The Latest Breaking News from Oil

French Energy Minister Agnès Pannier-Runacher said Saturday she was "stunned" after the oil cartel OPEC urged its members to thwart any deal targeting fossil fuels at the COP28 conference.

Guerrilla leader turned president says, faced with having to reduce consumption, upper classes fear ‘the barbarians are coming’

Negotiations over the future of fossil fuels heated up at UN climate talks on Saturday, with OPEC catching flak over the oil cartel's push to block any phase-out in the final deal.

Inaction and self-interest are built into climate summits. Instead, we need a voting system that can’t be subverted by fossil fuel producers, says Guardian columnist George Monbiot

A century-old territorial dispute is boiling over between neighbors Guyana and Venezuela

As he prepares to run for re-election in 2024, is President Vladimir Putin right to claim the worst is over for the Russian economy?

The United Nations Security Council took no immediate action at a closed emergency meeting requested by Guyana following Venezuela’s recent referendum claiming the vast oil- and mineral-rich Essequibo region that makes up a large part of its neighbor

As negotiators gather for the final week of a milestone climate summit, the gas lobby says Australia's sector is already years ahead on emissions reduction.

It was perhaps unavoidable that fossil fuels would take centre stage at this year’s COP28 climate negotiations, held in Dubai and presided over by oil magnate Sultan al-Jaber.

The Federal Trade Commission is investigating Chevron’s acquisition of Hess oil company, the second inquiry the independent agency has opened this week of a major oil industry merger

January WTI crude oil (CLF24 ) on Friday closed up +1.86 (+2.68%), and Jan RBOB gasoline (RBF24 ) closed up +0.0498 (+2.49%). Crude oil prices Friday rebounded from Thursday's 5-1/4 month low and posted moderate gains. Crude rallied Friday after better-than-expected U.S. economic reports on Nov payrolls and Dec consumer...