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The Latest Breaking News from Oil

Cotton prices are up 6 to 9 cents so far on Tuesday. Futures closed the Monday session with bulls battling back, as futures were up 14 to 29 points. The US dollar index was back down $0.410 to $98.520, as crude oil futures were another $1.09/barrel lower. OPEC+ announced another...

Barchart

India accuses US, EU of Russia trade double standards: Who is right?

India pushes back against sanctions, tariffs over its purchase of Russian oil, says West trades more with Moscow.

Al Jazeera

Dyson unveils third beauty launch this month – here’s all you need to know

We're being seriously spoilt

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BP begins costs review as quarterly profits of £1.77bn beat forecast

Oil and gas group trying to fend off activist investors says it ‘can and will do better’ for its shareholders

The Guardian - UK

Tariff showdown shatters once robust populist alliance between Trump and Modi

Once allies during the populist wave launched in Trump's first term, the US president and Indian PM Narendra Modi are now on a collision course over tariffs and Washington’s warming ties with Pakistan.

Euronews

BP Maintains Outlook, Hikes Dividend And Rolls Out $750 Million Share Buyback

BP p.l.c. (NYSE:BP) reported better-than-expected earnings for the second quarter of 2025, although revenue came in below Wall Street expectations. The energy company posted adjusted earnings of 90 cents per American depositary share, topping the consensus estimate of 67 cents.

Benzinga

Oil Giant BP Surprises With Better Than Expected Earnings

Oil giant BP, which recently pivoted away from green energy, posted Tuesday better-than-expected quarterly earnings and announced a fresh review of costs.

International Business Times

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BP launches cost-cutting scheme despite beating profit expectations

The business review comes just a few months after BP said it would save $4bn to $5bn by the end of 2027, relative to 2023 costs.

Euronews

Who are the biggest buyers of Russian oil?

U.S. President Donald Trump is urging China and India to stop buying oil from Russia

The Independent UK

Oil Giant BP Returns To Profit In Second Quarter

British energy group BP on Tuesday posted a net profit for the second quarter, in contrast to weaker results from energy rivals, as lower exceptional charges offset falling oil prices.

International Business Times

Saudi Aramco Profit Drops For 10th Straight Quarter

Oil giant Saudi Aramco announced its 10th straight drop in quarterly profits on Tuesday as a slump in prices hit revenues, putting more pressure on the key driver of the Saudi economy.

International Business Times

India Says 'Revealing' That US Is Trading With Russia After Trump Accuses New Delhi Of Reselling Oil For 'Big Profits'

India on Tuesday charged that it is being "targeted" by the United States and the European Union over its Russian oil purchases after President Donald Trump warned he will "substantially" raise tariffs on Indian goods.

Benzinga

BP reveals plans for group-wide costs and business review as profits fall

The oil giant has been under pressure from shareholders to boost profits and cut costs.

Evening Standard

FTSE 100 Live 05 August: BP and Diageo results cheer, Domino’s Pizza shares slide

Results-day cheer for under-pressure BP and Diageo today helped the FTSE 100 index in a session when the value of Smith Nephew surged by 15%.

Evening Standard

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The Independent UK

India calls Trump’s tariff threat over Russian oil purchases ‘unjustified’

New Delhi lambasts US and EU saying ‘very nations criticising India are themselves indulging in trade with Russia’

The Independent UK

Asian shares track rally on Wall Street that won back most of Friday's wipeout

Asian shares have followed U.S. stocks higher after they won back most of their sharp loss from last week

The Independent UK

4 no-oven recipes to keep your kitchen cool during the UK heatwave

With temperatures set to hit 37C, skip the oven and try these easy summer recipes using just a hob or microwave

Benzinga

Trump Says India Selling Russian Oil For 'Big Profits' In Open Markets, Threatens To 'Substantially' Raise Tariff

President Donald Trump renewed threats on Monday to impose substantial tariffs on India over its continued purchases of Russian oil, accusing the nation of profiting from the Ukraine conflict while disregarding casualties.

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The Guardian - AU

Ukraine war briefing: Netherlands to buy €500m of US arms for Kyiv in first for new Nato supply line

Government says Patriot parts and missiles included while Nato chief expects announcements from other alliance countries soon. What we know on day 1,259

Barchart

Cotton Bulls Battle Back on Monday

Cotton futures closed the Monday session with bulls battling back, as futures were up 14 to 29 points. The US dollar index was back down $0.410 to $98.520, as crude oil futures were another $1.09/barrel lower. OPEC+ announced another production hike of 547,000 barrels per day in September. The weekly...

Barchart

Soybean Bulls Gain Ground on Meal Strength

Soybean futures rounded out the Monday session with contracts 5 to 7 ¼ cents in the green. The cmdtyView national average Cash Bean price was up 5 3/4 cents at $9.37 ½. Soymeal futures posted Monday gains of $1.90 to $6.30/ton. Soy Oil futures were mixed, with futures down 22...

The Independent UK

The best bug sprays to keep mosquitoes and other insects at bay, tried and tested

These DEET, citriodiol, and picaridin formulas will help you avoid mosquito and tick bites this summer

The Independent UK

The diet doctors regard as one of the healthiest

The Mediterranean diet is recommended by doctors for a reason

Barchart

Global Oil Glut Concerns Weigh on Crude Prices

September WTI crude oil (CLU25 ) Monday closed down -1.04 (-1.54%), and September RBOB gasoline (RBU25 ) closed down -0.0164 (-0.77%). Crude oil and gasoline prices settled lower on Monday after OPEC+ on Sunday raised its crude production levels, stoking fears of a global supply glut. Crude prices recovered from...

Barchart

Cotton Posting Monday Pop Higher

Cotton futures are up 22 to 28 points a midday. The US dollar index was back down $0.375 to $98.545, as crude oil futures are another $1/barrel lower. OPEC+ announced another production hike of 547,000 barrels per day in September. CFTC data showed spec funds in cotton futures and options...

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