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The Latest Breaking News from Oil

Venezuelan oil giant PVDSA hit by cyberattack amid US conflict

The Venezuelan Oil Ministry has been hit by a cyberattack, which it believes was carried out by the US.

TechRadar

John Fetterman Defends Trump's Blockade On Venezuelan Tankers: 'Funds That Support Regimes Like Iran'

Democratic Sen. John Fetterman defended President Donald Trump's naval blockade of sanctioned oil tankers off Venezuela's coast, saying the asset "will support Iran" and its proceeds will be used to fund "terrorism."

Latin Times

First Thing: Trump orders blockade of oil tankers under sanctions from entering and leaving Venezuela

Move comes amid escalating campaign against Maduro as Venezuelan government condemns ‘grotesque threat’. Plus, how to plan a polyamorous wedding

The Guardian - UK

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Rep. Joaquin Castro Calls Trump's Blockade On Venezuela's Tankers 'An Act Of War,' Says 'American People' Don't Want It

Democratic Rep. Joaquin Castro said President Donald Trump's announcement of a naval blockade of Venezuela's sanctioned oil tankers is "unquestionably an act of war" and defended his initiative to end hostilities with the South American country.

Latin Times

US military says it carried out lethal strike on vessel in Pacific, killing four, as Trump addresses country – as it happened

Pete Hegseth says no US military harmed as US Southern Command says it hit three vessels in international waters

The Guardian - US

Texas Pacific Land Stock: Is TPL Underperforming the Energy Sector?

Texas Pacific Land has underperformed the Energy sector over the past year, but analysts are cautiously optimistic about the stock’s prospects.

Barchart

Maduro Calls Trump's Oil Tanker Crackdown 'Interventionist and Colonialist', Says 'Venezuela Will Never Again Be a Colony'

Maduro also said that Washington's "true intention" has always been to appropriate Venezuela's natural resources through "gigantic campaigns of lies and manipulation"

Latin Times

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S&P Futures Gain as Investors Weigh U.S. Jobs Data, Fed Speak and Micron Earnings in Focus

December S&P 500 E-Mini futures (ESZ25) are trending up +0.27% this morning as investors continue to digest the latest U.S. jobs data, while also awaiting remarks from Federal Reserve officials and an earnings report from semiconductor giant Micron.

Barchart

Prices at the pump are the lowest since the pandemic and still falling—just in time for record-high holiday travel

Fuel and crude prices are near five-year lows as global oil output led by OPEC and the U.S. continues to rise.

Fortune

Trump live updates: Dozens more Epstein photos, texts and documents released ahead of administration’s deadline for all files

Democrats released 68 photos, including of a young woman's body with Lolita quotes written in pen

The Independent UK

Is Crude Oil a Good Investment for 2026?

The commodity complex has been explosive the last few years, leading long-term investors to wonder if crude oil is the next big opportunity.

Barchart

FTSE 100 Live 17 December: Stocks surge amid inflation cheer, interest rate set to fall

The rate of inflation fell far more quickly than expected last month, paving the way for another cut in interest rates tomorrow.

Evening Standard

This Little Known (but Award-Winning) K-Beauty Brand Has Just Restored My Dehydrated Winter Skin

Milky toners just got a serious upgrade

Marie Claire

Asian shares are mixed and oil prices jump as Trump orders a blockade of oil tankers to Venezuela

Asian shares are mixed, with strong buying of technology shares helping to lift some benchmarks, while oil prices surged more than 1% after President Donald Trump ordered a blockade of all “sanctioned oil tankers” into Venezuela

The Independent UK

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Euronews

Trump orders blockade of sanctioned oil tankers in and out of Venezuela

Trump's escalation comes after U.S. forces last week seized an oil tanker off Venezuela’s coast, an unusual move that followed a buildup of military forces in the region.

The Guardian - US

Trump orders blockade of sanctioned oil tankers entering and leaving Venezuela

Move comes amid escalating campaign against Maduro as Venezuelan government condemns ‘grotesque threat’

The Independent UK

The Latest: Hegseth and Rubio brief lawmakers on US military escalation

President Donald Trump’s top Cabinet officials overseeing national security are back on Capitol Hill as questions mount over the swift escalation of U.S. military force and deadly boat strikes in international waters near Venezuela

The Guardian - US

Trump news at a glance: president ratchets up pressure on Maduro with oil tanker blockade

Trump said US armada ‘will only get bigger’ until Venezuela returns ‘all of the oil, land, and other assets that they previously stole from us’ – key US politics stories from 16 December 2025

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news in one place.

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Axios

Trump orders oil tankers blockade in Venezuela, labels Maduro regime a "terrorist" group

The escalation exerts unprecedented pressure on the Maduro regime, threatening to bankrupt Venezuela's already struggling economy.

The Independent UK

Trump calls for ‘total and complete blockade’ of sanctioned oil tankers from Venezuela in escalation of tensions

The White House and Pentagon has placed hundreds of American troops and ships near Venezuela’s coastline

The Independent UK

Trump orders blockade of 'sanctioned oil tankers' into Venezuela, ramping up pressure on Maduro

President Donald Trump says he is ordering a blockade of all “sanctioned oil tankers” into Venezuela, ramping up pressure on the country’s authoritarian leader Nicolás Maduro

Barchart

Cotton Falls Lower on Tuesday

Cotton futures fell on Tuesday, down 72 to 84 points across the front months at the close. Pressure came from the synthetic market, with crude oil futures are $1.65 lower per barrel at $55.17. The US dollar index was $0.038 higher to $97.995. Monday’s online auction from The Seam showed...

Barchart

Corn Weighted Down on Tuesday

Corn futures closed out the Tuesday session with most contracts 2 to 3 ¼ cents lower at the final bell. The CmdtyView national average Cash Corn price was down 3 1/4 cents to $3.92 3/4. There was some outside pressure, with losses in wheat adding spillover weakness and crude oil...

Barchart

Crude Prices Plunge on Demand Concerns Amid Mounting Oil Supplies

January WTI crude oil (CLF26 ) on Tuesday closed down -1.55 (-2.73%), and January RBOB gasoline (RBF26 ) closed down -0.0514 (-2.97%). Crude oil and gasoline prices sold off on Tuesday, falling to 4.75-year nearest-futures lows. Concerns about global energy demand and expectations for a worldwide oil glut are weighing...

Barchart

Slump in Crude Oil Weighs on Sugar Prices

March NY world sugar #11 (SBH26 ) on Tuesday closed down -0.13 (-0.87%), and March London ICE white sugar #5 (SWH26 ) closed down -3.40 (-0.80%). Sugar prices retreated on Tuesday due to a slump in crude oil prices. WTI crude (CLF26 ) sank to a 4.75-year low on Tuesday,...

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