The Latest Breaking News from Oil

The energy sector remains buoyed on the backs of a tight supply due to geopolitical turmoil and rising demand due to China’s reopening. Therefore, investors could be wise to buy fundamentally strong energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), and Unit Corporation (UNTC) as they look well-positioned for long-term…

In Filipino homes, the smell that wakes up many families is not coffee brewing or bacon frying, but slices of garlic sizzling in oil

As Saudi Arabia continues to push for energy efficiency, rationalization of consumption, and adherence to sustainability standards, the Saudi Ministry of Energy vowed to hold accountable those who waste oil products, or transfer them to various facilities for the purpose of generating electric power without obtaining the necessary licenses. In…

As the West isolates Russian President Vladimir Putin, India has doubled down on buying Russian oil. India's prime minister calls his country's friendship with Moscow "unbreakable."

For three years now, energy security has been the most prevalent issue for the global economy. The world blames the high prices of oil and gas and accuses the sector of causing record-high inflation rates. Curbing high inflation requires increasing interest rates, which drags the global economy toward recession. Governments…

Iran denies Israel's accusation that Tehran targeted an Israeli oil tanker on Feb. 10, Iranian foreign ministry spokesperson Nasser Kanaani said on Monday. The captain of the Liberian-flagged Campo Square said on Saturday it had been lightly damaged by an airborne object on Feb. 10 while sailing through the Arabian…

Environment is front and centre at the annual festival this year, with events from Belfast to Derry

The world's economy and businesses have suffered from the Russia-Ukraine war over the past year, hamstrung by high energy prices, inflationary pressure and logistics disruptions.

Exclusive: Ukrainian economic adviser urges energy firms to heed deadline to halt trade of ‘Russian-origin oil products’