The Latest Breaking News from Oil

Oil depots were ablaze in both Russia and Ukraine on Wednesday as both sides escalated a drone war targeting infrastructure ahead of Kyiv's planned spring counter-offensive to try to end Moscow's all-out invasion. Scores of firefighters battled a huge fire that Russian authorities blamed on a Ukrainian drone crashing into…

Iran seized a second oil tanker in a week on Wednesday in Gulf waters, and the U.S. State Department called for its release, in the latest escalation in a series of seizures or attacks on commercial vessels in Gulf waters since 2019.

Biodiesel, a mix of diesel and palm oil-derived methyl ester used by cars with internal combustion engines, as well as used cooking oil that previously was deemed useless are now vying to change the aviation industry. The two oils can be processed to make sustainable aviation fuel, or SAF, a…

NAB passes on the Reserve Bank's full rate hike to its home loan customers, but only two of its savings accounts, while the Australian share market drops on renewed worries about the stability of the US banking system.

June WTI crude oil (CLM23 ) on Tuesday closed down -4.00 (-5.29%), and June RBOB gasoline (RBM23 ) closed down -11.47 (-4.50%). Crude oil and gasoline prices Tuesday sold off sharply, with crude posting a 5-week low and gasoline posting a 6-week low. Crude prices are under pressure on concern...

Growing calls for the government to close a ‘loophole’ in its windfall tax on oil and gas companies amid bumper profits

BP’s latest profits, between this January and March, were around £560millon more than analysts who follow the company predicted it would make

Amid increasing demand for oil and gas, the energy drilling industry is poised to maintain its positive growth trajectory. Given this backdrop, quality energy drilling stocks Patterson-UTI Energy (PTEN), Nabors Industries (NBR), and Precision Drilling (PDS) could be wise portfolio additions now. Read on….

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