The Latest Breaking News from Oil

Saudi Energy Minister Prince Abdulaziz bin Salman said the current OPEC+ deal on oil output would be locked in until the end of the year. In an interview published by Energy Aspects, the minister said the oil group can't increase output based solely on initial signals. OPEC+ agreed in October…

Over the past year, most Global South countries adopted a position of studied neutrality on the war in Ukraine. Their self-interest over the principles of international law and stability ended up serving Russian interests and regional tyrants, but not their citizens, who comprise most of the world’s population.

The Abu Dhabi National Oil Company’s gas processing firm plans to sell 4% of its shares to local investors in the latest initial public offering to be made by a state-run energy company in the Middle East

Limiting how much coal countries can burn is considered an urgent priority for restraining global heating. After all, coal is the most carbon-rich of all fossil fuels and its combustion has contributed the most to planetary warming. For the first time in international talks, negotiators agreed to “phase down” coal…

The head of the Federal Energy Regulatory Commission that oversees the interstate transmission of natural gas, electricity and oil on Thursday would not say whether it will launch a formal investigation into soaring natural gas prices in California but did say the agency has assigned staff to examine whether any…

Russia rains missiles across Ukraine, striking its largest oil refinery, Kyiv says, while the head of the Wagner mercenary group predicts the long-besieged city of Bakhmut would fall by April.

Canada's Alberta province on Thursday offered to collaborate with the federal government to incentivize carbon capture utilization and storage (CCUS) investments, as long as Ottawa refrains from introducing climate policies that impact the oil and gas sector without Alberta's consent.

'While Centrica made £100 a second, British Gas hired debt collectors who force-fitted pre-payment meters - it's clear we need a windfall tax to put people before greed'

PTT Exploration and Production Plc (PTTEP) continues to increase its oil and gas production through the exploration of a new source of petroleum in Malaysia in cooperation with two Malaysian firms.

LOS ANGELES — A Los Angeles couple filed a lawsuit Thursday against a maker of a crucial oil used by fertility clinics, saying it was toxic and destroyed their embryos.

Resurgent global energy demand amid constrained supplies has created tailwinds for U.S. energy producers. Hence, it could be wise to invest in fundamentally strong energy stocks, Valero Energy (VLO), Marathon Petroleum (MPC), and Unit Corporation (UNTC), to make hay while the sun shines. Read on….