The Latest Breaking News from Oil

Colombia blasts Ecuador's pipeline fee hike as trade war between neighbors escalates

Colombia has blasted Ecuador’s decision to increase transportation fees for Colombian oil

The Independent UK · Jan 27

Crude Prices Jump to a 3-Month High on Dollar Weakness and Iran Risks

March WTI crude oil (CLH26 ) on Tuesday closed up +1.76 (+2.90%), and March RBOB gasoline (RBH26 ) closed up +0.0444 (+2.42%). Crude oil and gasoline prices rose sharply on Tuesday, with crude oil posting a 3-month high and gasoline climbing to an 8-week high. Tuesday's slump in the dollar...

Barchart · Jan 27

U.S. To lift Some Sanctions On Venezuela's Oil Industry As Trump Admin Oversees Sector: Report

The U.S. is set to lift some sanctions on Venezuela's oil industry as the Trump administration continues to take steps to control the country's sector following the capture of authoritarian President Nicolas Maduro, according to a new report.

Latin Times · Jan 27

Mexican President Sheinbaum Says Halting Of Oil Shipments To Cuba Is 'Sovereign' Decision And Not Driven by U.S. Pressure

President Claudia Sheinbaum rejected claims that the halting of oil shipments to Cuba was prompted by pressure from Washington, framing the decision as a sovereign policy choice shaped by state oil company Pemex's contractual considerations.

Latin Times · Jan 27

Cotton Turning Higher on Tuesday

Cotton futures are rallying back on Tuesday with contracts up 65 to 76 points at midday, getting some outside market help. Crude oil futures are up $1.52 per barrel at midday at $62.14. The US dollar index is down another $0.717 to $96.140. The Monday online auction from The Seam...

Barchart · Jan 27

Soybeans Trading Higher on Turnaround Tuesday

Soybeans are trading with 5 to 6 cents higher on Tuesday. The cmdtyView national average Cash Bean price is 5 1/2 cents higher at $9.98 3/4. Soymeal futures are down holding steady at midday, with Soy Oil futures 55 to 60 points higher. Brazil soybean exports in January are estimated...

Barchart · Jan 27

Trump’s man in London hits out as UK’s clean energy deal

The Hamburg Declaration signed by Ed Miliband was described as ‘historic’ by the Department for Energy Security ad Net Zero

The Independent UK · Jan 27

Trump’s man in London warns clean energy deal will not meet UK’s needs

US ambassador to the UK Warren Stephens said the UK should take advantage of North Sea oil and gas reserves.

Evening Standard · Jan 27

Indian Refiners Shut Out of Venezuelan Crude as U.S. Absorbs Most Volumes: 'Offers Are Not There'

Indian oil refiners are receiving only limited offers of Venezuelan crude as most available supply is being directed to the United States following Washington's takeover of Venezuelan oil sales after the capture of former president Nicolás Maduro.

Latin Times · Jan 27

Tourism in Cuba plummets as tensions with US increase and Venezuela oil shipments drop

Tourism in Cuba is plummeting at a time when the island desperately needs that revenue

The Independent UK · Jan 27