The Latest Breaking News from Oil

In his first speech to the nation since his election as president of Senegal, Bassirou Diomaye Faye said one of his first policy moves would be to audit the country’s oil, gas and mining sectors to root out corruption.

Live, rolling coverage of business, economics and financial markets as Fitch downgrades debt of parent of water company, saying default is likely

May WTI crude oil (CLK24 ) on Wednesday closed up +0.28 (+0.33%), and May RBOB gasoline (RBK24 ) closed up +0.20 (+0.07%). Crude and gasoline prices Wednesday settled moderately higher, with crude posting a 5-1/4 month high and gasoline posting a 7-month high. A weaker dollar on Wednesday was supportive...

May WTI crude oil (CLK24 ) this morning is up +0.75 (+0.88%), and May RBOB gasoline (RBK24 ) is up +2.56 (+0.93%). Crude and gasoline prices this morning are moderately higher, with crude posting a 5-1/4 month high and gasoline posting a 7-month high. A weaker dollar today is supportive...

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A Dutch court has begun hearing an appeal brought by Shell against a landmark 2021 ruling ordering the multinational oil giant to reduce its carbon emissions by 45 percent by 2030.

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India, the world’s third biggest oil consumer and importer, plans to build its first commercial crude oil strategic storage as part of efforts to shore up stockpiles as insurance against any supply disruption.

Bank of America raises 2024 oil forecasts due to supply constraints and geopolitical risks in response to evolving global energy landscape.