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The Latest Breaking News from Oil

Asian shares retreat and crude prices soar $2 after Trump sanctions Russian oil giants

Shares are mostly lower in Asia following a retreat on Wall Street, while crude prices jumped more than $2 after U.S. President Donald Trump announced sanctions on Russian oil giants

The Independent UK

On Mount of Olives where Jesus prayed, monks and nuns keep harvesting olives

Come October, monks and nuns are busy harvesting olives at the Mount of Olives and the Gethsemane garden — where the Gospel narrates Jesus spent the last night before being taken up the other side of the valley into Jerusalem to be crucified

The Independent UK

Will US sanctions on Russian oil companies be effective, and why is Trump imposing them now?

Measures against Rosneft and Lukoil mark first time US has imposed sanctions on Russia since Trump’s return to office

The Guardian - AU

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Ukraine-Russia war latest: Kyiv allies pledge to take Russian oil off market to ‘choke’ Putin’s war machine

Sir Keir Starmer said allies had agreed a ‘clear plan for the rest of the year’ on supporting Ukraine

The Independent UK

Crude Spikes As Trump Threatens Russian Giants, Stocks Turn Lower

Crude prices spiked more than two percent Thursday after Donald Trump said he would hit two Russian oil companies with hefty sanctions, while talk that the White House was planning curbs on software exports to China added to gloom on markets.

International Business Times

Trump Freezes Out Moscow, Full Sanctions Slapped On Russian Oil Giants Rosneft And Lukoil — Crude Oil Futures Surge

In a sweeping escalation of economic pressure on Russia, the U.S. Department of the Treasury said that it will be imposing full blocking sanctions on its two largest oil companies, Rosneft and Lukoil, citing Moscow’s “lack of serious commitment to a peace process to end the war in Ukraine.”

Benzinga

Ukraine war briefing: Ukrainians may get Gripen fighter jets bought with Russian money

Double dose of Russian oil sanctions from EU and US; freezing war at current frontlines is ‘good compromise’, says Zelenskyy. What we know on day 1,338

The Guardian - AU

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Trump news at a glance: Oil prices jump after president puts sanctions on Russia in major policy shift

Trump, who has to date not put sanctions on Russia over the war and instead relied on trade measures, says Rosneft and Lukoil will be targeted. Key US politics stories from Wednesday 22 October

The Guardian - US

US sanctions major Russian oil companies and calls for Moscow to accept immediate Ukraine ceasefire – as it happened

Trump says he canceled meeting with Putin because ‘we have good conversations but then they don’t go anywhere’

The Guardian - US

U.S. sanctions Russia's 2 biggest oil firms after Trump cancels Putin summit

This is the first time the U.S. has imposed sanctions against Russia over the war with Ukraine since Trump assumed office.

Axios

US imposes sanctions on Russian oil over Putin’s ‘refusal’ to end war in Ukraine

Trump administration hardens stance against the Kremlin day after cancelling a planned summit with Russian leader

The Guardian - UK

Cotton Faces Weakness on Wednesday

Cotton futures closed the Wednesday session with losses of 53 to 68 points. Crude oil rallied $1.56/barrel back to near the $60 level, as President Trump is increasing sanctions on Russian oil companies. The US dollar index was down $0.016 to $98.695. The Tuesday online auction from The Seam showed...

Barchart

United States targets Russian oil giants over Vladimir Putin’s refusal to end 'senseless' war in Ukraine

Scott Bessent claimed the measures against Rosneft and Lukoil will ‘degrade’ the Kremlin’s military efforts

Evening Standard

Crude Prices Jump on Possible US-India Trade Deal and Lower EIA Inventories

December WTI crude oil (CLZ25 ) on Wednesday closed up +1.26 (+2.20%), and December RBOB gasoline (RBZ25 ) closed up +0.0375 (+2.12%). Crude oil and gasoline prices rallied sharply on Wednesday, posting one-week highs. Crude prices jumped on Wednesday after India's Mint newspaper reported that the US and India are...

Barchart

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Barchart

Soybeans Holding Higher at Midday

Soybeans are steady to 4 cents higher so far at Wednesday’s midday. The cmdtyView national average Cash Bean price is 4 cents higher at $9.62 1/4. Soymeal futures are steady to $2.90 higher on the day, with Soy Oil 50 to 54 points lower. Brazil’s 2025/26 soybean production estimate from...

Barchart

Cotton Falling Lower on Wednesday

Cotton futures are trading with contracts down 46 to 55 points at the midday portion of the Wednesday session. Crude oil is rallying $1.44/barrel, with the US dollar index down $0.081 to $98.630. The Tuesday online auction from The Seam showed 1,563 bales sold with an average price of 60.99...

Marie Claire

My Go-To Braided Ponytail For *Fancy* Events Is Also Shockingly Easy

Here's everything I use to get the look in under five minutes.

Benzinga

Crude Oil Gains Over 1%; AT&T Shares Slide After Q3 Results

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1% on Wednesday.

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news in one place.

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The Independent UK

UK Government must not ramp up decline of Scottish oil and gas sector, MPs warn

The Scottish Affairs Committee also said the Scottish and UK governments should have acted sooner to prepare for job losses at Grangemouth.

Evening Standard

UK Government must not ramp up decline of Scottish oil and gas sector – report

Ministers said the Scottish and UK Governments should have acted sooner to prepare for job loses seen at Grangemouth, Scotland’s last oil refinery.

Barchart

Crude Oil Rallies on Possible US-India Trade Deal and Unexpected Draw in EIA Inventories

December WTI crude oil (CLZ25 ) today is up +1.17 (+2.04%), and December RBOB gasoline (RBZ25 ) is up +0.0352 (+1.99%). Crude oil and gasoline prices are up sharply today, reaching one-week highs. Crude prices jumped today after India's Mint newspaper reported that the US and India are nearing a...

Barchart

As Crude Oil Prices Fall, Make This 1 Unexpected Trade ASAP

December Canada dollar futures present a selling opportunity on more price weakness.

Texas Observer

A New Generation of Industries Emerges in Texas from Federal Push for Mining Revival

The United States doesn’t produce the minerals and metals needed for renewable energy, microchips, or military technology. Authorities want to change that as quickly as possible.

The Conversation

Satellite data shows methane emissions are declining in part of Canada’s oil patch, but more monitoring is needed

Governments in Canada’s major oil and gas producing provinces, Alberta and Saskatchewan, have touted their efforts in recent years to reduce methane emissions.

The Independent UK

AI can help the environment, even though it uses tremendous energy. Here are 5 ways how

Artificial intelligence has caused concern for its tremendous consumption of water and power

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