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The Latest Breaking News from Oil

Pound on track for worst month in almost two years; ‘no evidence of malign activity’ behind UK airport disruption – as it happened

Live, rolling coverage of business, economics and financial markets as minister Heidi Alexander says problem was ‘isolated event’ after meeting under-fire head of Nats air traffic controller

The Guardian - UK

5 things I wish I had known before getting wooden worktops – and what I'll do differently next time

There's a lot to love about timber worktops, but there are a few downsides I wish I'd known before choosing them

Woman & Home

New Zealand government votes to bring back fossil fuel exploration in major reversal

Ruling right-wing coalition votes to reverse ban, a move it believes will alleviate energy shortages and high prices

The Guardian - AU

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Trump Leaves 'Good Friend' India In The Cold, Strikes Trade Deal With Arch Rival Pakistan Over 'Massive Oil Reserves'

President Donald Trump announced that the United States has concluded a deal with Pakistan, centered around developing the nation’s “massive oil reserves.”

Benzinga

US says sanctions hit Iran ‘shipping empire’ linked to top Tehran official

Sanctions said to target shipping controlled by Mohammad Hossein Shamkhani, son of top adviser to Iran’s supreme leader.

Al Jazeera

Soybeans Fall Below $10 Through November

Soybeans collapsed into the lows on Wednesday, as contracts were down 13 to 14 cents across the nearbys. The cmdtyView national average Cash Bean price was down 16 ½ cents at $9.30 ¾. Soymeal futures are continuing their weakness, with contracts down $1.40 to $2.00/ton, with Soy Oil posting gains...

Barchart

Crude Oil and the US Dollar Index Are Heading Higher, and Commodity Traders Are Taking Note

These two markets just hit new recent highs.

Barchart

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Threats of Additional Sanctions on Russian Energy Exports Lift Crude Prices

September WTI crude oil (CLU25 ) on Wednesday closed up +0.79 (+1.14%), and September RBOB gasoline (RBU25 ) closed up +0.0262 (+1.20%). Crude oil and gasoline prices on Wednesday extended this week's rally to 5-week highs. Signs of strength in the global economy are supportive for energy demand and crude...

Barchart

Dirty Is The New Defensive: Fossil Fuel Stocks Get A Regulatory Lifeline

The Environmental Protection Agency (EPA) hasn't signed off yet – but its proposal to cancel the 2009 "endangerment finding" marks a seismic regulatory shift. That finding has long served as the bedrock for standards on vehicle tailpipe emissions, methane limits from oil fields, and power plant pollution under the Clean…

Benzinga

At least 22 killed in protests against fuel price hikes in Angola, president's office says

Angola is one of Africa’s largest oil producers, but the country does not have enough refineries to meet domestic demand, so it imports diesel and gasoline at high prices.

Euronews

Best car diagnostic tools to save time and money

Get the lowdown on car problems with these OBDII scanners

Evening Standard

Cotton Losses Continuing at Midweek

Cotton futures are feeling more pressure so far on Wednesday, down 29 to 52 points at midday. Pressure is coming from a $0.588 gain in the US dollar index to $99.235. Crude oil futures are 98 cents/barrel higher. On Wednesday morning, President Trump posted that tariffs on India will rise...

Barchart

Exxon, Chevron Could Be Wall Street's Best-Kept Secrets This Quarter

While market focus is fixed on Big Tech earnings and the Federal Reserve meeting, the real surprise this week could emerge from the oil sector, as ExxonMobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX) gear up to report results on Friday morning.

Benzinga

Crude Prices Supported by President Trump's Threats to Sanction Russian Energy

September WTI crude oil (CLU25 ) today is +0.56 (+0.81%), and September RBOB gasoline (RBU25 ) is up +0.0183 (+0.84%). Crude oil and gasoline prices extended this week's rally today to 5-week highs. Signs of strength in the global economy are supportive for energy demand and crude prices after the...

Barchart

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Tom’s Guide

Microsoft study reveals the 40 jobs AI is most likely to impact — and 40 that are safe (for now)

A new Microsoft study ranks the 40 jobs most at risk of being replaced by AI and the 40 roles that are safest for now. Find out if your career is on the list.

Euronews

Trump announces tariffs and penalty on India over Russian oil and arms imports

Ahead of Friday's new tariff package, Trump announced that a 25% tariff would be imposed on India along with another unspecified penalty for importing Russian oil and weapons despite US sanctions.

The Conversation

Canada could use thermal infrastructure to turn wasted heat emissions into energy

Buildings are the third-largest source of greenhouse gas emissions in Canada. In many cities, including Vancouver, Toronto and Calgary, buildings are the single highest source of emissions.

Barchart

Cotton Weakness Continues on Wednesday Morning

Cotton price action is down 45 to 49 points across most contracts early on Wednesday. Futures rounded out the Tuesday session under pressure, with contracts down 67 to 110 points. Pressure came from a $0.295 gain in the US dollar index to $98.690. Crude oil futures were $2.57/barrel higher. Weekly...

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Benzinga

EXCLUSIVE: Vivakor Sheds Water Transport Business To Refocus On Oil, Slashes $59 Million Debt

Vivakor (NASDAQ:VIVK) on Wednesday announced the sale of the non-core business units of Meridian Equipment Leasing, LLC, and Equipment Transport, LLC, subsidiaries of Vivakor Transportation, LLC, an indirect wholly-owned subsidiary of the company.

The Conversation

Why do corporations act against the public interest? We may have the answers (it’s not just greed)

For the past two years, Tesla has been embroiled in a bitter dispute with the Swedish labour union IF Metall. It is of a scale that the union hasn’t witnessed since the 1930s.

The National (Scotland)

Grangemouth closure hits Scottish economy hard as manufacturing plunges

The closure of the Grangemouth oil refinery has hit the Scottish economy hard, new figures show.

Benzinga

Trump Warns India Of 25% Tariffs As Trade Talks Stall Ahead Of August 1 Deadline

President Donald Trump warned India could face tariffs of 20% to 25% on exports to the United States as bilateral trade negotiations approach the August 1 deadline without a finalized agreement.

Benzinga

Trump To Russia: End Ukraine War In 10 Days Or Face Tariffs — Oil Approaches $70

President Donald Trump escalated pressure on Moscow on Tuesday, declaring the United States would impose tariffs and sanctions on Russia within 10 days unless significant progress occurs toward ending the three-year Ukraine conflict.

The Guardian - UK

Melon salad and Georgian-style grilled vegetables: Alice Zaslavsky’s recipes for barbecue-friendly sides

Melon, cucumber and tomato in a coriander pesto, and a spicy summer vegetable stew

Barchart

Cotton Heads Lower to Close Out Tuesday

Cotton futures rounded out the Tuesday session under pressure, with contracts down 67 to 110 points. Pressure came from a $0.295 gain in the US dollar index to $98.690. Crude oil futures were $2.57/barrel higher. Weekly Crop Progress data indicated 80% of the US cotton crop was squaring as of...

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