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The Latest Breaking News from Oil

Bulletin world briefing: Former South Korean president could face death penalty

Here are five of the biggest stories from around the world today. Iran to execute demonstrator over alleged involvement in protests Prosecutors seeking death penalty for ex- South Korean president Multiple oil tankers struck by drones in attack off Russian coast Why hundreds of travellers are stranded in the ‘world’s…

The Independent UK

Venezuela Reopens Oil Wells as Crude Exports Resume Under Tight U.S. Oversight

Venezuela has begun reopening oil wells that were shut during a strict U.S. embargo as crude exports resumed this week under close U.S. oversight, according to a new report.

Latin Times

Crude Oil Prices Rally as Iranian Tensions Escalate

February WTI crude oil (CLG26 ) today is up +1.82 (+3.069%), and February RBOB gasoline (RBG26 ) is up +0.0421 (+2.35%). Crude oil and gasoline prices are sharply higher today, with crude climbing to a 2.25-month high and gasoline climbing to a 5-week high. Crude prices are rallying today after...

Barchart

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Container ship captain ‘did nothing’ to prevent deadly Humber estuary crash, court hears

Vladimir Motin was charged after his container ship, Solong, collided with US oil tanker the Stena Immaculate

The Independent UK

10 products to weatherproof your hair in wet and windy weather

Ten dependable stylers to help keep your hair in check, whatever the forecast

Evening Standard

As Shell CEO Wael Sawan Talks Venezuela Oil with Trump, Should You Buy SHEL Stock?

Investors are closely watching SHEL for a potential oil jackpot.

Barchart

How Trump’s Push on Venezuela, Cuba and Greenland Could Reshape Everyday American Finances

Trump’s recent actions in Venezuela, as well as remarks about Cuba and Greenland, could affect gas prices and shake U.S. finances. Here’s what to expect.

GOBankingRates

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Denmark provided US support on intercepting oil tanker, Danish official says

A Danish official says Denmark provided the U.S. with support seizing an oil tanker violating sanctions amid the dispute over Greenland

The Independent UK

How to Trade Venezuela 10 Days Later: Oil Prices, Energy Stocks, and the Biggest Winners and Losers

It’s unclear exactly what 2026 holds for energy stocks following a U.S. strike on Venezuela, but traders should look to the charts for clues.

Barchart

Oil Tanker Carrying Half a Million Barrels Returns to Venezuela After Interim Leader Seeks U.S. Military Help

The tanker departed an eastern Venezuela port shortly after the Jan. 3 military operation in Caracas without authorization from port authorities or Petróleos de Venezuela, the state oil company, which said it was never paid for the half-million barrels of crude onboard.

Latin Times

Wars without clear purpose erode presidential legacies, and Trump risks political consequences with further military action in Venezuela

Despite public support in the U.S. for deposing Venezuelan leader Nicolás Maduro, President Donald Trump is unlikely to find that level of support for fighting an actual war in that country.

The Conversation

Cotton Extending Higher on Tuesday AM Trade

Cotton price action is up 14 to 18 points on Tuesday morning. Futures close with gains of 50 to 55 points across the front months on Monday, as USDA data was friendlier to the market. Crude oil futures were back up 72 cents per barrel at $59.84. The US dollar...

Barchart

China Rejects U.S. Oversight of Venezuela Oil, Citing Country's Right to 'Choose Cooperation Partners'

China said on Monday that Latin American countries are sovereign states with the right to choose their own international partners, responding to recent comments by U.S. President Donald Trump suggesting that Beijing and Moscow could buy Venezuelan oil only under U.S. oversight.

International Business Times

British Special Forces Poised to Strike Putin's Shadow Fleet in High Seas Showdown

British special forces prepare to storm Putin's shadow fleet tankers, escalating global shipping tensions and sanctions enforcement at sea.

International Business Times UK

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The Independent UK

Jon Stewart ruthlessly mocks Trump over ‘old man move’ that interrupted White House meeting

Trump interrupted a meeting with US oil executives Friday to gaze out the window at his new White House ballroom

The Guardian - US

Red-state Republicans seek climate ‘liability shield’ for fossil fuel industry

If enacted, Utah and Oklahoma measures would restrict litigation against oil companies over role in climate crisis

The Independent UK

What are heat pumps and could they help your home save energy?

Heat pumps are a cleaner alternative to gas boilers, with government grants now covering much of the upfront cost. Here’s what a heat pump is, how it works, and whether it could be right for you

Fortune

The oil CEO who stood up to Trump is a disciplined follower of the 'Exxon way' with a history of blunt statements

Also: All the news and watercooler chat from Fortune.

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The Independent UK

Oil prices jump as new Trump tariff threats placed on Iran trade partners

Trump has repeatedly used tariffs as a threat over the past year to nations doing business with the US

Medical Daily

Omega 3 Benefits: How Fish Oil Supplements Power Heart Health, Brain Function, and Inflammation Reduction

Learn about key omega 3 benefits from fish oil supplements, supporting heart and brain health plus inflammation reduction, with evidence-based guidance on dosage, safety, and daily use.

The Guardian - UK

Twelve top central bankers defend Fed’s Jerome Powell over DoJ investigation; oil hits two-month high as Trump threatens Iran’s trading partners – as it happened

Central bankers from across the world say they “stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell”

Euronews

Venezuela's 'black gold' allies: Caracas' links to Cuba, China, Russia and Iran

From 1999 onwards, successive governments pursued a strategy linking foreign policy, state financing and the management of the country's main industry. The result was a network of bilateral alliances that channelled much of Venezuela's crude outside conventional buying and selling circuits.

Euronews

Venezuela-EU trade: Which countries do the most business with Venezuela across Europe?

Venezuela is not a major EU trade partner. Spain dominates trade, accounting for 55% of the total volume. Given Venezuela’s large proven crude oil reserves, the EU closely monitors political developments in the country.

The Independent UK

The ultimate Veganuary recipe bundle to avoid a boring, beige month

Forget limp salads and worthy swaps – this ultimate Veganuary recipe bundle is built for big flavours, real comfort and zero boredom, from ramen and pasta to crispy tofu and rich curries. By Hannah Twiggs

The Guardian - UK

Russia working to circumvent sanctions to ensure India oil imports continue

Delhi is world’s second largest purchaser of Russian crude, which is now cheaper than oil from Middle East

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