The Latest Breaking News from Oil

Shares were mixed in Asia on Monday after China's central bank cut a key interest rate and Japan reported its economy picked up momentum in the last quarter. Tokyo and Sydney advanced while Hong Kong, Shanghai and Bangkok fell. US futures edged lower early Monday, while oil prices declined. The…

Britain's main opposition Labor Party called on Monday for the energy price cap to be frozen this autumn to help the public deal with another expected surge in fuel bills during the worst cost-of-living crisis in decades. Labor leader Keir Starmer said his party, if in power, would cap energy…

FOR all intents and purposes Liz Stringer could have been playing in her lounge room to a group of her closest friends. Stringer has always been a warm and engaging performer. She's never been hung up with creative pretension. The stories she spins are lived experiences - which many of…

Primary commodity prices have been on a roller-coaster ride for the past year, especially for the past six months. In the futures markets, crude oil prices rose by 39% in the month from Feb 8 to March 8, from US$89 (3,143 baht) per barrel to $124 per barrel, and then…

Oil and gas company Beach Energy has posted increased earnings and cashflow on rising gas prices and high demand as it prepares to enter the global LNG market.

SEATTLE — A 49-foot commercial fishing vessel carrying an estimated 2,600 gallons of diesel and oil sank off the coast of San Juan Island Saturday, according to the U.S. Coast Guard.

Covid-induced inflation, drought in Canada and global instability are putting the squeeze on key ingredients of a national staple

The $48bn figure from world’s biggest oil firm is thought to be one of largest quarterly profits in history

Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion.