The Latest Breaking News from Oil

Oil and gas windfall tax must be replaced, say offshore and renewables groups

Offshore Energies UK and Scottish Renewables have written a joint letter to Chancellor Rachel Reeves and Energy Secretary Ed Miliband.

The Independent UK · Nov 4, 2025

This is our wellness editor’s favourite mood-boosting product – and it’s ideal for menopause

These scent rollers smell like Jo Malone fragrances and transform your mood in minutes

The Independent UK · Nov 4, 2025

BP signals more cost cuts on way after fall in profits

Oil and gas company says it will review its portfolio and push to sell off assets faster

The Guardian - UK · Nov 4, 2025

Cotton Closes with Gains on Monday

Cotton futures pulled out strength on Monday, with contracts up 12 to 15 points in the nearbys. Crude oil futures were up 4 cents/barrel to $61.02, with the US dollar index back up $0.075 to $99.705. The October 31 online auction from The Seam showed 1,219 bales sold with an...

Barchart · Nov 3, 2025

Trump administration considers revoking ban on oil and gas development near Chaco historical park

The Trump administration is initiating formal meetings with Native American tribes in the southwestern U.S. as it considers revoking a 20-year ban of oil and gas development across of hundreds of square miles of federal land surrounding Chaco Culture National Historical Park

The Independent UK · Nov 3, 2025

Cotton Sneaking Out Midday Gains

Cotton price action is showing slight 2 to 5 point midday gains on Monday. Crude oil futures are up 31 cents/barrel to $61.29, with the US dollar index back up $0.015 to $99.645. The October 31 online auction from The Seam showed 1,219 bales sold with an average price of...

Barchart · Nov 3, 2025

Stocks struggle despite manufacturing improvement

UK manufacturing output expanded for the first time in a year in October, according to a survey.

Evening Standard · Nov 3, 2025

Crude Prices Move Higher as OPEC+ Pauses Production Hikes for Q1-2026

December WTI crude oil (CLZ25 ) today is up +0.35 (+0.57%), and December RBOB gasoline (RBZ25 ) is up +0.0189 (+0.99%). Crude oil prices have support today after OPEC+ on Sunday announced the expected December production hike, but then said production hikes will be halted in Q1. Crude oil prices...

Barchart · Nov 3, 2025

Away from Brazil’s ‘forest’ Cop30 – the fate of the Congo Rainforest hangs in the balance

IN FOCUS: The Democratic Republic of Congo government has opened bids for oil and gas drilling across huge swathes of the country, raising fears that the world’s last great rainforest carbon sink could be destroyed, Nick Ferris reports

The Independent UK · Nov 3, 2025

Ukraine gets more Patriot air defence systems from Germany to counter Russian attacks

Volodymyr Zelenskyy has pleaded with Western partners to provide more Patriot systems but production limitations and the need to maintain stockpiles have slowed their delivery.

Euronews · Nov 3, 2025