The Latest Breaking News from Oil

ONS data measuring price indexes has shown that the cost of living crisis is almost at its peak

Libya resumed exporting crude oil from Es Sider port on Thursday, the oil ministry said on Thursday. Libya's Waha Oil Company resumed production at its fields with an initial capacity of 15,000 barrels per day, which is expected to reach 30,000 bpd by the end of the day, the ministry…

Saudi Arabia topped the GCC project awards, which improved during the year's second quarter despite global economic challenges caused by supply chain problems and higher oil prices primarily driven by the Russia-Ukraine conflict. Higher crude oil price was the most significant contributor to inflation numbers across countries, including in the…

Saudi Arabia's crude oil production grew to 10.538 million bpd in May, rising 0.9 percent from 10.441 million bpd in April.

Protesters block M25 in two locations including route to Heathrow Airport Terminal 5 and Dartford Crossing

Ukrainians seized on Turkish President Recep Tayyip Erdoğan's 48-second snub of Vladimir Putin after he arrived in Iran yesterday - a power play often employed by Russia's tyrannical leader

Climate change is stoking life-threatening heat and wildfires in Europe while tens of millions of Americans in the South, Southwest and Midwest broil under excessive heat this week. Much of California is under strict outdoor watering restrictions because of severe drought. But President Biden’s best hope for serious climate action…

OK, it’s happened, Iran says it can quickly build an atomic bomb if it wants, and thank you oh, so much ex-President Barack Obama for facilitating this achievement with a progressively inane deal throwing sanctions out the window while autocratically skipping a constitutionally required treaty process.

Saudi Foreign Minister Prince Faisal bin Farhan stressed on Tuesday the Kingdom's commitment to the stability of energy markets. The Minister said Saudi Arabia is focused on maintaining the stability of oil markets through OPEC+, asserting that dialogue within the group is very active and responds to the requirements of…