The Latest Breaking News from Oil

The annual parade for victory in the Second World War in Red Square marks an ominous milestone for Putin’s Russia, and the wider world.

Loeb’s Third Point Investors has been pushing for a break-up of Shell, calling its current business ‘confusing and unmanageable’

Saudi Arabia cut oil prices for buyers in Asia as coronavirus lockdowns in China weigh on demand, countering uncertainty around Russia’s supplies as the Ukraine war drags on. Aramco is expected to cut the official selling price (OSP) for flagship Arab Light crude to Asia in June by more than…

Iraqi Oil Minister Ihsan Abdul Jabbar has dropped a bombshell by acknowledging that no agreement has been reached with the Kurdistan Regional Government (KRG) over oil and energy, warning of a crisis erupting between Baghdad and Erbil. Last March, the Federal Supreme Court announced a binding and final decision for…

The state oil fund committee decided on Monday not to halve the subsidy for standard B5 diesel and continue capping the pump price at 32 baht per litre this week.

Russian bombing of a school sheltering civilians claimed 60 lives, Ukraine said on Sunday, as the G7 group of the west's leading economies reaffirmed their solidarity with Kyiv on the eve of Moscow's plans for a major celebration to mark the anniversary of allied victory in World War II.

NEW DELHI: Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency risks and the global market backdrop.

Australia is seeing increased demand for its liquefied natural gas and coal as war and sanctions upend energy supplies.

Under tightly controlled conditions, Celadon Pharmaceuticals’ site will initially focus on chronic pain treatments