The Latest Breaking News from Oil

Oil cartel members reportedly agree to reduce output by a further 1.4m barrels, with oversupply a concern

Three years ago, NYMEX natural gas futures traded to the lowest price of this century when the energy commodity reached a two-and-one-half-decade low. In August 2020, the price exploded to a fourteen-year high. In June 2023, nearby natural gas is approaching the 2020 low as last year’s explosive rally imploded.

Lots of chippes are on sale as a result of higher costs

GMB union general secretary Gary Smith said

How to arrange and mix oils to make oil painting easier.

GMB general secretary Gary Smith called on the party to stop putting what was ‘popular’ ahead of what was right for the country.

A tanker transporting crude oil has broken down in a single-lane part of Egypt's Suez Canal, disrupting traffic in the global waterway.

India’s import of cheap Russian oil scaled another record and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the U.S., industry data showed. India took 1.96 million barrels a day from Russia, 15% more than the previous according to data from energy cargo tracker…

The major oil-producing countries led by Saudi Arabia and Russia are deciding whether to make more cuts to the amount of crude they supply to the global economy