The Latest Breaking News from Oil

Russian President Vladimir Putin signed a decree on Friday that establishes a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia's Far East.

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 300 points on Friday.

The United States has accused OPEC oil-producing nations of siding with Russia after a decision to cut oil output.

Around 25 supporters of Just Stop Oil took part in the action on Friday morning.

Leading oil & gas company Marathon Petroleum (MPC) reported solid second-quarter financials. Moreover, analysts seem bullish about the company’s growth prospects, considering its strategic business advancements and sustained energy demand. And given MPC’s high profitability and high-yield dividend, this energy stock that hedge funds keep buying could be worth your…

We take a closer look at the petrol shortage hitting certain French service stations. We also hear about the options that US President Joe Biden is mulling in regard to OPEC+'s decision to cut oil supply. Plus, a small French town grapples with rising energy bills. Finally, the hamburger chain…

Meanwhile, UK Tory climate minister Graham Stuart claimed that the licensing round will be “good for the environment”.

Alberta's incoming premier has set the stage for a showdown with Canada's federal government and push back against federal laws which is likely to set the oil-rich province on a collision course with Prime Minister Justin Trudeau.

Greenpeace calls process, which will run until end of June, ‘possibly unlawful’