Ukraine’s navy says it has struck an “elite” Russian special unit located on a Black Sea oil rig. An anti-tank missile crew was killed in the strike and reconnaissance equipment was destroyed at the Syvash drilling rig, near Russian-occupied Crimea, the naval forces said in a Telegram post.

Amin Nasser, CEO of Aramco, sits down with CNBC’s Sara Eisen to discuss oil demand, how the company is looking to diversify its business, and much more.

Oil prices fell on Tuesday due to increasing oversupply concerns following OPEC+'s decision to pause supply hikes and the impact of a stronger U.S. dollar.

A North Sea oil field has reached its landmark 50th anniversary. The Forties field - which was one of the most important in the establishment of the industry in the area - was inaugurated in Aberdeen by Queen Elizabeth II on 3 November 1975.

BP reported better than expected quarterly profits on Tuesday, as chief executive Murray Auchincloss presses ahead with a plan to refocus the company on its core oil and gas businesses.

U.S. August oil production increased by 86 kb/d to 13,794 kb/d, another new high. Texas production has rebounded since the weather-related January 2025 drop. August’s production is essentially the same as October 2024.

The vehicles, which have been specially adapted, are being fuelled by hydrotreated vegetable oil (HVO). The fuel is made up from biomass materials, including recycled cooking oil, fats, greases and vegetable oils. Highland Council said HVO was being used as a direct replacement for white diesel.

Simply Sunflower's cold-pressed oil process preserves nutrients that RFK Jr.'s "Make America Healthy Again" anti-seed oil campaign overlooks.

Resources for the Future examined how the Lone Star State and other oil and gas states tax producers and save what they collect.