The Latest Breaking News from Oil

Indian purchases of Russian crude in defiance of Western pressure over the Ukraine war have fallen to an 11-month low as the price tag on the discounted oil rises, figures show.

Asian shares retreat as Wall Street slumps, but Tokyo bucks the trend with a 2% gain. Weaker yen lifts export manufacturers' stock prices. Oil prices rise.

February WTI crude oil (CLG24 ) on Tuesday closed up +1.47 (+2.08%), and Feb RBOB gasoline (RBG24 ) closed up +4.90 (+2.42%). Crude oil and gasoline prices on Tuesday posted moderate gains as they recovered about half of Monday's sharp losses. Supply disruptions to global crude supplies are underpinning oil...

The shattering of global annual heat records last year is prompting people to ask: what can be done

THE Scottish and UK governments must intervene to save the Grangemouth oil refinery from closure, an Alba MP has said.

The energy sector’s prospects remain solid amid escalating geopolitical tensions, resilient demand, and production cuts. In such a scenario, which energy stock, Marathon Oil Corp (MRO) or Energy Transfer LP (ET), is better suited for your portfolio? Keep reading to find out….

CLIMATE campaigners have criticised SNP plans to keep North Sea oil flowing for a decade after independence in order to tax the revenues as…

Defence Secretary Grant Shapps says UK must maintain 'formidable presence in face of attacks'

February WTI crude oil (CLG24 ) this morning is up +1.71 (+2.42%), and Feb RBOB gasoline (RBG24 ) is up +5.77 (+2.85%). Crude oil and gasoline prices this morning are moderately higher as they recover some of Monday's sharp losses. Supply disruptions to global crude supplies are underpinning oil prices...