The Latest Breaking News from Oil

Judge suspends Petrobras chairman over conflict of interest, underscoring the importance of ethical governance in the oil industry.

Russian oil stranded on tankers due to Iran-related sanctions causing disruptions in global oil shipping industry.

US government increases fees for oil and gas companies on federal lands to promote sustainability and address environmental concerns.

Learn about the top 10 global players - United States, China, Russia, Germany, United Kingdom, France, Japan, India, Brazil, and Saudi Arabia.

US stocks plunged on Friday amid Middle East tensions, driving investors to safe havens. Oil prices surged, JPMorgan Chase CEO cited geopolitical turmoil a...

Company is fighting Dutch court ruling that says it must emit 45% less CO2 by 2030 than in 2019

May WTI crude oil (CLK24 ) on Friday closed up +0.64 (+0.75%), and May RBOB gasoline (RBK24 ) closed up +2.88 (+1.04%). Crude and gasoline prices Friday posted moderate gains, with crude climbing to a 5-1/2 month high and gasoline climbing to a 7-1/2 month high. Crude prices moved higher...

Oil companies drilling on public lands must post larger bonds and pay higher royalties under a rule finalized Friday by the Biden administration.

Learn about the Biden administration's new rule increasing fees for oil and gas drilling on public lands to promote environmental responsibility and protec...

Representatives from both governments secretly met this week to discuss Venezuela's elections. The U.S. continues to ponder on whether to reimpose sanctions.

May WTI crude oil (CLK24 ) this morning is up +2.15 (+2.53%), and May RBOB gasoline (RBK24 ) is up +6.47 (+2.33%). Crude and gasoline prices this morning are sharply higher, with crude posting a 5-1/2 month high and gasoline posting a 7-1/2 month high. Concern that an escalation of...