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The Latest Breaking News from Oil

How the EU aims to put the squeeze on the Russian economy with new sanctions package

Key measures include a lower oil price cap, Nord Stream transaction ban and a full ban on Russian bank deals

The Independent UK

Exxon's Block Fails—Chevron Seals $53 Billion Hess Deal After Ruling

In a pivotal moment for the energy sector, Chevron Corporation‘s (NYSE:CVX) has won a dispute with Exxon Mobil Corporation (NYSE:XOM) over Hess Corp’s (NYSE:HESS) offshore oil assets in Guyana.

Benzinga

Chevron wins huge legal fight against Exxon to close $53 billion Hess acquisition—getting access to the biggest oil discovery of the century

The landmark legal ruling gives Chevron entry into the massive oil discovery in Guyana.

Fortune

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Chevron gets go ahead for $53B Hess deal, and access to one of the biggest oil finds this decade

Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access to one of the biggest oil finds of the decade

The Independent UK

Cotton Sneaking Out Gains on Friday AM Trade

Cotton price action is up 14 to 22 points across the front months on Friday morning. Futures saw strength on the Thursday session with contracts up 24 to 30 points at the close. Crude oil futures were up $1.21 per barrel on Thursday, with the US dollar index rising $0.295...

Barchart

Soybeans Rallying on Friday Morning

Soybeans are continuing the push back in the direction if the spring highs, with contracts up 10 to 12 cents across the nearbys. Price action rounded out the Thursday session with contracts up 5 to 8 cents. Preliminary open interest data showed some slight short covering, down 2,023 contracts. The...

Barchart

Lauren Lyle teases Karen Pirie season 2: 'It's probably the biggest case of missing persons ever in Scottish history'

Lauren Lyle on how a newly promoted Karen Pirie probes her most high-profile case yet…

WhatToWatch

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Chevron's $53 Billion Deal For A Slice Of Exxon's Crown Jewel Is Back On Track

Chevron has cleared its last hurdle to be able to complete its $53 billion merger with Hess.

Investors Business Daily

EU Targets Russian Oil In Tough New Ukraine War Sanctions

The EU on Friday adopted a sweeping new package of sanctions on Russia over the Ukraine war, looking to pile more pressure on the Kremlin by lowering a price cap for Moscow's oil exports.

International Business Times

BP agrees to sell US onshore wind business as it shifts back to oil

Company to sell business for undisclosed sum to LS Power as part of plan to offload $20bn in assets

The Guardian - UK

‘We’re the canary in the coalmine’: when will Russia take action on the climate?

World’s fourth-largest emitter of greenhouse gases pays lip service to tackling climate crisis and, with fossil fuels central to regime’s legitimacy, it seems happier with status quo

The Guardian - UK

Louisiana scraps $3 billion coastal restoration funded by oil spill settlement

Republican Governor Jeff Landry views the project as a threat to the state’s way of life

The Independent UK

Bored of Summer Pastels? Molten Chrome Nails Are the Bold Refresh You Need

Yep, they're as cool as they sound

Marie Claire

Gas flaring created 389m tonnes of carbon pollution last year, report finds

Rules to prevent ‘enormous waste’ of fuel are seen as weak and poorly enforced and firms have little incentive to stop

The Guardian - UK

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The Independent UK

The EU targets Russia's energy revenue and shadow fleet with new sanctions over the war on Ukraine

The European Union is targeting Russia with more sanctions over its war on Ukraine

Euronews

EU imposes new sanctions on Russia's oil and banks after Robert Fico lifts his veto

The breakthrough on Friday was made only possible after Slovak Prime Minister Robert Fico agreed to lift his veto.

The Guardian - UK

‘Keeping us hooked on fossil fuels’: how can we negotiate with autocracies on the climate crisis?

The bulk of global greenhouse gas emissions come from countries that are not democratic, and many big oil and gas exporters are also authoritarian

Barchart

Cotton Closes Thursday with Gains

Cotton futures saw strength on the Thursday session with contracts up 24 to 30 points at the close. Crude oil futures were up $1.21 per barrel on Thursday, with the US dollar index rising $0.295 to $98.370. The Seam showed sales of just 21 bales on Tuesday, with an average...

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news in one place.

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Barchart

Soybeans Pushes Higher on Spillover Support from Bean Oil

Soybeans rounded out the Thursday session with contracts up 5 to 8 cents. The cmdtyView national average new crop Cash Bean price was up 7 ½ cents today at $9.83 1/4. Soymeal futures were mixed, closing 80 cents lower to 30 cents higher, while Soy Oil was 97 to as...

The Independent UK

Louisiana cancels $3B repair coastal restoration funded by Deepwater Horizon oil spill settlement

Louisiana is officially canceling a $3 billion coastal restoration project funded by the Deepwater Horizon oil spill settlement

Barchart

Crude Oil Prices Jump on Signs of a Tightening Supply Outlook

August WTI crude oil (CLQ25 ) Thursday closed up +1.16 (+1.75%), and August RBOB gasoline (RBQ25 ) closed up +0.0264 (+1.23%). Crude oil prices rallied Thursday on concerns about tighter global oil supplies after Iraq said it has lost about 200,000 bpd of crude production due to drone attacks on...

Fortune

Kinder Morgan kicks off oil and gas earnings season with a bullish outlook, in part thanks to thirsty data centers

The company is focused on building pipelines to feed data center growth from Arizona to South Carolina and beyond.

Barchart

Soybeans Extending Pop on Thursday, Pulled Along by BO

Soybeans are up 7 to 8 cents across most nearby contracts at midday on Thursday. Futures are extending gains from the Wednesday rally, when contracts were up 18 to 19 cents at the close. Preliminary open interest showed new buying interest, up 8,888 contracts. The cmdtyView national average new crop...

Barchart

Crude Oil Prices Climb on Supply Disruptions in Iraq

August WTI crude oil (CLQ25 ) today is up +0.80 (+1.21%), and August RBOB gasoline (RBQ25 ) is up +0.0156 (+0.73%). Crude oil prices are moving higher today on concerns about smaller global oil supplies after Iraq said it has lost about 200,000 bpd of crude production due to drone...

Marie Claire

Ami Colé's Closing Signals a Bigger Issue In the Beauty Community

Those lip oils went on a generational run.

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