The Latest Breaking News from Oil

BP confirms biggest oil and gas field discovery in 25 years – three times the size of Paris

The British energy firm have scaled back on renewable plans recently to refocus on fossil fuels

The Independent UK · Aug 4, 2025

Trump aide accuses India of financing Russia’s war in Ukraine

White House deputy chief Stephen Miller says it was ‘not acceptable’ for India to continue to buy Russian oil.

Al Jazeera · Aug 4, 2025

BP makes its biggest oil and gas discovery in 25 years off coast of Brazil

Company to carry out more tests on its Santos basin find as it continues shift from renewables back to fossil fuels

The Guardian - UK · Aug 4, 2025

I've never quite mastered cooking steak – but these professional tips have mean I'll always achieve perfect results

From the grill to the air fryer and more, these expert-approved methods for cooking steak are everything I need

Homes & Gardens · Aug 3, 2025

Ukrainian Drones Spark Fire At Sochi Oil Depot

An Ukrainian drone attack sparked a fire at an oil depot in Sochi, the Russian resort that hosted the 2014 Winter Olympic which is 400 kilometres (250 miles) from the Ukrainian border, authorities said Sunday.

International Business Times · Aug 3, 2025

Eight OPEC+ Countries Raise Production By 547,000 Bpd

Saudi Arabia, Russia and six key members of the OPEC+ alliance said Sunday they will increase production by 547,000 barrels a day in a move which analysts say aims to regain market share amid resilient crude prices.

International Business Times · Aug 3, 2025

OPEC+ agrees to boost oil production by 547,000 barrels per day from September

Eight OPEC+ countries meeting on Sunday agreed on a bump in oil production for September by 547,000 barrels per day.

Euronews · Aug 3, 2025

India signals it will keep buying Russian oil despite Trump tariff threat

India says its ties with Moscow were ‘steady and time-tested’ amid threats from Trump

The Independent UK · Aug 3, 2025

Russian missile and drone strikes injure at least 18 across Ukraine

Russian missile strikes on Mykolaiv injured seven people, while Ukraine's air force intercepted 60 drones. Ukrainian forces hit an oil depot in Russia's Sochi.

Euronews · Aug 3, 2025

OPEC+ Slated To Increase Oil Output In Bid To Regain Market Share

Saudi Arabia, Russia and six other key members of the OPEC+ alliance are expected to further hike oil production in a meeting Sunday, a move analysts say is aimed at regaining market share amid resilient crude prices.

International Business Times · Aug 3, 2025