The Latest Breaking News from Oil

Guyanese President Irfaan Ali Claims Election Victory

Guyana's President Irfaan Ali claimed reelection Wednesday to a second term, tasked with turning the South American nation's newfound oil riches into prosperity while navigating tensions with neighbor Venezuela.

International Business Times · Sep 4, 2025

Cotton Bulls Hold onto Gains on Wednesday

Cotton futures posted stronger trade on Wednesday, with contracts up 10 to 16 points. The outside markets were mixed, as the US dollar index was down $0.252 on the day to $98.095 and crude oil futures $1.80 lower. The weekly NASS Crop Progress report showed cotton condition ratings down 3%...

Barchart · Sep 3, 2025

Crude Oil Prices Sharply Lower as OPEC+ Considers a Crude Production Increase

October WTI crude oil (CLV25 ) on Wednesday closed down -1.62 (-2.47%), and October RBOB gasoline (RBV25 ) closed down -0.0308 (-1.51%). Crude oil and gasoline prices retreated on Wednesday due to concerns of a global oil supply glut following a report from Reuters that OPEC+ is considering an increase...

Barchart · Sep 3, 2025

Crude Oil Prices Tumble as OPEC+ May Boost Crude Production

October WTI crude oil (CLV25 ) today is down -1.75 (-2.67%), and October RBOB gasoline (RBV25 ) is down -0.0301 (-1.47%). Crude oil and gasoline prices are falling sharply today on concerns of a global oil supply glut following a report from Reuters that OPEC+ is considering an increase in...

Barchart · Sep 3, 2025

Shell says it will not restart construction of Netherlands biofuels plant

British-Dutch oil giant Shell announced Wednesday it has abandoned construction of one of Europe's largest biofuel plants in the Netherlands, as it focuses on its fossil fuels business.

Radio France Internationale · Sep 3, 2025

U.S. Sanctions Iraqi-Led Network Smuggling Iranian Oil Worth $300M

The U.S. Treasury sanctioned Iraqi businessman Waleed al-Samarra'i and his companies for smuggling Iranian oil disguised as Iraqi crude, a $300M operation funding Tehran's regime.

International Business Times · Sep 3, 2025

Fact check: debunking viral claims about Spanish olive oil

Several viral online claims are suggesting that Spanish olive oil is being secretly mixed with Moroccan oil. Others say that the government is preparing to recall olive oil products from the market due to overproduction. One of these claims is false - and the other, only partially true.

Euronews · Sep 3, 2025

Cotton Turning Higher on Wednesday Morning, as Condition Ratings Slip

Cotton price action is 11 to 31 points higher so far on Wednesday morning. Futures were down 49 to 64 points on the Tuesday session. The US dollar index was up $0.575 on the day to $98.265, with crude oil futures $0.96 higher. Th weekly NASS Crop Progress report showed...

Barchart · Sep 3, 2025

Soybeans Falling on Wednesday Morning Despite Ratings Drop

Soybeans are down 2 to 5 cents across most contracts early on Wednesday Futures posted losses of 9 to 13 ½ cents across most contracts on Tuesday. Preliminary open interest showed some rotation of ownership, down 1,310 contracts on Tuesday. There were 586 deliveries issued against September beans, all by...

Barchart · Sep 3, 2025

Flour and cooking oil turned into ‘lures of death’ for thousands of Palestinians

Thousands of Palestinians have been killed while seeking food aid in Gaza.

We Got This Covered · Sep 3, 2025