The Latest Breaking News from Oil

Just Stop Oil activists got into a bed and laid on sofas in the Harrods department store, in Knightsbridge, London, before being escorted out by a reported 20 security guards

But there are no guarantees energy payments would have been delivered any quicker if an Executive had been up and running

Russia said on Saturday it would continue to find buyers for its oil, despite what it said was a "dangerous" attempt by Western governments to introduce a price cap on its oil exports. A coalition of Western countries led by the G7 group of nations agreed on Friday to cap…

The cap is designed to curb Russia’s revenues from oil without halting significant volumes of exports, which could lead to supply shortages and push up prices globally

The huge revenues of several Yemeni institutions prompted the Houthi militia to implement new administrative and financial measures to control and manage the profit in their favor. The new measures introduced e-accounting systems and complex administrative control procedures, dismissed the head of these institutions, and replaced them with group members.…

Russia said on Saturday it would continue to find buyers for its oil, despite what it said was a “dangerous” attempt by Western governments to introduce a price cap on its crude exports.

European countries agreed to cap Russian oil price at $60 per barrel to further weaken Moscow's ability to finance its war in Ukraine.

An Iranian-flagged tanker on Friday delivered an oil shipment to Syria, which the United States had previously confiscated around Greece, ending months of uncertainty about the cargo, a ship tracker said. The seizure from the Lana, formerly the Pegas, prompted Iranian forces in May to seize two Greek tankers in…

Russia "will not accept" a price cap on its oil and is analysing how to respond, the Kremlin said in comments reported on Saturday, in response to a deal by Western powers aimed at limiting a key source of funding for its war in Ukraine.