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The Latest Breaking News from Oil

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

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

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

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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

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

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

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

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Skip the set menu: Six French dishes for a better Valentine’s dinner at home

Skip the set menus and cook dinner ‘à la maison’ instead with these six bistro-style recipes designed for minimal waste, minimal washing up and maximum romance – with a complete shopping list included

The Independent UK

How Iran’s current unrest can be traced back to the 1979 revolution

The recent unrest in Iran, with the third mass protests in the past six years, has left the theocratic regime wounded but not out.

The Conversation

Oil giant tells Trump it’s ‘too expensive’ to reinvest in Venezuela despite president’s urging

The French multinational energy company had left Venezuela in 2022 but, along with others, faced pressure to return from Trump following the U.S. military operations to capture the ousted president Nicolas Maduro on January 3

The Independent UK

Soybeans Hold onto Gains on Wednesday

Soybeans posted gains of 1 to 4 3/4 cents to close out Wednesday. The cmdtyView national average Cash Bean price was up 2 cents at $10.58 1/4. Soymeal futures were $1.00 to $2.20 higher on the day, with Soy Oil futures slipping 15 to 36 points on the day. The...

Barchart

Cotton Close Wednesday with Gains

Cotton 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 on 10,876 bales sold on 2/10, averaging 57.48 cents/lb. The...

Barchart

Cuban peso hits a record low against the US dollar in informal markets

The Cuban peso has sunk to a record low against the U.S. dollar in the informal market, as tighter U.S. pressure on oil supplies deepens Cuba’s economic crisis

The Independent UK

Big Oil embraces exploration outside of the Americas again as Chevron enters Libya

American Big Oil is returning to countries in the Middle East, Africa, and beyond to find new sources of oil and gas.

Fortune

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Barchart

Geopolitical Risks Support Crude Oil Prices

March WTI crude oil (CLH26 ) on Wednesday closed up +0.67 (+1.05%), and March RBOB gasoline (RBH26 ) closed up +0.0197 (+1.01%). Crude oil and gasoline prices settled higher on Wednesday, with crude posting a 1.5-week high and gasoline posting a 2.75-month high. Escalating US-Iran tensions are underpinning crude prices...

Barchart

Cotton Holding Higher on Wednesday

Cotton futures are trading with 15 to 28 point gains across the front months at Wednesday’s midday. Crude oil futures are down $0.94 per barrel on the day at $64.90. The US dollar index is down $0.010 to $96.665. The Seam showed sales on 10,876 bales sold on 2/10, averaging...

Barchart

Soybeans Pushing Higher at Midday, Shrugging off Early Weakness

Soybeans are 1 to 3 cents higher so far on Wednesday. The cmdtyView national average Cash Bean price is up 1 3/4 cents at $10.58. Soymeal futures are $2.30 to $2.60 higher on the day, with Soy Oil futures are 7 to 9 points in the green so far on...

Euronews

Russia's 'shadow fleet' of tankers reported in Danish waters almost daily in 2025, Denmark says

Sailing from the Gulf of Finland and through the Baltic Sea, the ageing and poorly-maintained tankers mainly transport crude oil as well as refined products such as gasoline and diesel.

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Evening Standard

FTSE 100 climbs as US jobs data beats expectations

The FTSE 100 index closed up 118.27 points, or 1.1%, at 10,472.11.

Barchart

Crude Prices Climb on Iran Tensions

March WTI crude oil (CLH26 ) today is up +1.28 (+2.00%), and March RBOB gasoline (RBH26 ) is up +0.0331 (+1.691%). Crude oil and gasoline prices are moving higher today, with crude posting a 1.5-week high and gasoline posting a 2.75-month high. Escalating US-Iran tensions are underpinning crude prices today...

The Guardian - UK

Moscow preparing to evacuate Russian tourists from Cuba amid US oil blockade

Cuban aviation authorities have warned country is running out of jet fuel, threatening to derail tourism industry

The Independent UK

US Energy Secretary Chris Wright visits Venezuela to assess oil industry overhaul

The US government steps deeper into Venezuela’s oil overhaul as Energy Secretary Chris Wright visits to assess the industry

Texas Observer

How Radioactive Oil and Gas Waste Could Lie Beneath a North Texas Elementary School

A massive Dallas-Fort Worth subdivision and a school have risen atop layers of oil and gas drilling waste. One worker who helped spread the material is speaking out.

We Got This Covered

5 auto shops couldn’t fix a common car problem, but the 6th mechanic used a dollar bill and solved it in seconds

That’s a nifty trick!

Euronews

Europe lost out on 3.8mn tonnes of Kazakh oil after Black Sea attacks

Kazakhstan’s oil exports fell after Ukrainian drone attacks and stormy weather hampered operations at the Caspian Pipeline Consortium’s marine terminal in Novorossyisk. Its major oil field Tengiz also suffered an outage in January.

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