The Latest Breaking News from Oil

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Judge suspends Petrobras chairman over conflict of interest, underscoring the importance of ethical governance in the oil industry.

Company is fighting Dutch court ruling that says it must emit 45% less CO2 by 2030 than in 2019

May WTI crude oil (CLK24 ) on Friday closed up +0.64 (+0.75%), and May RBOB gasoline (RBK24 ) closed up +2.88 (+1.04%). Crude and gasoline prices Friday posted moderate gains, with crude climbing to a 5-1/2 month high and gasoline climbing to a 7-1/2 month high. Crude prices moved higher...

Oil companies drilling on public lands must post larger bonds and pay higher royalties under a rule finalized Friday by the Biden administration.

Learn about the Biden administration's new rule increasing fees for oil and gas drilling on public lands to promote environmental responsibility and protec...

Representatives from both governments secretly met this week to discuss Venezuela's elections. The U.S. continues to ponder on whether to reimpose sanctions.

May WTI crude oil (CLK24 ) this morning is up +2.15 (+2.53%), and May RBOB gasoline (RBK24 ) is up +6.47 (+2.33%). Crude and gasoline prices this morning are sharply higher, with crude posting a 5-1/2 month high and gasoline posting a 7-1/2 month high. Concern that an escalation of...

The energy sector is expected to grow significantly due to geopolitical tensions, supply constraints, and rising global demand for natural gas and crude oil. Therefore, fundamentally strong energy stocks Enterprise Products Partners (EPD), Koninklijke Vopak (VOPKY), and VAALCO Energy (EGY) could be worth adding to your portfolio. Read on.