The Latest Breaking News from Oil

Bernard Looney’s total pay packet increased from around £4.5m to about £10m

Iran and Saudi Arabia on Friday agreed to reestablish diplomatic relations and reopen embassies after years of tensions between the two countries, including a devastating attack on the heart of the kingdom's oil production attributed to Tehran.

Ruff and tumble

Bernard Looney’s bumper pay package follows annual profits of £23bn linked to soaring gas prices sparked by Russia-Ukraine war

Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about the prospect of steep interest rate hikes in the United States slowing economic growth and hitting fuel demand. Brent dipped 39 cents, or 0.5%, to $81.20 a barrel by 0745…

Three Just Stop Oil protestors are accused of causing more than £100,000 of damage when red paint was daubed on the Treasury.

NSW Treasurer Matt Kean says an independent candidate in the NSW election is a fake who deserves to have her T-shirts "smeared in black oil".

BBGI Plc, SCG Chemicals Plc and QTC Energy Plc have signed a commercial collaboration agreement to jointly develop and manufacture bio-based transformer oil in a production trial said to be the first of its kind in Thailand.

Svitlana Romanko travelled from her home in Ivano-Frankivsk, western Ukraine, to Houston, Texas before being denied entry to the event