The Latest Breaking News from Oil

Chancellor also describes ‘lots’ of taxes as ‘pernicious’ as he again hints at more tax cuts to come in his Budget

Mukhtar Babayev, Azerbaijan’s Minister of Ecology and Natural Resources, has been named as president-designate of the Cop29 climate conference. He will be the second oil executive in a row to head the global environmental summit after UAE's Sultan Al Jaber in 2023.

Coming from a beauty-obsessed editor.

‘A dangerous and very unwelcome pattern is developing – the oil industry capture of the COP process,’ says Green Party co-leader

Mukhtar Babayev, has been named to lead the United Nations' annual climate talks later this year, prompting concern from some climate activists over his former ties to the state oil company.

February WTI crude oil (CLG24 ) on Friday closed up +1.62 (+2.24%), and Feb RBOB gasoline (RBG24 ) closed down -0.46 (-0.22%). Crude oil and gasoline prices on Friday settled mixed, with crude posting a 1-week high. A reversal in the dollar Friday boosted energy prices after the dollar index...

March NY world sugar #11 (SBH24 ) on Friday closed up +0.03 (+0.14%), and March London ICE white sugar #5 (SWH24 ) closed unchanged. Sugar prices on Friday settled little changed. Strength in crude oil supports sugar prices as WTI crude (CLG24 ) Friday rallied to a 1-week high. Higher...

Britain’s former energy minister is quitting the Conservative Party and stepping down as a lawmaker over the government’s backtracking on its environmental commitments

The former energy minister has said he will quit over the Offshore Petroleum Licensing Bill