The Latest Breaking News from Oil

Three decades on from Wales’ biggest oil spill, how the Sea Empress disaster changed shipping

I grew up on the beaches of Pembrokeshire in south-west Wales. Visits to Tenby were my family’s summer ritual: sand between our toes, paddling in rockpools, strawberry syrup on ice cream.

The Conversation · Feb 12

The US is starving Cuba of fuel – here’s what a deal between them could look like

Cuba has reached a breaking point that even its crisis-hardened leadership cannot ignore. It is running out of fuel amid US pressure, having last received oil on January 9 from Mexico. This has prompted airlines such as Air Canada to cancel all flights to Cuba, hitting the tourism lifeline that…

The Conversation · Feb 12

In a contest to regulate Texas’s oil and gas industry, one Republican wants to talk DEI and China

Jim Wright, the GOP incumbent, and several other Republican candidates dismissed Bo French’s campaign rhetoric as distracting from the Railroad Commission’s mission.

The Texas Tribune · Feb 12

Forget 'peak oil': the era of scarcity is dead, and now we're drowning in abundance

The super glut is here as we extract hydrocarbons faster than the global economy can burn them.

Fortune · Feb 12

Cuba is facing an economic and social catastrophe, and not entirely because of Donald Trump

If you’re planning on a winter break to Cuba, get ready for an adventure rather than a vacation. If you’re wondering if United States President Donald Trump’s oil embargo will shatter Cuba’s Communist government, dig in for a drawn-out slog. And if you’re Cuban, brace for a nightmare.

The Conversation · Feb 12

Cotton Starting Thursday with Gains

Cotton prices are up 19 to 31 points on Thursday morning. Futures closed out the Wednesday session with gains of 11 to 40 points. Crude oil futures were down $0.94 per barrel on the day at $64.90. The US dollar index was down $0.130 to $96.805. The Seam showed sales...

Barchart · Feb 12

Offshore Titans: Transocean Buys Valaris for $5.8B

The strategic union of Transocean and Valaris establishes a premier offshore drilling contractor positioned to dominate the deepwater energy market.

MarketBeat · Feb 12

I've tested dozens of pans as a home economist – this Le Creuset set is the one that's made me want to transition to non-toxic stainless steel for good

Turns out cooking without non-stick coatings is a breeze with the right cookware set

Ideal Home · Feb 12

Saudi Arabia's oil giant Saudi Aramco crosses 70% localisation milestone, $280 billion boost to GDP: Global firms rush in as iktva creates over 200,000 jobs

Saudi Aramco has reached a significant milestone, achieving 70% local content in its supply chain. This achievement strengthens Saudi Arabia's industrial base and diversifies its economy beyond oil. The program has created over 200,000 jobs and attracted substantial foreign investment. Aramco aims to increase local content to 75% by 2030,…

The Times of India · Feb 12

Producers sound the alarm: Why are olive oil prices falling in the EU?

Experts say that production is now returning to more normal levels after a hit from heatwaves and droughts.

Euronews · Feb 12