The Latest Breaking News from Oil

RAIPUR: Approximately 25 students from a government school in Chhattisgarh's Kondagaon district, situated around 150 kilometers from the state capital Raipur, suffered burns on their hands from hot oil.

The November jobs report came out Friday morning. The Labor Department reported that 199,000 jobs were added last month, resulting in a 20-basis-point drop in the unemployment rate to 3.7%. The news should help Friday trading.

Oil cartel warns ‘pressure may reach a tipping point’ and that ‘politically motivated campaigns put our prosperity’ at risk

Given the sustained demand for crude oil and strategic production cutbacks by OPEC+, there's a potential for prolonged elevated oil prices. To seize this opportunity, one could consider adding resilient energy stocks Shell plc (SHEL), NuStar Energy (NS) and Summit Midstream (SMLP) to their portfolio for year-end profits. Read on….

January WTI crude oil (CLF24 ) this morning is up +1.58 (+2.31%), and Jan RBOB gasoline (RBF24 ) is up +0.0450 (+2.25%). Crude oil and gasoline prices this morning are moderately higher. Energy prices are climbing today after better-than-expected U.S. economic reports on Nov payrolls and Dec consumer sentiment reduced...

Georgina Mansergh, 24, reacted to sesame oil in a tahini sauce in the meal and collapsed at the Angel Inn in Ferndown

There is “no science” behind demands to phase out fossil fuels, according to the current COP president. This level of cynicism at the top of the annual climate summit makes it less surprising that the conference has also been used as an oil trading venue.

Thanks to boosted investment in renewables, coal has proven a far easier energy source to quit than oil and gas -- with a few exceptions -- in major economies.

The US air force has taken the unusual step of holding joint drills with Guyana as the United Nations scheduled an emergency meeting of the security council to discuss Venezuela’s threat to annex more than two-thirds of the oil-rich South American country.

New buildings must be zero-emission and have solar panels by 2030, and fossil fuel boilers to be banned by 2040

The Indian Oil Corporation Limited (IOCL) LPG bottling plant in association with The Hindu observed Vigilance Awareness Week-2023 at Government Primary School in Kadakola, on Friday.