough oil to light a lamp for…

The government of Guyana, under pressure from neighboring Brazil and a Caribbean trading bloc, has agreed to join bilateral talks with Venezuela over an escalating territorial dispute