The Latest Breaking News from Oil

Robust global demand and tight supplies will likely keep oil prices high, propelling the energy sector’s growth prospects. Given the industry tailwinds, fundamentally sound oil & gas stocks Shell (SHEL), Unit Corporation (UNTC), and Adams Resources & Energy (AE) could be ideal additions to your portfolio for substantial gains. Read…

Former Oklahoma state employee Don Keenan is suing the state, alleging that the Oklahoma law prohibiting state contracts with financial firms that boycott oil, gas, and other types of companies violates the U.S. Constitution and federal law. Keenan says he thinks oil and gas are important economically but argues the…

The energy market, witnessing oil demand surges and encouraging industry forecasts, suggests a positive trajectory for oil prices – providing an impetus for operators to heighten oil and gas production. Given this backdrop, quality energy stocks Newpark Resources (NR), Permianville Royalty Trust (PVL), and Superior Drilling Products (SDPI) could be…

In part two of our series exploring myths surrounding EVs, we weigh up the issues of resource extraction

"The Venezuelan sun rises in Essequibo," "Essequibo belongs to Guyana" — the opposing camps' slogans say it all.

Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but a less visible lineup of powerful state companies dominates the industry.

2023 is officially the hottest year on record. World leaders gathering today in Dubai for the UN Climate Change Conference already know what they must do to reverse global warming but, as King Charles is set to warn them, this must be a ‘critical turning point’. Senior climate correspondent Louise…

Brazil is set to become the fourth Latin American country to become part of the cartel after Mexico and Venezuela. Ecuador withdrew in 2020

Following a virtual meeting, OPEC+ members have announced additional oil supply cuts, with de facto leader Saudi Arabia saying it would extend an existing cut of one million barrels per day through to March next year. Russia pledged to slash oil exports by 500,000 barrels a day, up from 300,000,…