Latest from Oil

US inflation stubborn as prices keep rising

Much as Kiwis do, American consumers confront sticky inflation.

Will the oil price rally continue?

Financial Times: Traders are asking how much further oil can rally.

NZ still spending more than it earns - but the deficit shrinks as tourists return

The goods deficit narrowed as we imported less, despite falling export returns.

Un-banning oil and gas exploration won't fix energy supply gaps - report

According to a report, without investment in gas networks, supply will run short.

Houthis defy warning from NZ and allies on Red Sea attacks

NZ is among 14 countries calling for an immediate end to threats against commercial ships.

Heavy lifting in Tasman Bay

The first operation to load a drilling platform onto a semi-submersible vessel in Tasman Bay was completed yesterday, in preparation for the rig's relocation to Australia. The delicate operation took 10 hours and required a one-mile exclusion zone. Video / Tim Cuff

Red Sea ship attacks pose another threat to global economy

New York Times: Just as inflation eases, a key shipping route becomes a battleground.

Former BP boss Bernard Looney to forfeit up to $66 million after ‘serious misconduct’

Financial Times: 'One hell of a reaction' as ex-CEO failed to disclose past relationships.

Biden goes into 2024 with economy getting stronger, but voters feel horrible

Turkeys, petrol and unrealistic Insta-glam expectations may influence the mood of voters.

Saudi Arabia’s energy minister says oil cuts not about ‘jacking up prices’

Financial Times: Prince Abdulaziz bin Salman defends lower output as crude nears US$95.

BP’s board started fresh probe into Bernard Looney’s conduct last week

Financial Times: New claims regarding undisclosed relations with colleagues.

BP chief Bernard Looney resigns over past relationships with colleagues

Financial Times: Irish executive has led British oil major since 2020

Oil shock: Motorists should brace for more pain despite warning to petrol companies

Surge comes as Commerce Commissions sends 'please explain' over regional pricing.

US oil tanker carrying sanctioned crude oil offloaded near Texas

American-owned oil tanker carrying Iranian crude oil offloaded its cargo near Texas.

Rising petrol price brings pain at pump and new headache in inflation fight

Oil prices are on the rise again, putting more pressure on consumers.

Gas mogul who redrew energy map clings to ranch after loans come due

Financial Times: He pioneered the American LNG boom but now warns of homelessness.

Jarden Brief: Chip wars and oil price intrigue

Machinations in motion to manipulate oil price.

Liam Dann: Global oil slump offers some respite as petrol tax comes back

Petrol prices are set to rise by around 29c a litre on July 1.