The Latest Breaking News from Oil

IRPC, a petrochemical arm of national oil and gas conglomerate PTT Plc, plans to develop a 2-billion-baht gas separation plant to support its production of cleaner oil under a cooperation agreement with Bangkok Industrial Gas Co (BIG), Thailand's largest industrial gas producer.

Recap: Asian shares were mixed yesterday as investors grew more concerned over the economic downturn after data showed a sharp second-quarter slowdown in China. However, some investors welcomed comments from two US Federal Reserve governors who said an overly aggressive interest-rate increase was probably not needed.

JEDDAH, Saudi Arabia — President Joe Biden met here on Friday with the leaders of the oil-rich country he once vowed to make a “pariah” over its human rights abuses as the White House scrambles to mitigate record inflation and high gas prices hammering Americans in an election year.

Navamy Sudhish reports on the disastrous impact of extreme climate events, rising fuel prices, destructive fishing practices, and overexploitation on livelihoods and biodiversity

Analysis: US president aiming to convince Jeddah to increase oil supply in order to calm global energy markets

The United States on Friday applauded efforts by Lebanon and Israel seeking to reach a decision on maritime boundaries and said it remains committed to facilitating the ongoing negotiations that will help determine oil and gas resources. The Biden administration thinks a deal could "yield greater stability, security, and prosperity…

Oil markets top of the agenda for US president who receives subdued welcome three years after Jamal Khashoggi comments

The price of heating oil has reduced significantly in the past week

Both cars are over 20 years old and both have V8s under the hood. But one significantly outlasts the other.