The Latest Breaking News from Oil

An agreement put forward by US mediator Amos Hochstein stipulated that Lebanon gain control over the Qana field in exchange for granting Israel full rights in the Karish oil field, well-informed sources in Tel Aviv said. The sources noted that most politicians in Lebanon have voiced support for this agreement,…

CMA review found ‘on the whole the fuel duty cut appears to have been implemented’

Oil prices edged slightly higher in volatile Asian trade on Friday, reversing earlier losses as the market weighed up the tight global supply concerns against recession fears. Brent crude futures rose 48 cents, or 0.5%, to $105.13 a barrel by 0630 GMT, after a near 4% rise on Thursday, Reuters…

Communities in Sydney's north find debris washed up on their beaches from the devastating flooding of the Hawkesbury River, prompting a warning for local residents.

The global oil price slump does not necessarily mean you will pay less to fill your tank.

The Federation of Thai Industries (FTI) has warned against further currency depreciation to 37 baht against the US dollar, claiming it would make life more miserable for businesses and households because of higher oil prices.

Inspired by tabbouleh, this recipe only needs a handful of ingredients. The secret is to use them smartly

Iraq’s oil minister said on Thursday the government will take steps to enforce a recent court decision to annul oil contracts the semiautonomous northern Iraqi Kurdish region made with international companies. The minister, Ihsan Abdul-Jabbar Ismail, told The Associated Press the deals, which circumvent the government in Baghdad, are illegal…

Iraq's oil minister says the government will take steps to enforce a recent court decision to annul oil contracts in the country's northern Kurdish region

Oil prices surged on Thursday, rebounding from steep losses the previous two sessions, as investors returned their focus to tight supply despite nagging fears of a potential global recession. Brent crude futures were up $5.39, or 5.4%, at $106.08 a barrel by 12:23 p.m. EDT (1623 GMT). US WTI crude…

For the duration of the war in Ukraine, we’ve received regular military updates from Frank Ledwidge, an expert in military strategy at the University of Portsmouth. A few weeks ago Ledwidge got in touch to say that he was moving temporarily to Kyiv, where he is a visiting fellow with…