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The Latest Breaking News from Oil

Hungary clings to Russian oil and gas as EU and NATO push to cut supplies

Hungary remains firm in maintaining its supplies of Russian oil and gas, even as the European Union accelerates efforts to cut Russian energy imports

The Independent UK

Cotton Closes Friday with a Pop Higher

Cotton futures were taking back some of the week’s losses on Friday, as contracts closed with gains of 15 to 21 points on the session. December still fell back 110 points this week. The US dollar index was back down up $0.130 on the day to $97.410, with crude oil...

Barchart

Warren Buffett Just Give Occidental Petroleum a HUGE $10 Billion Boost. Should You Buy OXY Stock Here?

Buffett’s $9.7B OxyChem deal trims Occidental’s debt, but investors question if losing steady cash flow leaves OXY too oil-dependent.

Barchart

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Crude Prices Settle Higher as the Dollar Slips and Stocks Rally

November WTI crude oil (CLX25 ) on Friday closed up +0.40 (+0.66%), and November RBOB gasoline (RBX25 ) closed up +0.0098 (+0.53%). Crude oil and gasoline prices settled higher on Friday as a weaker dollar prompted some short covering in energy futures. Also, Friday's rally in the S&P 500 to...

Barchart

Mapped: The areas threatened by Reform’s controversial pro-fracking agenda revealed

New analysis identifies parliamentary areas that could be vulnerable to development for fracking if Nigel Farage’s party were to get into government

The Independent UK

Soybeans Continuing Push Higher at Midday

Soybeans are trading with mostly higher trade on Friday, up 3 to 4 ½ cents. The cmdtyView national average Cash Bean price is 4 cents higher at $9.50 1/2. Soymeal futures are $1 to $1.40 higher. Soy Oil futures are 12 to 22 points higher. The discovery for the harvest...

Barchart

Cotton Turning Higher at Friday’s Midday

Cotton futures are showing gains of 49 to 60 point gains across the front months on Friday, shrugging off overnight weakness. The US dollar index is back down up $0.130 on the day to $97.410, with crude oil taking back some recent weakness, up $0.69/barrel. The October 2 online auction...

Barchart

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What Caused the Fire at the Chevron Oil Refinery Fire in El Segundo? What We Know So Far

A major blaze at Chevron's El Segundo refinery lit up Los Angeles on 2 October. The fire was contained to a jet-fuel unit, no injuries were reported, and the cause is under investigation.

International Business Times UK

Crude Prices Rebound on Dollar Weakness and Strength in Stocks

November WTI crude oil (CLX25 ) today is up +0.54 (+0.89%), and November RBOB gasoline (RBX25 ) is up +0.0079 (+0.43%). Crude oil and gasoline prices are rising today as a weaker dollar prompts some short covering in energy futures. Also, today's rally in the S&P 500 to a new...

Barchart

Crude Oil Gains 1%; USA Rare Earth Shares Spike Higher

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 450 points on Friday.

Benzinga

How to get cosy this autumn: 42 small, snuggly updates for your home and routine

Getting ready to hibernate? From puzzles to pyjamas, hooded blankets to bath salts, these little comforts will do the trick

The Guardian - UK

Massive Fire Erupts At Chevron's El Segundo Refinery In California Following Reported Explosion

A massive fire broke out at a Chevron Corp. (NYSE:CVX) oil refinery in California, one of the largest on the U.S. West Coast, on Thursday night. The cause of the fire is yet to be determined, but no injuries have been reported.

Benzinga

Cotton Falling Back Again Early on Friday

Cotton price action is down 10 to 17 points on Friday morning. Futures closed the Thursday session with contracts falling back 42 to 50 points amid outside pressure. The US dollar index was up $0.214 on the day to $97.595, with crude oil falling $1.10/barrel. Wednesday’s online auction from The...

Barchart

‘This is real progress’: airlines on sustainable aviation fuels and the chances of net zero flying

The EU and UK have imposed mandates, and investors see its value – but the industry has mixed views

The Guardian - UK

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The Independent UK

Hurtigruten plans climate neutral cruise using cooking oil

Hurtigruten is aiming for its sailings to be emission-free by 2030

The Conversation

Cuba’s leaders see their options dim amid blackouts and a shrinking economy

The lights went out in Cuba again.

Radio France Internationale

Russian 'shadow fleet' ship detained by French navy resumes voyage

A tanker accused of being part of Russia’s “shadow fleet” of sanction-busting ships resumed its voyage on Friday, six days after it was seized by the French navy off the coast of western France.

The Guardian - UK

Captain of oil tanker linked to Russia’s ‘shadow fleet’ to go on trial in France

Vladimir Putin denounces seizing of the vessel as an act of ‘piracy’ and warns it could provoke confrontation

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The Guardian - UK

UK business growth hits five-month low amid budget uncertainty and weak demand – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

FTSE 100 Live 03 October: Index back at record amid IPO cheer, JD Wetherspoon falls on results

London’s IPO market got a double boost today as Princes Group confirmed plans for a listing and trading started in Beauty Tech Group.

The Independent UK

Ukraine-Russia war latest: Five dead in mass missile and drone attack by Putin’s forces after Poland scrambles jets

Comes amid mounting concern Russia could be behind growing number of recent drone incursions in airspace of Ukraine's European allies

Barchart

Cotton Pressure Lower by Outside Factors

Cotton futures closed the Thursday session with contracts falling back 42 to 50 points amid outside pressure. The US dollar index was up $0.214 on the day to $97.595, with crude oil falling $1.10/barrel. Wednesday’s online auction from The Seam showed 2,158 sales at an average price of 62.98 cents/lb....

Barchart

Soybeans Follow Through Higher on Thursday, with Meal Assistance

Soybeans pushed higher on Thursday following the Wednesday strength, as contracts closed with 10 to 11 cent gains. The cmdtyView national average Cash Bean price was 11 1/2 cents higher at $9.46 1/4. Soymeal futures were $1.90 to $6.60 higher. Soy Oil futures were 2 to 7 points higher. The...

Tom’s Guide

'Landman' season 2's explosive new trailer reveals more of Billy Bob Thornton and Sam Elliott's relationship

Paramount Plus just dropped an explosive new trailer for 'Landman' season 2, featuring star Billy Bob Thornton and newcomer Sam Elliott.

Fortune

Warren Buffett’s Berkshire Hathaway may have scored a ‘genius’ win-win in $10 billion acquisition that could mark the last big deal of his career

Berkshire Hathaway gets a strong stand-alone business, while parent Oxy will get plenty of cash to pay down debt.

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