The Latest Breaking News from OPEC

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

Hopes for finishing a critical climate summit on time faded early Tuesday as countries were still far apart on key issues, including an agreement on what to do about the fossil fuels that are causing dangerous global warming

January WTI crude oil (CLF24 ) on Monday closed up +0.09 (+0.13%), and Jan RBOB gasoline (RBF24 ) closed down -0.0067 (-0.33%). Crude oil and gasoline prices on Monday settled mixed. Crude prices Monday recovered from early losses and posted modest gains after the AAA predicted a record number of...

Vladimir Putin's whirlwind tour to Abu Dhabi and Riyadh, followed by Raisi's visit to Moscow, signals Russia's commitment to regional stability and a multipolar world order, with China and Russia as guarantors.

January WTI crude oil (CLF24) this morning is up +0.03 (+0.04%), and Jan RBOB gasoline (RBF24) is up +0.0026 (+0.13%). Crude oil and gasoline prices this morning recoverd from early losses and are slightly higher after the AAA predicted a record number of air travelers during Christmas week, a positive...

UN climate talks negotiators were under growing pressure on Sunday as the deadline nears to strike a new global deal aimed at keeping global warming within 1.5 degrees Celsius.