The Latest Breaking News from Oil

President announces release of 15m barrels of oil from strategic reserve as he fights to keep gas prices in check before midterms. Plus, why spending time with strangers can make you happy

With Halloween just around the corner, I’m thinking about apples and cider. For this dinner, I add them to pork with a hint of rosemary for a Halloween treat. Charred sweet potatoes add a colorful side dish. They keep well; make extra to go with another meal.

Asian shares are mostly lower after Wall Street benchmarks fell, reversing course after two days of gains

US Joe Biden announced the release of 15 million barrels of oil from the US strategic reserve Wednesday as his administration seeks to lower prices ahead of next month’s midterm elections. He also announced a policy to restock the strategic reserve. High fuel prices are threatening are feeding voter anger…

Motorists have been urged to make beeline to the bowser to fill up with petrol with prices tipped to jump as much as 40 cents a litre.

Lavish US tax breaks are transforming the case for technology that traps and stores CO₂. Critics say it is still a green boondoggle

Woodside has reported a 70 per cent jump in quarterly revenue, while Santos said it had a record $US1 billion in free cashflow during the period.

About half of the CO2-equivalent caused by releasing methane in Australia comes from agriculture. The rest comes mainly from coalmines, oil, gas and waste

The Commerce Ministry plans to ask the cabinet shortly to approve the state-sponsored price guarantee scheme for palm oil farmers for the 2022/23 harvest season, while pledging to support crude palm oil exporters.