The Latest Breaking News from Oil

Ecuador's Energy Minister Juan Carlos Bermeo resigned on Thursday, saying he had "completed a cycle," just as the country begins the process of renegotiating oil block contracts with private companies.

Growing supply disruptions due to the Russia-Ukraine war and COVID-19 lockdowns in China have propelled commodities prices sky high of late. That is why Wall Street analysts expect the stocks of fundamentally-sound commodity companies W&T Offshore (WTI), TransGlobe Energy (TGA), Weatherford International (WFRD), and Vale (VALE) to deliver solid returns…

Firms’ bleating would fade if sum is as little as £3bn, as models suggest, and levy is applied only rarely

They like to criticise, not help people, says Hardeep Puri

Analysis: Sunak hints Labour proposal ‘not off the table’ but criteria suggests very few firms would be penalised

It feels as if there has been an added whiff of danger about the conflict in Ukraine this week, which – for the first time since the Russian military crossed the border two months ago – threatens to go beyond Ukraine into neighbouring countries and, perhaps, Russia itself.

Taxpayer-backed British Business Bank’s Future Fund, set up to provide loans in pandemic, announces 75 new investments

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Despite a global boycott of Russia and an international condemnation of the Kremlin’s actions against Ukraine, some multinationals have dismissed demands to exit or scale down their presence in Russia for various reasons and choosing to continue business-as-usual.