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The Latest Breaking News from Oil

March NY world sugar #11 (SBH26 ) on Thursday closed down -0.06 (-0.40%), and March London ICE white sugar #5 (SWH26 ) closed down -1.90 (-0.45%). Sugar prices gave up early gains on Thursday and turned lower after crude oil prices plunged. WTI crude (CLF26 ) tumbled to a 7-week...

Barchart

Trump expands Venezuela sanctions as Maduro decries new ‘era of piracy’

Six more oil supertankers added to sanctions list, as well as members of Maduro’s extended family, amid rising tensions following tanker seizure

The Guardian - US

Noem links the seizure of an oil tanker off Venezuela to US antidrug efforts

Homeland Security Secretary Kristi Noem has linked the seizure of an oil tanker off the coast of Venezuela to the Trump administration's counterdrug efforts

The Independent UK

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Cotton Trading with Slight Thursday Midday Losses

Cotton futures are down 7 to 12 points across most front months at Thursday’s midday. Crude oil futures are down $1.15 per barrel at $57.32, with the US dollar index $0.568 lower to $98.200. Export Sales data was released this morning for the week of 11/13 showed cotton bookings at...

Barchart

Soybeans Showing Slight Gains on Thursday

Soybeans are up 1 to 3 cents at Thursday’s midday. The cmdtyView national average Cash Bean price is 2 ¼ cents higher at $10.23. Soymeal futures are up $1.50, with Soy Oil futures 30 to 38 points lower. There were 4 deliveries issued against December soybean oil on Wednesday. USDA...

Barchart

Scoop: Trump sanctions Maduro's nephews, 6 ships carrying Venezuela oil

It's the latest turn in President Trump's pressure campaign on Maduro, whom the administration has accused of leading a narco-trafficking terrorist organization.

Axios

British Politician Jeremy Corbyn Agrees With Venezuela, Claims U.S. Seizure Of Tanker Near Its Coast Is An 'Act Of Piracy'

British politician Jeremy Corbyn agreed with Venezuela's claim that the seizure of an oil tanker off its coast by U.S. forces constituted an "act of piracy" and it is "wholly illegal within international law."

Latin Times

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What does international law tell us about the US seizure of an oil tanker off the coast of Venezuela?

“We’ve just seized a tanker on the coast of Venezuela – a large tanker, very large, the largest one ever seized actually,” said Donald Trump on December 10. In a dramatic operation, US forces had just taken over an oil tanker called Skipper, which was sanctioned by the US in…

The Conversation

Sugar Prices Weighed Down by Weakness in Crude Oil

March NY world sugar #11 (SBH26 ) today is down -0.01 (-0.07%), and March London ICE white sugar #5 (SWH26 ) is down -0.80 (-0.19%). Sugar prices gave up early gains today and turned lower after crude oil prices plunged. WTI crude (CLF26 ) tumbled more than -2% today to...

Barchart

Crude Oil Prices Retreat on Concerns Over a Global Oil Glut

January WTI crude oil (CLF26 ) today is down -1.27 (-2.17%), and January RBOB gasoline (RBF26 ) is down -0.0342 (-1.92%). Crude oil and gasoline prices are sharply lower today, with crude posting a 7-week low and gasoline slumping to a 4.75-year nearest-futures low. Concerns about a global oil glut...

Barchart

US lawmakers condemn seizure of Venezuelan oil tanker: ‘Trump is sleepwalking us into a war’

Unease grows in Washington, including among some Republicans, over Trump administration’s escalating military posture in the Caribbean

The Guardian - US

Russia Reiterates Its Support For Venezuela After U.S. Seizes Tanker Off Its Coast

Russian President Vladimir Putin held a call with Venezuela's authoritarian President Nicolas Maduro, where he reiterated Moscow's support for Caracas.

International Business Times

Venezuela Decries Act of 'International Piracy' as U.S. Seizes Oil Tanker Off Country's Coast

Venezuela accused the United States of committing an act of "international piracy" after U.S. forces seized an oil tanker near the country's coastline.

Latin Times

A Divided Fed

Plus: Cocaine and mustard gas, U.S. seizes oil tanker, billionaires in the White House, and more...

Reason

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The Guardian - AU

What we know about the oil tanker seized by the US off the Venezuela coast

The Skipper, a tanker sanctioned by the US in 2022, is thought to have been carrying 1.1m barrels of Venezuelan oil

Barchart

Cotton Slipping Back on Thursday Morning

Cotton price action is down 2 to 6 points across most front months on Thursday. Futures closed the Wednesday session with contracts up 25 to 30 points in the front months. Crude oil futures were up 71 cents per barrel at the close at $58.96, with the US dollar index...

Barchart

Soybeans Higher to Start Thursday Trade

Soybeans are up 1 to 3 cents on Thursday morning. Futures were 1 to 4 cents higher across most contracts on Wednesday. Open interest was down 9,608 contracts on Wednesday. The cmdtyView national average Cash Bean price was 4 1/4 cents lower at $10.21 3/4. Soymeal futures were steady to...

The Guardian - UK

First Thing: Venezuela decries ‘act of piracy’ after US forces seize oil tanker off country’s coast

The move marks a major escalation of Trump’s pressure campaign against Nicolás Maduro. Plus, how Hasan Piker became one of the biggest voices on the US left

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Euronews

Ukrainian sea drones reportedly hit another Russian shadow fleet vessel in Black Sea

Sources at Ukraine’s security service claim the Dashan tanker had received "critical damage" after it got hit by sea drones in Black Sea off Crimea’s coast.

We Got This Covered

‘Completely unhinged’: Trump transforms US forces into thieving pirates, captures tanker, steals contents

Yo-ho-ho...

Newslaundry

Press Club of India elections: Battle to reassert ‘democratic-secular values’ vs RSS influence

“We will not succumb to this attack. Today, the world should know what Hindustan is doing to Kashmir. The world should know that this is Modi’s India, not Gandhi’s,” declared Sheikh Abdul Rashid – then an independent MLA, today a sitting MP – his voice steady even as black ink…

The Independent UK

Trump and White House blast ‘Fake News’ journalists and negative polls as president pushes affordability agenda: Live updates

A new poll found Trump’s approval rating on the economy has declined substantially in recent months

The Independent UK

Ukrainian navy cripples Russian shadow fleet tanker with sea drone strike

Kyiv has targeted Moscow’s ‘shadow fleet’ in an effort to damage Russia’s wartime economy

Euronews

US seizes Venezuelan oil tanker in major escalation with Maduro

The US seized an oil tanker carrying Venezuelan crude in what President Trump called the largest such operation ever, prompting Caracas to condemn the action as piracy.

Evening Standard

Dramatic moment US troops storm oil tanker as Venezuela accuses Trump administration of 'piracy'

‘We've just seized a tanker on the coast of Venezuela, large tanker, very large, largest one ever, actually, and other things are happening,’ says US President Donald Trump

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