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...
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...
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...
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...
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 ...
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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Scallions cook in oil for a homemade Taiwanese noodle dish. Want a quick and easy noodle dish to warm up with this winter? Look no further than these scallion oil noodles. Serves: 6 Ingredients 6-10 stocks of green onion ½...
The price of US oil has turned negative for the first time in history. That means oil producers are paying buyers to take the commodity off their hands over fears that storage capacity could run out in May. Demand for oil has all but dried ...
Opec producers and allies have agreed a record oil deal that will slash global output by about 10% after a slump in demand caused by coronavirus lockdowns. The deal, agreed on Sunday via video conference, is the largest cut in oil production...
Opec producers and allies have agreed to cut output by more than a fifth to counter the slump in demand caused by coronavirus lockdowns. The group said it would cut output in May and June by 10 million barrels to help prop up prices. The cut...
With theCOVID-19outbreak getting more and more out of hand, more people are panic buying just in case the outbreak reaches a whole other level where we are all forced to stay home and all stores are closed. The situation became so bad ...
It is not every day that a surfer and environmental campaigner addresses the annual general meeting of one of the world's biggest oil companies. But that is what happened earlier this year, when Australian Heath Joske spoke to shareholders o...
Oil prices hit their highest in four months after two attacks on Saudi Arabian facilities on Saturday knocked out more than 5% of global supply. At the start of trading, Brent crude jumped 19% to $71.95 a barrel, while the other major benchm...