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The Latest Breaking News from Oil

Trump’s tariffs on Canada and Mexico just went into effect. Here are the products that could suddenly get more expensive

The tariffs are set to hit staples like groceries and cars.

Fortune

Drivers ‘unfortunate casualties’ of oil price rise as petrol hits six-month high

The RAC said the average price of a litre of petrol at UK forecourts rose by 0.65p in February to 139.65p.

Evening Standard

Crude Prices Fall as US Tariffs May Undercut the Economy and Energy Demand

April WTI crude oil (CLJ25 ) Tuesday closed down -0.11 (-0.16%), and April RBOB gasoline (RBJ25 ) closed up +0.0064 (+0.29%). Crude oil and gasoline prices Tuesday settled mixed, with crude falling to a 2-3/4 month low. Crude prices were under pressure Tuesday due to concerns that escalating global trade...

Barchart

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Sugar Prices Fall on Weak Crude Oil Prices and Slack Demand

May NY world sugar #11 (SBK25 ) Tuesday closed down -0.12 (-0.66%), and May London ICE white sugar #5 (SWK25 ) closed down -6.80 (-1.30%). Sugar prices Tuesday extended their week-long slide to 3-week lows. Weakness in crude prices weighed on sugar after WTI crude (CLJ25 ) fell to a...

Barchart

Peru's Indigenous leaders raise concerns over oil and gas projects at a human rights hearing

Indigenous leaders from the Peruvian Amazon have urged the government to halt oil and gas projects that threaten their lands, presenting their case before the Inter-American Commission on Human Rights (IACHR)

The Independent UK

Trump Admin Gives Chevron Hard Deadline To Stop Operating In Venezuela's Oil Fields

The Trump administration has given Chevron until April 3 to cease its operations in Venezuela

Latin Times

Global Trade Tensions Weigh on Crude Prices

April WTI crude oil (CLJ25 ) today is down -0.78 (-1.14%), and April RBOB gasoline (RBJ25 ) is down -0.0155 (-0.71%). Crude oil and gasoline prices today extended Monday's losses, with crude falling to a 2-3/4 month low. Crude prices are under pressure today due to concerns that escalating global...

Barchart

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Prepare your wallets for Trump's tariffs

Cars, gas and groceries are among the items that could be costlier

Salon

The flow of oil from Russia to the Czech Republic is interrupted again

The Czech state company that operates the country's oil pipeline network says deliveries from Russia through the Druhzba pipeline have been halted

The Independent UK

‘They need to feel the pain’: Canadian lawmaker threatens to switch off energy to US over tariffs war

Canada is the leading source of U.S. crude oil imports, imposing tariffs will likely raise prices for Americans and Canadians

The Independent UK

Oil giant behind Rosebank faces investigation over Palestine human rights concerns

One of the fossil fuel giants behind the controversial Rosebank development is being investigated over human rights concerns in Palestine...

The National (Scotland)

Global Markets React To New Tariffs Imposed By Trump

Global markets decline as U.S.-China trade tensions escalate, impacting stocks, oil, and Bitcoin prices.

Top News

Saudi oil giant Aramco reports $106 billion profit in 2024, down 12% on lower energy prices

Saudi Arabia’s state-owned oil giant Aramco has reported a $106.25 billion profit in 2024, down 12% from the prior year on lower energy prices

The Independent UK

Pancake Day recipes to flip for – from classic crepes to buttermilk stacks

Lemon and sugar is all well and good, but why stop there? From American-style buttermilk pancakes to soufflé stacks, matcha crepe cakes and Thai-inspired banana fritters, here’s how to take your Shrove Tuesday to the next level

The Independent UK

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The Independent UK

Flipping the script: Two new pancake recipes for Shrove Tuesday

Sure, you could stick with lemon and sugar. But why not try a savoury Korean-style pancake with a chilli crisp egg, or thick and fluffy air-fried blueberry pancakes?

The Guardian - AU

Ukraine war briefing: Starmer urges west to keep aid flowing as US announces suspension

Oil pipeline burns in Russia after Ukrainian drone attack; deadly Russian strike on Ukrainian military training ground. What we know on day 1,105

Evening Standard

Families to lobby for end of oil and gas extraction in UK

Parents and children from across the country are meeting with MPs on Tuesday to encourage their support for a just transition to renewable energy.

Barchart

Crude Prices Retreat as OPEC+ Moves to Restore Crude Production

April WTI crude oil (CLJ25 ) Monday closed down -1.39 (-1.99%), and April RBOB gasoline (RBJ25 ) closed down -0.0345 (-1.55%). Crude oil and gasoline prices sold off Monday, with crude falling to a 2-3/4 month low. Crude prices retreated on concern that President Trump's plans to impose tariffs on...

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Top News

Europe Struggles To Reduce Dependence On Russian Fuel

Europe grapples with reliance on Russian fuel despite sanctions. Challenges in diversifying energy sources highlighted.

The Independent UK

The goods hit first by Trump’s tariffs on Mexico, Canada and China

Imports from Canada and Mexico will be taxed at 25 percent while levies on Chinese products will increase to 20 percent

The National (Scotland)

HMRC investigates 14 oil and gas companies over unpaid tax

MORE than a dozen oil and gas companies have been investigated by HMRC for underpaying taxes on energy profits ...

Barchart

Tariff Woes Weigh on Crude Prices

April WTI crude oil (CLJ25 ) today is down -0.31 (-0.44%), and April RBOB gasoline (RBJ25 ) is down -0.0037 (-0.17%). Crude oil and gasoline prices today are trading lower on concern that President Trump's plans to impose tariffs on major US trading partners on Tuesday will weigh on economic...

Barchart

Commodity Market Roundup- February’s Top Performers and Underperformers

Natural gas led the way on the upside in February, while FCOJ futures posted the most significant decline. Gold and Arabica coffee futures reached new record highs before correcting, while cryptocurrencies plunged. The dollar index was lower, while bonds moved higher, typically bullish for raw material prices. However, many commodity…

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