The Latest Breaking News from Oil

Australian motorists are enjoying bowser relief in the lead-up to Christmas, but oil markets are threatening to push up petrol prices.

Saudi Arabia and China signed a series of agreements during President Xi Jinping's visit to the kingdom, demonstrating deepening ties between the two countries that Riyadh's traditional ally the United States is warily watching.

No casualties reported as facility set on fire, one day after Russia blames Ukraine for two other drone strikes

A fire that broke out at an airport in Russia’s southern Kursk region that borders Ukraine was the result of a drone attack, the regional governor said Tuesday, a day after Moscow blamed Kyiv for drone strikes on two air bases deep inside Russia and launched a new wave of…

The U.S. dollar is near its highest level in more than a decade. A strong U.S. dollar has many benefits to consumers. When traveling abroad, goods and services cost less in U.S. dollars, making foreign destinations attractive vacation options for many. Domestically, imported items also cost less in U.S. dollars,…

A drone has struck an airfield in the Russian region of Kursk bordering Ukraine, setting fire to an oil storage tank, the regional governor said on Tuesday.

At least seven people were killed on Tuesday when a blast hit a vehicle carrying oil workers in northern Afghanistan, police said. "Today at around 7 a.m. a blast took place in ... Balkh on a bus which belonged to Hairatan oil employees," said Mohammad Asif Wazeri, police spokesperson for…

Ministers have shattered the legal system and are failing to tackle the climate crisis. Now they are making protesters their scapegoats, says activist Indigo Rumbelow

Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the implementation of sanctions on Russian seaborne crude oil eased concerns about oversupply while the relaxing of China's COVID curbs bolstered the demand outlook. Brent crude futures had gained 85 cents to $83.53 a barrel…