Oil prices on Wednesday climbed to their highest level in more than a month as fighting in the Middle East escalated and a top U.S. official voiced pessimism about peace talks. Brent crude futures, the benchmark index for worldwide tr...
New details in foiled plot targeting UFC at White House...
ABU DHABI, United Arab Emirates -- Abu Dhabi hosted a major oil summit Monday, hours after the OPEC+ group of the cartel and its allies said it would halt further production increases planned in the first quarter of 2026 over concerns of too muc...
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Oil prices fell in early Asian trade after Iran's reprisal attack on Israel over the weekend. Brent crude - a key benchmark for oil prices internationally - was lower but still trading close to $90 a barrel on Monday morning. Prices had already ris...
The world's oil and gas industry has been warned it faces a "moment of truth" at next week's UN climate talks. Dr Fatih Birol, head of energy watchdog the International Energy Agency, was speaking as the IEA published a new repo...
The US central bank has raised interest rates again, despite fears that the move could add to financial turmoil after a string of bank failures. The Federal Reserve increased its key rate by 0.25 percentage points, calling the banking sys...
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Russia has banned oil sales to countries and companies that comply with a price cap agreed by Western nationsearlier this month. The price cap - which was agreed by the G7 group of nations, Australia and the EU - came into force on...
More than one million Americans and Canadians are facing Christmas Day without power as a massive winter storm continues to pummel North America. A bomb cyclone, when atmospheric pressure plummets, has brought snow, strong winds and freezing tempera...
Farmers used to test the quality of their soil by burying a pair of underpants in the ground and seeing how quickly they rotted. The idea being that the more healthy micro-organisms there are in the ground, such as bacteria and fungi, the...
European Union countries will face five to 10 terrible winters if nothing is done to reduce gas prices, Belgium's energy minister says. Tinne Van der Straeten said gas prices should be frozen and not used to dictate the price of electricity...
Global oil prices have fallen as China starts to implement a city-wide lockdown in Shanghai, an important financial and manufacturing hub. Brent crude lost more than $4.50 a barrel on concerns that the move would mean that demand...
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Oil prices rose on Thursday amid confusion over whether major producers would help to plug a gap in supplies from Russia. The United Arab Emirates had appeared to push members of the Opec producer group to raise output, only for ...
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Shell has defended its decision to purchase Russian crude oil despite the invasion and bombardment of Ukraine. The oil giant said in a statement that the decision to purchase the fuel at a discounted price was "difficult&quo...
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