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The Latest Breaking News from Oil

From J&K statehood to BHU polls: 699 Parliamentary assurances the government never delivered

In 2016, the petroleum ministry was asked in the Rajya Sabha if it would act against officials from the government-owned Oil and Natural Gas Corporation and its regulator Directorate General of Hydrocarbons for “inaction”. This was a case of alleged gas flow from an ONGC block to a Reliance Industries…

Newslaundry

Should I pour this down the sink? (Probably not, and here’s why)

Ever been about to pour rancid milk down the sink and thought…“Hmm, maybe I shouldn’t…”? What about the tomato passata that’s gone off? Or the water you washed the paint in? Or that pungent oil from a tuna can?

The Conversation

Cotton Posts Slight Thursday Gains

Cotton futures saw Thursday gains of 8 points across the front months at the close. Crude oil futures were 8 cents per barrel higher at $56.02. The US dollar index was $0.093 higher to $98.095. Export Sales data showed 135,886 RB of cotton sold during the week of 11/27, a...

Barchart

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Soybeans Extend Losses to Thursday’s Close

Soybeans rounded out the Thursday session with losses of 6 to 7 cents as weakness continues. The cmdtyView national average Cash Bean price was 5 3/4 cents lower at $9.81 1/4. Soymeal futures were 20 cent so $1.00 higher, with Soy Oil futures down 41 to 47 points. USDA reported...

Barchart

Heating Oil Shortages Are Straining Retiree Budgets

Heating oil shortages across several regions are putting significant pressure on retirees who rely on oil to heat their homes. Many seniors are discovering that...

Saving Advice

Crude Oil Prices Supported by Geopolitical Tensions

January WTI crude oil (CLF26 ) on Thursday closed up +0.21 (+0.38%), and January RBOB gasoline (RBF26 ) closed up +0.0070 (+0.41%). Crude oil and gasoline prices settled higher on Thursday amid heightened geopolitical risks in Venezuela and Russia. Also, Thursday's sharp rally in stocks boosted optimism about the economic...

Barchart

12 Cold-Weather Car Issues Spiking Across The Country

Winter doesn’t knock politely—it kicks the door in, steals your warmth, and dares your car to survive the night. One day, everything runs smoothly, and the next morning, your dashboard lights up like a holiday display of bad news. Cold weather has a ruthless way of exposing weaknesses you didn’t…

Clever Dude

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China Condemns U.S. 'Bullying' Over Venezuela Oil Blockade, Makes No Aid Commitments

China criticized what it described as "unilateral bullying" of Venezuela after the United States ordered a blockade of sanctioned oil tankers entering and leaving the South American country.

Latin Times

U.S. Says Top Cartel Leader Still Running Operations From High-Security Mexican Prison

Before his 2020 arrest, El Marro, leader of the Santa Rosa de Lima Cartel, was one of Mexico's most wanted criminals for large-scale fuel theft, or huachicoleo, and for trafficking fuel, oil, and heroin into the United States.

Latin Times

Soybeans Extending Weakness to Thursday

Soybeans are trading with Thursday losses of 4 to 5 ¼ cents at midday. The cmdtyView national average Cash Bean price is 4 1/4 cents lower at $9.83. Soymeal futures are $1 to $1.30 lower, with Soy Oil futures down 20 to 26 points. USDA reported a private export sale...

Barchart

Cotton Showing Slight Thursday Gains

Cotton futures are up 5 to 7 points so far on Thursday’s midday. Crude oil futures are 50 cents per barrel higher at $56.44. The US dollar index is $0.143 higher to $98.145. Export Sales data showed 135,886 RB of cotton sold during the week of 11/27, a 4-week low....

Barchart

Meg O’Neill: ‘hard-nosed’ outsider who will head BP’s pivot away from green energy

First female appointment to a major oil company has faced fierce resistance from climate activists as boss of Woodside

The Guardian - UK

One year after a deadly train wreck, a West Texas town awaits help to avoid more tragedy

As oil and gas industry traffic continues to speed through Pecos, TxDOT said it is working to find $194 million to build an alternative route away from the heart of the city.

The Texas Tribune

Geopolitical Tensions Support Crude Oil Prices

January WTI crude oil (CLF26 ) today is up +0.57 (+1.02%), and January RBOB gasoline (RBF26 ) is up +0.0134 (+0.79%). Crude oil and gasoline prices are rising today amid heightened geopolitical risks in Venezuela and Russia. Also, today's sharp rally in stocks boosts optimism about the economic outlook, which...

Barchart

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Latin Times

Maduro Says Venezuela Will Continue Trading Oil Despite U.S. Blockade, Claims Trump Won't Achieve Regime Change

Venezuela's authoritarian President Nicolas Maduro said the country will continue trading oil despite the U.S.'s recent blockade of sanctioned tankers, adding that President Donald Trump won't achieve his goal of regime change.

We Got This Covered

Trump says Venezuela is ‘completely surrounded’ — then demands its oil, land, and assets

This is not about drugs, it's about oil.

Fortune

'They took all of our oil not that long ago. And we want it back': Trump demands Venezuela return seized assets

U.S. oil companies dominated Venezuela's petroleum industry until the the 1970s and then under Nicolás Maduro and his predecessor, Hugo Chávez.

Latin Times

Russia Cautions U.S. About Making a 'Fatal Mistake' In Military Campaign Against Venezuela

Venezuela cautioned the U.S. about making a "fatal mistake" in its military campaign against Venezuela, adding that its recent decision to impose a blockade on sanctioned oil tankers "pose a threat to international shipping."

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Barchart

Cotton Showing Thursday AM Losses

Cotton prices action is down 10 to 15 points early on Thursday. Futures closed the Wednesday session with contracts up 20 to 33 points on the day. Crude oil futures were $1.63 per barrel higher at $56.90. The US dollar index was $0.201 higher to $97.995. Spec traders in cotton...

The Independent UK

Venezuelan navy escorts oil tankers in direct challenge to Trump blockade

At least 97 people have been killed in controversial U.S. military strikes across the Caribbean

The Conversation

How Venezuela has been preparing for a US invasion for more than two decades

In the latest escalation of tensions between the US and Venezuela, on December 17 US President Donald Trump ordered a “complete blockade” of sanctioned oil tankers going into and out of Venezuela. His Venezuelan counterpart, Nicolás Maduro, called the move “warmongering threats”, and accused the US of trying to steal…

The Guardian - UK

Saudi Arabia’s 2034 World Cup stadium plans face delays and cost-cutting

Saudi Arabia’s construction of stadiums for the 2034 World Cup is facing delays owing to a desire from the PIF to scale back costs

We Got This Covered

‘They took all of our oil and we want it back’: Delusional Donald Trump repeatedly insists the oil under Venezuela is, in fact, his

Hail to the thief!

The Guardian - AU

Woodside Energy’s Meg O’Neill, who criticised ‘zealous’ young climate activists, moves to BP

O’Neill tapped to lead global oil and gas giant, which has broken from net zero strategy and will ramp up fossil fuels

The Guardian - US

US strike on alleged drug boat in Pacific kills four, as Trump accuses Venezuela of taking ‘our oil’

Hegseth announcement comes day after Trump blockades all sanctioned oil tankers entering and leaving Venezuela

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