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The Latest Breaking News from Oil

Slumping Crude Oil Pressures Sugar Prices

July NY world sugar #11 (SBN26 ) on Monday closed down -0.24 (-1.77%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -0.40 (-0.09%). Sugar prices moved lower on Monday, with NY sugar falling sharply to a 2-month low. Monday’s -2% decline in crude oil prices (CLN26 )...

Barchart

Mexico's president seeks to restart oil shipments to Cuba as island's crises deepen

Mexican President Claudia Sheinbaum says her country seeks to restart oil shipments to Cuba soon, a move that could provide much needed relief as the island's crises deepen given a lack of petroleum

AAP

Cotton Slipping Back Lower on Monday

Cotton futures are trading with losses of 130 points in July on Monday, with other contracts down 20 to 25 points. Crude oil is down another $2.94/bbl to $76.62. The US dollar index is up another $0.157 at $100.775. The Seam reported 3 bales sold on 6/19 at an average...

Barchart

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Soybeans Posting Mixed Trade at Midday

Soybeans are mixed at midday, with front months down 1 to 3 cents and new contracts up 1 to 2 cents. The cmdtyView national average Cash Bean price is down 2 1/2 cents at $10.68 ½. Soymeal futures are down $1.30, with Soy Oil futures back up 115 to 147...

Barchart

Thai stock market on course to thrive in 2nd half of 2026

Thailand's equity market is expected to maintain positive momentum in the second half of 2026, supported by improving domestic fundamentals, easing geopolitical tensions and lower energy costs, though global uncertainties and valuation concerns could limit upside potential, says BBL Asset Management (BBLAM).

Bangkok Post

Algae bloom turned seawater dark green

Rayong: A natural plankton bloom turned the seawater off the popular Mae Ramphueng beach a dark black-green, marine officials said, dispelling fears of an oil spill.

Bangkok Post

Oil price decline sees state cash in with new fuel levies

Authorities are benefiting from a drop in global crude oil prices by collecting levies from diesel and gasohol users through the Oil Fuel Fund to repay massive debts incurred by the fuel price subsidy programme, following the outbreak of the Israel–US war on Iran in late February.

Bangkok Post

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China Will Return as Major Oil Buyer in August, JPMorgan Says

China's oil purchases fell dramatically, with imports dropping to about 7.8 million barrels per day in May, their lowest level since late 2017.

International Business Times

Sugar Prices Slide Amid Crude Oil Weakness

July NY world sugar #11 (SBN26 ) today is down -0.29 (-2.13%), and Aug London ICE white sugar #5 (SWQ26 ) is down -2.40 (-0.54%). Sugar prices are sliding today, with NY sugar falling sharply to a 2-month low. Today’s -2% decline in crude oil prices (CLN26 ) has undercut...

Barchart

As Cuba's power crisis deepens, Havana residents speak out

Cubans are in the grips of a deepening power and fuel crisis – exacerbated by a US oil blockade launched earlier this year – that has left the country's poorest struggling to cope. FRANCE 24's exclusive report found that residents in Havana are now turning against their own government.

France 24

Inside the Terrifying 30-Day Window Where Crude Oil Prices Could Double to $135

Dan Dicker warns that thinning oil stockpiles and fragile Iran talks could push crude from about $75 to $135 a barrel within a month.

International Business Times UK

Crude Oil Prices Tumble on US-Iran Peace Progress

July WTI crude oil (CLN26 ) today is down -1.92 (-2.51%), and July RBOB gasoline (RBN26 ) is down -0.0276 (-0.92%). Crude oil and gasoline prices gave up overnight gains and are sharply lower. Crude prices retreated today on signs of progress in US-Iran peace talks, including a waiver on...

Barchart

Three ways Trump could get a stake in AI firms for the US

President Donald Trump is actively investigating how to ensure that the American public can benefit from the lucrative advancements within the AI industry. Suggested strategies encompass government equity shares in AI companies, specialized tax reforms, and potential stock-based remuneration. Additionally, concepts like a 'public wealth fund' or 'digital dividend,' reminiscent…

The Economic Times

3 Oil Refiners Built to Cash In on Higher Crack Spreads

Refiners are well-positioned to benefit from energy market disruption, drive robust cash flow, and aggressively buy back their stock this year.

MarketBeat

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The Independent UK

Moscow shoots down more than 80 drones as Russian attacks kill six in Ukraine

Kyiv is continuing strikes on Russian oil refineries

AAP

US stocks drift near their records in mixed trading after oil prices fall

U.S. stocks are drifting near their records in mixed trading

International Business Times UK

'The Strait of Hormuz Is Not Your Personal Casino': Iran Mocks Trump After Fresh Threat

Iran and Trump trade sharp threats over the Strait of Hormuz as tensions rise, with fiery exchanges over sovereignty, oil security, and regional military escalation.

The Economic Times

RBI sold net $8.9 billion in April, gold holdings unchanged

The Reserve Bank of India engaged vigorously in the forex market in April, offloading a net amount of $8.94 billion to protect the rupee from plunging to record lows caused by the U.S.-Iran crisis and increasing oil costs. While gold stocks stayed stable, improving geopolitical conditions have bolstered the rupee's…

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Salon

An unnecessary amount of bread

Or: How to make a budget meal feel abundant

Barchart

As Crude Oil Prices Fall, Make This 1 Bullish Trade Instead

September U.S. T-Bond futures present a buying opportunity on more price strength.

Latin Times

President Trump Says Iran Conflict Taught Him This Regarding His Limits to Power: Report

Trump acknowledged that reaching a deal with Tehran was the best outcome for Americans, arguing that the alternatives could have worsened global oil shortages.

International Business Times

U.S. Authorizes Iranian Oil Sales After JD Vance Says Tehran Will Allow Nuclear Inspectors

Treasury Secretary Scott Bessent said the U.S. has authorized the sale of Iranian oil following progress in talks between the countries.

International Business Times

Oil Continues To Drop As U.S. Treasury Authorizes Iranian Oil Sales

Oil prices continued to drop on Monday following progress in talks between the U.S. and Iran and the Treasury Department's authorization of Iranian oil sales under a 60-day license.

AAP

US stocks drift near their records after oil prices fall

U.S. stocks are drifting near their records after trading resumed following a three-day weekend

The Economic Times

US authorises Iranian oil sales until August 21 as part of push for final West Asia truce deal

Washington has granted Iran a 60-day waiver on oil sanctions, permitting the nation to produce, export, and sell its crude until August 21. This move, part of an interim deal to de-escalate tensions, offers significant relief to Iran's energy sector. The decision could boost Iranian oil shipments, potentially alleviating global…

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