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The Latest Breaking News from Oil

Cotton Pressure Continuing on Wednesday Morning

Cotton prices action is trading with 10 to 15 point losses. Futures posted losses of 40 to 53 points across most contracts on Tuesday. Crude oil futures were down 67 cents/barrel to $60.38 on the day, with the US dollar index back up $0.348 to $100.055. The November 3 online...

Barchart

Badenoch warns of ‘oil and gas emergency’ in call for new drilling

The Conservative leader travelled to the north-east of Scotland to launch her party’s new campaign to end the moratorium on new oil and gas licences.

Evening Standard

Colossal Wreck review – sharp-eyed dispatch from the Kubrickian weirdness of Dubai during Cop28

Josh Appignanesi’s documentary follows the film-maker to the Kubrickian city built on oil money as it hosts the 2023 climate change summit

The Guardian - UK

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Fruit, pistachio and matcha cakes: Philip Khoury’s loaf recipes

Two colourful, plant-based loaves – a cranberry- and citrus-studded fruit cake, and an earthy, fragrant bake laced with buttery pistachio richness

The Guardian - UK

Whether It’s Date Night or an Intimate Dinner Party, This Romantic Oil Table Lamp Is My New Entertaining Must-Have

Even as a last-minute addition, these table accessories set the mood with just the light of a wick

Livingetc

'The Long Now': London's Saatchi Gallery celebrates 40 years of contemporary experimentation

From a monumental Jenny Saville painting to Richard Wilson’s iconic mirrored oil installation, the Saatchi Gallery's latest show is celebration of its legacy, experimentation and the future of art.

Euronews

Just Stop Oil protesters convicted after being denied right to state climate facts

Lawyers call for clarity over law as six are found guilty while being stopped from using defence used by fellow activists

The Guardian - UK

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Ukraine-Russia war latest: Bulgaria to seize Russian refinery after Putin issues nuclear weapons test order

Burgas refinery is the only one of its kind in Bulgaria and was a vital party of Lukoil's foreign business empire

The Independent UK

Ukraine war briefing: Zelenskyy visits troops near embattled Pokrovsk

Deep Ukrainian drone strikes hit petrochemical plant 1,300km inside Russia and Lukoil refinery east of Moscow. What we know on day 1,351

The Guardian - AU

Cotton Posts Losses on Tuesday, with Outside Pressure

Cotton futures posted losses of 40 to 53 points across most contracts on Tuesday. Crude oil futures were down 67 cents/barrel to $60.38 on the day, with the US dollar index back up $0.348 to $100.055. The November 3 online auction from The Seam showed 5,296 bales sold with an...

Barchart

Crude Prices Slip on Dollar Strength and Stock Weakness

December WTI crude oil (CLZ25 ) on Tuesday closed down -0.49 (-0.80%), and December RBOB gasoline (RBZ25 ) closed up +0.0067 (+0.35%). Crude oil prices moved lower on Tuesday amid pressure from a stronger dollar, as the dollar index (DXY00 ) rallied to a 3-month high. Also, Tuesday's equity market...

Barchart

Ukraine ‘destroys elite Russian unit’ in drone strike on Black Sea oil rig

The Black Sea oil rig is one of four that have been occupied by Russian forces for a decade

The Independent UK

A group of deep sea divers were ‘boiled’ from the inside after faulty equipment caused a fatal change in pressure

What happened on the Byford Dolphin became one of the most notorious ocean accidents ever.

We Got This Covered

Shell Secures 15-Year LNG Deal With UAE's ADNOC

Shell PLC (NYSE:SHEL) shares are trading lower on Tuesday. The company’s subsidiary, Shell International Trading Middle East Limited FZE, penned a 15-year deal with Abu Dhabi National Oil Company (ADNOC).

Benzinga

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Barchart

Cotton Easing Lower on Tuesday

Cotton futures are trading with contracts 40 to 45 points lower at midday. Crude oil futures are down 31 cents/barrel to $60.73, with the US dollar index back up $0.313 to $100.020. The November 3 online auction from The Seam showed 5,296 bales sold with an average price of 62.44...

Barchart

Crude Prices Undercut by Dollar Strength and Weakness in Stocks

December WTI crude oil (CLZ25 ) today is down -0.29 (-0.48%), and December RBOB gasoline (RBZ25 ) is up +0.0049 (+0.26%). Crude oil prices are under pressure today from a stronger dollar, with the dollar index (DXY00 ) climbing to a 3-month high. Today's slump in equity markets has also...

The Guardian - UK

Gopichand Hinduja, head of Britain’s richest family, dies aged 85

Billionaire businessman’s family owns Hinduja Group, which has interests across oil, banking and real estate

The Independent UK

UN report: Climate-fighting efforts show slight gain but still fall far short

A new United Nations report finds that global plans to fight climate change will barely reduce future warming, mainly caused by the burning of fuels like gas, oil and coal

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Barchart

Cotton Starting Tuesday with Weakness

Cotton price action is down 40 to 52 points so far on Tuesday. Futures pulled out strength on Monday, with contracts up 12 to 15 points in the nearbys. Crude oil futures were up 4 cents/barrel to $61.02, with the US dollar index back up $0.075 to $99.705. The October...

The Independent UK

End of The Line? Saudi Arabia scales back plan for wildly ambitious 100-mile-long megacity in the desert

The Line was unveiled as part of Crown Prince Mohammed bin Salman’s Vision 2030 plan in 2016 – it is now being massively scaled back

Benzinga

Britain's BP Trims Spending For Profit Growth To Offset Lower Oil Prices

British oil and gas giant BP p.l.c. (NYSE:BP) reported mixed third-quarter 2025 results on Tuesday.

The Independent UK

Oil and gas windfall tax must be replaced, say offshore and renewables groups

Offshore Energies UK and Scottish Renewables have written a joint letter to Chancellor Rachel Reeves and Energy Secretary Ed Miliband.

The Independent UK

This is our wellness editor’s favourite mood-boosting product – and it’s ideal for menopause

These scent rollers smell like Jo Malone fragrances and transform your mood in minutes

The Guardian - UK

BP signals more cost cuts on way after fall in profits

Oil and gas company says it will review its portfolio and push to sell off assets faster

Evening Standard

BP accelerates overhaul with higher asset sale target as profits beat forecasts

The oil giant reported third quarter underlying replacement cost profits of 2.21 billion US dollars (£1.68 billion), down 3% on a year earlier.

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