The Latest Breaking News from Oil

Union says oil refinery’s ‘strategic importance’ means talks about possible threats are urgent

Indonesian President Joko Widodo's approval rating has hit a six-year low amid dissatisfaction over soaring cooking oil prices and the perceived failure of an export ban to swiftly reduce the rising cost of goods, a new poll showed on Sunday.

Meanwhile, ministers have been resisting calls for a windfall tax on the profits of the energy companies which have been swollen by rising oil and gas prices

World leaders began descending on the United Arab Emirates on Sunday to offer condolences on the death of President Khalifa bin Zayed Al Nahyan, who was succeeded by his half-brother Sheikh Mohammed bin Zayed. Sheikh Mohammed, now ruler of Abu Dhabi emirate, steered the Gulf state, an OPEC oil producer…

Oil giant Saudi Aramco says its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and soaring oil prices following Russia’s invasion of Ukraine

Oil giant Saudi Aramco said Sunday its profits soared more than 80% in the first three months of the year. The state-backed company’s first-quarter earnings show a record net income of $39.5 billion, up from $21.7 billion during the same period last year. Already, resurgent economic activity and the relaxation…

Sheikh Mohamed bin Zayed is the third president of the United Arab Emirates and the driving force behind the country's modern policies. He is the third youngest brother to late President Sheikh Khalifa bin Zayed. In the past decade, he represented his country at various negotiations tackling several sectors, such…

If someone were to carry out an investment project in Qamishli, which is held by Washington's allies in northeastern Syria, and employed people from the "security square" affiliated with Damascus, would that be a violation of American sanctions? If someone were to carry out an investment project in Azaz in…

UK’s revival of old alliances in eastern Europe and Scandinavia to help deter Russia fuels new tensions with the EU as Northern Ireland row looms