The Latest Breaking News from Oil

Lack of a state floodplain policy enabled oil companies to build in parts of Texas hit by an epic inundation less than 30 years ago.

The future of Nayara Energy’s refinery in Gujarat has come under a cloud after US President Donald Trump threatened to reimpose a 25% “penalty” if India does not curb its purchases of Russian crude oil. The renewed hardline stance from Washington has intensified uncertainty around the refinery’s operations and sparked…

Proposals by California, Hawaii and New York lawmakers aim to hold fossil fuel industry accountable for soaring rates

Full-year results expected to reveal weaker profits as company also faces investor pressure over climate U-turn

Hundreds of traders and customs clearance company owners have protested in central Baghdad to demand that Iraq's government reverse new customs tariffs

Britain is exploring military options to seize Russia-linked shadow fleet tankers, potentially opening a new front against Moscow as its oil revenues decline. This comes after the US seized a similar vessel. While international law allows for challenging stateless ships, escalatory risks have so far prevented action, despite Royal Marines…

Shadow fleets are used to transport sanctioned oil around the world

Capture of rogue ship could open a new front against Moscow at a time when Russia’s oil revenues are tumbling

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