The Latest Breaking News from Oil

OPEC+ announced an unexpected production cut that will likely give a further boost to oil prices bouncing off their recent lows

Australian shares rise to their highest level in three weeks, while oil prices surge after a surprise decision by Saudi Arabia and OPEC nations to cut production by more than 1 million barrels per day, and Scott's Refrigerated Logistics is now in liquidation.

As Canada's main oil-producing province Alberta prepares for an election next month, its combative Premier Danielle Smith is facing a series of controversies and resignations that could undermine support for her ruling United Conservative Party (UCP), political analysts say.

Turkey had stopped extracting oil from the Kurdish region to its Ceyhan port after Iraq won an arbitration case.

Many neurosurgeons practice each surgery before they get into the operating room based on models of what they know about the patient’s brain.

S&P Global Ratings has revised Oman’s outlook to positive and affirmed its ratings at 'BB', in light of improving fiscal performance. S&P said in its credit rating report on the Sultanate issued Saturday, that the revised outlook came as a result of the reform measures undertaken by the government in…

Iraq's federal government and the Kurdistan Regional Government (KRG) are close to striking a deal aimed at resuming northern oil exports, four sources familiar with the discussions told Reuters on Saturday. Türkiye stopped pipeline flows from the Kirkuk fields in northern Iraq's semi-autonomous Kurdistan region to its port of Ceyhan…

Campaigners say Rosebank, with a potential yield of 500m barrels, would seriously undermine legal commitment to net zero

Colleagues and students query role of Jody Freeman, who won prestigious research grant despite sitting on ConocoPhillips board