The Latest Breaking News from Oil

Venezuela Hit By Nationwide Power Outage

A blackout left most of Venezuela without power Friday in what authorities blamed on sabotage of the national electrical grid -- the latest crisis to hit the oil-rich country after a disputed presidential election.

International Business Times · Aug 30, 2024

Chilling video shows Houthi rebels blowing up tanker threatening huge Red Sea oil spill

United Nations has warned any oil spill from the tanker could devastate the coral reefs and wildlife around the Red Sea

Evening Standard · Aug 30, 2024

Gavin Newsom's 'Price Gouging' Shtick Is Running on Empty

Gas prices in California are exceptionally high because of the state's high taxes and anti-oil regulations, not because gas station owners there are greedier.

Reason · Aug 30, 2024

Harris Says In First Interview US Ready To Turn Page On Trump

The 59-year-old Democrat insisted on CNN that she would be tough on illegal immigration and support controversial oil and gas fracking -- while sticking to her liberal background by pledging a fairer economy.

International Business Times · Aug 30, 2024

Ecuador starts dismantling Yasuni National Park oil block two days before court deadline

Ecuador’s Ministry for Energy and Mines says it has begun to dismantle infrastructure on a controversial oil drilling block in Yasuni National Park, home to the Waorani Indigenous people

The Independent UK · Aug 29, 2024

What if Big Oil championed – and profited from – the green transition? Here’s how it could work

Like the petroleum industry itself, households are heavily invested in existing transport technologies. Getting oil and gas companies – and consumers – to switch to zero-emissions transport is a huge challenge.

The Conversation · Aug 29, 2024

Crude Closes Higher on Economic Optimism and Prospects for Tighter Global Oil Supplies

Oct WTI crude oil (CLV24 ) Thursday closed up +1.39 (+1.87%), and Oct RBOB gasoline (RBV24 ) closed up +4.04 (+1.95%). Crude oil and gasoline prices settled moderately higher Thursday on signs of strength in the US economy that supports energy demand. Crude also moved higher as supply disruptions in...

Barchart · Aug 29, 2024

Houthis release footage of fighters boarding Greek oil tanker in Red Sea

Video appears to show a series of explosions on the vessel, amid fears of a potential major oil spill.

Al Jazeera · Aug 29, 2024

You’ve been sleeping on the latest beauty trend: astrology

From face oils to candles, the beauty industry has started taking inspiration from the stars

Evening Standard · Aug 29, 2024

Houthi Rebels Sabotage Greek Tanker In Red Sea

Houthi rebels sabotage Greek tanker Sounion, risking major oil spill in Red Sea. International concern over environmental impact.

Top News · Aug 29, 2024