The Latest Breaking News from Oil

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NEW DELHI: India has achieved nearly 10% ethanol blending of petrol months ahead of the target, a move that will spare consumers an additional Rs 2 per litre tax from October.

The dollars-and-cents counter on the gas pump seems to be spinning faster these days with U.S. gasoline prices hitting another record high on Tuesday

The Prime Minister was criticised after the Queen's Speech failed to provide any relief for families

Ukrainian President Volodymyr Zelenskiy said on Tuesday the European Union's planned sixth package of sanctions against Russia, including an oil embargo, was needed as the bloc's proposals still faced talks.

The Labour leader, who faced jibes in the Commons over the so-called Beergate affair, said the Government is ‘out of energy’.

The South Asian nation of Sri Lanka is experiencing an unprecedented economic collapse that has pushed the government into a deep crisis

Prime Minister Boris Johnson told MPs he and Rishi Sunak would be "saying more" about struggling Brits' rising bills - but Treasury sources immediately distanced the Chancellor from the move

As Europe attempts to abandon Russian energy, Greece is becoming a gateway for LNG because it is surrounded by sea.