The Latest Breaking News from Oil

The head of the U.S. Senate Foreign Relations Committee has asked America's top three oilfield services companies to explain why they continued doing business in Russia after its invasion of Ukraine

Should oil producers choose next year not to reverse their cuts, then the Biden administration may have a problem on its hands.

The Biden administration has scrapped oil leases in Alaska's Arctic National Wildlife Refuge on the basis of "legal deficiencies". The leases awarded by the Trump administration had been widely criticised by environmental groups. However, the White House's move comes after it approved an oil drilling project in another Alaskan reserve…

Shares have fallen in Asia as China reported weaker global demand hit its trade in August, adding to pressures on its economy

A Greek shipper has pleaded guilty to a charge over it smuggling sanctioned Iranian crude oil and agreed to pay a $2.4 million fine

The Biden administration has canceled the remaining seven oil and gas leases in Alaska’s Arctic National Wildlife Refuge, overturning sales held in the Trump administration’s waning days and angering Republicans

The move comes as the Biden administration seeks to expand protections against oil and gas development on public lands.

Since 1945, the S&P 500 has dropped 0.73% on average in September compared with a 0.7% gain for the index across all months over the same period.

October WTI crude oil (CLV23 ) on Wednesday closed up +0.85 (+0.98%), and Oct RBOB gasoline (RBV23 ) closed up +2.04 (+0.79%). Crude oil and gasoline prices Wednesday posted moderate gains, with crude climbing to a 9-1/2 month high. Crude found carryover support from Tuesday when Saudi Arabia and Russia...