The Latest Breaking News from Oil

Plane carrying the WNBA star landed in San Antonio at around 5.30am ET on Friday morning

The Biden administration levied sanctions on Thursday on prominent Turkish businessman Sitki Ayan and his network of firms, accusing him of acting as a facilitator for oil sales and money laundering on behalf of Iran’s Revolutionary Guard Corps (IRGC). Ayan’s companies have set up international sales contracts for Iranian oil,…

Chinese President Xi Jinping meets with Arab leaders on Friday at "milestone" summits hosted by Saudi Arabia in a show of strength by Crown Prince Mohammed bin Salman as an aspiring leader of the Middle East and key partner for global powers.

Beijing and Riyadh say they will ‘firmly support each other’s core interests’ during an official visit by Xi Jinping.

SACRAMENTO, Calif. — There are worse things than being gouged at the gas pump. You could be shut out at a dry pump.

Vast stretches of permafrost are melting as the Earth’s polar regions warm, thawing ancient viruses and bacteria that had remained frozen for tens of thousands of years. Behind the lurid headlines about “zombie viruses,” there’s some fascinating science — and a warning.

President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing's goal to establish its currency internationally and weaken the U.S. dollar's grip on world trade.

Chinese President Xi Jinping signed a raft of deals with Saudi officials during a three-day visit to Riyadh as Beijing seeks to shore up its Covid-hit economy and as the Saudis, long-term US allies, push to diversify their economic and political alliances.

One more tanker took to 20 on Friday the number of vessels waiting in the Black Sea to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean, the Tribeca shipping agency said, amid talks to disperse the build-up. On Thursday, dismissing pressure from abroad over the lengthening queue,…

A Vietnamese oil service vessel rescued 154 people from a sinking boat in the Andaman Sea and has transferred them to Myanmar's navy, state media reported, a group that was confirmed by activists as minority Rohingya Muslims.

Saudi Aramco and Shandong Energy Group are exploring collaboration on integrated refining and petrochemical opportunities in China, the Saudi Arabian Oil Company said in a statement on Friday. The companies have signed a Memorandum of Understanding (MoU) which includes a potential crude oil supply agreement and chemicals products offtake agreement,…