oil

The Swedish activist was one of 26 people arrested over the demonstrations in front of a major fossil fuel conference in London.

Oil prices rose above $91 a barrel Monday as diplomatic efforts to address the crisis in the Middle East intensified.

Crude dropped as low as US$82.24 a barrel, as the price of the commodity went into free fall.

Why are prices rising to record levels, and when are they likely to start declining? Let's take a look.

A spike in global oil prices and jitters over China's economy saw the currency drop to a 10-month low.

Five Greenpeace demonstrators have been arrested after a remarkable manor house protest.

It will burrow far into the Earth's crust as the country steps up its search - thousands of metres underground.

Shell Chairman Andrew Mackenzie could not start the meeting for more than an hour as dozens of protesters stood up, chanting and singing "Shut down Shell" and "Go to hell, Shell".

Energy and environment ministers vowed to work to hasten the shift toward cleaner, renewable energy, but set no timetable for phasing out coal-fired power plants.

The monster profit came off the back of energy prices rising after Russia launched its war on Ukraine

Yemen’s ruinous civil war has wrecked the country’s economy and pushed half of the population to the brink of famine.

With almost every other cost of living going up, Sydney motorists are enjoying petrol prices that have plunged 30 cents over the past month.

Russian authorities rejected a price cap on the country's oil and threatened to stop supplying the nations that endorsed it.

Today prices were hovering around $2.06 on average per litre for regular unleaded, with E10 fuel for $1.73 per litre in some towns and suburbs.

BP's earnings more than doubled in the third quarter as the London-based energy giant benefited from high oil and natural gas prices following Russia's invasion of Ukraine.

Tahlia Storlaski is taking matters into her own hands, colouring over the Woodside Energy logo on her six-year-old daughter's Nippers uniform.

Two supporters of the campaign group Just Stop Oil were captured on camera smearing chocolate cake over the lifelike model of the British monarch on Monday.

Climate activists threw mashed potatoes at a Claude Monet painting in a German museum today to protest fossil fuel extraction, but caused no damage to the artwork.

Last week a Van Gogh masterpiece was the target, today it was Aston Martin.

Two anti-fossil fuel protesters who threw tomato soup on Van Gogh's Sunflowers at a London gallery - a painting estimated to be worth $134 million - have been charged.

The OPEC+ alliance of oil-exporting countries has decided to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise petrol prices at the bowser.

Data shows drivers have been slugged with skyrocketing petrol prices, even though retailers are paying less and less for the product.

It's best you fill up before the start of next month, because petrol prices are about to skyrocket.

Lukoil, Russia's second biggest oil and gas company, made headlines in March when it called "for the soonest termination of the armed conflict" in Ukraine.

A prolonged war in the South China Sea would threaten 90 per cent of Australia's fuel imports and supplies would run out after two months, a study released today warns.

For the first time in nearly two months, crude oil prices have fallen below $US100 ($147) a barrel, reflecting investors' growing concerns about a US recession that could crimp demand for oil.

A drone strike has caused a fire at a refinery in southwestern Russia near the border with Ukraine.

Sri Lanka's debt-laden economy has "collapsed" after months of shortages of food, fuel and electricity, its prime minister told lawmakers as the country seeks help from international lenders.

Russia has made more money from the sale of fossil fuels since the war in Ukraine began than in peacetime, new research has found.

Australia's soaring inflation is still lower than the vast majority of OECD nations, but a leading economist has warned the worst is yet to come.

The EU has pledged to cut Russian crude oil imports, but the powerful nation has become the only country in Europe to increase them.

Germany is ready to support a European ban on imports of Russian oil, and won't be "blackmailed" by Moscow into paying for natural gas in rubles.

Matt Canavan has described 2050 net-zero targets as "dead", hours after PM Scott Morrison defended his commitment to it.

There are signs that the European Union could be next.

In tomorrow's Federal Budget it is expected the Morrison Government will propose a temporary reduction in the fuel excise of between 10 and 20 cents.

Russian tanks and missiles hitting Ukraine are also rocking global commodity markets around the world.

As prices spiral out of control, many are calling for the government to dump it's main petrol tax: the fuel excise.

US President Joe Biden announced the US is "targeting the main artery of Russia's economy" by banning imports of Russian oil, the latest sanction intended to punish Moscow for its invasion of Ukraine.

Qantas CEO Alan Joyce has warned that airlines may be forced to hike up airfares as the cost of oil sky rockets.

Energy giant Shell says it will stop buying Russian oil and natural gas as well as shut down its service stations and other operations in the country

Australians continue to get slugged at the petrol pump, as oil jumped to record highs overnight.

The price of US Crude oil has peaked to its highest level to the Global Financial Crisis in 2008.

There is growing concern that Putin could retaliate by using crude oil as a weapon against the West.

BP has held a 19.75 per cent stake in Rosneft since 2013. That stake is currently valued at $US14 billion ($19.50 billion).

Three super-rich Russian oligarchs with close ties to Vladimir Putin have been blacklisted with punishing UK sanctions.

If Russia invades Ukraine, the financial shockwaves will reverberate far and wide and be felt in Australia.

The last time petrol prices were this high Kevin Rudd was prime minister and Margot Robbie was making her debut on Neighbours.

As Western governments threaten Russia with unprecedented sanctions aimed at deterring an invasion of Ukraine, there's one measure that strikes fear at the heart of the Kremlin.

Petrol prices hit a seven-year high across Australia in October, the Australian Competition and Consumer Commission has said.

Sydney petrol prices are set to continue rising in the coming week despite global oil prices falling.