The Latest Breaking News from Oil

PARIS: The future of fossil fuels -- the leading source of planet-heating emissions -- will face scrutiny at UN climate negotiations Monday with an under-fire Emirati oil chief poised to step into the driver's seat.

VIENNA - Riyadh on Sunday announced a fresh oil output cut following a meeting of major producers aiming to prop up prices despite fears of a recession.

The U.S. Navy says its sailors and the United Kingdom Royal Navy came to the aid of a ship in the crucial Strait of Hormuz after Iran’s Revolutionary Guard “harassed” it

OPEC+ countries also agreed to extend oil production cuts they announced in April through the end of 2024, reducing production by more than 1 million barrels per day.

Labour leader pledges to get stalled projects operational to boost energy security, cut costs and create jobs

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.

A spokesperson for Egypt's Suez Canal says a tanker transporting crude oil broke down in the canal, briefly disrupting traffic in the global waterway

Exclusive: Labour pledge backed by 139 organisations including environmental groups, trade unions and Women’s Institute

An expert revealed there's a simple way to get rid of flies

Gary Smith of the GMB, a key Labour donor, says plan shows ‘lack of intellectual rigour’