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The Latest Breaking News from Oil

Trump tariffs: American shoppers hit with 60% of costs as import taxes reach 100-year high

Tariffs on U.S. trading partners finally in full effect months after ‘Liberation Day’ announcement and ensuing turmoil and uncertainty

The Independent UK · Aug 7, 2025

Inside the Trump-Putin Talks: A High-Stakes Diplomatic Gamble to End the Ukraine War

Trump-Putin talks could soon happen as US President Donald Trump wants Russia to stop hostilities against Ukraine. Here's what people should expect.

International Business Times UK · Aug 7, 2025

Are Trump’s tariffs pushing rivals India and China closer together?

American president’s targeting of India with hefty levies, coupled with his efforts to strengthen ties with Pakistan, could cost him a powerful ally in the Asia-Pacific region, reports Alisha Rahaman Sarkar

The Independent UK · Aug 7, 2025

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Trump has finally realised he needs economic and military muscle to force Putin to agree a peace deal

With only two days to go before the expiry of his latest ultimatum to end the Russian aggression against Ukraine, the US president, Donald Trump, dispatched his envoy Steve Witkoff to Moscow for the fifth time on August 6. After three hours of talks in the Kremlin between Witkoff and…

The Conversation · Aug 7, 2025

Cotton Rallying Ahead of Export Sales Release

Cotton price action is up 41 to 58 points so far on Thursday. Futures were up 11 points in the October contracts on Wednesday, with other contracts down 23 to 27 points. The US dollar index was back down $0.561 to $98.020, as crude oil futures were another $0.73/barrel lower....

Barchart · Aug 7, 2025

Soybeans On the Higher Side of Unchanged to Start Thursday Trade

Soybeans are steady to 3 cents higher in early Thursday trade. Futures closed with losses of 6 to 7 ½ cents across the front months on Wednesday. Preliminary open interest was up 5,141 contracts on Wednesday. The cmdtyView national average Cash Bean price was down 6 cents at $9.27 1/2....

Barchart · Aug 7, 2025

Why Trump's Tariffs Hit India Harder Than China — Modi Faces Shashi Tharoor's Warning on the Fallout

US imposes 50% tariffs on Indian exports, sparking trade war fears as India refuses to halt Russian oil imports, risking a £4.3 billion export loss.

International Business Times UK · Aug 7, 2025

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Defying Trump On Russia Could Be India's Mistake, Say Economists: 'Are You Going To Risk Up To $87 Billion...'

While the U.S. has levied an additional 25% tariffs on India by the end of August for continuing import of discounted Russian crude oil, economists weigh in if ignoring Trump’s calls is a wise move for India.

Benzinga · Aug 7, 2025

Plastic Pollution Treaty Talks Stuck In 'Dialogue Of The Deaf'

Negotiations aimed at forging a global treaty on plastic pollution are being blocked by oil-producing countries and getting bogged down in a "dialogue of the deaf", sources in and around the talks told AFP. Ten days of talks on finalising an international, legally-binding instrument on plastic pollution opened on Tuesday…

International Business Times · Aug 7, 2025

Takeaways from AP’s report on Alaska Natives’ response to oil and mining proposals

President Donald Trump’s administration and its allies have pushed aggressively for drilling, mining and logging in Alaska

The Independent UK · Aug 7, 2025

Trump's push for drilling, mining sharpens debate for Alaska Natives about land they view as sacred

When Alaska Natives debate proposals to drill and mine the landscape of the nation’s largest state, it involves more than an environmental or economic question

The Independent UK · Aug 7, 2025

What Are Wall Street Analysts' Target Price for ConocoPhillips Stock?

ConocoPhillips has underperformed the broader market and its peers this year but analysts maintain high confidence in its future growth potential.

Barchart · Aug 7, 2025

Donald Trump and Vladimir Putin to meet 'in coming days' as US piles pressure on Russia to end Ukraine war

The US President says there’s also a ‘good chance’ a summit involving Putin and Zelensky will happen soon

Evening Standard · Aug 7, 2025

India hits back at Trump over ‘unfair’ 50% tariffs

India says it will take all necessary measures to safeguard its national interests and economic security

The Independent UK · Aug 7, 2025

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Benzinga · Aug 7, 2025

Trump May End Up Exposing US Consumers As 'Paper Tigers,' Says Economist Peter Schiff On 50% India Tariffs

Economist Peter Schiff warned Tuesday that President Donald Trump's decision to double tariffs on Indian imports to 50% could "expose the U.S. consumer as a paper tiger," predicting a dollar crash that would "impoverish Americans but enrich foreign consumers, particularly the BRICs."

Benzinga · Aug 7, 2025

Trump Eyes Putin Meeting After 'Great Progress' In Moscow—Zelenskyy Talks Also On The Table

President Donald Trump could meet with Russian President Vladimir Putin as early as next week to discuss Ukraine peace negotiations, a White House official said on Wednesday, as markets brace for the potential implementation of sanctions targeting the global oil trade.

Homes & Gardens · Aug 7, 2025

4 natural mosquito repellents you can make yourself for easy, non-toxic protection from your pantry in a pinch

Pest control pros share their favorite DIY solutions

Al Jazeera · Aug 7, 2025

Why Trump’s secondary tariffs on Russia could bite the US, its allies too

China and India would be hit hardest. But Europe would be affected, and the US would face risks as well.

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Barchart · Aug 6, 2025

Cotton Feel Pressure on Wednesday

Cotton futures were up 11 points in the October contracts on Wednesday, with other contracts down 23 to 27 points. The US dollar index was back down $0.561 to $98.020, as crude oil futures were another $0.73/barrel lower. Following threats of increased tariffs if India doesn’t stop purchasing Russian oil,...

Barchart · Aug 6, 2025

Soybeans Close Lower on Wednesday

Soybean futures closed with losses of 6 to 7 ½ cents across the front months on Wednesday. The cmdtyView national average Cash Bean price was down 6 cents at $9.27 1/2. Soymeal futures were under pressure on Wednesday, down $2.10 to $4.40. Soy Oil futures were mixed, down 5 to...

The Independent UK · Aug 6, 2025

Trump threatens India with 50% tariffs for buying Russian oil

An Indian government source said it needs to gradually repair ties with the U.S. and engage more with the BRICS bloc

Barchart · Aug 6, 2025

Crude Prices Retreat on Claims of Progress in Ending Russian-Ukraine War

September WTI crude oil (CLU25 ) on Wednesday closed down -0.81 (-1.24%), and September RBOB gasoline (RBU25 ) closed down -0.0011 (-0.05%). Crude oil and gasoline prices gave up an early rally Wednesday and turned sharply lower after President Trump said "great progress was made" in a meeting between US...

Benzinga · Aug 6, 2025

OPEC Turns The Output Tap On: What It Means For Oil ETFs

Oil-focused ETFs came under pressure this week after OPEC+ announced plans to boost production starting in September, raising fresh concerns over an oversupplied market.

International Business Times UK · Aug 6, 2025

US Singer Who Touched Modi's Feet Weighs In on India Tariff Row as Trump Plans 25% Hike — Why It Matters

US singer Mary Millben urges Donald Trump and Narendra Modi to resolve a tariff dispute that blends pop culture influence with global trade politics.

Barchart · Aug 6, 2025

Cotton Back to Mixed Action on Wednesday

Cotton futures are up 36 points in the October contracts on Wednesday, with other cotnracts down 7 to 10 points. The US dollar index was back down $0.041 to $98.545, as crude oil futures were another $1.15/barrel lower. Following threats of increased tariffs if India doesn’t stop purchasing Russian oil,...

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