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The Latest Breaking News from Oil

5 scents to deter flies and make your home smell gorgeous in the process – it's a win-win this summer

Make your home smell divine and get rid of flies to boot!

Ideal Home

Ukraine war briefing: EU and UK increase sanctions on Russia as drone strike on Odesa kills one

EU agrees 18th package of sanctions against Moscow, including a moving price cap on Russian oil 15% below market rates. What we know on day 1,242

The Guardian - AU

As the going gets tough in South Sudan, some artisans offer cheap footwear made from rubber tires

Artisans in South Sudan are turning discarded tires into affordable footwear as the country faces a severe economic crisis

The Independent UK

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Cotton Bulls Make Strides on the week Despite Friday Pull Back

Cotton futures rounded out the week with losses of 10 to 13 points on Friday. December was still up 126 points on the week. Crude oil futures were back down 21 cents per barrel, with the US dollar index down $0.236 to $98.210. Weekly CFTC data showed a total of...

Barchart

Diesel Squeeze Puts Oil ETFs Back In Focus—But Will The Rally Run Dry?

A quiet storm is brewing in the energy markets, and diesel is right in the middle of it.

Benzinga

Concerns of a Global Crude Oil Glut Undercut Prices

August WTI crude oil (CLQ25 ) on Friday closed down -0.20 (-0.30%), and August RBOB gasoline (RBQ25 ) closed down -0.0170 (-0.78%). Crude oil prices gave up an early advance on Friday and settled lower, amid concerns that Iraq will soon boost its crude exports after approving a plan for...

Barchart

Cotton Slipping Lower into the Weekend

Cotton price action is trading with 17 to 42 point losses across the nearby contracts on Friday. Crude oil futures are back down 16 cents per barrel, with the US dollar index down $0.301 to $98.145. The Seam showed sales of 385 bales on Thursday, with an average price of...

Barchart

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Soybeans Posting Friday Gains

Soybeans are trading with 8 to 8 cent gains at midday, backing off from early double digit gains. The cmdtyView national average new crop Cash Bean price is up 6 ½ cents today at $9.89 3/4. Soymeal futures are $3.70 higher, while Soy Oil is 26 points lower in the...

Barchart

EU and UK lower price cap on Russian oil in bid to curb Kremlin’s war on Ukraine

EU’s foreign policy chief says latest sanctions package is ‘one of the strongest’ to date

The Guardian - UK

EU hits Russia with sweeping new sanctions over Ukraine war

The European Union approved a new series of sanctions against Russia on Friday in response to its ongoing war in Ukraine. The measures include a lower oil price cap, a ban on transactions involving the Nord Stream gas pipelines, and fresh restrictions targeting Russia’s “shadow fleet” of tankers, according to…

Radio France Internationale

Crude Oil Prices Erase Early Gains on the Outlook for Iraq to Boost Crude Exports

August WTI crude oil (CLQ25 ) today is up +0.02 (+0.03%), and August RBOB gasoline (RBQ25 ) is down -0.0114 (-0.53%). Crude oil prices today gave up an early advance and are little changed, amid concerns that Iraq will soon boost its crude exports after approving a plan for its...

Barchart

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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The Independent UK

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

Barchart

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...

WhatToWatch

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…

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International Business Times

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.

The Guardian - UK

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 Independent 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

Marie Claire

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

Yep, they're as cool as they sound

The Guardian - UK

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 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

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