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The Latest Breaking News from Oil

Crude Prices Erase Early Gains on a Bearish EIA Inventory Report

February WTI crude oil (CLG26 ) today is down -0.03 (-0.05%), and February RBOB gasoline (RBG26 ) is down -0.0196 (-1.13%). Crude oil and gasoline prices gave up an early advance and turned lower today on a mostly bearish weekly EIA inventory report. Also, today's rally in the dollar index...

Barchart

It’s easy to feel powerless about climate chaos. Here’s what gives me hope

I’ve spent six years writing about environmental justice. The uncomfortable truth is that we’re not all in it together – but people power is reshaping the fight

The Guardian - US

Soybeans Falling to Kickoff New Years Eve

Soybeans are trading with New Years Eve losses of 2 to 4 cents so far. Futures closed Tuesday with weakness, as contracts were down fractionally to 3 1/4 cents. Open interest was down 16,065 contracts on Tuesday mostly in January, with Wednesday as first notice day. There were 1,062 deliveries...

Barchart

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Cotton Starting Final Day of 2025 with Gains

Cotton price action is up 17 to 20 points in the front months. Futures slipped back on Tuesday, with contracts closing within 5 points of unchanged. Crude oil futures were down 13 cents per barrel at $57.95. The US dollar index was up $0.188 at $97.920. The Seam’s online auction...

Barchart

Crew paints Russian flag on Iran-linked tanker pursued by US

The operation by the US Coast Guard to seize the sanctioned tanker Bella 1 became more complicated after the crew painted a Russian flag, claiming Moscow's protection, during a 10-day Atlantic pursuit. The vessel linked to the Iranian oil trade is reportedly now empty.

Euronews

Ecology and Fuel: Viktor Genkulov Explains the Shipping Industry's Shift to Sustainable Fuels

A marine engineer from Ukraine explains why heavy fuel oil causes enormous environmental damage, what technical solutions make it possible to abandon it, and how fleet modernization helps maintain safety during wartime.

International Business Times

Cotton Closes Mixed, with Steady Trade on Tuesday

Cotton futures slipped back on Tuesday, with contracts closing within 5 points of unchanged. Crude oil futures were down 13 cents per barrel at $57.95. The US dollar index was up $0.188 at $97.920. The Seam’s online auction showed sales of 23,018 bales on December 29 at an average price...

Barchart

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Soybeans Close with Losses on Tuesday

Soybeans closed Tuesday with weakness, as contracts were down fractionally to 3 1/4 cents. The cmdtyView national average Cash Bean price was 3/4 cent lower at $9.80. Soymeal futures were steady to $2.10/ton lower, with Soy Oil futures up 7 to 15 points on the day. USDA reported a private...

Barchart

10 Small Repairs That Save Drivers Thousands Over Time

When I worked as a mechanic, I frequently saw customers stunned when they were told how much their “small repairs” would be (especially when I was working on Porsches). You might think that only the catastrophic issues are the expensive ones, but that’s not always true. In fact, it’s the…

Clever Dude

Runaway Tanker Reportedly Changes Course As It Flees From U.S. Forces

The crew of the Bella 1, the sanctioned oil tanker fleeing from U.S. forces, painted a Russian flag on the side of the vessel, an apparent attempt to claim Russian protection as it changes course and heads north, according to a new report.

Latin Times

Crude Oil Prices Turn Lower as the Dollar Strengthens

February WTI crude oil (CLG26 ) on Tuesday closed down -0.13 (-0.22%), and February RBOB gasoline (RBG26 ) closed up +0.0053 (+0.31%). Crude oil and gasoline prices settled mixed on Tuesday. Crude prices gave up an early advance and turned lower Tuesday after the dollar index (DXY00 ) climbed to...

Barchart

We sacrificed 14 shirts to find the best stain remover in the US, for spills from wine to oil

Even the messiest eaters can find stain fighters for every laundry nightmare, all tested against common culprits

The Guardian - US

Woman’s brand new car worked perfectly until she took it to the dealership for one simple service. Now they tell her it’s broken beyond repair

That's one expensive oil change.

We Got This Covered

Soybeans Holding Mostly Steady at Midday

Soybeans are showing steady trade on Tuesday, with January down 1 ¼ cents. The cmdtyView national average Cash Bean price is 1/4 cent lower at $9.80 1/2. Soymeal futures are down 40 cents to $2.20/ton. Soy Oil futures are up 22 to 25 points on the day. USDA reported a...

Barchart

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Cotton Trading Mixed on Tuesday

Cotton futures are showing mixed action on Tuesday, with contracts down 9 points to 5 points higher in the front months. Crude oil futures are down 7 cents per barrel higher at $58.01. The US dollar index is up $0.138 at $97.865. The Seam’s online auction showed sales of 23,018...

Latin Times

At Least Two Sanctioned Tankers Made It To Venezuela As U.S. Continues Enforcing Its Blockade On Sanctioned Vessels

At least two tankers have recently made it to Venezuela and more are on their way as Caracas seeks to keep selling crude despite the U.S.'s blockade of sanctioned vessels, a new report detailed.

MarketBeat

A Christmas Stress Test: Why Diesel Pricing Stress Means Profits

Diesel prices surged despite weak freight demand as supply tightened. Valero Energy and Phillips 66 are capturing higher margins while shippers face rising costs.

Latin Times

Venezuela's Second in Command Says U.S. 'Imperial Madness' Won't Spoil Holidays in the Country

Venezuela's interior minister Diosdado Cabello, widely regarded as Nicolás Maduro's second in command, said Monday that U.S. military pressure and recent actions by Washington will not disrupt holiday celebrations in Venezuela.

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Barchart

Crude Oil Prices Supported by Global Geopolitical Risks

February WTI crude oil (CLG26 ) today is up +0.23 (+0.40%), and February RBOB gasoline (RBG26 ) is up +0.0126 (+0.73%). Crude oil prices added to Monday's sharp gains today as global geopolitical risks from Venezuela, Nigeria, and Russia persist. Also, expectations that OPEC+ will stick with plans to pause...

Barchart

2025 Commodity Markets: A Wild Ride Wraps Up, All Eyes on 2026

Man, 2025 was a wild ride in commodities. Prices were down 7% overall per the World Bank, thanks to weak growth, oversupply, and all those tariff/election headaches. But hey, not total doom... precious metals absolutely crushed it.

Clever Dude

Cold Fronts Reveal Which Vehicles Were Properly Maintained

The temperature drops overnight, your breath fogs the air, and suddenly the parking lot becomes a stage where every vehicle performs its own winter audition. Some cars fire up with confidence, engines humming like they’ve been waiting for this moment. Others cough, hesitate, and betray months of neglected maintenance in…

The Independent UK

CIA carries out first drone strike on Venezuelan soil in latest escalation of Trump admin’s attacks on ‘narco terrorists’

US targeted alleged drug traffickers in first-known land attack inside the country

Barchart

Cotton Showing Early Tuesday Strength

Cotton price action is up 30 to 40 points on Tuesday morning. Futures slipped lower into the close, with contracts posting losses of 10 to 15 points on the day. Crude oil futures were $1.09 per barrel higher at $57.83. The US dollar index was steady at $97.700. The December...

Latin Times

Venezuelan Regime Reportedly Shutting Wells After Running Out Of Storage Space Due To Trump Blockade

The Venezuelan regime has begun shutting oil wells as it runs out of storage facility due to the blockade of sanctioned tankers imposed by the Trump administration, according to a new report.

International Business Times UK

New Era Energy Stock Plummets After CEO Flouts Environmental Rules for Personal Gains in Oil & Gas Scam

New Era Energy CEO siphoned revenue from New Mexico oil and gas wells that produce fossil fuels via shell companies while flouting environmental regulations.

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