The Latest Breaking News from Oil

Environmental groups and farmers are worried about major environmental concerns about the impact of gas developments on the Lake Eyre basin.

National oil and gas conglomerate PTT Plc is pushing ahead with non-oil businesses, which are set to become a new source of revenue and keep the company in line with the global trend towards clean energy.

Two oil wells operated by Nigerian firm Eroton Exploration and Production Limited caught fire on Monday and were still burning on Tuesday after the company hired a contractor to try extinguish the fire, the agency responsible for detecting oil spills said.

With a new Alberta premier taking office in October and a general election required by the end of May 2023, fiscal policy may become a wedge issue between Alberta’s United Conservative Party and the NDP.

Police have arrested 54 people after environmental protesters blocked roads in central London. The Metropolitan Police said 54 protesters were arrested on suspicion of wilful obstruction of the highway on Tuesday during a fourth day of demonstrations in Westminster. They remain in custody at various police stations in the capital.Just…

YPF Luz, a division of the state-owned Argentine energy company YPF has begun an initiative to use residual gas to power Bitcoin (CRYPTO: BTC) mining.

The eco group has vowed protest action in Westminster for the entire month

Uganda police detained nine people protesting against a planned crude oil pipeline on Tuesday, in an escalating crackdown on critics of the project opposed by environmentalists, activists and European Union lawmakers.

U.S. stocks traded higher midway through trading, with the Nasdaq Composite climbing more than 250 points on Tuesday.

Demonstrations have been going on since the weekend.

LOS ANGELES — California is getting another reminder of the volatility of its energy supply as shutdowns at several oil refineries have sent gas prices soaring, including to all-time highs Monday in Los Angeles.