The Latest Breaking News from Oil

Recent discussions in Europe about a gas price cap are said to have been tough, heated and even ugly. The European Commission has put a proposal on the table, but EU member states are finding it difficult to reach a compromise among themselves – despite giving their political support to…

As police predict more disruption from Just Stop Oil, Kate Wills goes behind the orange banners to learn how the protest group operate—from coping techniques to an emotional support hotline

SACRAMENTO, Calif. — There are worse things than being gouged at the gas pump. You could be shut out at a dry pump.

Vast stretches of permafrost are melting as the Earth’s polar regions warm, thawing ancient viruses and bacteria that had remained frozen for tens of thousands of years. Behind the lurid headlines about “zombie viruses,” there’s some fascinating science — and a warning.

President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing's goal to establish its currency internationally and weaken the U.S. dollar's grip on world trade.

Chinese President Xi Jinping signed a raft of deals with Saudi officials during a three-day visit to Riyadh as Beijing seeks to shore up its Covid-hit economy and as the Saudis, long-term US allies, push to diversify their economic and political alliances.

One more tanker took to 20 on Friday the number of vessels waiting in the Black Sea to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean, the Tribeca shipping agency said, amid talks to disperse the build-up. On Thursday, dismissing pressure from abroad over the lengthening queue,…

A Vietnamese oil service vessel rescued 154 people from a sinking boat in the Andaman Sea and has transferred them to Myanmar's navy, state media reported, a group that was confirmed by activists as minority Rohingya Muslims.

Saudi Aramco and Shandong Energy Group are exploring collaboration on integrated refining and petrochemical opportunities in China, the Saudi Arabian Oil Company said in a statement on Friday. The companies have signed a Memorandum of Understanding (MoU) which includes a potential crude oil supply agreement and chemicals products offtake agreement,…