The Latest Breaking News from Oil

Iran and Venezuela on Saturday signed a 20-year cooperation plan, according to live coverage on Iranian state TV. The plan includes cooperation in the fields of oil, petrochemicals, tourism, and culture. The signing ceremony was held in North Tehran’s Saadabad Palace in the presence of visiting Venezuelan President Nicolas Maduro…

Recent threats of war by Hezbollah Secretary General Hassan Nasrallah over Israel’s oil exploration in disputed maritime waters have sparked a wave of criticism in Lebanon, especially with the arrival of a US mediator to Beirut to resume the border demarcation negotiations. In a radio interview, MP Marwan Hamadeh underlined…

With WA's policy of quarantining 15 per cent of gas for its local market bearing fruit, former rivals and premiers Alan Carpenter and Colin Barnett say the east coast gas crisis was avoidable.

After starting May at 1,667.44 points, the SET closed out the month back near the same level at 1,663.41. The first half of the month saw a fairly sharp downtrend to a low of 1,584.38. But this was followed by a solid rebound in the second half, peaking at 1,663.41…

Recap: World stocks fell on Friday as news of imminent rate hikes from the European Central Bank and concerns over upcoming US inflation data spurred fears over global economic growth.

NEW DELHI: India’s crude cost rose to $121.28 per barrel on Thursday, the highest since March 9, 2012 when it had hit $125.13. This has pushed the monthly average in June to $118.34 per barrel, a level last seen in April 2012 when the price averaged $118.64.

"Jacob Rees Mogg's comments are 'reckless'"

Two political veterans in their 70s are vying to be Nigeria's next president, promising pro-business policies to revamp Africa's largest economy by fixing its oil sector and curbing widespread security threats.

Don't feel like standing over a hot vat of bubbling oil? There are other ways to get crispy chicken