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The Latest Breaking News from Oil

US boards Venezuela-linked oil tanker in the Indian Ocean after pursuit from Caribbean

US Department of Defense says Aquila II was intercepted after defying the Trump administration's blockade of oil shipments to and from Venezuela.

Euronews

Cuba says airlines can no longer refuel on the island amid US oil blockade

The government of Cuba published the notices to airlines and pilots on Sunday night, warning that jet fuel would be available at nine airports across the island, starting Tuesday and continuing until 11 March.

Euronews

Iran’s shadow fleet of old tankers a ticking bomb for sea life, say experts

Exclusive: Analysts say there will be oil spill catastrophe that could be far bigger than Exxon Valdez disaster

The Guardian - UK

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Shanghai has been sinking for decades but something invisible beneath the ground is slowing it down

For decades, scientists have warned that Shanghai, one of the world’s largest and most densely populated coastal megacities, has been slowly sinking because of how humans have used the land beneath it. The problem is not new. As per reports, historical records show that parts of Shanghai have dropped more…

The Times of India

Gavin Newsom is worse than you think

The California governor's policy priorities undermine his Trump trolling — and his progressive credentials

Salon

Trump’s Energy Minister insists that the President’s interests in Venezuela aren’t about oil, even though he is about to travel for oil

Everything the administration has done so far proves it is about oil.

We Got This Covered

Russia's oil revenues dwindle as sanctions bite, hitting economy

The Kremlin has resorted to higher taxes and borrowing to fill the gap left by dwindling oil revenues and slower economic growth.

Euronews

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6 Incredible Steamed Indian Dishes That Are Low-Cal, Cholesterol-Free, and Irresistible

Steamed foods are not only delicious but also incredibly healthy. Beyond popular dishes like Idli and Dhokla, India has a treasure of rare steamed delicacies that are light, nutritious, and perfect for all ages. These dishes are naturally low in cholesterol, easy to digest, support weight management, and preserve authentic…

MyLifeXP

BP halts share buy-backs as annual profits slide

Pressure mounts on oil and gas company as it aims for turnaround under new chief executive

The Guardian - UK

The Trump Administration touts approvals for deepwater oil-exporting hubs in the Gulf of Mexico, but no one seems willing to build them

The Texas GulfLink project was just licensed to build an oil-shipping hub 30 miles into the U.S. Gulf, but demand for such projects has tumbled.

Fortune

BP halts share buybacks and ramps up cost-cutting as profits slump

The FTSE 100 oil giant reported a 16% fall in underlying replacement cost profits to 7.49 billion US dollars (£5.47 billion) for 2025.

Evening Standard

Barclays boss ‘shocked’ by Epstein revelations; BP annual profits slump 16% – as it happened

Barclays CEO speaks as bank deals with fallout of ex-boss Jes Staley’s ties to convicted child sex offender; Japan’s stock market jumps to new peak in extended rally after Sanae Takaichi’s party secures election victory

The Guardian - UK

Newsletter: EU leaders raise the stakes ahead of talks on economic revival

Also in this newsletter: EU officials express reservations over Spain's decision to regularise undocumented migrants, and why the EU wants to end the price cap on Russian oil.

Euronews

FTSE 100 Live 10 February: Barclays boss gets £15m pay packet, BP halts buybacks

BP today halted share buybacks and reported a big fall in profits during a weaker session for the FTSE 100 index.

Evening Standard

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The Independent UK

Russian oil revenue plummets as sanctions target Putin’s cash cow

A shadow fleet has sought to skirt around sanctions against Russia

The Conversation

If fracking begins in the Kimberley, it could damage a sacred river

Under the soils of the Kimberley lies one of the world’s last undeveloped large-scale reservoirs of onshore gas, according to the gas company hoping to extract it.

The Guardian - US

US says two people killed in military strike on boat in Pacific

Officials say rescuers searching for lone survivor after latest attack on what Pentagon says are suspected drug smugglers

Barchart

Cotton Hold Bounce into Monday’s Close

Cotton futures closed the Monday session with contracts up 55 to 75 points in the nearbys. Crude oil futures were up $0.87 per barrel on the day at $64.41. The US dollar index was down $0.771 to $96.735. The Seam showed sales on 3,066 bales sold on 2/6, averaging 58.61...

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Barchart

Soybeans See Monday Weakness, Despite Export Business

Soybeans posted Monday gains of 3 to 5 cents. The cmdtyView national average Cash Bean price was down 4 ¼ cents at $10.45 1/2. Soymeal futures were a dime to $5.80 lower, with Soy Oil futures were 102 to 136 points in the green on the day. USDA reported a...

The Guardian - US

Air Canada cancels all flights to Cuba as US oil blockade cuts off fuel access

Airlines from as far away as Russia, China and Spain have also been affected as island nation warns of fuel shortage

Barchart

Crude Oil Prices Jump as US Advises Ships to Avoid Iran

March WTI crude oil (CLH26 ) on Monday closed up +0.81 (+1.27%), and March RBOB gasoline (RBH26 ) closed up +0.0323 (+1.65%). Crude oil and gasoline prices settled sharply higher on Monday, with gasoline posting a 2.5-month high. Monday's slump in the dollar index ($DXY ) to a 1-month low...

Barchart

Soybean Market Bulls Gain Footing with Monthly USDA Report on Deck

Tuesday’s USDA supply and demand report is expected to show very little changed in soybean, corn, and winter wheat.

Barchart

Cotton Bouncing Higher on Monday

Cotton futures are back up 59 to 69 points at Monday’s midday. Crude oil futures are up $1.28 per barrel on the day at $64.83. The US dollar index is down $0.626 to $96.880. Spec traders were busy adding 6,717 contracts to their net short position in the week of...

Barchart

Soybeans Falling Back on Monday, Despite Export Business

Soybeans are trading with midday weakness of 6 to 8 cents in the front months on Monday. The cmdtyView national average Cash Bean price is down 7 ½ cents at $10.41 1/4. Soymeal futures are trading with losses of $5.50 to $6.30, with Soy Oil futures up 100 to 107...

Grocery Coupon Guide

6 Ways to Use Beef Tallow to Slash Your Grocery Bill

In our grandparents’ generation, nothing was wasted. Animal fats were rendered, saved, and used as a primary kitchen staple. Today, we often throw away the fatty trimmings from a brisket or roast, then turn around and buy expensive bottles of olive oil or avocado oil. This is a double financial…

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