The Latest Breaking News from Oil

OIL giant BP’s profit was more than half a billion pounds higher than expected in the first three months of the year as the business continued to…

The coronation will take place on Saturday 6 May 2023

India accounts for more than 70% of the seaborne supplies of the grade so far this month and China for about 20%

Party wants greater taxation on North Sea profits to fund freeze on council tax for cash-strapped UK households

The Government has been accused of giving these companies “generous and untargeted handouts” by Labour as millions struggle through the cost of living crisis.

June WTI crude oil (CLM23 ) on Monday closed down -1.12 (-1.46%), and June RBOB gasoline (RBM23 ) closed up +2.03 (+0.80%). Crude oil prices Monday settled lower. A rally in the dollar index Monday to a 1-1/2 week high undercut energy prices. Also, Chinese economic concerns weighed on crude...

Canada's main oil-producing province Alberta will hold its election on May 29, a vote expected to be a tight race between Premier Danielle Smith's ruling United Conservative Party (UCP) and Rachel Notley's left-leaning New Democratic Party (NDP).

June WTI crude oil (CLM23 ) this morning is down -1.34 (-1.75%), and June RBOB gasoline (RBM23 ) is down -0.16 (-0.06%). June Nymex natural gas (NGM23 ) is down -0.101 (-4.19%). Crude oil and gasoline prices this morning are moderately lower. Crude prices are under pressure from a stronger...

Many market participants remain bullish on the prospects for copper prices as Goldman Sachs and other analysts continue to call the red industrial metal the new crude oil. Copper is a critical input in green energy initiatives, boosting demand in an environment where inventories have declined, and new production will…