The Latest Breaking News from Oil

An inferno at Cuba's largest oil storage facility has killed at least one firefighter, injured many more, and threatens to further swell the fuel import bill for the impoverished island nation that relies on foreign oil for everything from transportation to its power grid.

Cuban authorities were still struggling Monday to contain a raging fire at an oil storage facility at the port of Matanzas, after new explosions spread the flames to other oil tanks, raising questions about the country’s disaster preparedness and its ongoing energy crisis.

Oil prices have declined significantly from their highs earlier this year. However, with supply expected to remain short of demand in the near term, analysts expect Brent crude to average above the $100 mark. Hence, we think it might not be wise to exit fundamentally strong energy stocks Valero Energy…

U.S. stocks pared gains toward the end of trading, with the S&P 500 and the Nasdaq turning lower on Monday.

The U.S. and Iran have just weeks to decide whether they want to revive their nuclear deal, after European Union diplomats presented parties with a final draft accord that could deliver a major expansion of Iranian oil exports to global markets.

LPG price increased only by 41.5% while Saudi Contract Price had increased by 207% from 2020 to 2022: Minister

A deadly fire that began at a large oil storage facility in western Cuba has spread after flames enveloped a third tank that firefighters had tried to cool as they struggle to fight the massive blaze

The styling oil is popular with shoppers - but is it worth the hype?

A third crude tank caught fire and collapsed at Cuba's main oil terminal in Matanzas, its governor said on Monday, as an oil spill spread flames from a second tank that caught fire two days earlier in the island's biggest oil industry accident in decades.

The ongoing war in Ukraine is placing a huge squeeze on international oil and gas supplies

Shopping writer Rachel Williams tries out Aldi's viral new Bonded haircare range which is said to be similar to the iconic Olaplex.