The Latest Breaking News from Oil

Ukraine Southern Operational Command says its forces have recaptured five settlements in the Kherson region

A Polish oil pipeline operator says that a leak was detected in a pipeline in Poland which is the main route through which Russian crude reaches Germany

European leaders are turning to Africa for more natural gas as they try to replace Russian energy amid the war in Ukraine

US Democratic Representatives have tackled the Saudi-US relationship, with Representative Adam Smith warning against launching vague and incomprehensible threats against Saudi Arabia. Earlier, White House national security spokesman John Kirby said President Joe Biden is willing to begin reevaluating the US-Saudi ties after the Kingdom and its oil-exporting allies announced…

WASHINGTON — President Joe Biden said there would be “consequences” for Saudi Arabia over the decision by OPEC+ to slash production, a move the administration says will benefit Russia by propping up oil prices.

President Joe Biden said Tuesday there will be "consequences” for Saudi Arabia as the Riyadh-led OPEC+ alliance moves to cut oil production and Democratic lawmakers call for a freeze on cooperation with the Saudis.

There are calls for better management of Launceston's Tamar River as the Environment Protection Authority works to contain an oil spill. It says the likely source is an abandoned tugboat, but that has been contested by the son of a former owner.

After the cartel said it would cut oil production by 2 million barrels per day starting next month, the White House said it's time to look at the longstanding partnership with Saudi Arabia.

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