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The Latest Breaking News from Oil

Ukraine war briefing: Fire sale of Lukoil assets before start of US sanctions on Russia

Foreign properties may be nationalised if Lukoil doesn’t sell, or the proceeds frozen if it does; Zelenskyy grapples with corruption scandal fallout. What we know on day 1,359

The Guardian - AU

The world’s carbon emissions continue to rise. But 35 countries show progress in cutting carbon

Global fossil fuel emissions are projected to rise in 2025 to a new all-time high, with all sources – coal, gas, and oil – contributing to the increase.

The Conversation

Cotton Heads Lower on Wednesday

Cotton futures closed with losses of 50 to 58 points across the front months on Wednesday. Crude oil futures were down $2.56/barrel to $58.48 so far on the day, with the US dollar index $0.084 higher to $99.400. The Tuesday online auction from The Seam showed 6,583 bales sold with...

Barchart

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Why No One Buys the Top Shelf Olive Oil (But Everyone Should)

In the grocery store, “top shelf” means the best. For liquor, it means premium brands. For olive oil, however, it is often a retail dead zone. Shoppers will walk right past the expensive, dark glass bottles on the top shelf. They will instead reach for the familiar, cheaper, and larger…

Grocery Coupon Guide

Crude Prices Plummet on OPEC Projections for a Global Crude Surplus

December WTI crude oil (CLZ25 ) on Wednesday closed down -2.55 (-4.18%), and December RBOB gasoline (RBZ25 ) closed down -0.0566 (-2.81%). Crude oil and gasoline prices sold off sharply on Wednesday, with crude falling to a 3-week low. Signs of global supply glut hammered crude prices on Wednesday after...

Barchart

Energy fuels geopolitical tensions, but leaders lack the resolve to tackle challenges

The IEA warns of fragile grids, chokepoint minerals and a nuclear revival — while political will is the scarcest fuel.

Euronews

Healing, purification and holiness: how ancient Greeks, Romans and early Christians used olive oil

Today, olive oil is often hailed as helping to protect against disease, but beliefs in its medicinal or even sacred properties date back millennia.

The Conversation

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JPMorgan Raises Forecast On This Warren Buffett Favorite Oil Stock

JP Morgan analyst Arun Jayaram raised the price forecast on Occidental Petroleum Corp. (NYSE:OXY) following its third-quarter FY25 earnings beat.

Benzinga

Cotton Slipping Lower on Wednesday

Cotton futures are trading with 63 to 77 point losses across most contracts on Wednesday. Crude oil futures are falling $2.53/barrel to $58.51 so far on the day, with the US dollar index $0.014 higher to $99.330. The Tuesday online auction from The Seam showed 6,583 bales sold with an...

Barchart

From heart health to drug interactions: garlic’s effect on the body

Whether it is sizzling in olive oil or crushed into a curry, garlic has long been a hero in the kitchen. But beyond its strong flavour, garlic has earned a reputation as a natural remedy with a surprising range of potential health benefits. From heart health to immune support, science…

The Conversation

Crude Oil Dips 4%; On Holding Shares Jump After Q3 Earnings

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling more than 150 points on Wednesday.

Benzinga

Known for Its Oil, Texas Became a Renewable Energy Leader. Now It’s Being Unplugged.

The state was to get $400 million for solar energy in disadvantaged communities. The Trump administration took it all back.

Capital & Main

Tarrant County GOP Chair Bo French announces run for Texas Railroad Commission

French will face commission Chair Jim Wright in the Republican primary. The three-person panel is in charge of the agency that oversees Texas’ oil and gas industry.

The Texas Tribune

Crude Prices Tumble as OPEC Projects a Global Crude Surplus

December WTI crude oil (CLZ25 ) today is down -2.14 (-3.51%), and December RBOB gasoline (RBZ25 ) is down -0.0400 (-1.99%). Crude oil and gasoline prices are falling sharply today, with crude matching a 3-week low. Signs of global supply glut are weighing on crude prices after OPEC said a...

Barchart

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Fortune

IEA heralds 'the Age of Electricity' while warning that oil may not be peaking in 2030 after all

The International Energy Agency’s World Energy Outlook still sees a pathway to mitigage "the most severe risks from climate change."

Barchart

Are Wall Street Analysts Bullish on Diamondback Energy Stock?

Despite Diamondback Energy's underperformance relative to the S&P 500 Index over the past year, Wall Street analysts remain bullish about the stock’s prospects.

The Guardian - AU

Three plant-based chocolate mousse recipes by Philip Khoury

Rich, creamy or fluffy? The Sydney-born pastry chef has texture top of mind when it comes mousse au chocolat.

Tom’s Hardware

Google strikes massive deal to buy 1.5 terawatt hours of Ohio solar capacity — 15-year deal will see most of 50 megawatt solar farm's capacity diverted to data centers

Google is buying 1.5 terawatt hours of solar capacity from French oil and gas supergiant TotalEnergies. The order could saturate the 50MW solar facility in Ohio that has yet to come online, meaning its entire capacity could be absorbed by Google data centers over the course of the contract.

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Barchart

Cotton Falling Again on Wednesday Morning

Cotton price action is down 55 to 84 points on Wednesday morning. Futures closed the Tuesday session with losses of 35 to 43 points. Crude oil futures were up 89 cents/barrel to $61.02 on the day, with the US dollar index $0.107 lower to $99.355. The Monday online auction from...

International Business Times

Trump Sends Loyalist Sergio Gor to India Amid Trade and Oil Tensions

Trump appoints Sergio Gor as U.S. ambassador to India to ease trade tensions and strengthen strategic ties.

Benzinga

Gavin Newsom Slams Trump's Reported California Drilling Push As IEA U-Turns To Predict Global Oil Demand Growth Until 2050

California Governor Gavin Newsom strongly opposed the Trump administration’s reported intentions to expand offshore drilling in California, as the International Energy Agency (IEA) on Wednesday predicted global oil and gas demand could grow until 2050.

GOBankingRates

Expert Claims Gas Prices Likely To Fall 10 to 30 Cents in November — Here’s Why

One expert predicted that gas prices may fall this winter by as much as $0.10 to $0.30. Learn what’s driving the drop in prices and what could derail it.

Euronews

Rising electricity demand drives urgent need for diverse, resilient energy, IEA says

Renewable energy, led by solar power, will grow faster than any other major source in the next few years, the annual outlooks says.

The Guardian - UK

State-sanctioned fuel smuggling cost Libya $20bn over three years – report

Policy body calls for western-backed investigation into oil officials known to be at heart of illegal enterprise

Axios

Influential study sees "less momentum" on cutting global CO2 emissions

IEA's latest World Energy Outlook could influence anyone trying to understand where the energy mix might head.

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