Oil

The American epoch of oil is collapsing. What comes next could be ugly | Jonathan Watts
“Farewell,” the flag-waving Chinese children chanted to Donald Trump as he strolled along the red carpet back to Air Force One at the end of his summit with Xi...
Ukraine war briefing: US allows Russian oil sanctions waiver to lapse; unexploded projectile lands in Romania
The Trump administration on Saturday allowed a sanctions waiver to lapse that had previously allowed countries including India to buy Russian seaborne oil after a month-long extension aimed at...
Cuba has run out of diesel and fuel oil, energy minister says, as US blockade pushes island to brink
Cuba has completely run out of diesel and fuel oil, the country’s energy minister said on Wednesday, as Havana faces its worst rolling blackouts in decades amid a US...
Iran deal optimism pushes oil price back below $100; UK builders hit by surge in costs – business live
Oil drops back below $100 a barrel againThe Brent crude oil price is dropping this morning, towards the two-week lows hit yesterday.Brent is down around 3% at $98.30 a...
Ukraine war briefing: Strikes on Russia’s Primorsk oil port and ships
Two people were killed and three others wounded as Russian drones struck Ukraine’s southern Odesa region overnight into Sunday, the Ukrainian emergency service reported. It said the attack damaged...
Trump may not be a fan of clean energy but Iran war is accelerating global shift from oil and gas | Heather Stewart
Operation Epic Fury has thus far achieved none of Donald Trump’s war aims, but it may well accelerate the global transition towards the clean energy he loves to hate.Last...
Ukraine war briefing: Russian oil hub of Tuapse hit for fourth time as environmental disaster mounts
Ukrainian drones struck Russia’s Black Sea port of Tuapse on Friday for the fourth time in 16 days as authorities struggled to cope with a growing environmental disaster from...
Germany’s climate U-turn is the worst possible response to the oil shock
The car is perhaps the closest thing Germany has to a national symbol. For this reason, the success of the auto industry and the happiness of motorists has long...
Oil price soars to highest price since 2022 as US-Iran impasse shows no sign of resolution
The price of Brent oil soared above $122 a barrel on Wednesday, its highest level since 2022, as US-Iran ceasefire negotiations stalled and the critical strait of Hormuz remained...
US gas prices hit $4.23 high as Hormuz fears drive oil surge
Average US gas prices have hit a new high at $4.23 a gallon, their highest since 2022 and a record since the start of the war with Iran, according...