The Latest Breaking News from Oil

We should be taking steps to reduce oil drilling, with a carbon-fee-and-dividend plan and eliminating subsidies to the oil, natural gas and coal industries.

After months with little apparent progress, Gov. Gavin Newsom’s proposal to hold the oil industry accountable for high gas prices and deter price gouging is now on a fast track toward passage in the California Legislature.

ConocoPhillips has detailed reasons and remedies following a natural gas leak last year on the North Slope that caused 300 employees to be evacuated

Venezuela's need for dollars to shore up its exchange rate and enable government largesse ahead of 2024 elections is among the motives for a crackdown on alleged corruption at state oil company PDVSA, four sources with knowledge of the matter said.

May WTI crude oil (CLK23 ) on Friday closed down -0.70 (-1.00%), and May RBOB gasoline (RBJ23 ) closed down -1.23 (-0.48%). Crude oil and gasoline prices Friday closed moderately lower due to ongoing concerns that the banking turmoil could push the global economy into a recession, undercutting energy demand....

A new report lists 10 policies to constrain polluting infrastructure and achieve key climate goals

Watch my interview today with AgWeb's Michelle Rook, where we discussed the soybean and livestock markets, as well as Russia's export ban, the Fed's recent rate increase, and a variety of commodity related topics.

May WTI crude oil (CLK23 ) this morning is down -1.58 (-2.26%), and May RBOB gasoline (RBJ23 ) is down -3.32 (-1.29%). April Nymex natural gas (NGJ23 ) is up +0.046 (+2.14%). Crude oil and gasoline prices this morning are sharply lower due to ongoing concerns that the banking turmoil...

Exclusive: Labour decries ‘climate vandalism’ as Aberdeen launch signals intention to boost fossil fuel industry