The Latest Breaking News from Oil

Russia's invasion has been a boon for U.S. oil and gas companies but might also help address the climate crisis.

The Consumer Council has published data on the average cost of 500 litres of oil for your home

Global south countries including China, South Africa and India expected to abstain. Plus, why Starbucks is putting virgin olive oil in coffee

Oil prices edged up on Thursday, after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassessed prospects for supply and demand. Investors in energy markets are weighing the prospects for China's reviving demand against tepid consumption in the United States and other…

Qantas the latest company to announce record profits, causing anger among some travellers and a Labor senator

Wayne Crossman, a firefighter deployed to the oil depot after the huge explosion in 2005, suspects firefighting foam contributed to his myeloid leukaemia

SACRAMENTO, Calif. — Nearly five months after Gavin Newsom initially called for a penalty on excessive oil company profits, the governor and lawmakers in Sacramento appear no closer to deciding how to prevent the kind of gasoline price spikes that Californians experienced last year.

Crude palm oil exports may reach 1 million tonnes this year, up from 919,000 tonnes last year, driven by a higher supply of oil palm and strong demand from India and China, according to the Commerce Ministry.

Industry lobbyists' well-funded referendum could sway voters with misinformation