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The Latest Breaking News from Oil

Venezuelan lawmakers approve easing state control of oil industry

Venezuela's legislature has approved opening the nation's oil sector to privatization

The Independent UK

Crude Prices Surge as President Trump Ramps Up Pressure on Iran

March WTI crude oil (CLH26 ) on Thursday closed up +2.21 (+3.50%), and March RBOB gasoline (RBH26 ) closed up +0.0312 (+1.64%). Crude oil and gasoline prices added to this week's sharp gains on Thursday, with crude oil climbing to a 4.25-month high and gasoline climbing to a 2-month high....

Barchart

Trump orders immediate reopening of commercial airspace over Venezuela

Order allows direct flights from US to Venezuela, as major oil companies already on ground to assess potential operations

The Guardian - US

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Soybeans Pulling Back at Midday

Soybeans are down 2 to 4 ¼ cents at midday. The cmdtyView national average Cash Bean price is 4 1/4 cents lower at $10.04 1/2. Soymeal futures were $0.90 to $1.50 lower, with Soy Oil futures 40 to 45 points lower. USDA released Export Sales data for the week ending...

Barchart

Evidence shows Russian oil tanker was 'deliberately' attacked near Dakar

A tanker that left Russia and ran into trouble off the coast of Senegal in November 2025 appears to have been deliberately targeted by explosives placed in strategic locations on its hull, according to video footage obtained and verified by RFI.

Radio France Internationale

Escalation of Iran Tensions Boosts Crude Prices

March WTI crude oil (CLH26 ) today is up +2.05 (+3.26%), and March RBOB gasoline (RBH26 ) is up +0.0196 (+1.03%). Crude oil and gasoline prices added to this week's sharp gains today, with crude oil climbing to a 4.25-month high and gasoline climbing to a 2-month high. Geopolitical risks...

Barchart

Scott Bessent Says Construction Jobs Are Booming Under Trump's Tariffs. Government Data Show the Opposite.

Meanwhile, Trump is touting low gas prices, which are due in part to the lack of tariffs on oil and gasoline.

Reason

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Weakening the soy moratorium in Brazil: a political choice that ignores the science

In the first days of 2026, the Brazilian Association of Vegetable Oil Industries (ABIOVE), which represents the largest soybean traders in Brazil, announced its withdrawal from the Amazon soy moratorium.

The Conversation

Trump team secretly met group demanding oil-rich Alberta's independence from Canada; White House says no support conveyed

Trump officials have secretly met separatists demanding oil-rich Alberta's independence from Canada three times since April 2025. Alberta Prosperity Project, the group, is seeking another meeting with the US officials next month to ask for a $500bn credit facility to help bankroll the province if an independence referendum, which is…

The Times of India

Americans want heat pumps – but high electricity prices may get in the way

Heat pumps can reduce carbon emissions associated with heating buildings, and many states have set aggressive targets to increase their use in the coming decades. But while heat pumps are often cheaper choices for new buildings, getting homeowners to install them in existing homes isn’t so easy.

The Conversation

Cotton Holding Steady on Thursday Morning

Cotton price action is steady to 5 points higher in the front months early on Thursday. Futures saw mixed trade on Wednesday, with contracts 10 points lower to 14 points higher in the nearbys. Crude oil futures were up $1.10 per barrel on the day at $63.49. The US dollar...

Barchart

California woman goes to Costco. Then she shows how to check if olive oil is ‘real’: ‘They teach us in culinary school’

Packaged foods in grocery stores sometimes pose as something they’re not. Consumers often need a sharp eye to notice it.

The Mary Sue

Common DIY Skincare Ingredients Harmful for PCOS Skin

Natural ingredients are usually gentler on the skin than chemical products. Hence many people prefer them. But there are some skincare products that can be harmful to women dealing with PCOS (Polycystic Ovary Syndrome). Polycystic Ovary Syndrome (PCOS) occurs in around 5 to 10 percent of women in the world…

MyLifeXP

Oil prices climb as Trump warns Iran 'time is running out' for nuclear deal

Markets priced in fresh geopolitical risk as Washington escalated rhetoric against Tehran, with analysts warning supply disruptions could push prices higher.

Euronews

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Barchart

Devon Energy Stock: Analyst Estimates & Ratings

Although Devon Energy has underperformed the S&P 500 Index over the past year, analysts remain cautiously optimistic about its long-term prospects.

Clever Dude

6 Maintenance Mistakes That Reduce Long-Term Value

Keeping up with your home is key to maintaining long-term value. You want to ensure that you are checking up on all of the little things season to season. They’re typically the small things you forget, delay, or overlook. No matter what your intentions are, these habits quietly chip away at…

Euronews

Tanker with Russian oil products loses steering off Spanish coast

A Mozambique-flagged tanker with Russian oil is drifting off Almería's coast. Environmentalists are concerned about potential spills impacting marine life and tourism.

Euronews

Russia uses 'shadow mail' postal system to bypass EU sanctions, report reveals

Russia has been bypassing EU sanctions using Berlin logistics and lighter-controlled international mail, according to an investigation by German media. In response, the Ukrainian envoy has called for tougher enforcement.

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The Times of India

US hands Gulf the world’s most powerful AI chips: Clears exports to UAE and Saudi Arabia

America is now sending advanced computer chips to the United Arab Emirates and Saudi Arabia. This move supports their big plans for artificial intelligence. These nations are becoming key players in global technology. This partnership strengthens US influence and helps Gulf countries diversify their economies beyond oil. It marks a…

The Independent UK

Rubio grilled on whereabouts of $200m from sale of Venezuelan oil

Senator Jeanne Shaheen pressed Marco Rubio over the fate of $200m from the sale of Venezuelan oil on Wednesday, 28 January.

Barchart

Cotton Pulls Off Early Gains to Close Mixed

Cotton futures saw mixed trade on Wednesday, with contracts 10 points lower to 14 points higher in the nearbys. Crude oil futures were up $1.10 per barrel on the day at $63.49. The US dollar index was back up $0.144 after yesterday’s collapse to $96.195. The Tuesday online auction from...

Barchart

Soybean Rally into Wednesday’s Close

Soybeans got some strength on Wednesday from spillover in soybean meal, as contracts were 7 to 8 ½ cents higher. The cmdtyView national average Cash Bean price was 9 1/4 cents higher at $10.08 3/4. Soymeal futures are $3.40 to $3.70 higher, with Soy Oil futures 10 to 13 points...

The Mary Sue

Donald Trump was too distracted playing emperor. Meanwhile, the EU and India just sealed a deal he never saw coming

Of late, Donald Trump has been trying too hard to live upto his dictator title by proposing to annex one country after another. In the first week of January, Trump’s military, under his orders, effectively abducted Venezuelan President Nicolás Maduro on narcoterrorism charges. Following this, he has sometimes subtly and…

Barchart

Crude Prices Supported by Iran Tensions

March WTI crude oil (CLH26 ) on Wednesday closed up +0.82 (+1.31%), and March RBOB gasoline (RBH26 ) closed up +0.0215 (+1.14%). Crude oil and gasoline prices settled sharply higher on Wednesday, with crude oil climbing to a 4-month high and gasoline climbing to a 2-month high. Crude prices jumped...

The Independent UK

Winter drilling program in Alaska petroleum preserve can proceed, judge rules

A federal judge has refused to block a winter oil and gas exploration project in the National Petroleum Reserve-Alaska that opponents said was improperly analyzed by the federal government

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