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The Latest Breaking News from Oil

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.

Euronews

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.

The Conversation

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...

Barchart

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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.

Benzinga

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 Conversation

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.

The National (Scotland)

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

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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.

Benzinga

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

The Guardian - UK

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...

Barchart

Soybeans Fall Despite Bean Oil Strength

Soybeans were under pressure for much of Tuesday, with contracts down 2 to 7 cents at the close. The cmdtyView national average new crop Cash Bean price was down 2 1/4 cents at $9.56 1/2. Soymeal futures continued their weakness, with contracts down $2.30 to $3.20. Soy Oil saw gains...

Barchart

Crude Prices Surge as President Trump Threatens Sanctions on Russian Energy Exports

September WTI crude oil (CLU25 ) on Tuesday closed up +2.50 (+3.75%), and September RBOB gasoline (RBU25 ) closed up +0.0738 (+3.51%). Crude oil and gasoline prices surged Tuesday, with crude posting a 2-week high and gasoline posting a 5-week high. Concerns about the possibility of tighter global oil supplies...

Barchart

The Reality of Trump’s ‘Beautiful Bill’: A Generation’s Worth of Damage

Western Environmental Law Center attorney discusses New Mexico, the president's energy emergency and how we can emerge from the “ruins.”

Capital & Main

Soaring Crude Oil Prices Support Gains in Sugar

October NY world sugar #11 (SBV25 ) on Tuesday closed up +0.16 (+0.97%), and October London ICE white sugar #5 (SWV25 ) closed up +0.50 (+0.11%). Sugar prices settled higher for a second day Tuesday, with NY sugar posting a 1-week high. Strength in crude prices is supporting gains in...

Barchart

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Barchart

Soybeans Falling on Tuesday

Soybeans are extending the losses to Tuesday’s midday, with contracts 6 to 11 ½ cents lower. The cmdtyView national average new crop Cash Bean price is down 6 1/2 cents at $9.52 1/2. Soymeal futures are continuing with weakness, with contracts down $3.10 to $3.20. Soy Oil is 17 to...

Barchart

Cotton Falling on Tuesday Trade

Cotton futures are down 38 to 63 points in the nearby contracts so far on Tuesday’s midday. Crude oil futures are $1.00/barrel higher. The US dollar index is continuing the rally, up $0.340 to $98.735. Weekly Crop Progress data indicated 80% of the US cotton crop was squaring as of...

Benzinga

Crude Oil Gains Over 1%; UnitedHealth Earnings Miss Views

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 0.2% on Tuesday.

Barchart

Sugar Prices Follow Crude Oil Prices Higher

October NY world sugar #11 (SBV25 ) today is up +0.13 (+0.79%), and October London ICE white sugar #5 (SWV25 ) is up +0.20 (+0.045%). Sugar prices are moving higher for a second day today, with NY sugar posting a 1-week high. Strength in crude prices is supporting gains in...

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Fortune

Baker Hughes buys Chart Industries for $13.6 billion, outbidding planned Flowserve merger

The Baker Hughes acquisition represents the biggest oilfield services deal in years as the fragmented industry consolidates.

Barchart

Threats of Additional Sanctions on Russian Energy Exports Support Crude Oil

September WTI crude oil (CLU25 ) today is up +0.97 (+1.45%), and September RBOB gasoline (RBU25 ) is up +0.0399 (+1.90%). Crude oil and gasoline prices today added to Monday's rally and posted fresh 1-week highs. Concerns about the possibility of tighter global oil supplies are supporting crude prices after...

Euronews

Four killed and hundreds arrested as protests against fuel hikes in Angola turn violent

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

Evening Standard

Trump didn’t push me to support new oil and gas drilling, Swinney says

The First Minister said the US President made his views clear during their dinner but did not press him to back new drilling.

Barchart

Cotton Back to Weakness on Tuesday, Despite USDA Shows Drop in Ratings

Cotton prices are down 35 to 39 points early on Tuesday. Futures closed out the Monday session with contracts up 11 to 39 points. Crude oil futures were $1.79/barrel higher. The US dollar index was rallying, up $0.996 to $98.295. Weekly Crop Progress data indicated 80% of the US cotton...

The National (Scotland)

Donald Trump's 'North Sea oil is UK treasure chest' claim rubbished

DONALD Trump’s claim that North Sea oil is a “treasure chest for the UK” has been dismissed as “pure fantasy”.

Evening Standard

The rise of London Mediterranean, the style defining the capital's hottest restaurants

‘London Mediterranean’ is a more encompassing and minded way to define food here beyond ‘modern European’

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