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The Latest Breaking News from Oil

Asian Markets React To China's 5% Economic Growth Report

Asian shares decline after China's 5% growth rate announcement. U.S. futures up, oil prices rise. Market reactions varied across Asia and the U.S.

Top News

‘Big oil’s negligence’: LA residents call on fossil fuel industry to pay for wildfire damages

Experts say climate crisis was likely responsible for a quarter of the dryness that fueled the fires’ rapid spread

The Guardian - US

Why Alberta’s Danielle Smith is rejecting the Team Canada approach to Trump’s tariff threats

Alberta Premier Danielle Smith finds herself at the centre of controversy because of her refusal to be part of a “Team Canada” approach to Donald Trump’s tariff threats.

The Conversation

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read the most diverse news in one place.

Texas Attorney General Ken Paxton, 22 other states sue to halt planned federal methane fines

The rule fines certain oil and gas facilities that exceed federal limits for methane emissions.

The Texas Tribune

Crude Prices End Lower on Speculation US Will Ease Russian Crude Sanctions

February WTI crude oil (CLG25 ) Thursday closed down -1.36 (-1.70%), and February RBOB gasoline (RBG25 ) closed down -0.0357 (-1.65%). Crude and gasoline prices retreated Thursday on speculation that President-elect Trump will ease sanctions on Russian energy exports to facilitate a diplomatic accord between Russia and Ukraine. Crude prices...

Barchart

Energy Commodities Q4 and 2024- Where are they Heading in 2025?

Traditional energy commodities and ethanol moved higher in Q4 and 2024. U.S. natural gas futures led the sector on the upside in the year ending December 31, 2024. As the energy sector heads into 2025, the dramatic shift in U.S. energy policy could cause increased volatility over the coming months.

Barchart

Trump's Treasury Pick Threatens Tougher Oil Sanctions On Russia

Scott Bessent warns of potential oil sanctions escalation to end Russia-Ukraine war, impacting US oil prices.

Top News

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Treasury Nominee Supports Tougher Sanctions On Russia

Biden administration imposes new sanctions on Russian oil entities to disrupt funding for Ukraine conflict.

Top News

Labour face rebellion as seven MSPs back North Sea jobs campaign against Westminster

KEIR Starmer and Anas Sarwar are facing a rebellion after seven Labour MSPs backed a campaign calling on Westminster to support oil and gas jobs in…

The National (Scotland)

Crude Prices Fall on the Prospect of Trump Easing Sanctions on Russian Crude

February WTI crude oil (CLG25 ) today is down -1.76 (-2.20%), and February RBOB gasoline (RBG25 ) is down -0.0582 (-2.70%). Crude and gasoline prices today are moderately lower, based on the prospect that President-elect Trump will ease sanctions on Russian energy exports to facilitate a diplomatic accord between Russia...

Barchart

Burgum promises energy dominance at Interior - Roll Call

Doug Burgum, Donald Trump's pick for Interior secretary, promised to boost domestic energy through oil and gas leasing on federal land.

Roll Call

‘TARIFFS all the way!!!’: EU mulls carrots and sticks to counter Trump on trade

Bloc may ward off incoming president’s threats by buying more US goods, or impose its own tariffs in retaliation

The Guardian - UK

BP cutting 4,700 jobs worldwide as part of cost-saving drive

U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive

The Independent UK

Oil Giant BP Cuts Thousands Of Jobs To Slash Costs

British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.

International Business Times

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The Guardian - UK

BP to cut 4,700 jobs and 3,000 contractor roles to help save £1.6bn

Oil company to lose 5% of its staff in effort to cut costs amid shareholder worries over green energy strategy

MarketBeat

Bull Case for Transocean Stock: 100% Upside Could Be Within Reach

After Goldman Sachs released its 2025 macro outlook report, a lot of traders started picking up on the new upside potential in oil names.

Salon

Sea level rise comes for major oil ports

Oil ports on coasts in places like the United States, China and Saudi Arabia will be threatened by sea levels

Top News

Former North Dakota Gov. Doug Burgum Nominated For Interior Secretary

Former North Dakota Gov. Doug Burgum's nomination for chief steward of U.S. public lands and waters raises questions about energy policies and climate chan...

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news in one place.

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Tom’s Guide

Does putting magnesium oil on your feet really help you fall asleep fast? Here's what the science says

TikTokers are oiling their feet with magnesium to help them fall asleep fast and improve the rest they get. But does the science back it? We ask an expert for their insight

International Business Times

Sri Lanka Signs Landmark $3.7 Bn Deal With Chinese State Oil Giant

Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday.

Homes & Gardens

5 ways to get rid of ticks on lawns for good, according to pest and lawn experts

Discover the best natural methods to kill ticks on lawns, and ways to prevent them

Barchart

Crude Rallies Sharply as US Crude Supplies Tighten

February WTI crude oil (CLG25 ) Wednesday closed up +2.54 (+3.28%), and February RBOB gasoline (RBG25 ) closed up +0.0543 (+2.58%). Crude and gasoline prices rallied sharply Wednesday, with crude posting a 6-month high and gasoline climbing to a 3-1/4 month high. Wednesday's weaker dollar is bullish for energy prices....

The Independent UK

7 best plug-in air fresheners in 2025, tried and tested at home

From wall plug-ins to rechargeable diffusers, these products are a breath of fresh air

Woman & Home

Top beauty tips for oily skin - according to skincare professionals and makeup artists

Dermatologists, MUAS and skincare pros share their tips and trips to banish the shine while keeping hydrated

Barchart

Crude Rallies as EIA Inventories Fall to a 2-3/4 Year Low

February WTI crude oil (CLG25 ) today is up +1.97 (+2.54%), and February RBOB gasoline (RBG25 ) is up +0.0605 (+2.87%). Crude and gasoline prices are rallying today, with crude posting a 5-month high and gasoline climbing to a 3-1/4 month high. Today's weaker dollar is bullish for energy prices....

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