The Latest Breaking News from Oil

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February WTI crude oil (CLG24 ) is down -0.08 (-0.1%), and Feb RBOB gasoline (RBG24 ) is down -0.0080 (-0.37%). Crude oil and gasoline prices today are seeing continued downward pressure from Wednesday's bearish EIA report and Thursday's news that Angola dropped out of the OPEC cartel. Crude oil is...

There are many milestones to pass in the transition from a high to low-carbon sustainable energy system. There is the first hour without coal, or oil, or gas generation (or all of them together) and the point when the last coal, oil or gas power plant (or all of them…

Global-Oil: Riding the waves of tension in the Red Sea, oil prices continue to rise, gaining 1% this week, keeping investors on the edge of their seats.

The Queensland government has banned new oil and gas developments in the Lake Eyre basin's rivers and floodplains, almost a decade after an election promise.

The company at the center of the settlement is called a “poster child” for state Oil and Gas Act reforms.

Due to consumer demand, crude oil can be a cyclical market. Cold weather brings on heating demand. Warmer weather brings on gasoline demand. Geopolitical factors often significantly impact oil prices that may or may not coincide with a seasonal pattern. Currently, it seems crude oil is experiencing all three of…

February WTI crude oil (CLG24 ) on Thursday closed down -0.33 (-0.44%), and Feb RBOB gasoline (RBG24 ) closed down -4.05 (-1.83%). Crude oil and gasoline prices on Thursday closed moderately lower. Crude prices were weighed down by negative carryover from Wednesday when the EIA reported an unexpected increase in...

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