The Latest Breaking News from Oil

Oil prices eased on Wednesday after industry data showed US crude inventories unexpectedly rose last week, signaling a potential hiccup in demand, though concerns over supply kept losses in check. Brent crude futures fell 23 cents, or 0.2%, to $96.08 a barrel at 0323 GMT. US West Texas Intermediate crude…

New analysis this week found strong fuel efficiency standards would have saved Australia A$5.9 billion in fuel costs and emissions equal to a year’s worth of domestic flights if the policy was adopted in 2015.

Prudence Wade tries Best Home Cook winner Suzie Lee’s debut cookbook, which will teach you everything you didn’t know – but should – about Cantonese cuisine

The fact that an energy exporter like Australia is having a tough time when the prices of our energy exports are sky high shows just how broken our political debate has become.

BHOPAL: Following imposition of 5% GST on packed grocery, milk and milk products, prices of packaged and branded grocery items like atta (wheat flour), dal (pulses), besan (gram flour), maida (refined wheat flour) and poha have gone up with edible oil being the only exception, which has seen a decline…

SACRAMENTO, Calif. — Gov. Gavin Newsom this week urged California lawmakers to harden the state's climate and energy goals, releasing a five-point legislative plan that promises to intensify the governor's clash with the state's powerful, billion-dollar oil industry.

Heatwave and very little rainfall have lead to reduced crops, amid fears that weather could also affect next year's harvest

RAYONG: Restaurant and hotel entrepreneurs at Mae Ramphueng beach and Koh Samet yesterday filed a lawsuit against Star Petroleum Refining Public Co Ltd (SPRC) to demand 38.8 million baht in compensation for recent oil spills that have harmed the area.

U.S. firefighting experts have provided technical advice to Cuban officials regarding the fire at an oil storage facility at the port of Matanzas, but that is as far as the cooperation has gone because the Cuban government has not requested other types of assistance from the United States, the State…

Despite the recent retreat in oil and gas prices from their peaks, analysts expect energy prices to rise, driven by substantial demand and restricted supply. A surge in demand due to the reopening of China’s economy could boost oil and gas prices significantly. Given the industry tailwinds, we think it…

The 10.5 million tonne refinery is crucial to maintaining petrol, diesel and liquefied petroleum gas (LPG) supplies in Tamil Nadu