The Latest Breaking News from Oil

MORE than 2000 oil and gas wells are expected to be decommissioned in the North Sea over the next decade at a cost of about £20 billion,…

Now we understand: Oil-exporting nations will never agree to move on — so the world will do it without them

Yemen's Houthis attacked al-Dhabba oil terminal in Hadhramaut province on Monday, the group and Yemen's internationally recognised government said.

A wealth gap exists between Indigenous peoples and other Canadians. Some First Nations believe buying the Trans Mountain pipeline might fix it

Previously, developed countries had been reluctant to commit to paying up compensation for the damage already caused to countries in the Global South

Saudi Arabia on Monday said that OPEC+ was sticking with oil output cuts and could take further measures to balance the market amid falling prices, denying a report it was considering boosting output to 500,000 barrels per day, according to state news agency SPA. "It is well-known that OPEC+ does…

The latest UN climate change summit (COP27) concluded, once again, with a tussle over the place of fossil fuels in the global economy.

New United Nations climate chief Simon Stiell in an interview with The Associated Press acknowledges the world didn’t do anything additional to address climate change at the COP27 climate summit this year

COP27 has just wrapped up. Despite much excitement over a new fund to address “loss and damage” caused by climate change, there is also anger about perceived backsliding on commitments to lower emissions and phase out fossil fuels.