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The Latest Breaking News from Oil

Ukraine knocks out Russian refineries as Russia kills dozens in Kyiv

Ukraine has cut Russia’s refining capacity by a fifth, in a bid to starve it of energy and revenue from exports.

Al Jazeera

You can be exposed to PFAS through food, water, even swimming in lakes – new maps show how risk from ‘forever chemicals’ varies

Since the 1940s, companies have been using PFAS – perfluoroalkyl and polyfluoroalkyl substances – to make products easier to use, from Teflon nonstick pots to waterproof rain gear, stain-resistant carpet and firefighting foam.

The Conversation

The seven things every driver should do with their car ahead of winter

From checking oil levels to electronics, it’s important to maintain your vehicle during winter

The Independent UK

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read the most diverse news in one place.

Taiwan accuses China of breaching international law over drilling

Island’s government demands halt to Chinese oil and gas operations in its exclusive economic zone

The Guardian - UK

UK court freezes £150m of assets of collapsed Prax Lindsey oil refinery owner

Newly published filings reveal granting of request by companies suing Sanjeev Kumar for breach of duties

The Guardian - UK

China accused of drilling for oil and gas inside Taiwan’s exclusive economic zone

China was reportedly building oil and gas rigs inside Taiwan’s exclusive economic zone, in what analysts claimed was part of a campaign to slowly chip away at the island’s defences and expand Beijing’s control of disputed waters.

The Independent UK

Guyana’s president claims victory in election held amid newfound oil riches

Irfaan Ali will be tasked with turning the profits of Guyana’s 2019 oil boom into prosperity for its citizens

The Guardian - AU

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Guyana's President Irfaan Ali: Oil Industry 'Puppet' Or Visionary?

Irfaan Ali, in office since 2020, is the first Guyanese leader to benefit from the South American country's massive oil reserves, which he leveraged to claim a second presidential term.

International Business Times

Guyanese President Irfaan Ali Claims Election Victory

Guyana's President Irfaan Ali claimed reelection Wednesday to a second term, tasked with turning the South American nation's newfound oil riches into prosperity while navigating tensions with neighbor Venezuela.

International Business Times

Cotton Bulls Hold onto Gains on Wednesday

Cotton futures posted stronger trade on Wednesday, with contracts up 10 to 16 points. The outside markets were mixed, as the US dollar index was down $0.252 on the day to $98.095 and crude oil futures $1.80 lower. The weekly NASS Crop Progress report showed cotton condition ratings down 3%...

Barchart

Crude Oil Prices Sharply Lower as OPEC+ Considers a Crude Production Increase

October WTI crude oil (CLV25 ) on Wednesday closed down -1.62 (-2.47%), and October RBOB gasoline (RBV25 ) closed down -0.0308 (-1.51%). Crude oil and gasoline prices retreated on Wednesday due to concerns of a global oil supply glut following a report from Reuters that OPEC+ is considering an increase...

Barchart

Soybean Weakness Continues on Wednesday

Soybeans are trading with another round of losses at midday, with contracts 8 to 9 cents lower. There were 586 deliveries issued against September beans. The cmdtyView national average Cash Bean price is down 8 3/4 cents at $9.55 1/4. Soymeal futures are down within 60 cents of unchanged at...

Barchart

Cotton Holding Higher on Wednesday

Cotton futures are trading steady to 11 points higher, with October thin and up 76 points. The US dollar index is up $0.367 on the day to $97.980, with crude oil futures $1.69 lower. The weekly NASS Crop Progress report showed 90% of the US cotton crop setting bolls as...

Barchart

Crude Oil Falls Over 2%; Campbell's Earnings Top Estimates

U.S. stocks traded mixed midway through trading, with the Dow Jones index falling more than 150 points on Wednesday.

Benzinga

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The Independent UK

Study: There is less room to store carbon dioxide, driver of climate change, than previously thought

A new study says the world has far fewer places to securely store carbon dioxide deep underground than previously thought, steeply lowering its potential to help stem global warming

Barchart

Crude Oil Prices Tumble as OPEC+ May Boost Crude Production

October WTI crude oil (CLV25 ) today is down -1.75 (-2.67%), and October RBOB gasoline (RBV25 ) is down -0.0301 (-1.47%). Crude oil and gasoline prices are falling sharply today on concerns of a global oil supply glut following a report from Reuters that OPEC+ is considering an increase in...

Radio France Internationale

Shell says it will not restart construction of Netherlands biofuels plant

British-Dutch oil giant Shell announced Wednesday it has abandoned construction of one of Europe's largest biofuel plants in the Netherlands, as it focuses on its fossil fuels business.

International Business Times

U.S. Sanctions Iraqi-Led Network Smuggling Iranian Oil Worth $300M

The U.S. Treasury sanctioned Iraqi businessman Waleed al-Samarra'i and his companies for smuggling Iranian oil disguised as Iraqi crude, a $300M operation funding Tehran's regime.

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Euronews

Fact check: debunking viral claims about Spanish olive oil

Several viral online claims are suggesting that Spanish olive oil is being secretly mixed with Moroccan oil. Others say that the government is preparing to recall olive oil products from the market due to overproduction. One of these claims is false - and the other, only partially true.

Barchart

Cotton Turning Higher on Wednesday Morning, as Condition Ratings Slip

Cotton price action is 11 to 31 points higher so far on Wednesday morning. Futures were down 49 to 64 points on the Tuesday session. The US dollar index was up $0.575 on the day to $98.265, with crude oil futures $0.96 higher. Th weekly NASS Crop Progress report showed...

Barchart

Soybeans Falling on Wednesday Morning Despite Ratings Drop

Soybeans are down 2 to 5 cents across most contracts early on Wednesday Futures posted losses of 9 to 13 ½ cents across most contracts on Tuesday. Preliminary open interest showed some rotation of ownership, down 1,310 contracts on Tuesday. There were 586 deliveries issued against September beans, all by...

We Got This Covered

Flour and cooking oil turned into ‘lures of death’ for thousands of Palestinians

Thousands of Palestinians have been killed while seeking food aid in Gaza.

Tom’s Guide

People are being urged to put cotton wool on their windowsills this month — here's why

Spotted spiders in your home? Get rid of these eight-legged pests with this clever, cotton wool trick.

Benzinga

3 Oil & Gas Stocks Too Cheap To Ignore

As trade markets near all-time highs, savvy investors searching for undervalued opportunities should turn their attention to the oil and gas sector. Recent value ranking data highlights three standout companies that have surged into the top 10th percentile of value performers this week.

Al Jazeera

How much do India, Russia, China trade and what goods do they buy?

Trade among India, China and Russia is valued at $452bn in goods. Al Jazeera breaks down the numbers.

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