The Latest Breaking News from Oil

Crude Prices Retreat on an Unexpected Build in EIA Crude Stocks

June WTI crude oil (CLM23 ) on Wednesday closed down -1.15 (-1.56%), and June RBOB gasoline (RBM23 ) closed up +1.50 (+0.60%). Crude oil and gasoline prices Wednesday settled mixed, with gasoline climbing to a 1-week high. A weaker dollar Wednesday was supportive of energy prices. Also, signs of strength...

Barchart · May 10, 2023

Do the PRRT changes in the budget go far enough to fix a 'broken' Petroleum Resource Rent Tax?

Economists and energy experts say the government is short-changing Australians with planned changes to the Petroleum Resource Rent Tax that will only raise an additional $2.4 billion over five years.

ABC News · May 10, 2023

Donald Trump Election In 2016 A Crucial Challenge For Europe In Economic Competition With China

China had sought more influence in the Middle East as economic trading partners growing closer to Europe.

Zenger · May 10, 2023

Key signs you're overwashing your hair and causing unnecessary damage, according to pro

A hair expert has explained how to tell if you're overwashing your hair and confirmed how often we should be shampooing and conditioning as a general rule of thumb

Daily Mirror · May 10, 2023

DR Congo in discussions with Uganda over use of crude pipeline

The controversial pipeline is for transporting Uganda’s crude to foreign markets when it begins production in 2025.

Al Jazeera · May 10, 2023

Rishi Sunak asked ‘how can you look your daughter in the eye’ over climate pledges

Prime minister criticised for allowing ‘climate-wrecking’ Rosefield oil development

The Independent UK · May 10, 2023

Humza Yousaf launches net zero blueprint for clean energy but vows to back oil workers

In his first major business speech as First Minister at Glasgow's All-Energy conference, Yousaf set out plans to invest in renewables and 'green hydrogen'.

Daily Record · May 10, 2023

Expert reveals adding an unusual ingredient to your coffee could have health benefits

It comes after Starbucks launched the Oleato - a coffee containing olive oil-infused oat milk

Wales Online · May 10, 2023

Yousaf: Just transition away from oil and gas is a moral imperative

The Scottish First Minister also said his Government will ‘rise to the challenge’ of decarbonisation.

The Independent UK · May 10, 2023

UK court rules in favour of Shell in Nigerian oil spill case

The case is one of many legal battles Shell has been fighting after residents of oil-producing Niger Delta file suits.

Al Jazeera · May 10, 2023