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The Latest Breaking News from Oil

Net zero could put Woodside in the red in five years

Australia's biggest oil and gas producer has posted record output, but a global supply glut and the energy transition could hinder future profits.

AAP

Cotton Closes with Weakness on Monday

Cotton futures closed out the Monday session with contracts 35 to 50 points lower, as front month March was up 53 points. Crude oil futures were down 19 cents per barrel on the day at $66.29. The US dollar index was down $0.064 at $97.665. On Friday, the US Supreme...

Barchart

Soybeans Slip Lower to Post Monday Losses

Soybeans closed with Monday losses of 2 to 4 cents in the nearbys. Some deferreds held up. The cmdtyView national average Cash Bean price was down 3 1/4 cents at $10.69. Soymeal futures were down $1 to $2.50 in the front months, with. Soy Oil futures up 47 to 61...

Barchart

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Crude Oil Prices Fall Back on Energy Demand Concerns

April WTI crude oil (CLJ26 ) on Monday closed down -0.17 (-0.26%), and April RBOB gasoline (RBJ26 ) closed up +0.0035 (+0.16%). Crude oil and gasoline prices gave up early gains on Monday and settled mixed, with crude retreating from a 6.5-month high. Monday's slump in equity markets undercuts confidence...

Barchart

Slovakia halts emergency electricity supplies to Ukraine amid oil delivery dispute

Slovakia has cut off emergency electricity supplies to Ukraine in an escalation of an oil delivery dispute

The Independent UK

Soybeans Bouncing from Early Monday Losses at Midday

Soybeans are trading with gains of 3 to 4 cents across most contracts on Monday. The cmdtyView national average Cash Bean price is up 3 cents at $10.75 1/4. Soymeal futures are up 20 to 80 cents in the front months, with. Soy Oil futures up 65 to 75 points....

Barchart

Cotton

Cotton futures are mixed, with March up 5 points and other contracts down 35 to 56 points. Crude oil futures are down 31 cents per barrel on the day at $66.17. The US dollar index is down $0.124 at $97.610. On Friday, the US Supreme Court ruled the President cannot...

Barchart

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‘Political sabotage’: EU leaders accuse Hungary of undermining support for Ukraine

Viktor Orbán’s government blocks fresh economic measures against Russia on eve of war’s fourth anniversary

The Guardian - UK

Canada prepares aid package for Cuba as it faces fuel shortages worsened by US oil embargo

Canada’s foreign minister says her country is working on an aid package for Cuba as it faces blackouts and severe fuel shortages worsened by a U.S. oil embargo

The Independent UK

Slovakia halts emergency power supply to Ukraine as oil transit row deepens

Bratislava halted emergency power to Ukraine on Monday after Kyiv did not restore Druzhba oil transit as requested by Slovakia and Hungary, with Premier Robert Fico warning of further measures on EU support to Kyiv.

Euronews

Crude Oil Prices Supported by Geopolitical Risks

April WTI crude oil (CLJ26 ) today is up +0.54 (+0.81%), and April RBOB gasoline (RBJ26 ) is up +0.0161 (+0.72%). Crude oil and gasoline prices are moving higher today, with crude climbing to a 6.5-month high. Dollar weakness today is supportive for energy prices. Also, ongoing geopolitical risks in...

Barchart

US supreme court takes up fossil fuel firms’ climate accountability case

Judgment in city of Boulder’s lawsuit against Suncor Energy USA and ExxonMobil could affect wave of climate litigation

The Guardian - US

Swedish foreign minister 'frustrated' by Hungary's 'illogical' blocking of Ukraine loan

Sweden's foreign minister told Euronews that the EU must find a way to push through its €90 billion loan for Ukraine and put more pressure on Hungary.

Euronews

Supreme Court will weigh oil and gas companies’ bid to block climate change lawsuits

President Donald Trump's administration weighed in to support the companies

The Independent UK

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The Guardian - AU

My rookie era: I wasn’t immediately good at oil painting, but it taught me to find pleasure in struggle

One week I spent three miserable hours trying to paint a satin ribbon, and went home in a filthy mood

Euronews

French probe reveals Russian security agents on seized shadow tanker

Two Russian nationals working for a private security company were confirmed to have been onboard a tanker seized by France in September, sources told French media. The vessel was suspected to be part of the Kremlin’s shadow fleet, carrying Russian oil and gas to evade Western sanctions.

Barchart

Cotton Starting a New Week with Mixed Action

Cotton prices are up 16 in the thin March contract, but lower in the rest on Tuesday morning, Futures posted a rally or 110 to 150 points across most contracts on Friday, as March closed out the week with a 92 point gain. Crude oil futures was down 4 cents...

Radio France Internationale

French Court to consider jurisdiction over captain of Russia 'shadow fleet' tanker

A French court will consider whether it has jurisdiction over the Chinese captain of an oil tanker who failed to follow orders from the French navy off the coast of Brittany in October. With no clear national registration, the Boracay is reportedly part of Russia’s so-called ‘shadow fleet’, which allows…

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Euronews

'Why do you hate Ukraine?' Hungarian minister clashes with Ukrainian journalists in Brussels

Hungarian foreign minister Péter Szijjártó doubled down on his veto on Ukraine aid over an energy dispute in Brussels. Szijjártó clashed with Ukrainian journalists in Brussels after Budapest accused Kyiv of blackmail over the Druzhba oil pipeline. 'Why do you hate Ukraine?'

Barchart

3 Stocks Warren Buffett and Berkshire Were Gobbling Up in Q4

Berkshire leaned into DPZ, CVX, and CB, favoring franchise royalties, upstream output, and insurance float over high-growth tech bets.

Latin Times

Cuba Didn't Get Any Oil In January For The First Time In 10 Years, Report Claims

Cuba didn't receive any oil in January for the first time in a decade as the U.S. maintains its blockade of the island, according to a new report.

The Independent UK

‘Not being hungover is a cheatcode’: Why BOSH! went teetotal and doubled down on plants at 40

As Ian Theasby and Henry Firth hit their forties, the founders of BOSH! quietly overhauled their lives – cutting alcohol, slashing sugar and embracing a relentless ‘more plants’ philosophy. The result, they say, is better sleep, sharper focus and energy levels capable of keeping up with toddlers and ultra-marathons alike

Ideal Home

How do oil-filled radiators actually work? This is what the pros told me, including how long they stay warm after they’ve been switched off

This is what the pros told me, including how long they stay warm after they’ve been switched off

Euronews

Double Hungarian veto thwarts loan for Ukraine and new sanctions on Russia

"We should not tie together things that are not connected to each other at all," High Representative Kaja Kallas said on Monday amid a new crisis caused by back-to-back Hungarian vetoes.

Creative Bloq

This veteran concept artist ditched digital to go back to oil painting

Check out the work of Fred Gambino.

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