The Latest Breaking News from Oil

The man responsible for running Venezuela’s oil industry — the one that pays for virtually everything in the troubled country, from subsidized food to ridiculously cheap gas — has quit amid investigations into alleged corruption among public officials

Australia has 116 new coal, oil and gas projects in the pipeline. If they all proceed as planned, an extra 1.4 billion tonnes of greenhouse gases would be released into the atmosphere annually by 2030.

Venezuela’s oil czar has announced his resignation as officials investigate alleged corruption among public officials

Financial authorities are now trying to prevent problems spreading throughout the global banking system and a repeat of the disastrous financial meltdown of 2008

Humanity still has a chance, close to the last, to prevent the worst of climate change ’s future harms, a top United Nations panel of scientists said Monday. But doing so requires quickly slashing nearly two-thirds of carbon pollution by 2035, the Intergovernmental Panel on Climate Change said. The United…

Big Oil has long counted on corporate-friendly federal courts to get rid of climate suits

The site was previously used to store oil

Production at the Benchamas oil field in the Gulf of Thailand was suspended immediately after an accident last week and remains offline, US oil giant Chevron Corp said in a statement on Monday.

The world’s climate scientists have issued what one expert says is a “final warning” before global warming exceeds 1.5C, threatening planetary systems human life depends on.