The Latest Breaking News from crude oil

Al Jazeera answers five key questions to better understand the effect of the EU and G7’s move.

Russia is one of the largest producers of crude oil, and it provides more than a third of Europe’s oil imports.

The $60 price cap on seaborne Russian oil agreed by Group of Seven nations and Australia is not serious and will do little to deter Russia from waging war in Ukraine, President Volodymyr Zelenskiy said on Saturday.

Ukraine’s foreign minister says 17 diplomatic missions have now received suspicious packages

NEW DELHI: India will continue to buy crude oil from anywhere in the world, including Russia, to meet its energy needs, a top official said ahead of EU restrictions on Russian oil kicking in.

APA Corporation (APA) has benefited from the higher crude oil prices this year, and its shares have gained more than 73% year-to-date. Although crude oil prices have dropped from their highs, analysts seem optimistic about a price recovery considering the expected demand-supply dynamics. Given this backdrop, will it be wise…

Union members working on England’s roads have announced 12 days of strike action over Christmas and the new year, while US added 263,000 jobs in November

The unexpected oil crisis emerging from the oil embargo against Russia, the world’s second largest crude oil exporter, has piled pressure on energy prices, supply shortages, and economic recession worldwide. The renewable energy benefits are currently absorbed beyond their actual purposes to build growth of clean energy for a sustainable…

NEW DELHI: The government on Thursday slashed to less than half the windfall profit tax on domestically produced crude oil and also reduced the levy on diesel.