The Latest Breaking News from Oil

OPEC+ will reportedly expand existing production cuts; oil prices are up as a major climate summit gets underway.

World leaders have gathered in Dubai for COP28 but can a climate summit in an oil state facilitate change?

Nearly 200 nations agreed Thursday to launch a fund to support countries hit by global warming, in a "historic" moment at the start of UN climate talks in the oil-rich UAE.

More than 400 oil and gas projects were approved globally in the last two years despite calls to abandon all new hydrocarbon development, new figures showed as the UN COP28 climate talks opened Thursday.

UAE’s Sultan Al Jaber calls to ‘proactively engage’ fossil fuel companies as part of the solution to climate challenges.

This year's United Nations climate summit is being held in the petroleum-dependent United Arab Emirates. Delegates began by approving a landmark fund to pay for climate losses.

The United Nations climate conference is underway in Dubai, and representatives from around the world will be confronting an extraordinary array of challenges over its two weeks. They carry with them some long-held – and new – grievances, and strong expectations.

As COP28 commences in Dubai, here is a look at the major outcomes of the UN’s last five COPs and where they stand.

The pressure to phase out of fossil fuels is mounting on the oil company chief who Thursday took over fragile international climate negotiations that opened in Dubai amid concerns about what some say is contradictory dual roles

The escalating crude oil prices, bolstered by robust global energy demand, could provide an impetus for operators to amplify oil and natural gas production, creating fruitful prospects for the energy sector players. Therefore, energy gems Liberty Energy (LBRT), Delek US Holdings (DK), and Precision Drilling (PDS) could be wise portfolio…

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