The Latest Breaking News from Oil

Pipeline safety regulators have imposed their largest fine ever on the company responsible for leaking 1.1 million gallons of oil into the Gulf of Mexico off the Louisiana coast in 2023

Energy experts say reviving Venezuela’s oil industry could be a decade-long process, and could cost upwards of $100 billion.

You hop in your car on a frosty morning, turn the key, and suddenly your dashboard lights up like a Christmas tree. Panic sets in. Nobody wants to deal with unexpected car issues. As a mechanic, I can’t tell you the number of panicked people I spoke to on a…

THE INDEPENDENT VIEW: Editorial: Washington’s new imperialism has trashed the transatlantic alliance – but Keir Starmer and other leaders can yet persuade the US that they have much to contribute to its national security

Chevron is currently the only major US oil company still operating in Venezuela and exporting crude from the country. Shares of Exxon Mobil and ConocoPhillips rose about 3% each, buoyed by speculation that restrictions barring US firms from Venezuela's oil fields could be eased.

Major US energy firms saw share prices rally following Maduro's arrest, though oil markets remained subdued as traders grappled with sanctions complexities.

This is one beauty resolution worth sticking to.

The S&P 500 rallied but failed to turn the "Santa Claus Rally" indicator positive for 2026.

February WTI crude oil (CLG26 ) on Monday closed up +1.00 (+1.74%), and February RBOB gasoline (RBG26 ) closed up +0.0218 (+1.28%). Crude oil and gasoline prices recovered from early losses on Monday and settled sharply higher as rising global geopolitical risks in Russia, the Middle East, Nigeria, and Venezuela...