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The Latest Breaking News from Oil

Breaking Live 4 publishers covering this story in the last 6 hours

Why is Trump going after Venezuela? His administration has so far floated these three reasons for its pressure campaign

Trump has claimed Maduro allowed ‘millions’ of Venezuelans into the U.S.

The Independent UK · Dec 12, 2025

Ukraine-Russia war latest: EU agrees indefinite freeze on €210bn of Russian assets

Ukraine’s ambassador to Washington insisted the meeting ‘only covered national security related issues’

The Independent UK · Dec 12, 2025

Black-market oil buyers will push Venezuela for bigger discounts following US seizure – starving Maduro of much-needed revenue

The U.S. seizure of an oil tanker off the Venezuelan coast looks designed to further squeeze the economy of President Nicolás Maduro’s country.

The Conversation · Dec 12, 2025

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U.S. Lawmakers Condemn Trump's Seizure of Venezuelan Oil Tanker: 'Sleepwalking Us Into a War'

Senior Democratic lawmakers — and at least one Republican — criticized President Donald Trump on after U.S. forces seized a Venezuelan oil tanker off the country's coast

Latin Times · Dec 11, 2025

Soybeans End Thursday on a Slightly Higher Note

Soybeans saw slight gains of 1 to 2 1/4 cents in the nearbys on Thursday. The cmdtyView national average Cash Bean price was 1 3/4 cents higher at $10.22 1/2. Soymeal futures were up 30 to 90 cents, with Soy Oil futures 23 to 29 points lower. USDA reported private...

Barchart · Dec 11, 2025

Cotton Pulls Back on Thursday

Cotton futures faced some light Thursday pressure, with contracts down 8 to 12 points at the close. Crude oil futures are down 54 cents per barrel at $57.92, with the US dollar index $0.373 lower to $98.395. Export Sales data was released this morning for the week of 11/13 showing...

Barchart · Dec 11, 2025

Lawsuit challenges the approval of an exploratory drilling program in Alaska petroleum reserve

A new lawsuit seeks to overturn the recent approval of an exploratory drilling program in the National Petroleum Reserve-Alaska

The Independent UK · Dec 11, 2025

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US seizure of rogue oil tanker off Venezuela signals new crackdown on shadow fleet

The recent seizure of an oil tanker known as Skipper by the U.S. off the coast of Venezuela marks a dramatic escalation of President Donald Trump’s campaign to choke off Venezuelan leader Nicolás Maduro’s access to oil revenues

The Independent UK · Dec 11, 2025

Crude Oil Prices Pressured on Signs of Abundant Global Supplies

January WTI crude oil (CLF26 ) on Thursday closed down -0.78 (-1.34%), and January RBOB gasoline (RBF26 ) closed down -0.0232 (-1.15%). Crude oil and gasoline retreated on Thursday, with crude posting a 7-week low and gasoline slumping to a 4.75-year nearest-futures low. Concerns about a global oil glut continue...

Barchart · Dec 11, 2025

U.S. Reportedly Set To Seize More Tankers Off Venezuelan Coast And Has a Target List

The Trump administration is set to continue seizing oil tankers off the Venezuelan coast and has assembled a list of targets to carry out the policy, according to a new report.

Latin Times · Dec 11, 2025

Sugar Prices Fall as Crude Oil Slumps

March NY world sugar #11 (SBH26 ) on Thursday closed down -0.06 (-0.40%), and March London ICE white sugar #5 (SWH26 ) closed down -1.90 (-0.45%). Sugar prices gave up early gains on Thursday and turned lower after crude oil prices plunged. WTI crude (CLF26 ) tumbled to a 7-week...

Barchart · Dec 11, 2025

Trump expands Venezuela sanctions as Maduro decries new ‘era of piracy’

Six more oil supertankers added to sanctions list, as well as members of Maduro’s extended family, amid rising tensions following tanker seizure

The Guardian - US · Dec 11, 2025

Noem links the seizure of an oil tanker off Venezuela to US antidrug efforts

Homeland Security Secretary Kristi Noem has linked the seizure of an oil tanker off the coast of Venezuela to the Trump administration's counterdrug efforts

The Independent UK · Dec 11, 2025

Cotton Trading with Slight Thursday Midday Losses

Cotton futures are down 7 to 12 points across most front months at Thursday’s midday. Crude oil futures are down $1.15 per barrel at $57.32, with the US dollar index $0.568 lower to $98.200. Export Sales data was released this morning for the week of 11/13 showed cotton bookings at...

Barchart · Dec 11, 2025

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Barchart · Dec 11, 2025

Soybeans Showing Slight Gains on Thursday

Soybeans are up 1 to 3 cents at Thursday’s midday. The cmdtyView national average Cash Bean price is 2 ¼ cents higher at $10.23. Soymeal futures are up $1.50, with Soy Oil futures 30 to 38 points lower. There were 4 deliveries issued against December soybean oil on Wednesday. USDA...

Axios · Dec 11, 2025

Scoop: Trump sanctions Maduro's nephews, 6 ships carrying Venezuela oil

It's the latest turn in President Trump's pressure campaign on Maduro, whom the administration has accused of leading a narco-trafficking terrorist organization.

Latin Times · Dec 11, 2025

British Politician Jeremy Corbyn Agrees With Venezuela, Claims U.S. Seizure Of Tanker Near Its Coast Is An 'Act Of Piracy'

British politician Jeremy Corbyn agreed with Venezuela's claim that the seizure of an oil tanker off its coast by U.S. forces constituted an "act of piracy" and it is "wholly illegal within international law."

The Conversation · Dec 11, 2025

What does international law tell us about the US seizure of an oil tanker off the coast of Venezuela?

“We’ve just seized a tanker on the coast of Venezuela – a large tanker, very large, the largest one ever seized actually,” said Donald Trump on December 10. In a dramatic operation, US forces had just taken over an oil tanker called Skipper, which was sanctioned by the US in…

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Barchart · Dec 11, 2025

Sugar Prices Weighed Down by Weakness in Crude Oil

March NY world sugar #11 (SBH26 ) today is down -0.01 (-0.07%), and March London ICE white sugar #5 (SWH26 ) is down -0.80 (-0.19%). Sugar prices gave up early gains today and turned lower after crude oil prices plunged. WTI crude (CLF26 ) tumbled more than -2% today to...

Barchart · Dec 11, 2025

Crude Oil Prices Retreat on Concerns Over a Global Oil Glut

January WTI crude oil (CLF26 ) today is down -1.27 (-2.17%), and January RBOB gasoline (RBF26 ) is down -0.0342 (-1.92%). Crude oil and gasoline prices are sharply lower today, with crude posting a 7-week low and gasoline slumping to a 4.75-year nearest-futures low. Concerns about a global oil glut...

The Guardian - US · Dec 11, 2025

US lawmakers condemn seizure of Venezuelan oil tanker: ‘Trump is sleepwalking us into a war’

Unease grows in Washington, including among some Republicans, over Trump administration’s escalating military posture in the Caribbean

International Business Times · Dec 11, 2025

Russia Reiterates Its Support For Venezuela After U.S. Seizes Tanker Off Its Coast

Russian President Vladimir Putin held a call with Venezuela's authoritarian President Nicolas Maduro, where he reiterated Moscow's support for Caracas.

Latin Times · Dec 11, 2025

Venezuela Decries Act of 'International Piracy' as U.S. Seizes Oil Tanker Off Country's Coast

Venezuela accused the United States of committing an act of "international piracy" after U.S. forces seized an oil tanker near the country's coastline.

Reason · Dec 11, 2025

A Divided Fed

Plus: Cocaine and mustard gas, U.S. seizes oil tanker, billionaires in the White House, and more...

The Guardian - AU · Dec 11, 2025

What we know about the oil tanker seized by the US off the Venezuela coast

The Skipper, a tanker sanctioned by the US in 2022, is thought to have been carrying 1.1m barrels of Venezuelan oil

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