The Latest Breaking News from Oil

CHANCELLOR Rishi Sunak is expected to cave into pressure and impose a windfall tax on the soaring profits of oil and gas companies.

Make the most of a great British ingredient

Chairman of Libya’s National Oil Company (NOC) Mustafa Sanalla held talks with General Manager of Eni North Africa Antonio Bolsari in Tripoli on Wednesday. Sanalla’s Advisor Bashir Grea, the General Manager of Legal Affairs Dr. Kalfallah Ibrahim and the Project and Maintenance Manager Najmi Karim attended the meeting. Several topics…

Windfall taxes have been used by Tory governments at least three times in the last 40 years

The United Nations Security Council will vote Thursday, at the request of the United States, on a resolution aimed at toughening sanctions on North Korea after it fired an intercontinental ballistic missile, diplomats said Wednesday. The United States, which holds the rotating Security Council presidency for May, has scheduled the…

Greece will send Iranian oil from a seized Russian-flagged tanker to the United States at the request of the US judiciary, Greek port police said Wednesday, a decision that angered Tehran. Last month the Greek authorities seized the Pegas, which was said to have been heading to the Marmara terminal…

The Group of Seven countries can spearhead the fight against climate change and accelerate a pivot away from fossil fuels by agreeing to phase out coal power generation, Germany's economy minister Robert Habeck said on Thursday.

PTT Oil and Retail Business Plc (OR), Thailand's largest oil and coffee shop operator by volume, is pushing ahead with its new vision to partner with startups and small and medium-sized enterprises (SMEs) over the next eight years to achieve rapid growth of non-oil businesses together.

The Biden administration says $33 million in infrastructure money will be used to clean up some 277 of an estimated 15,000 abandoned oil and gas wells on federal land