The Latest Breaking News from Oil

December WTI crude oil (CLZ24 ) Wednesday closed up +0.31 (+0.46%), and December RBOB gasoline (RBZ24 ) closed up +0.0008 (+0.04%). Crude oil and gasoline prices recovered from 2-week lows and settled slightly higher on Wednesday. Short covering emerged in crude Wednesday after Russian President Putin and Saudi Crown Prince...

Azerbaijan's President Ilham Aliyev slammed the West's hypocrisy around emissions while hailing oil and gas as a "gift of God" during his opening remarks at COP29.

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Questions raised over influence after 1,261 business and industry delegates registered for biodiversity summit in Colombia

Carbon dioxide (CO₂) emissions from fossil fuels continue to increase, year on year. This sobering reality will be presented to world leaders today at the international climate conference COP29 in Baku, Azerbaijan.

Despite nations’ pledges at Cop28 a year ago, the burning of coal, oil and gas continued to rise in 2024

December WTI crude oil (CLZ24 ) Tuesday closed up +0.08 (+0.12%), and December RBOB gasoline (RBZ24 ) closed up +0.0073 (+0.37%). Crude oil and gasoline prices Tuesday recovered from 1-1/2 week lows and closed slightly higher. Mild short-covering emerged in crude oil Tuesday after the Bureau of Safety and Environmental...

António Guterres says global heating is super-charging disasters while climate official warns of ‘inflation on steroids’