UK must allow new oil and gas fields or face future shortages, trade body says

OGUK said blocking oil and gas projects would leave consumers more exposed to soaring energy bills

British Olympians join Extinction Rebellion protest at Hampshire oil refinery

The activists are protesting against ExxonMobil’s reported plans to expand its fossil fuel extraction

Which are the top 5 oil-producing countries in the world?

This week, the ELN top 5 series looks at the five largest oil producers in the world

bp pulls the plug on 65-year-old Australian oil refinery

The refinery will be converted to a fuel import terminal while the oil giant is also exploring options for a clean energy hub

India plans to store oil in the US amid the global pandemic

As part of a new agreement with the US, India discussed the possibility of storing oil in the American emergency stockpile

Yemen oil tanker poses ‘catastrophic environmental threat’, warns UK

The rusting FSO SAFER oil tanker has 1.14 million barrels of crude oil on board

South Africa announces increases to fuel prices

Changes in Brent crude oil prices, along with the appreciation of the national currency against the dollar has informed the decision – applicable from June 3, 2020

Coronavirus knocks oil prices below zero for first time in history

US oil prices turning negative for the first time in history means some producers were paying customers to take oil off their hands

Oil and gas business
US to purchase 77m crude oil barrels to support producers amid pandemic

It has initially bought 30 million crude oil barrels to place in its Strategic Petroleum Reserve

Chevron cuts capital spending by $4bn in response to coronavirus crisis

US oil giant said it would “continue to execute” plans to reduce operating costs by more than $1bn by the end of the year