The Latest Breaking News from Oil

Mutinous soldiers in Gabon proclaimed their republican guard chief as the country’s leader Wednesday after placing the just-reelected President Ali Bongo Ondimba under house arrest, alleging betrayal and massive embezzlement during his long-time rule over the oil-rich Central African nation.

NEW DELHI: India’s appetite for cheap Russian oil took a breather in August as monsoon rains dampened demand and refiners scheduled routine maintenance works.

October WTI crude oil (CLV23 ) this morning is up +0.25 (+0.31%), and Oct RBOB gasoline (RBV23 ) is up +2.65 (+1.04%). Crude oil and gasoline prices this morning are moderately higher, with crude climbing to a 2-week high. A slump in the dollar index (DXY00 ) today to a...

High interest rates typically weigh on commodity prices as they increase the cost of carrying raw material inventories and increase production expenses. However, nothing is ordinary about the current historical period, which could mean commodity prices can rise even if rates remain stable or move slightly higher.

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Let it shine

With the release of a shock video in which the iconic Stade de France is drowned under a tide of crude oil, the international environmental association Greenpeace has denounced the sponsorship of fossil fuels in the world of sport.

Soldiers in Gabon announced the cancellation of recent election results and the dissolution of state institutions.

As a group of senior Gabonese military officers announce they have seized power and placed President Ali Bongo under house arrest, we take a closer look at Gabon's economic situation. The Central African nation is the fourth-largest oil producer in sub-Saharan Africa, but a third of its population lives below…