The Latest Breaking News from Oil

When I worked as a mechanic, I frequently saw customers stunned when they were told how much their “small repairs” would be (especially when I was working on Porsches). You might think that only the catastrophic issues are the expensive ones, but that’s not always true. In fact, it’s the…

The crew of the Bella 1, the sanctioned oil tanker fleeing from U.S. forces, painted a Russian flag on the side of the vessel, an apparent attempt to claim Russian protection as it changes course and heads north, according to a new report.

Soybeans are showing steady trade on Tuesday, with January down 1 ¼ cents. The cmdtyView national average Cash Bean price is 1/4 cent lower at $9.80 1/2. Soymeal futures are down 40 cents to $2.20/ton. Soy Oil futures are up 22 to 25 points on the day. USDA reported a...

At least two tankers have recently made it to Venezuela and more are on their way as Caracas seeks to keep selling crude despite the U.S.'s blockade of sanctioned vessels, a new report detailed.

Diesel prices surged despite weak freight demand as supply tightened. Valero Energy and Phillips 66 are capturing higher margins while shippers face rising costs.

Venezuela's interior minister Diosdado Cabello, widely regarded as Nicolás Maduro's second in command, said Monday that U.S. military pressure and recent actions by Washington will not disrupt holiday celebrations in Venezuela.

February WTI crude oil (CLG26 ) today is up +0.23 (+0.40%), and February RBOB gasoline (RBG26 ) is up +0.0126 (+0.73%). Crude oil prices added to Monday's sharp gains today as global geopolitical risks from Venezuela, Nigeria, and Russia persist. Also, expectations that OPEC+ will stick with plans to pause...

Man, 2025 was a wild ride in commodities. Prices were down 7% overall per the World Bank, thanks to weak growth, oversupply, and all those tariff/election headaches. But hey, not total doom... precious metals absolutely crushed it.

The temperature drops overnight, your breath fogs the air, and suddenly the parking lot becomes a stage where every vehicle performs its own winter audition. Some cars fire up with confidence, engines humming like they’ve been waiting for this moment. Others cough, hesitate, and betray months of neglected maintenance in…