The Latest Breaking News from Oil

Morgan Trowland and Marcus Decker used ropes and other climbing equipment to shuffle up the cables of the bridge, Basildon Crown Court had heard.

June S&P 500 futures (ESM23) are up +0.29%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.61% this morning after three major U.S. benchmark indices finished the regular session mixed as weaker-than-expected U.S. factory activity data tempered inflation concerns caused by OPEC+’s surprise plan to cut oil production.

Exclusive: UAE’s fossil fuel boss will be the president of Cop28, making a mockery of the summit, say campaigners

Fernando Blasi’s call reflects a sharp break from the opposition’s maximum pressure campaign of the past four years.

Iraq's federal government and the Kurdistan Regional Government (KRG) have reached a final deal to restart northern oil exports to be announced Tuesday, official sources told Reuters. A formal request has been sent to Türkiye to restart oil exports through an Iraq-Türkiye pipeline and "in the next few hours pumping…

Oil and economic experts confirmed that the voluntary oil production cuts taken by oil-exporting countries within OPEC+, starting May and continuing until the end of 2023, aim to achieve market balance. Mubarak Alhajeri, a faculty member at Kuwait's College of Technological Studies, explained that the cut had shocked global markets…

SACRAMENTO, Calif. — What's striking about passage of Gov. Gavin Newsom's legislation to penalize Big Oil's alleged greed is the sea change it represents in California policy.

OPEC+ announced they would cut oil output by 1.16 million bpd. Here's how to potentially profit from it.

Shares are mostly higher in Asia as investors watch for the latest moves by central banks