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The Latest Breaking News from Oil

Soybeans Easing Lower Despite Tighter Stocks Number

Soybeans are down 9 to 10 cents in most contracts so far on Tuesday. The cmdtyView national average Cash Bean price is 10 cents lower at $9.24 1/2. Soymeal futures are down $1.60 to $2.00/ton, with Soy Oil futures down 29 to 39 points. NASS tallied 316 mbu of soybeans...

Barchart

ExxonMobil Remains The Go-To Safety Trade In Volatile Energy Market: Analysts

Exxon Mobil Corporation (NYSE:XOM) is boosting oil production efficiency and financial resilience through strategic innovations in its Permian Basin operations, positioning the energy giant for stable cash flow and growth even as 2025 brings market uncertainty.

Benzinga

Tamboran Acquires Falcon, Consolidating Australia's Busy Oil Basin

Tamboran Resources Corp. (NYSE:TBN) and Falcon Oil Gas Ltd. (OTC:FOLGF) signed a definitive agreement to merge operations across Australia's Beetaloo Basin, creating a company with about 2.9 million net acres and a pro forma market capitalization above $500 million.

Benzinga

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Crude Prices Tumble as OPEC+ Seeks to Fast-Track Halted Oil Production

November WTI crude oil (CLX25 ) today is down -1.00 (-1.58%), and November RBOB gasoline (RBX25 ) is down -0.0224 (-1.15%). Crude oil and gasoline prices have fallen sharply for a second consecutive day, reaching one-week lows. Crude prices are falling for a second consecutive day, driven by concerns about...

Barchart

4 Ways Retirees Are Wasting Thousands on Their Cars Each Year

Auto expert Chris Pyle revealed how retirees waste money on unnecessary oil changes, extended warranties, full coverage insurance and new cars.

GOBankingRates

Almost a third of Prax Lindsey oil refinery workers to lose jobs

Insolvency Service says 125 roles to go at Lincolnshire plant, which went into administration in summer

The Guardian - UK

Cotton Continues Weaker Trade on Tuesday Morning

Cotton prices action is down 7 to 19 points early on Tuesday. Futures were under pressure on Monday with contracts closing 75 to 90 points in the red. The US dollar index was down $0.199 on the day to $97.625. Losses of $2.55 in the crude oil market from a...

Barchart

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Soybeans Pulling Back on Tuesday Morning

Soybeans are falling 2 to 4 cents across the front months on Tuesday morning. Fututres posted steady to 3 ½ cent lower trade to close the Monday session, led by the front month weakness. Preliminary open interest was down 2,786 contracts on Monday. The cmdtyView national average Cash Bean price...

Barchart

Nigel Farage a ‘snake oil salesman’ comparable to Andrew Tate, says No 10 chief secretary

Ministers signal Labour will take stronger approach to attacking Reform rather than just ‘respond to crazy things they’re saying’

The Guardian - UK

We need Angela Rayner back, says Wes Streeting as ex-deputy leader gets standing ovation at Labour conference

Health secretary praises ex-deputy prime minister as he labels Reform UK leader Nigel Farage a ‘con artist’ and a ‘snake oil salesman’

The Independent UK

Exxon Mobil To Slash 2,000 Jobs In Efficiency Push: Report

U.S. oil giant Exxon Mobil Corp (NYSE:XOM) will reportedly cut 2,000 jobs, as it consolidates smaller offices into regional hubs.

Benzinga

125 jobs to be axed at Lindsey oil refinery after administration

Unions have said the job cut plans come despite ‘at least two bids’ to buy and operate the facility as a going concern.

Evening Standard

Over 100 jobs to go at Lindsey oil refinery as union slams government

The owner Prax Group collapsed earlier this year

The Independent UK

Our world is hurtling into climate disaster and what do politicians give us? Oilfields and new runways

In the name of ‘pragmatism’, green measures are being ditched, net zero derided. Be very clear: without slashing emissions we are in deep, deep trouble, says UCL professor Bill McGuire

The Guardian - UK

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Evening Standard

FTSE 100 Live 30 September: Royal Mail strikes PayPoint deal, ASOS shares drop

A slowdown in the pace of the UK economy was today confirmed in updated figures for the second quarter.

Barchart

Cotton Collapses into the Close

Cotton futures were under pressure on Monday with contracts closing 75 to 90 points in the red. The US dollar index was down $0.199 on the day to $97.625. Losses of $2.55 in the crude oil market from a potential Israeli/Hamas ceasefire added pressure. The NASS Crop Progress report indicated...

Barchart

Crude Prices Sharply Lower on Prospects of Larger Global Oil Supplies

November WTI crude oil (CLX25 ) on Monday closed down -2.27 (-3.45%), and November RBOB gasoline (RBX25 ) closed down -0.0471 (-2.37%). Crude oil and gasoline prices fell sharply on Monday due to the outlook for OPEC+ to increase its crude production levels for November, which is expected to boost...

Benzinga

Robinhood Soars, Oil Dips And Gold Defies Gravity: What's Moving Markets Monday?

Wall Street kicked off the week with modest gains in technology and growth names, while small caps and blue chips stalled as investors braced for a flood of economic data, culminating on Friday with the September labor market report.

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Barchart

Soybeans Posting Midday Weakness

Soybeans are trading with 3 to 4 cent losses at the midday portion of the Monday session. The cmdtyView national average Cash Bean price is 3 1/4 cents lower at $9.35 3/4. Soymeal futures are 80 cents to $1.80/ton higher, with Soy Oil futures down 45 points on losses in...

Barchart

Cotton Falling Back on Monday’s Midday

Cotton futures are mostly lower on Monday, with contracts down 30 to 35 points so far at midday. The US dollar index is down $0.224 on the day to $97.600, with crude oil futures falling $2.41. Commitment of Traders data showed the managed money crowd in cotton futures and options...

Benzinga

Crude Oil Falls Sharply; Carnival Posts Upbeat Earnings

U.S. stocks traded mixed midway through trading, with the Dow Jones falling more than 50 points on Monday.

The Independent UK

The calming herb that can hydrate dry skin and alleviate joint pain

The Australian herb has been used in traditional and cultural practices for thousands of years

Evening Standard

FTSE 100 held back by weak oil after bright start

The FTSE 100 index closed up 0.2% at 9,299.84.

The Texas Tribune

Democratic Rep. Jon Rosenthal will run for Texas Railroad Commission

The day after the four-term Houston lawmaker launched his statewide bid, his former chief of staff, Odus Evbagharu, announced he was running to succeed his former boss in the Texas House.

Barchart

Crude Prices Sink on the Outlook for Higher OPEC+ Oil Production

November WTI crude oil (CLX25 ) today is down -2.31 (-3.51%), and November RBOB gasoline (RBX25 ) is down -0.0468 (-2.35%). Crude oil and gasoline prices are sharply lower today due to the outlook for OPEC+ to increase its crude production levels for November, which is expected to boost global...

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