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The Latest Breaking News from Oil

Cotton Face Weakness on Thursday

Cotton futures posted modest losses of 41 to 90 points across most contracts on Thursday. Crude oil was down $2.06 per barrel, with the US dollar index $0.054 lower. Export Sales showed a total of 778,939 RB carried over from the 2025/26 marketing year in the week of 8/6, with...

Trump's Unfulfilled Promises Grow, From Discounted IVF Drugs to the DOGE Dividend Cheque That Never Came

Trump's Unfulfilled Promises Grow, From Discounted IVF Drugs to the DOGE Dividend Cheque That Never Came

President Trump demands oil giants cut prices amid rising crude costs, continuing a pattern of unfulfilled financial relief promises, including discounted IVF drugs and agricultural aid.

International Business Times UK

Rachel Visontay’s award winning Mediterranean porridge – recipe

Rachel Visontay’s award winning Mediterranean porridge – recipe

The Pearly Spurtle champion for creative porridge shares her first-placed fig and olive oil oats

The Guardian - AU

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Trump-Linked Oil Venture Delays Greenland Drilling Over Government Warning

The setback comes as President Donald Trump renews his push for U.S. control of Greenland and the Arctic territory maintains restrictions on new oil exploration.

International Business Times

Vegetable oil imports decline 7% YoY in July 2026 as crude oil share jumps to 96%: SEA

India's edible oil imports decreased by eight percent in July compared to last year. Vegetable oil imports also saw a seven percent decline during the same period. Over nine months, vegetable oil imports rose, while edible oil imports increased by five percent. The import basket saw refined oil share drop…

The Economic Times

Kitchen shelf cleaning tips? Try these viral deep-cleaning hacks to remove years of grease, grime and sticky buildup

Kitchen shelf cleaning hacks: Kitchen shelves can accumulate unseen dirt and grime, necessitating thorough cleaning routines. To reach neglected areas, it's essential to completely clear the shelves. Basic soap mixed with water is great for handling typical dust and light grease. Using warm, damp cloths can help dissolve sticky messes…

The Economic Times

Crude Prices Fall as Persian Gulf Tensions Ease Slightly

September WTI crude oil (CLU26) on Thursday closed down -2.02 (-2.43%), and September RBOB gasoline (RBU26) closed down -0.0257 (-0.81%). Crude oil and gasoline prices fell on Thursday, with no overnight reports of new military attacks by the US or Iran in the Persian Gulf. Market concerns about the Middle...

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Iran's mountains won't bow to bombs

Iran's mountains won't bow to bombs

In some ways, the dynamics of war between the United States and Israel against Iran boil down to bombs and mountains. As long as American bombs cannot beat mountainous Iran, Tehran can hold out on terms of its choosing with time on its side. The US' awesome airpower and Iran's…

Ukraine ‘offering Russia deal to halt attacks on civilian ships in Black Sea’

Ukraine ‘offering Russia deal to halt attacks on civilian ships in Black Sea’

Kyiv reportedly suggested mutual agreement in attempt to reopen crucial grain corridor

The Guardian - UK

Soybeans Posting Firmer Midday Action

Soybeans Posting Firmer Midday Action

Soybeans are trading with contracts 2 to 5 cent gains at midday. The cmdtyView national average Cash Bean price is up 4 1/2 cents at $11.45 1/4. Soymeal futures are $2.60 higher on the day, with Soy Oil down 37 points. There were 26 deliveries against August soybeans overnight, with...

Cotton Facing Thursday Weakness

Cotton Facing Thursday Weakness

Cotton futures are trading with contracts 85 to 109 points lower across most months on Thursday. Crude oil is down $1.32 per barrel, with the US dollar index $0.054 lower. Export Sales showed a total of 778,939 RB carried over from the 2025/26 marketing year in the week of 8/6,...

This Obscure ETF Soared 1,750% on Hormuz Crisis: What Happens Next?

This Obscure ETF Soared 1,750% on Hormuz Crisis: What Happens Next?

Forget artificial intelligence, semiconductors and leveraged tech bets. One of the most extraordinary ETF rallies of 2026 is coming from a corner of the market most investors rarely think about: crude oil tanker freight.

Crude Prices Undercut as Persian Gulf Tensions Ease Slightly

Crude Prices Undercut as Persian Gulf Tensions Ease Slightly

September WTI crude oil (CLU26) is down -0.83 (-1.00%), and September RBOB gasoline (RBU26) is down -0.0026 (-0.08%). Crude oil and gasoline prices are trading lower, with no overnight reports of new military attacks by the US or Iran in the Persian Gulf. Market concerns about the Middle East were...

Riz Ahmed praises Digger co-star Tom Cruise for being ‘coach-like’ on set

Riz Ahmed praises Digger co-star Tom Cruise for being ‘coach-like’ on set

Ahmed, 43, stars in the upcoming Alejandro Gonzalez Inarritu film which follows a chaotic oil tycoon whose company sets off an ecological disaster.

Evening Standard

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International Business Times

The U.S.-Iran Stalemate Over The Strait Of Hormuz Continues. Oil Prices Are Edging Down Anyway.

Oil prices are edging down on Wednesday even though the stalemate over the Strait of Hormuz continues.

The Independent UK

A British firm starts containment of oil spill from stricken tanker off Oman

A British maritime company has been hired to salvage a grounded Russian tanker off Oman and stop a spreading oil spill

The Conversation

Iran oil spill: the war is leaving environmental scars that ceasefires cannot heal

Oil slicks moving along Iran’s southern coast have reached the Hara mangrove forests of Qeshm Island. Iranian authorities say the extent of the contamination is still being assessed and the source of the oil pollution has not yet been established. But several oil spills have been detected in the region…

International Business Times

Saudi Arabia Scrambles to Avoid Red Sea Attacks. Oil Flows Through Egypt Soar.

Oil exports from Egypt's Mediterranean port of Sidi Kerir have more than doubled in August, reaching about 2.3 million barrels per day compared with roughly 1 million bpd in July.

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Cotton Falling Lower on Thursday Morning

Cotton prices are down 123 to 157 points across the front months early on Thursday. Futures saw strength on Wednesday, with contracts 8 to 48 points higher, as December was the lone holdout, down a tick. Crude oil was down just 62 cents per barrel, with the US dollar index...

The Economic Times

Indian bonds mirror gains in Treasuries as oil slips

Indian government bonds saw a modest rise on Thursday, reflecting trends in U.S. Treasury yields. Easing crude oil prices have lessened inflation fears, enhancing the bond market's optimism. Investors seem relieved about the likelihood of less aggressive interest rate increases from the Federal Reserve. With India's retail inflation landing below…

The Economic Times

Ukraine's drones hit a major Russian refinery 800 miles from the border, sparking a fire

Ukrainian drones struck a major Russian oil refinery and a naval base. Russia retaliated with missile and drone attacks across Ukraine. These strikes have impacted Russia's refining capacity and caused civilian casualties. Ukraine seeks more Patriot missiles to counter Russian aerial assaults. Military aid to Ukraine remains significant but financial…

The Economic Times

India in 'regular contact' with US on trade deal, says Commerce Secretary Rajesh Agarwal

Commerce Secretary Rajesh Agarwal says India-US trade talks remain on track despite tariff shifts, as both sides stay committed to February's framework deal amid a looming Russian oil tariff bill in the US Senate.

The Independent UK

Ukraine drone strikes on major Russian oil refinery 800 miles from the border sparks fire

Ukrainian drones have struck a major refinery deep inside Russia, marking the fourth attack in three days

The Independent UK

Iran-backed Houthi rebels clash with Yemeni government forces and other Mideast developments

Clashes between Iran-backed Houthi rebels and government forces in Yemen raged overnight

Stocks Rise Before the Open as Oil Prices Ease, U.S. PPI Data on Deck

September S&P 500 E-Mini futures (ESU26) are up +0.19%, and September Nasdaq 100 E-Mini futures (NQU26) are up +0.10% this morning, buoyed by a drop in oil prices, while investors await crucial U.S. producer inflation data for further clues on the Federal Reserve’s policy path.

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