The Latest Breaking News from OPEC

The absence of a ‘phase-out’ let petrostates off the hook, but there are multiple other ways to end the era of coal, oil and gas

Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to prop up prices, the IEA said on Thursday.

January WTI crude oil (CLF24 ) on Wednesday closed up +0.86 (+1.25%), and Jan RBOB gasoline (RBF24 ) closed up +4.52 (+2.78%). Crude oil and gasoline prices on Wednesday recovered from early losses and closed moderately higher after weekly EIA crude inventories fell more than expected. A weaker dollar Wednesday...

January WTI crude oil (CLF24 ) this morning is up +0.93 (+1.36%), and Jan RBOB gasoline (RBF24 ) is up +4.29 (+2.17%). Crude oil and gasoline prices this morning recovered from early losses and are moderately higher after weekly EIA crude inventories fell more than expected. Energy prices today initially...

The oil industry is expected to sustain momentum with an anticipated price rise in the coming year. Considering this, let's explore whether to buy or hold energy stocks Permianville Royalty Trust (PVL), Schlumberger Limited (SLB), and Subsea 7 (SUBCY) this December. Read on….

The energy sector is expected to effectively handle immediate supply limitations and address long-term demand surges as it experiences steady growth. Therefore, despite the recent decline in energy prices, fundamentally strong energy stocks Energy Transfer (ET), NOW (DNOW), and Ranger Energy Services (RNGR) could be wise portfolio additions. Read more….

Flurry of shuttle diplomacy under way at UN-led negotiations in UAE as countries fight over wording of potential deal.

January WTI crude oil (CLF24 ) this morning is down -2.52 (-3.53%), and Jan RBOB gasoline (RBF24 ) is down -0.0621 (-3.04%). Crude oil and gasoline prices this morning are sharply lower, with crude dropping to a 5-1/2 month low and gasoline sinking to a 2-year low. Signs of stronger...

The oil and gas lobby, out in force in UAE's Dubai, succeeded in preventing a commitment to phase out fossil fuels.

Major oil companies are under pressure to invest more money in clean energy — but there's a big hurdle: It's still a hell of a lot more profitable to produce fossil fuels.

A draft agreement has been described as 'meaningless' and 'a charade' by countries who say more must be done to phase out oil, coal and gas