The Latest Breaking News from Oil

Yevgeny Prigozhin, head of Russian paramilitary group Wagner, on Friday threatened to pull his fighters from the front line in Bakhmut in eastern Ukraine starting May 10, saying ammunition shortages meant they faced "senseless death". Russia has incurred significant losses in Bakhmut since starting its offensive there in August. Follow…

The sacred ceremony will take place on Saturday 6 May at 11am

The coronation will take place on Saturday 6 May 2023

A drone attack on the Ilsky oil refinery in southern Russia, the second in as many days, has caused a fire, TASS news agency reported on Friday, citing emergency services.

The Nagaland government has decided not to go ahead with signing any MoU with Assam on oil exploration before a final consultation is held with stakeholders and tribal bodies of the area, Deputy Chief Minister Yangthungo Patton said.

President Joe Biden is dispatching one his top advisers to Saudi Arabia to meet with Crown Prince Mohammed bin Salman, the de facto leader of the oil-rich kingdom

The Palang Pracharath Party (PPRP) on Thursday pledged to spur the country's economic growth with various projects, including injecting money into its old village fund, lowering energy costs and setting up a national energy resources organisation to handle natural gas and oil concessions.

These are not the profits of enterprise, endeavour and innovation – they are the spoils of Vladimir Putin’s illegal war in Ukraine, which has sent energy prices soaring

The oil giant raked in a record £7.6billion in the first three months of this year, or £986 every second, and showered ­shareholders with £4.8billion

Despite several forecasts of a possible recession throughout the global economy, Dexon Technology chief executive Mallika Kaekla believes her company's strategy to expand overseas would help drive income this year.

June WTI crude oil (CLM23 ) on Thursday closed down -0.04 (-0.06%), and June RBOB gasoline (RBM23 ) closed up +0.38 (+0.16%). Crude oil and gasoline prices Thursday settled mixed, with crude falling to a 5-month low. A stronger dollar Thursday weighed on energy prices. Crude oil prices also fell...