The Latest Breaking News from Oil

The huge quarterly profit figure has led to critics claiming the profits are undeserved while many are struggling to heat their homes due to rising fuel costs.

Oil and gas company beats analysts’ forecasts, with profits reaching $5bn in first three months of year

The Government has been accused of giving these companies “generous and untargeted handouts” by Labour as millions struggle through the cost of living crisis.

June WTI crude oil (CLM23 ) on Monday closed down -1.12 (-1.46%), and June RBOB gasoline (RBM23 ) closed up +2.03 (+0.80%). Crude oil prices Monday settled lower. A rally in the dollar index Monday to a 1-1/2 week high undercut energy prices. Also, Chinese economic concerns weighed on crude...

Canada's main oil-producing province Alberta will hold its election on May 29, a vote expected to be a tight race between Premier Danielle Smith's ruling United Conservative Party (UCP) and Rachel Notley's left-leaning New Democratic Party (NDP).

June WTI crude oil (CLM23 ) this morning is down -1.34 (-1.75%), and June RBOB gasoline (RBM23 ) is down -0.16 (-0.06%). June Nymex natural gas (NGM23 ) is down -0.101 (-4.19%). Crude oil and gasoline prices this morning are moderately lower. Crude prices are under pressure from a stronger...

Many market participants remain bullish on the prospects for copper prices as Goldman Sachs and other analysts continue to call the red industrial metal the new crude oil. Copper is a critical input in green energy initiatives, boosting demand in an environment where inventories have declined, and new production will…

Bush’s infamously premature claim unraveled as combat escalated between Iraqi insurgents and occupying forces

You only need a handful of kitchen staples to create this spectacular dish with warmth and salty sweetness, says Prudence Wade