The Latest Breaking News from Oil

The Unite union attacked the Scottish Labour leader after he said the UK Government has not done enough for the workers at the oil refinery.

Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to "fundamentally reset" its strategy.

Harry Sargeant III, who has long sought to expand his energy dealings in Venezuela, was allegedly a key figure in facilitating negotiations

March WTI crude oil (CLH25 ) Monday closed up +1.32 (+1.86%), and March RBOB gasoline (RBH25 ) closed down -0.0008 (-0.04%). Crude oil and gasoline prices settled mixed Monday. Crude oil prices rallied as tighter US sanctions on Russian crude limited global oil supplies, allowing the largest Middle Eastern oil...

The recent oil price hikes have boosted the prospects of the energy market, making investment in oil & gas stocks a suitable choice. Thus, adding quality oil and gas stocks Obsidian Energy (OBE), Suncor Energy (SU), and VAALCO Energy (EGY), which are benefiting from rising energy prices, could be ideal…

Scott Mason IV, a former deputy energy secretary for Oklahoma and member of the Cherokee nation, is the new administrator for the region that covers Texas and four neighboring states.

Shadow environment minister Andrew Bowie pressed the Government on its plans for Rosebank and Jackdaw.

The UK chancellor, Rachel Reeves, has described so-called sustainable aviation fuel (SAF) as a “game changer”. As she announced government support for a series of airport expansions, she said that the fuel “can reduce carbon emissions from flying by 70%”.

March WTI crude oil (CLH25 ) today is up +1.16 (+1.63%), and March RBOB gasoline (RBH25 ) is up +0.0046 (+0.22%). Crude oil and gasoline prices today are moderately higher as tighter US sanctions on Russian crude limit global oil supplies and allow the biggest Middle Eastern oil producers to...