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The Latest Breaking News from Oil

Oil spill cleanup underway after cargo ship sinks near Phuket

Marine authorities are rushing to remove the oil spill from the Andaman Sea after the sinking of a Panama‑flagged cargo ship about 3 miles off Laem Phromthep in Phuket on Saturday while en route from Malaysia to Bangladesh.

Bangkok Post

I Asked a Tax Pro for Legal Ways To Reduce IRS Taxes: 8 Top Strategies

Explore legal IRS tax‑saving strategies like solar tax credits, oil & gas loopholes, real estate cost segregation, QSBS gains and 'buy, borrow, die.'

GOBankingRates

Russian officials are warning Putin that a financial crisis could arrive this summer, report says, while his war on Ukraine becomes too big to fail

“Russia has to continue the war because this war is too big for Putin to fail.”

Fortune

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These US states want polluters to pay for the rising insurance costs of climate disasters

Proposals by California, Hawaii and New York lawmakers aim to hold fossil fuel industry accountable for soaring rates

The Guardian - US

BP faces calls for new strategy to end period of turbulence

Full-year results expected to reveal weaker profits as company also faces investor pressure over climate U-turn

The Guardian - UK

Baghdad traders protest new customs tariffs as Iraq wrestles with shrinking oil revenues

Hundreds of traders and customs clearance company owners have protested in central Baghdad to demand that Iraq's government reverse new customs tariffs

The Independent UK

UK considers targeting Russia’s ‘shadow fleet’ in new escalation against Moscow

Britain is exploring military options to seize Russia-linked shadow fleet tankers, potentially opening a new front against Moscow as its oil revenues decline. This comes after the US seized a similar vessel. While international law allows for challenging stateless ships, escalatory risks have so far prevented action, despite Royal Marines…

The Times of India

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UK ‘threatens to seize’ Russia-linked shadow fleet tanker in escalation of tensions

Shadow fleets are used to transport sanctioned oil around the world

The Independent UK

UK threatens to seize Russia-linked shadow fleet tanker in escalatory move

Capture of rogue ship could open a new front against Moscow at a time when Russia’s oil revenues are tumbling

The Guardian - UK

Jamie Oliver Has Long Made Healthy Eating Quick, Easy, and Comforting - 9 Recipes From His New Book

*Saves for later*

Marie Claire

Cotton Falls Further on Friday

Cotton futures posted losses of 40 to 70 points in the front months on Friday, with March down 211 points this week. Crude oil futures were up 21 per barrel on the day at $63.50. The US dollar index as down $0.141 to $97.650. Spec traders were busy adding 6,717...

Barchart

As US moves to block oil supply, Cubans wonder how they'll survive deepening energy crisis

Cubans on Friday are facing a worsening crisis as U.S. efforts to block oil supplies take a toll

The Independent UK

Toyota recommends waiting 10,000 miles between oil changes. Mechanics warn that’s exactly how engines die

It was a "cage fight" in the comments.

We Got This Covered

6 Things Mechanics See in Late Winter That Signal a Totaled Car

When I worked in auto repair shops, winter was usually a slower time. People tend to get their cars worked on before road trips and prior to the colder weather. However, after a winter of driving (and likely neglecting) your car, some things you’ve encountered could lead to your vehicle’s…

Clever Dude

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Barchart

Crude Oil Prices Underpinned by Dollar Weakness and Geopolitical Risks

March WTI crude oil (CLH26 ) on Friday closed up +0.26 (+0.41%), and March RBOB gasoline (RBH26 ) closed up +0.0266 (+1.38%). Crude oil and gasoline prices recovered from early losses on Friday and moved higher after the dollar (DXY00 ) weakened. Also, doubts that the US-Iranian talks in Oman...

Barchart

Is Oil About to Rug-Pull Investors Again? The ‘Red-Flag’ Indicator I’m Watching Now.

Oil prices, and oil stocks, have made a major move higher in 2026. Why I’m expecting another crash.

Barchart

Soybeans Retreating into Friday’s Midday

Soybeans are falling from the intraday highs by 20+ cents, as contracts are steady to a couple cents higher in the front months. The cmdtyView national average Cash Bean price is 1/2 cent higher at $10.47 1/2. Soymeal futures steady to 50 cents lower, with Soy Oil futures steady to...

Barchart

Crude Oil Prices Rise on Dollar Weakness and Geopolitical Risks

March WTI crude oil (CLH26 ) today is up +0.79 (+1.25%), and March RBOB gasoline (RBH26 ) is up +0.0291 (+1.51%). Crude oil and gasoline prices recovered from early losses today and moved higher after the dollar weakened. Also, concerns that the US-Iranian talks in Oman will not lead to...

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The Independent UK

EU commission proposes further sanctions on Russian oil trade and financial services

European Commission President Ursula von der Leyen says the EU should ban maritime services aiding Russia in shipping oil and target its financial and trade sectors with new sanctions over the war on Ukraine

Euronews

EU proposes new sanctions to weaken Russia's oil sales, with full ban on services

The 20th package of EU sanctions against Russia targets oil, gas, the "shadow fleet", banking, cryptocurrency and metals.

Barchart

Crude Oil Breakout Backed by Seasonals, Technicals, and COT Report

Crude Oil fun fact: Crude Oil doesn't need bullish headlines to rally. It needs seasonals + structure + smart money alignment. Those boxes are getting checked.

Barchart

Cotton Showing Marginal Friday Gains

Cotton price action is back up 6 to 13 points so far on Friday morning. Futures posted losses of 45 to 50 points across the front months. Crude oil futures are down $2.02 per barrel on the day at $63.12. The US dollar index was up $0.371 to $97.860. Export...

Euronews

US lawmakers urge the EU to keep methane rules

As of January 2027, European importers of oil and gas will need to comply with monitoring, reporting, and verification requirements linked to methane emissions data from countries and companies that produce or export to the EU.

Sports Illustrated

Donald Trump’s ICE Mess Has Spilled Over, Staining Team USA’s Winter Olympics

Political turmoil at home has reached the Milan Cortina Games, where the U.S. is scrambling to cover its tracks amid protests and outrage over its government’s policies.

Euronews

EU seeks G7 input on price cap before next round of sanctions against Russia

The price cap on Russian oil could drastically change if the EU moves ahead with a full ban on maritime services, as proposed by Finland and Sweden.

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