The Latest Breaking News from Oil

OPEC+ agreed on Thursday to stick to a planned oil output hike this summer but avoided discussing policy from September onwards as prices have risen on tight supplies and worries that the group has little ability to pump more. The group, which comprises the Organization of the Petroleum Exporting Countries…

Oil prices eased on Friday as lingering fears of a recession demand weighed on sentiment, putting the benchmarks on track for their third straight weekly losses. Brent crude futures were down 20 cents, or 0.2%, at $108.83 a barrel by 0428 GMT, giving up earlier gains of over $1. WTI…

The govt. also slapped a ₹23,230/tonne additional tax on domestically produced crude oil to take away windfall gains accruing to producers from high international oil prices

Our reviewer Nina Craig got to try this silk curler with hair oil to try and get perfect, longlasting waves... but it didn't really turn out that way

The government's controversial plan to collect a windfall tax from oil refineries to support the dwindling Oil Fuel Fund may face a one-month delay because of legal complications in charging the new tax, says a source from a refinery company.

Ecuador's government and indigenous groups' leaders on Thursday reached an agreement to end more than two weeks of protests against the social and economic policies of President Guillermo Lasso which left at least eight dead, indigenous leaders said.

Americans with stock portfolios or retirement investment plans would likely prefer to forget the last six months

Saudi Arabia announced on Thursday a number of vital development projects that will be implemented in Yemen, reported the Saudi Press Agency. The Saudi Development and Reconstruction Program for Yemen will implement 17 projects, worth $400 million, that cover six sectors, including energy, transportation, education, water, health, and building state…

U.S. President Joe Biden on Thursday said he would see Saudi Arabia's king and crown prince during a visit to the country next month but that the purpose of his trip was not to press them to increase oil output.

Those first drops of blue, the earthy smell of soil, that vibrant look on trees and that grandeur of thunder and lightning, rainy season is truly a sight to behold. The only problem! Nature blooms with ravishing and radiant pride during monsoons, but our skin retreats to looking like a…

House Energy and Commerce Chairman Frank Pallone Jr. called on President Joe Biden to limit oil exports in response to high gasoline prices.