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The Latest Breaking News from Oil

Slump in Crude Oil Weighs on Sugar Prices

March NY world sugar #11 (SBH26 ) on Tuesday closed down -0.13 (-0.87%), and March London ICE white sugar #5 (SWH26 ) closed down -3.40 (-0.80%). Sugar prices retreated on Tuesday due to a slump in crude oil prices. WTI crude (CLF26 ) sank to a 4.75-year low on Tuesday,...

Barchart

Corn Falling at Midday

Corn futures are showing losses of 3 to 3 ¼ cents in the front months on Tuesday. The CmdtyView national average Cash Corn price is down 3 1/4 cents to $3.92 1/2. Pressure is coming from losses in wheat and crude oil dropping $1.42/barrel at midday. Another update to the...

Barchart

Cotton Falling at Tuesday’s Midday

Cotton futures are falling 65 to 72 points across the front months on Tuesday, with pressure coming from the synthetic market. Crude oil futures are $1.44 lower per barrel at $55.38, with the US dollar index $0.185 lower to $97.775. CFTC data indicated spec funds increasing their net short position...

Barchart

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Leaked Documents Reveal Venezuela Funneled Oil Revenues Into Iran's Nuclear Program: Report

Leaked documents reviewed by Spain's ABC describe a long-running financial and logistical partnership in which Venezuela allegedly redirected billions of dollars in oil revenues and state funds to Iran, helping sustain Tehran's nuclear program

Latin Times

Sugar Prices Undercut by Weakness in Crude Oil

March NY world sugar #11 (SBH26 ) today is down -0.03 (-0.20%), and March London ICE white sugar #5 (SWH26 ) is down -1.40 (-0.33%). Sugar prices are under pressure today from a slump in crude oil prices. WTI crude (CLF26 ) sank to a 4.75-year low today, which undercuts...

Barchart

FTSE 100 dips as BP and Shell fall amid oil slide

Figures from the ONS showed the unemployment rate rose to 5.1% in the three months to October, up from 5% in the three months to September.

Evening Standard

10 Cold Air Effects That Mechanics See Before Anyone Else

Winter mornings can feel like nature is testing your patience, and while most of us groan over icy windshields and frostbitten fingers, mechanics are secretly chuckling behind the scenes. They see the hidden dance of metal, fluids, and engines reacting to the cold long before anyone else notices. Cold air…

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Crude Prices Tumble on Global Oil Glut Fears and Peace Talks in Ukraine

January WTI crude oil (CLF26 ) today is down -1.63 (-2.87%), and January RBOB gasoline (RBF26 ) is down -0.0506 (-2.92%). Crude oil and gasoline prices are selling off today, falling to 4.75-year nearest-futures lows. Concerns about global energy demand and expectations for a worldwide oil glut are weighing on...

Barchart

Norway’s national oil company facing £53m penalty for oil spills and gas leaks

Equinor accused of ‘extensive and long-term pollution’ caused by years of inadequate maintenance

The Guardian - UK

UK fuel retailers urged to pass on savings as oil prices fall below $60 a barrel

Pump prices ‘stuck’ despite cost of oil falling amid prospect of peace in Ukraine, say experts

The Guardian - UK

U.S. Could Move Into Venezuelan Waters To Seize More Tankers, Report Claims

U.S. forces could go into Venezuelan waters to seize more oil tankers, according to a new report.

Latin Times

Cotton Slipping Back to Start Tuesday Trade

Cotton prices are down 10 to 13 points early on Tuesday. Futures were up 10 to 16 points in the front months at the Monday close. Crude oil futures were 79 cents lower per barrel at $56.65, with the US dollar index $0.093 lower to $98.300. CFTC data indicated spec...

Barchart

Trump has not endorsed Venezuela regime change as Wiles stresses ‘blowing boats up’ - Roll Call

President Trump has not clearly called for regime change in Venezuela as Chief of Staff Susie Wiles says he's in an anti-war mood this term.

Roll Call

9 best cleansing balms to remove make-up and nourish skin, tried and tested

Melt the day away, without stripping or drying out skin

The Independent UK

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Axios

"Quite a buffet": U.S. ready to seize more tankers with Venezuelan oil

Impounding more tankers would threaten to further impoverish Venezuela as Trump tries to force Maduro to leave office.

Barchart

How Is APA's Stock Performance Compared to Other Oil & Gas Stocks?

Energy major APA has notably outperformed other oil & gas exploration and production stocks over the past year, yet analysts remain cautious about the stock’s prospects.

Euronews

Festive fare: Europeans are having to dig deep to pay for this year's Christmas feast

Euronews took a quick sleigh ride around Europe to see what bills countries are facing to put on the traditional festive banquet.

The Independent UK

Italian-inspired Christmas recipes for when it’s too early for the big dinner

Not quite ready for a full Christmas dinner? This month’s festive-leaning Budget Bites brings Italian comfort food with seasonal flavour, using shared ingredients to keep costs down and washing up to a minimum

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The Guardian - UK

Libya looks to its past to build a new future as national museum reopens

It is hoped the institution can help foster new bonds in a fractured nation, but such optimism will be a stretch for some

Reason

Should Libertarians Support Federal AI Regulation?

Plus: reclassifying marijuana as a Schedule III drug, mass shootings at Bondi Beach and Brown University, and the U.S. seizes a Venezuelan oil tanker

Space

Private satellites pinpoint methane emissions from oil, gas and coal facilities worldwide

Using high-resolution observations from the GHGSat satellite constellation, researchers have produced the first global, facility-level estimate of methane emissions from the energy sector.

Barchart

Cotton Holds on for Monday Gains

Cotton futures were up 10 to 16 points in the front months at the Monday close. Crude oil futures were 79 cents lower per barrel at $56.65, with the US dollar index $0.093 lower to $98.300. CFTC data indicated spec funds increasing their net short position by 3,756 contracts to...

Barchart

Soybeans Continue Slide on Monday Despite Another Chinese Purchase

Soybeans closed Monday with losses of 4 to 5 cents, as the market continues to sell the fact as the Chinese purchases come through. The cmdtyView national average Cash Bean price was 4 ½ cents lower at $10.01. Soymeal futures were up 70 cents to $1.10, with Soy Oil futures...

Barchart

Energy Demand Concerns Undercut Crude Oil Prices

January WTI crude oil (CLF26 ) on Monday closed down -0.62 (-1.08%), and January RBOB gasoline (RBF26 ) closed down -0.0198 (-1.13%). Crude oil and gasoline prices were under pressure on Monday, with crude oil falling to a 1.75-month low and gasoline posting a 4.75-year nearest-futures low. Concerns about global...

The Guardian - UK

Venezuela accuses Trinidad and Tobago of taking part in US seizure of oil tanker

Maduro regime accuses Caribbean nation of participating in ‘theft of Venezuelan oil’ as tensions mount in region

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