The Latest Breaking News from Oil

Report also warns that if investment in renewable energy is not hastened, it could put 17,000 local jobs at risk

The business sector has welcomed the government's latest decision to cut the diesel excise tax by 5 baht per litre for two months, claiming if diesel prices were left unharnessed, it would add to people's hardships and negatively affect the country's exports.

Burning oil, coal and other fossil fuels releases plumes of tiny, dangerous particles. A new study estimates that eliminating that pollution would save about 50,000 lives in the U.S. each year.

Conservative MPs to urge chancellor to tackle inflation with VAT cuts, energy bill support and improved benefits

Slovak Finance Minister Igor Matovic said on Tuesday he would propose a special tax on Russian crude processed in the country, clashing with a government coalition partner as he seeks to raise budget revenue for the state's anti-inflation measures.

Growing demand for basic materials across industries has been helping companies in this space benefit amid the supply disruptions and rising prices. So, it is wise to bet on quality basic materials stocks LyondellBasell (LYB), Olin (OLN), Chemours Company (CC), Westlake (WLK), and Alpha Metallurgical (AMR), which have gained significantly…

This year, Qantas announced two plans in direct conflict. In March, Australia’s largest airline group went public with the admirable goal of achieving net zero emissions by 2050 and a 25% reduction by 2030 by using new clean fuels, boosting efficiency and using carbon offsets. For the aviation industry, this…

A food wholesaler has warned that smaller, cheaper meals may be inevitable for the country's schools

Present day wolverines, which emerged during the ice age, have been declining globally despite their many adaptions to live in challenging, rugged environments.

Their budgets might be rich for now with petroleum cash. But, if tackling climate change cuts into that, will they tax residents more — or reduce public services?

Chancellor Rishi Sunak hinted the government could perform a U-turn in future, however, as he said “no option is off the table”