The Latest Breaking News from Oil

Oil prices have historically risen over time, but the last two decades have been particularly volatile.

A federal judge has upheld the Biden administration’s approval of the Willow oil-drilling project on Alaska’s remote North Slope, a massive project that drew the ire of environmentalists who accused the president of backpedaling on his pledge to combat climate change

3F Oil Palm Pvt. Ltd. lays foundation for India's first integrated greenfield oil palm processing complex in East Godavari. Investing Rs.250 crore, it is expected to produce 2,00,000 Metric Tons of refined oil per annum by FY25. Spread over 55,000 hectares, it will contribute to India's self-sufficiency in palm oil…

Thousands of wildfires in Canada have incinerated an area larger than Florida this year

Tight supplies due to production cuts and the expected rise in oil and gas demand drive oil and gas prices, benefiting oil and gas companies. Given this backdrop, it could be wise to buy fundamentally strong oil and gas stocks BP p.l.c (BP), Eni (E), and Koninklijke Vopak (VOPKY). Read…

WTI crude oil fell below $76 a barrel, breaking through its 200-day moving average, which had served as a strong support level

New areas for oil and gas development on the UK’s North Sea continental shelf are to be made available through annual licensing rounds subject to net zero tests. These proposals by the UK government, outlined in the 2023 king’s speech to parliament, fly in the face of recommendations by the…

A New York-based climate watchdog says the French oil company TotalEnergies is failing to protect the sanctity of hundreds of graves in a controversial project that aims to build a heated pipeline from oil fields in Uganda to a port in Tanzania

Team boss Toto Wolff reckoned the weekend in Sao Paulo was the worst of his 13 years in F1, as Lewis Hamilton finished the GP in eighth while George Russell retired with 14 of the 71 laps remaining. This was to protect the power unit after rising oil temperature and…