The Latest Breaking News from Oil

Saudi Arabia's Crown Prince Mohammed bin Salman announced Sunday the transfer of a 4% stake of the oil giant Saudi Aramco to Sanabil Investments, a subsidiary of the kingdom's Public Investment Fund (PIF). Experts interviewed by Asharq Al-Awsat said the move supports PIF’s flexibility in capturing local and global investment…

Thirteen years after the Deepwater Horizon explosion, documents shed light on the company’s response and ‘scorched earth’ legal tactics

Land managers in one of the top oil and gas producing states in the U.S. have plugged more than 200 inactive wells on state trust lands

DETROIT — Spencer Turnbull’s last start, in which he pitched effectively in Toronto and earned his first win since May 29, 2021, got lost in all the drama of the Javier Báez benching.

May WTI crude oil (CLK23 ) on Wednesday closed down -1.70 (-2.10%), and May RBOB gasoline (RBJ23 ) closed down -10.54 (-3.83%). Crude oil and gasoline prices Wednesday retreated and posted 2-1/2 week lows. A stronger dollar Wednesday was bearish for energy prices. Also, uncertainty over energy demand weighed on...

Many assume that big publicly traded oil companies and private individuals are primarily responsible for climate change. And there is some truth to this assumption.

A former vice president of Venezuela's state oil firm PDVSA was arrested as part of a widening anti-corruption probe looking into wrongdoing at the state company, a government official said on Wednesday.

Tailwinds in the energy sector brighten the prospects for energy producer PBF Energy Inc. (PBF). Let’s take a look at how the company’s key metrics could help the stock perform well….

Ukraine officials accuse Western energy companies of profiting from the war, and have ideas for how to fix it.