The Latest Breaking News from Oil

LOS ANGELES — A year and a half after a ruptured oil pipeline sent thousands of gallons of crude gushing into the waters off Southern California, the legal blame game is starting to wind down.

The energy sector is well-positioned to witness considerable growth in the foreseeable future, driven by strong global energy demand amid recovering emerging markets such as China and constrained supplies. Energy producers and distributors Marathon Petroleum (MPC) and Camber Energy (CEI) should benefit from the tailwinds. But which of these stocks…

FMQS HAS once again been suspended by an oil and gas protester – prompting the Scottish Conservative leader to swear in exasperation.

DO Scots nowadays understand the immense potential of renewables outside their doors?

The vast majority of eligible households using oil, coal, LPG and biomass will not need to take any action.

The Saudi Arabian Oil Company (Aramco) has completed the acquisition of the Valvoline Inc. global products business (Valvoline Global Operations) for $2.65 billion, through one of its wholly-owned subsidiaries. With this acquisition, which follows the signing of an equity purchase agreement by the companies announced on Aug. 1, 2022, Aramco…

Global credit rating agency Moody’s has raised the Kingdom’s growth forecast to 2.5 percent for the current year from its last estimation of 1.7 percent, backed by moderate levels of debt and large financial reserves, in addition to its huge oil reserves. For next year, it has elevated the expansion…

The Princess Empress sank with 800,000 litres (210,000 gallons) of industrial fuel oil that is leaking into the sea.

A new partnership between Williams and Gulf Oil International was among the more intriguing Formula 1 commercial announcements of the winter.