The Latest Breaking News from Oil

The European Union on Thursday agreed a new sanctions package targeting Russia’s “shadow fleet” of oil tankers and banning imports of Russian liquefied natural gas. The move comes as Ukrainian President Volodymyr Zelensky joins EU leaders at a summit in Brussels to push for more support against Russia’s invasion.

The new tax law has changed the energy investing landscape with expanded incentives and permanent tax benefits for oil and gas production.

The CEO of the U.S. energy secretary’s fracking company said Trump’s tariffs are getting in the way of U.S. energy and AI dominance.

New sanctions unveiled just a day after Trump said he would cancel ‘wasted’ meeting with Putin in Budapest

Philippine victims of a 2021 typhoon are seeking compensation from energy giant Shell for damage that they say was intensified by climate change worsened by the oil and gas company's carbon emissions

Russian president says Moscow will deliver ‘overwhelming’ response to strikes inside Russia

Assets in US belonging to Rosneft and Lukoil frozen as shares in Shell and BP rise by 3%

Oil and gas companies have increasingly come under legal attack over their role in contributing to global warming, yet unlike other industries that face tougher regulations they have not abandoned their climate marketing claims.

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects ahead

A Paris court will rule on Thursday whether France’s TotalEnergies misled the public about its environmental record – a case that could reshape corporate climate advertising across Europe.

Shares are mostly lower in Asia following a retreat on Wall Street, while crude prices jumped more than $2 after U.S. President Donald Trump announced sanctions on Russian oil giants