The Latest Breaking News from Oil

January WTI crude oil (CLF24 ) this morning is up +1.93 (+2.58%), and Jan RBOB gasoline (RBF24 ) is up +0.0578 (+2.69%). Crude oil and gasoline prices this morning are moderately higher. Today's slump in the dollar index (DXY00 ) to a 3-1/2 month low is bullish for energy prices....

Flaring is a waste of a precious natural resource that could be conserved or put to better use, such as producing electricity

The UAE will have its moment of glory while the UK press worries more about petrostate money buying the Telegraph, says Guardian columnist Marina Hyde

OPEC's Secretary General loudly defended continued investments in oil and gas on Monday, just days before the beginning of COP28 in Dubai.

Yellow Door Energy founder Jeremy Crane recounts the numerous times he sat around the table with oil execs who 'wagged their finger at me and say we’re subsidizing your business.'

Google announced Tuesday that an advanced geothermal project has begun pumping carbon-free electricity onto the Nevada electric grid to feed Google data centers there

“You need to add a new Saudi Arabia every two years just to meet the current demand," Crescent Petroleum CEO Majid Jafar said at Fortune's Global Forum in Abu Dhabi.

A court began hearing Tuesday a lawsuit against Norway over oil and gas development plans, with environmental groups saying the country is throwing "gasoline on the fire" of the climate crisis.

Climate financing and reining in fossil fuels are to top the agenda of the 2023 climate change summit to be held in UAE.

A Boeing 787 Dreamliner is set to take off from Heathrow on November 28 and head for JFK airport in New York, powered by so-called sustainable aviation fuel (SAF). According to its operator, Virgin Atlantic, the world’s “first 100% SAF flight” will mark “a historic moment in aviation’s roadmap to…

About £88 billion of pension savers' money goes towards oil and gas, campaigners say