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The Latest Breaking News from Oil

Trump tells European leaders that buying Russian oil is helping Moscow fund war against Ukraine

Trump joined a call of the “Coalition of the Willing” countries, led by French President Emmanuel Macron

The Independent UK

This Energy Dividend Stock Is Slashing a Massive 25% of Jobs. Is This a Sign to Stay Far, Far Away?

ConocoPhillips is slashing up to a quarter of its workforce to streamline operations and cut costs. Could this signal trouble ahead for investors?

Barchart

Cotton Posts Mixed Action on Thursday

Cotton futures closed the Thursday trade with front months down 4 points and other contracts up 5 points. The outside markets were pressure factors mixed, as the US dollar index is up $0.162 on the day to $98.245 and crude oil futures $0.67 lower. The Seam reported 730 bales sold...

Barchart

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Soybeans Claw Back from Early Loses

Soybeans were weaker early on during the Thursday session, but contract came back to close with 1 to 2 cent gains in the nearbys. September was an exception, down 4 cents on thin trade. The cmdtyView national average Cash Bean price was up 1/2 cent at $9.55 3/4. Soymeal futures...

Barchart

Macron hopeful of US support to Kyiv’s security as 26 nations pledge troops

Twenty-six allies promise troops for Ukraine after fighting stops, as Russia shows no signs of being ready to end war.

Al Jazeera

Soybeans Pulling Off Early Lows at Midday

Soybeans are off the early low from Thursday, with midday losses of 3 to 4 cents and September down 8 cents on thin trade in deliveries. The cmdtyView national average Cash Bean price was down 4 1/2 cents at $9.50 3/4. Soymeal futures are up $2.60 to $4.60. Soy Oil...

Barchart

Cotton Trading with Slight Gains at Midday

Cotton futures are 3 points higher across the front months so far on Thursday. The outside markets are pressure factors mixed, as the US dollar index is up $0.277 on the day to $98.360 and crude oil futures $0.34 lower. The Seam reported 730 bales sold on Wednesday at an...

Barchart

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Politicians now talk of climate ‘pragmatism’ to delay action – new study

Conservative leader Kemi Badenoch has described her plan to “maximise extraction” of the UK’s oil and gas from the North Sea as a “common sense” energy policy.

The Conversation

Guyana’s president wins another term in election watched keenly by Venezuela and US

Irfaan Ali, the leader of the People’s Progressive party (PPP), says he has secured a second term as Guyana’s president. The official results from the election on September 1 are yet to be published, but Ali claims his party has won by a “remarkable margin”.

The Conversation

Crude Oil Prices Fall as Weekly EIA Crude Inventories Unexpectedly Build

October WTI crude oil (CLV25 ) today is down -0.54 (-0.84%), and October RBOB gasoline (RBV25 ) is down -0.0020 (-0.10%). Crude oil and gasoline prices today are mixed, with crude falling to a 2-week low. Crude prices today added to Wednesday's losses on concerns of a global oil supply...

Barchart

Why Trump’s fight with India could have global repercussions

Donald Trump’s tariff policy seems to have morphed into as much of a tool of foreign policy as an economic strategy. But the administration’s decision to impose a 50% tariff on India, a key US ally as part of the Quad (Quadrilateral Security Dialogue) along with the US, Australia and…

The Conversation

“You Put It Up There”: 88 Times Patients Tried To Fool Doctors With Ridiculous Lies

In many places of the world, the Covid-19 pandemic has reshaped the way people view health care. In the United States, for example, a nationwide survey led by Northeastern University found that public trust in physicians and hospitals plummeted, going from 71.5% in April 2020 to an abysmal 40.1% in…

Bored Panda

Woman Goes To GM Dealership For An Oil Change. She Leaves In A Chevy Equinox EV

EV analysts call it “moment conversion”: when someone who wasn’t planning to buy an electric vehicle becomes a new adopter after a firsthand experience.

InsideEVs

Ukraine knocks out Russian refineries as Russia kills dozens in Kyiv

Ukraine has cut Russia’s refining capacity by a fifth, in a bid to starve it of energy and revenue from exports.

Al Jazeera

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The Conversation

You can be exposed to PFAS through food, water, even swimming in lakes – new maps show how risk from ‘forever chemicals’ varies

Since the 1940s, companies have been using PFAS – perfluoroalkyl and polyfluoroalkyl substances – to make products easier to use, from Teflon nonstick pots to waterproof rain gear, stain-resistant carpet and firefighting foam.

The Independent UK

The seven things every driver should do with their car ahead of winter

From checking oil levels to electronics, it’s important to maintain your vehicle during winter

The Guardian - UK

Taiwan accuses China of breaching international law over drilling

Island’s government demands halt to Chinese oil and gas operations in its exclusive economic zone

The Guardian - UK

UK court freezes £150m of assets of collapsed Prax Lindsey oil refinery owner

Newly published filings reveal granting of request by companies suing Sanjeev Kumar for breach of duties

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news in one place.

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The Independent UK

China accused of drilling for oil and gas inside Taiwan’s exclusive economic zone

China was reportedly building oil and gas rigs inside Taiwan’s exclusive economic zone, in what analysts claimed was part of a campaign to slowly chip away at the island’s defences and expand Beijing’s control of disputed waters.

The Guardian - AU

Guyana’s president claims victory in election held amid newfound oil riches

Irfaan Ali will be tasked with turning the profits of Guyana’s 2019 oil boom into prosperity for its citizens

International Business Times

Guyana's President Irfaan Ali: Oil Industry 'Puppet' Or Visionary?

Irfaan Ali, in office since 2020, is the first Guyanese leader to benefit from the South American country's massive oil reserves, which he leveraged to claim a second presidential term.

International Business Times

Guyanese President Irfaan Ali Claims Election Victory

Guyana's President Irfaan Ali claimed reelection Wednesday to a second term, tasked with turning the South American nation's newfound oil riches into prosperity while navigating tensions with neighbor Venezuela.

Barchart

Cotton Bulls Hold onto Gains on Wednesday

Cotton futures posted stronger trade on Wednesday, with contracts up 10 to 16 points. The outside markets were mixed, as the US dollar index was down $0.252 on the day to $98.095 and crude oil futures $1.80 lower. The weekly NASS Crop Progress report showed cotton condition ratings down 3%...

Barchart

Crude Oil Prices Sharply Lower as OPEC+ Considers a Crude Production Increase

October WTI crude oil (CLV25 ) on Wednesday closed down -1.62 (-2.47%), and October RBOB gasoline (RBV25 ) closed down -0.0308 (-1.51%). Crude oil and gasoline prices retreated on Wednesday due to concerns of a global oil supply glut following a report from Reuters that OPEC+ is considering an increase...

Barchart

Cotton Holding Higher on Wednesday

Cotton futures are trading steady to 11 points higher, with October thin and up 76 points. The US dollar index is up $0.367 on the day to $97.980, with crude oil futures $1.69 lower. The weekly NASS Crop Progress report showed 90% of the US cotton crop setting bolls as...

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