The Latest Breaking News from Oil

Colleagues on the platform reportedly said the dead man was discovered in a cabin with fatal injuries on Monday night. Another man, also believed to be Scottish, was injured during the incident.

Two Scottish men working on the Seafox Burj platform off the coast of Qatar have been allegedly murdered by their colleague in a mysterious tragedy

The incident is understood to have taken place on the facility in the country’s Al Shaheen oil field.

On 19 October, European Commission president Ursula von der Leyen announced that the EU had replaced two-thirds of its Russian gas imports since February by switching to other suppliers. Such a turnaround seemed unattainable last spring, when the invasion of Ukraine turned Moscow from an EU business partner into a…

Iraq, a top oil exporter battered by climate change impact, must diversify its economy and pursue a “greener growth model,” the World Bank said Tuesday. In a new report presented to authorities in Baghdad, the Washington-based institution said $233 billion must be invested by 2040 to allow Iraq to embark…

Beijing will soon supplant Washington as a dominant security partner ­– and the Arab world sees a chance for leverage.

OPEC on Tuesday said it expected to see robust global oil demand growth in 2023 with potential economic upside coming from a relaxation of China's zero-COVID policies, which this year have pushed the country's oil use into contraction for the first time in years. World oil demand in 2023 will…

Experts say the cold weather has increased the number of car breakdowns.

SET-listed Prima Marine, a provider of marine transport and crude oil and petroleum product storage, is expanding its fleet of vessels to serve growing demand for transport services in Southeast Asia.

The European Union and the United States are now targeting maritime protection and indemnity (PI) insurance clubs to limit Russian shipping capacity and cap the price of its oil, meaning we’re finally beginning to see some smart sanctions for a stupid war.

The company operating a pipeline that leaked about 14,000 bathtubs’ worth of crude oil into a northeastern Kansas creek is recovering at least a small part of it