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The Latest Breaking News from Oil

Cotton Continues Weaker Trade on Tuesday Morning

Cotton prices action is down 7 to 19 points early on Tuesday. Futures were under pressure on Monday with contracts closing 75 to 90 points in the red. The US dollar index was down $0.199 on the day to $97.625. Losses of $2.55 in the crude oil market from a...

Barchart

Nigel Farage a ‘snake oil salesman’ comparable to Andrew Tate, says No 10 chief secretary

Ministers signal Labour will take stronger approach to attacking Reform rather than just ‘respond to crazy things they’re saying’

The Guardian - UK

We need Angela Rayner back, says Wes Streeting as ex-deputy leader gets standing ovation at Labour conference

Health secretary praises ex-deputy prime minister as he labels Reform UK leader Nigel Farage a ‘con artist’ and a ‘snake oil salesman’

The Independent UK

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Exxon Mobil To Slash 2,000 Jobs In Efficiency Push: Report

U.S. oil giant Exxon Mobil Corp (NYSE:XOM) will reportedly cut 2,000 jobs, as it consolidates smaller offices into regional hubs.

Benzinga

125 jobs to be axed at Lindsey oil refinery after administration

Unions have said the job cut plans come despite ‘at least two bids’ to buy and operate the facility as a going concern.

Evening Standard

Over 100 jobs to go at Lindsey oil refinery as union slams government

The owner Prax Group collapsed earlier this year

The Independent UK

Our world is hurtling into climate disaster and what do politicians give us? Oilfields and new runways

In the name of ‘pragmatism’, green measures are being ditched, net zero derided. Be very clear: without slashing emissions we are in deep, deep trouble, says UCL professor Bill McGuire

The Guardian - UK

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FTSE 100 Live 30 September: Royal Mail strikes PayPoint deal, ASOS shares drop

A slowdown in the pace of the UK economy was today confirmed in updated figures for the second quarter.

Evening Standard

Cotton Collapses into the Close

Cotton futures were under pressure on Monday with contracts closing 75 to 90 points in the red. The US dollar index was down $0.199 on the day to $97.625. Losses of $2.55 in the crude oil market from a potential Israeli/Hamas ceasefire added pressure. The NASS Crop Progress report indicated...

Barchart

Crude Prices Sharply Lower on Prospects of Larger Global Oil Supplies

November WTI crude oil (CLX25 ) on Monday closed down -2.27 (-3.45%), and November RBOB gasoline (RBX25 ) closed down -0.0471 (-2.37%). Crude oil and gasoline prices fell sharply on Monday due to the outlook for OPEC+ to increase its crude production levels for November, which is expected to boost...

Barchart

Robinhood Soars, Oil Dips And Gold Defies Gravity: What's Moving Markets Monday?

Wall Street kicked off the week with modest gains in technology and growth names, while small caps and blue chips stalled as investors braced for a flood of economic data, culminating on Friday with the September labor market report.

Benzinga

Soybeans Posting Midday Weakness

Soybeans are trading with 3 to 4 cent losses at the midday portion of the Monday session. The cmdtyView national average Cash Bean price is 3 1/4 cents lower at $9.35 3/4. Soymeal futures are 80 cents to $1.80/ton higher, with Soy Oil futures down 45 points on losses in...

Barchart

Cotton Falling Back on Monday’s Midday

Cotton futures are mostly lower on Monday, with contracts down 30 to 35 points so far at midday. The US dollar index is down $0.224 on the day to $97.600, with crude oil futures falling $2.41. Commitment of Traders data showed the managed money crowd in cotton futures and options...

Barchart

Crude Oil Falls Sharply; Carnival Posts Upbeat Earnings

U.S. stocks traded mixed midway through trading, with the Dow Jones falling more than 50 points on Monday.

Benzinga

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The Independent UK

The calming herb that can hydrate dry skin and alleviate joint pain

The Australian herb has been used in traditional and cultural practices for thousands of years

Evening Standard

FTSE 100 held back by weak oil after bright start

The FTSE 100 index closed up 0.2% at 9,299.84.

The Texas Tribune

Democratic Rep. Jon Rosenthal will run for Texas Railroad Commission

The day after the four-term Houston lawmaker launched his statewide bid, his former chief of staff, Odus Evbagharu, announced he was running to succeed his former boss in the Texas House.

Barchart

Crude Prices Sink on the Outlook for Higher OPEC+ Oil Production

November WTI crude oil (CLX25 ) today is down -2.31 (-3.51%), and November RBOB gasoline (RBX25 ) is down -0.0468 (-2.35%). Crude oil and gasoline prices are sharply lower today due to the outlook for OPEC+ to increase its crude production levels for November, which is expected to boost global...

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GOBankingRates

I Asked a Mechanic the No. 1 Thing That Ruins Cars Before 200,000 Miles

A seasoned mechanic reveals the No. 1 issue that ruins cars before hitting 200,000 miles—and it’s something most drivers overlook until it’s too late.

Benzinga

Vistra Expands Permian Basin Plant With New Gas Units

Vistra Corp. (NYSE: VST) will add two new natural gas units at its Permian Basin Power Plant in West Texas, expanding the facility’s capacity from 325 megawatts to 1,185 megawatts. The decision comes as electricity use grows across the state, particularly in energy-intensive industries tied to oil and gas.

Homes & Gardens

3 reasons why you should mop your floors with cinnamon this fall, according to spiritualists and cleaners

Cleaning experts and spiritualists explain why mopping a floor with cinnamon can help bring you prosperity and scent your home

Benzinga

EXCLUSIVE: Vivakor Secures $23 Million Funding To Expand Energy Business Across Permian And Eagle Ford

Vivakor (NASDAQ: VIVK) announced on Monday that it has signed a term sheet with a counterparty to provide up to $23 million in capital by issuing a new series of convertible preferred stock.

The Guardian - UK

Want to know the grotesque truth about the oil industry? Then look at their tacky paperweights

Tanoa Sasraku has been collecting – and creating her own – gaudy paperweights with a drop of crude oil encased within. All you need to know about global power games, the artist explains, is right there

Benzinga

BP Just Approved A $5 Billion Oil Project

BP Plc (NYSE: BP) approved a $5 billion oil and gas project in the Gulf of America, reinforcing its commitment to the offshore basin as a driver of future growth. The Tiber-Guadalupe development is expected to begin production in 2030 and have a capacity of 80,000 barrels of crude oil…

The National (Scotland)

Extra 100 oil and gas workers to get support for green energy transition

AN extra 100 oil and gas workers will be given access to tailored support to help them transition into the green energy sector.

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