The Latest Breaking News from Oil

Oman’s production of crude oil and condensate oil increased by 10.4 percent to reach 323.73 million barrels by late October 2022 compared to October 2021, according to the data published by the country’s National Center for Statistics and Information. Crude oil production alone increased by 14.1 percent, while oil condensate…

The second batch of the oil derivatives grant provided by Saudi Arabia through the Saudi Program for the Development and Reconstruction of Yemen (SDRPY) arrived on Saturday at the oil port in Aden. This comes in line with the Kingdom's efforts to support the electricity sector, improve livelihood opportunities and…

Oil leaks can be devastating to the environment, but much of the destruction is often invisible

Higher interest rates could lead to stock market swings and changes in the value.

The leaders of Hungary, Romania, Georgia and Azerbaijan have finalized an agreement on an undersea electricity connector that could become a new power source for the European Union amid a crunch on energy supplies caused by the war in Ukraine

Social media posts on Saturday purported to show a group of protesting oil workers in southern Iran demanding higher wages and retirement bonuses. The reported oil workers’ protests, which Reuters could not verify, comes amid an uprising across Iran, the boldest challenge to the republic since the 1979 revolution. The…

The oil and gas industry, which has been accustomed to getting its own way from California regulators for decades, suffered a rare defeat this year.

The cause for the spill is still unclear. What's known is the type of oil that was piped: tar sands oil, also called diluted bitumen. It's a lot harder to clean up than conventional oil.

French oil group Total writes off Novatek shareholding as Guardian investigation raises questions over ties to Kremlin and ownership of superyacht used by Russian president