The Latest Breaking News from Oil

Live, rolling coverage of business, economics and financial markets as minister Heidi Alexander says problem was ‘isolated event’ after meeting under-fire head of Nats air traffic controller

There's a lot to love about timber worktops, but there are a few downsides I wish I'd known before choosing them

Ruling right-wing coalition votes to reverse ban, a move it believes will alleviate energy shortages and high prices

President Donald Trump announced that the United States has concluded a deal with Pakistan, centered around developing the nation’s “massive oil reserves.”

Sanctions said to target shipping controlled by Mohammad Hossein Shamkhani, son of top adviser to Iran’s supreme leader.

Soybeans collapsed into the lows on Wednesday, as contracts were down 13 to 14 cents across the nearbys. The cmdtyView national average Cash Bean price was down 16 ½ cents at $9.30 ¾. Soymeal futures are continuing their weakness, with contracts down $1.40 to $2.00/ton, with Soy Oil posting gains...

These two markets just hit new recent highs.

September WTI crude oil (CLU25 ) on Wednesday closed up +0.79 (+1.14%), and September RBOB gasoline (RBU25 ) closed up +0.0262 (+1.20%). Crude oil and gasoline prices on Wednesday extended this week's rally to 5-week highs. Signs of strength in the global economy are supportive for energy demand and crude...

The Environmental Protection Agency (EPA) hasn't signed off yet – but its proposal to cancel the 2009 "endangerment finding" marks a seismic regulatory shift. That finding has long served as the bedrock for standards on vehicle tailpipe emissions, methane limits from oil fields, and power plant pollution under the Clean…

Angola is one of Africa’s largest oil producers, but the country does not have enough refineries to meet domestic demand, so it imports diesel and gasoline at high prices.

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