The Latest Breaking News from Oil

DEPUTY First Minister Kate Forbes has slammed Kemi Badenoch's vow to extract all North Sea oil as "the worst of all worlds".

The one-year experiment in Midland and Ector counties is based on similar efforts in larger cities. A nonprofit backed by oil companies and Midland County are helping pay for it.

News comes as the opposition Conservative Party pledges to drill all remaining North Sea oil and gas, if elected.

A new report said while emissions from oil and gas had fallen for the fifth year, investment is needed to meet targets for 2040 and 2050.

Badenoch will pledge to make North Sea oil and gas the ‘cornerstone’ of the economy

The Conservative leader will attack the UK Government for treating the North Sea industry as a ‘relic of the past’.

A weaker dollar index and marginally higher long-term bond prices were primarily bullish factors for commodities in August. The September dollar index moved 2.06% lower, while the December U.S. 30-year Treasury bond futures rose only 0.52% to 114-07 at the end of August. However, the commodities asset class responded to…

Guyana voted Monday in elections to decide who will manage the South American nation's new oil riches, as tensions rose in a territorial dispute with neighbor Venezuela.

US president recently imposed 50 percent tariff on Indian goods and denounced New Delhi for buying Russian oil.