The Latest Breaking News from Oil

Supporters of clean energy say they expect further battles ahead to prevent state’s progress in solar and wind from being unwound

Despite macroeconomic headwinds, strong global oil demand and constrained supply as Saudi signaled more output cuts could likely boost oil prices this year. Amid this, fundamentally strong foreign oil stocks BP (BP), Repsol (REPYY), and Ultrapar (UGP), currently trading at a discount, could be ideal investments. Keep reading….

Lindsey Oil Refinery owner completes strategic move

US president and UK prime minister announce plan to bolster economic security in response to China’s growing influence

Malaysia and Indonesia have signed agreements to end longstanding sea border disputes and vowed to bolster cooperation to fight “highly detrimental discriminatory” measures against palm oil

The Excise Department is investigating an allegation that one of its high-level officials tried to persuade police to let go of a truck carrying 15,000 litres of smuggled oil.

The Highway Police Division (HPD) will set up a committee to look into a recent attempt by a senior official at the Excise Department to lobby the HPD to avoid taking legal action against a tanker carrying illegal oil.

Ecotricity founder and Just Stop Oil supporter hits back at Tory attacks as Rishi Sunak claims ‘eco-zealots’ steering Keir Starmer

Rishi Sunak suggested Labour’s plans to end North Sea oil and gas exploration amounted to an ‘energy surrender’ which would benefit Vladimir Putin.