The Latest Breaking News from Oil

It comes as Labour is calling for a windfall tax on the soaring profits of oil and gas giants as customers' bills rise - a move which has not been ruled out by Rishi Sunak and Boris Johnson

Rising competition for many of the world’s important crops is sending increasing amounts toward uses other than directly feeding people. These competing uses include making biofuels; converting crops into processing ingredients, such as livestock meal, hydrogenated oils and starches; and selling them on global markets to countries that can afford…

The United Arab Emirates' long-ailing ruler, Sheikh Khalifa bin Zayed Al Nahyan, died Friday, the government's state-run news agency announced in a brief statement. He was 73.

Melissa Clark pairs spring’s best allium with zippy condiments and sauces

Vadim Shysimarin, a 21-year-old Russian commander of the Kantemirovskaya tank division, is charged with murdering a 62-year-old Ukrainian civilian

Shell made $9.1bn in profit, almost three times what it made in the same period last year, while Exxon raked in $8.8bn

Pre-open movers

It's out with the matte colour and in with the natural glossy lip look this summer - and this dupe has beauty fans going wild

Diesel is now at a new record high while petrol is back to the price it was before the Chancellor cut fuel duty

Saudi Aramco and Thailand’s PTT have signed a memorandum of understanding (MoU) to deepen energy cooperation in Thailand. The MoU targets the supply and trading of crude oil, petrochemicals, and liquified natural gas (LNG). It focuses on clean energy, carbon capture, and electric vehicles, and outlined potential collaboration across both…

The European Union's foreign affairs chief says the EU is giving Ukraine another $520 million to buy heavy weapons to fend off the Russian invasion