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The Latest Breaking News from Oil

Trump signs executive order to impose tariffs on countries supplying oil to Cuba

President Trump signed an executive order allowing new tariffs on countries selling oil to Cuba, intensifying US pressure on the Cuban government. Mexican President Claudia Sheinbaum stated her country has temporarily halted oil shipments to Cuba, asserting it was a sovereign decision independent of US influence.

The Times of India

Venezuela approves bill to open oil sector to foreign investment after US pressure

Law will give private companies more control but experts unsure whether changes go far enough for US

The Guardian - UK

Cotton Closes Weaker on Thursday

Cotton futures posted weakness on Thursday with contracts closing down 9 to 25 points. Crude oil futures were up $2.28 per barrel on the day at $65.49. The US dollar index was back down $0.264 to $96.010. Export Sales data showed 203,666 RB of cotton sold in the week ending...

Barchart

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Soybeans Fall Back on Thursday

Soybeans reverted from the early gains on Thursday with contracts closing 1 to 3 cents lower. The cmdtyView national average Cash Bean price is 2 3/4 cents lower at $10.05. Soymeal futures were $0.60 to $1.80 lower, with Soy Oil futures 21 to 28 points lower. USDA released Export Sales...

Barchart

After Trump push, Venezuela moves to open oil sector, ending years of state control

Venezuela's National Assembly has approved a new law opening its oil sector to private companies. This reverses a policy of state control lasting over 20 years. The law allows private firms to manage oil production and sales. It also permits international arbitration for disputes. Extraction taxes will be adjusted.

The Times of India

Venezuelan lawmakers approve easing state control of oil industry

Venezuela's legislature has approved opening the nation's oil sector to privatization

The Independent UK

Crude Prices Surge as President Trump Ramps Up Pressure on Iran

March WTI crude oil (CLH26 ) on Thursday closed up +2.21 (+3.50%), and March RBOB gasoline (RBH26 ) closed up +0.0312 (+1.64%). Crude oil and gasoline prices added to this week's sharp gains on Thursday, with crude oil climbing to a 4.25-month high and gasoline climbing to a 2-month high....

Barchart

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Trump orders immediate reopening of commercial airspace over Venezuela

Order allows direct flights from US to Venezuela, as major oil companies already on ground to assess potential operations

The Guardian - US

Soybeans Pulling Back at Midday

Soybeans are down 2 to 4 ¼ cents at midday. The cmdtyView national average Cash Bean price is 4 1/4 cents lower at $10.04 1/2. Soymeal futures were $0.90 to $1.50 lower, with Soy Oil futures 40 to 45 points lower. USDA released Export Sales data for the week ending...

Barchart

Evidence shows Russian oil tanker was 'deliberately' attacked near Dakar

A tanker that left Russia and ran into trouble off the coast of Senegal in November 2025 appears to have been deliberately targeted by explosives placed in strategic locations on its hull, according to video footage obtained and verified by RFI.

Radio France Internationale

Escalation of Iran Tensions Boosts Crude Prices

March WTI crude oil (CLH26 ) today is up +2.05 (+3.26%), and March RBOB gasoline (RBH26 ) is up +0.0196 (+1.03%). Crude oil and gasoline prices added to this week's sharp gains today, with crude oil climbing to a 4.25-month high and gasoline climbing to a 2-month high. Geopolitical risks...

Barchart

Scott Bessent Says Construction Jobs Are Booming Under Trump's Tariffs. Government Data Show the Opposite.

Meanwhile, Trump is touting low gas prices, which are due in part to the lack of tariffs on oil and gasoline.

Reason

Weakening the soy moratorium in Brazil: a political choice that ignores the science

In the first days of 2026, the Brazilian Association of Vegetable Oil Industries (ABIOVE), which represents the largest soybean traders in Brazil, announced its withdrawal from the Amazon soy moratorium.

The Conversation

Trump team secretly met group demanding oil-rich Alberta's independence from Canada; White House says no support conveyed

Trump officials have secretly met separatists demanding oil-rich Alberta's independence from Canada three times since April 2025. Alberta Prosperity Project, the group, is seeking another meeting with the US officials next month to ask for a $500bn credit facility to help bankroll the province if an independence referendum, which is…

The Times of India

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The Conversation

Americans want heat pumps – but high electricity prices may get in the way

Heat pumps can reduce carbon emissions associated with heating buildings, and many states have set aggressive targets to increase their use in the coming decades. But while heat pumps are often cheaper choices for new buildings, getting homeowners to install them in existing homes isn’t so easy.

Barchart

Cotton Holding Steady on Thursday Morning

Cotton price action is steady to 5 points higher in the front months early on Thursday. Futures saw mixed trade on Wednesday, with contracts 10 points lower to 14 points higher in the nearbys. Crude oil futures were up $1.10 per barrel on the day at $63.49. The US dollar...

The Mary Sue

California woman goes to Costco. Then she shows how to check if olive oil is ‘real’: ‘They teach us in culinary school’

Packaged foods in grocery stores sometimes pose as something they’re not. Consumers often need a sharp eye to notice it.

MyLifeXP

Common DIY Skincare Ingredients Harmful for PCOS Skin

Natural ingredients are usually gentler on the skin than chemical products. Hence many people prefer them. But there are some skincare products that can be harmful to women dealing with PCOS (Polycystic Ovary Syndrome). Polycystic Ovary Syndrome (PCOS) occurs in around 5 to 10 percent of women in the world…

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Euronews

Oil prices climb as Trump warns Iran 'time is running out' for nuclear deal

Markets priced in fresh geopolitical risk as Washington escalated rhetoric against Tehran, with analysts warning supply disruptions could push prices higher.

Barchart

Devon Energy Stock: Analyst Estimates & Ratings

Although Devon Energy has underperformed the S&P 500 Index over the past year, analysts remain cautiously optimistic about its long-term prospects.

Clever Dude

6 Maintenance Mistakes That Reduce Long-Term Value

Keeping up with your home is key to maintaining long-term value. You want to ensure that you are checking up on all of the little things season to season. They’re typically the small things you forget, delay, or overlook. No matter what your intentions are, these habits quietly chip away at…

Euronews

Tanker with Russian oil products loses steering off Spanish coast

A Mozambique-flagged tanker with Russian oil is drifting off Almería's coast. Environmentalists are concerned about potential spills impacting marine life and tourism.

Euronews

Russia uses 'shadow mail' postal system to bypass EU sanctions, report reveals

Russia has been bypassing EU sanctions using Berlin logistics and lighter-controlled international mail, according to an investigation by German media. In response, the Ukrainian envoy has called for tougher enforcement.

The Times of India

US hands Gulf the world’s most powerful AI chips: Clears exports to UAE and Saudi Arabia

America is now sending advanced computer chips to the United Arab Emirates and Saudi Arabia. This move supports their big plans for artificial intelligence. These nations are becoming key players in global technology. This partnership strengthens US influence and helps Gulf countries diversify their economies beyond oil. It marks a…

The Independent UK

Rubio grilled on whereabouts of $200m from sale of Venezuelan oil

Senator Jeanne Shaheen pressed Marco Rubio over the fate of $200m from the sale of Venezuelan oil on Wednesday, 28 January.

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