The Latest Breaking News from Oil

U.S. President Joe Biden will discuss energy security with leaders of Gulf Arab oil producers during meetings in Saudi Arabia and he hopes to see more action by OPEC+ to boost crude output, the U.S. national security adviser said on Friday.

U.K.-based, West Africa-focused Tullow Oil Plc (OTCMKTS: TUWOY) kept its annual production guidance untouched after what the company called a robust first-half performance that met its expectations.

Whether Joe Biden’s first trip to the Middle East as president ends a success or a failure may hinge on what happens when he first locks eyes with Saudi Arabia’s crown prince

Rebutting Democrats' gaseous words on refiners' greed.

On Friday, Joe Biden will pay his first visit to Saudi Arabia as President of the US. The Biden trip is the latest twist in the saga of one of the most unlikely alliances in modern history.

Gainers United Maritime Corporation (NASDAQ: USEA) rose 55% to $3.41 in pre-market trading. United Maritime, on Tuesday, announced acquisition of four oil tankers and filed for stock offering on Wednesday.

The International Energy Agency has shared some radical new ideas in its 10-point plan for Britain to cut its reliance on oil as petrol prices have soared in the UK in recent weeks

From sky-high food prices to rising interest rates, here's why we're heading into recession — and what happens next

Trade relations between the United States and Saudi Arabia recovered from the pandemic's low levels in 2020, recording high exchanges of oil and non-oil goods in 2021. A report issued by the Washington-based Saudi-US Business Council indicated that total trade volume reached $24.7 billion, a 22 percent increase over 2020…