The Latest Breaking News from Oil

An oil tanker believed to be part of Russia’s efforts to evade international sanctions went adrift and had to be towed ashore by a German tugboat

The energy sector offers value due to rising global demand, focus on energy security, market growth, regulatory support, technological advancements, and increasing oil and gas prices. Therefore, in this dynamic backdrop, it may be wise to consider undervalued energy stocks: Schlumberger (SLB), VAALCO Energy (EGY), and Obsidian Energy (OBE), which…

Ukrainian President Zelenskyy says he is confident sanctions will ‘significantly reduce Russia’s petrodollar income’.

March NY world sugar #11 (SBH25 ) today is up +0.11 (+0.58%), and March London ICE white sugar #5 (SWH25 ) is up +0.70 (+0.14%). Sugar prices today are mildly higher. Short covering emerged in sugar futures today after WTI crude oil prices (CLG25 ) jumped more than +3% to...

The Group of Seven democracies have sought to crimp Russia’s oil export earnings that help fund the war against Ukraine

February WTI crude oil (CLG25 ) today is up +1.92 (+2.60%), and February RBOB gasoline (RBG25 ) is up +0.0344 (+1.70%). Crude and gasoline prices today are sharply higher, with crude posting a 3-month high and gasoline posting a 2-3/4 month high. Crude is rallying today after the US ratcheted...

The latest sanctions come after Prime Minister Sir Keir Starmer discussed the Ukraine conflict with French President Emmanuel Macron over dinner.

The United States and Britain on Friday announced sanctions against Russia's energy sector, including oil giant Gazprom Neft, just days before outgoing President Joe Biden leaves office.

Biden administration officials say the sanctions are being imposed now because they are not likely to add to inflation

Rallying 72% in the new year to date, can this penny oil stock sustain its momentum?

Around the globe, Associated Press photographers in 2024 documented what scientists on Friday said was the hottest year on record, the latest in a long string of heat milestones that have been shattered in recent years as the burning of gas, coal and oil accelerate global warming.