The Latest Breaking News from Oil

February WTI crude oil (CLG26 ) today is up +0.88 (+1.54%), and February RBOB gasoline (RBG26 ) is up +0.0192 (+1.13%). Crude oil and gasoline prices recovered from early losses today and are sharply higher after OPEC+ on Sunday stuck with its plans to pause an increase in the group's...

South American nation’s tar-like oil is what many Gulf coast facilities were built for but ramping up production to 3m barrels a day will be a long game

Ship changed its name and registered in Russia in apparent attempt to prevent possible US seizure near British Isles

Elon Musk signals support for Donald Trump's shock Venezuela invasion and capture of Nicolas Maduro by updating his X profile picture to the US flag.

Trump says he will bring in large US companies to fix Venezuela’s oil infrastructure, despite growing calls to end fossil fuels.

The price of U.S. crude oil gained 1% after U.S. forces captured Venezuelan President Nicolás Maduro in a weekend raid.

Delcy Rodríguez also developed strong ties with Republicans in the oil industry and on Wall Street who balked at the notion of U.S.-led regime change.

Donald Trump faces renewed health concerns after slurring his words during a Mar-a-Lago press conference on the Venezuela crisis. Critics label his tone 'garbled'.

Insolvency Service says 250 staff remaining at Lincolnshire site will be guaranteed jobs until the end of March