The Latest Breaking News from Oil

British banking giant HSBC announced Wednesday it will no longer finance new oil and gas fields as part of its updated climate strategy

The continent's vast oil reserves could spell trouble for the climate — and for Africans

Sir Mark Rowley said he is deeply concerned about the impact of Just Stop Oil demonstrations on policing in London.

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.