The Latest Breaking News from Oil

Southeast Asia revisits nuclear power plans for AI data centers Iran war disrupts energy supplies

Nuclear power is getting a second look across Southeast Asia to prepare for surging demand for power for artificial intelligence-focused data centers

The Independent UK · Mar 26

Gulf states’ scepticism over alleged US-Iran talks signals a distrust of Trump

Reluctance to cheerlead alleged US ceasefire efforts reflects suspicion talk of peace could be another foil for escalation

The Guardian - UK · Mar 26

Asian stocks fall and oil prices rise again as Middle East war shows no signs of relenting

Oil prices continue to fluctuate as Strait of Hormuz, a crucial waterway through which a fifth of the world’s crude typically passes, remains shut

The Independent UK · Mar 26

British forces will start seizing Russian shadow fleet ships, PM announces

Sir Keir Starmer said the UK would join allies in intercepting the sanction-breaking tankers, in a joint attempt to ‘go after’ them ‘even harder’.

Evening Standard · Mar 26

Starmer orders British commandos to seize Putin’s shadow fleet vessels

France, Belgium and Sweden have already boarded Russian ships in recent weeks as they attempt to cut off funding for Moscow’s war

The Independent UK · Mar 25

Royal Marines Commandos to seize Russian ‘shadow fleet’ ships in Channel as Starmer targets Putin regime funding

Sir Keir Starmer said military will ‘go after’ sanction-breaking ships ‘even harder’

Evening Standard · Mar 25

UK armed forces authorised to board Russian tankers in British waters

Prime minister approves tougher action against shadow fleet of oil vessels attempting to evade sanctions

The Guardian - UK · Mar 25

US Postal Service to introduce 8% fuel surcharge on packages

Surcharge, spurred by oil price spikes due to the Iran war, is set to take effect on 26 April and run until January 2027

The Guardian - US · Mar 25

Cotton Push Higher into Wednesday’s Close

Cotton futures posted 15 to 56 point gains on the Wednesday session. The US dollar index was $0.253 higher at $99.495. Crude oil was down $1.06 on the day and nearly $5.00 off the lows. The Seam showed 2,087 bales sold on Tuesday at an average of 68.17 cents/lb. The...

Barchart · Mar 25

Soybeans Rally Late as Trump/Xi Meeting Scheduled

Soybeans rallied late on Wednesday, with contracts up 6 ¼ to 16 ¾ cents at the close. The cmdtyView national average Cash Bean price was up 17 cents at $10.98. Soymeal futures were down 70 cents to $2.60, with Soy Oil futures up 90 to 137 points. The White House...

Barchart · Mar 25