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The Latest Breaking News from Oil

Crude Prices Slip on Dollar Strength and Stock Weakness

December WTI crude oil (CLZ25 ) on Tuesday closed down -0.49 (-0.80%), and December RBOB gasoline (RBZ25 ) closed up +0.0067 (+0.35%). Crude oil prices moved lower on Tuesday amid pressure from a stronger dollar, as the dollar index (DXY00 ) rallied to a 3-month high. Also, Tuesday's equity market...

Barchart

Ukraine ‘destroys elite Russian unit’ in drone strike on Black Sea oil rig

The Black Sea oil rig is one of four that have been occupied by Russian forces for a decade

The Independent UK

A group of deep sea divers were ‘boiled’ from the inside after faulty equipment caused a fatal change in pressure

What happened on the Byford Dolphin became one of the most notorious ocean accidents ever.

We Got This Covered

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Shell Secures 15-Year LNG Deal With UAE's ADNOC

Shell PLC (NYSE:SHEL) shares are trading lower on Tuesday. The company’s subsidiary, Shell International Trading Middle East Limited FZE, penned a 15-year deal with Abu Dhabi National Oil Company (ADNOC).

Benzinga

Cotton Easing Lower on Tuesday

Cotton futures are trading with contracts 40 to 45 points lower at midday. Crude oil futures are down 31 cents/barrel to $60.73, with the US dollar index back up $0.313 to $100.020. The November 3 online auction from The Seam showed 5,296 bales sold with an average price of 62.44...

Barchart

Crude Prices Undercut by Dollar Strength and Weakness in Stocks

December WTI crude oil (CLZ25 ) today is down -0.29 (-0.48%), and December RBOB gasoline (RBZ25 ) is up +0.0049 (+0.26%). Crude oil prices are under pressure today from a stronger dollar, with the dollar index (DXY00 ) climbing to a 3-month high. Today's slump in equity markets has also...

Barchart

Gopichand Hinduja, head of Britain’s richest family, dies aged 85

Billionaire businessman’s family owns Hinduja Group, which has interests across oil, banking and real estate

The Guardian - UK

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UN report: Climate-fighting efforts show slight gain but still fall far short

A new United Nations report finds that global plans to fight climate change will barely reduce future warming, mainly caused by the burning of fuels like gas, oil and coal

The Independent UK

Cotton Starting Tuesday with Weakness

Cotton price action is down 40 to 52 points so far on Tuesday. Futures pulled out strength on Monday, with contracts up 12 to 15 points in the nearbys. Crude oil futures were up 4 cents/barrel to $61.02, with the US dollar index back up $0.075 to $99.705. The October...

Barchart

End of The Line? Saudi Arabia scales back plan for wildly ambitious 100-mile-long megacity in the desert

The Line was unveiled as part of Crown Prince Mohammed bin Salman’s Vision 2030 plan in 2016 – it is now being massively scaled back

The Independent UK

Britain's BP Trims Spending For Profit Growth To Offset Lower Oil Prices

British oil and gas giant BP p.l.c. (NYSE:BP) reported mixed third-quarter 2025 results on Tuesday.

Benzinga

Oil and gas windfall tax must be replaced, say offshore and renewables groups

Offshore Energies UK and Scottish Renewables have written a joint letter to Chancellor Rachel Reeves and Energy Secretary Ed Miliband.

The Independent UK

This is our wellness editor’s favourite mood-boosting product – and it’s ideal for menopause

These scent rollers smell like Jo Malone fragrances and transform your mood in minutes

The Independent UK

BP signals more cost cuts on way after fall in profits

Oil and gas company says it will review its portfolio and push to sell off assets faster

The Guardian - UK

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Evening Standard

BP accelerates overhaul with higher asset sale target as profits beat forecasts

The oil giant reported third quarter underlying replacement cost profits of 2.21 billion US dollars (£1.68 billion), down 3% on a year earlier.

The Independent UK

Saudi Aramco reports $26.9B profit in third quarter, down slightly over lower oil prices

Saudi oil giant Aramco is reporting a $26.9 billion profit in the third quarter, down slightly from last year as global energy prices remain depressed over concerns of too much oil being on the market

The Independent UK

How to bring restaurant-level comfort food home, according to a chef

Crisp schnitzel, silky bisque gnocchi and golden latkes – ex-Camille chef Jemma Harrison’s take on nostalgic comfort food proves restaurant-level cooking can still feel like home

Benzinga

Trump's 'Drill Baby Drill' Delivers Record US Oil Production At 13.6 Million Barrels Per Day: 'There Will Be New Records Set,' Says Doug Burgum

Doug Burgum, the Secretary of the Interior, highlighted America's renewed energy dominance under President Donald Trump, amid record-breaking output and surging LNG exports.

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Barchart

Cotton Closes with Gains on Monday

Cotton futures pulled out strength on Monday, with contracts up 12 to 15 points in the nearbys. Crude oil futures were up 4 cents/barrel to $61.02, with the US dollar index back up $0.075 to $99.705. The October 31 online auction from The Seam showed 1,219 bales sold with an...

The Independent UK

Trump administration considers revoking ban on oil and gas development near Chaco historical park

The Trump administration is initiating formal meetings with Native American tribes in the southwestern U.S. as it considers revoking a 20-year ban of oil and gas development across of hundreds of square miles of federal land surrounding Chaco Culture National Historical Park

Barchart

Cotton Sneaking Out Midday Gains

Cotton price action is showing slight 2 to 5 point midday gains on Monday. Crude oil futures are up 31 cents/barrel to $61.29, with the US dollar index back up $0.015 to $99.645. The October 31 online auction from The Seam showed 1,219 bales sold with an average price of...

Evening Standard

Stocks struggle despite manufacturing improvement

UK manufacturing output expanded for the first time in a year in October, according to a survey.

Barchart

Crude Prices Move Higher as OPEC+ Pauses Production Hikes for Q1-2026

December WTI crude oil (CLZ25 ) today is up +0.35 (+0.57%), and December RBOB gasoline (RBZ25 ) is up +0.0189 (+0.99%). Crude oil prices have support today after OPEC+ on Sunday announced the expected December production hike, but then said production hikes will be halted in Q1. Crude oil prices...

The Independent UK

Away from Brazil’s ‘forest’ Cop30 – the fate of the Congo Rainforest hangs in the balance

IN FOCUS: The Democratic Republic of Congo government has opened bids for oil and gas drilling across huge swathes of the country, raising fears that the world’s last great rainforest carbon sink could be destroyed, Nick Ferris reports

Euronews

Ukraine gets more Patriot air defence systems from Germany to counter Russian attacks

Volodymyr Zelenskyy has pleaded with Western partners to provide more Patriot systems but production limitations and the need to maintain stockpiles have slowed their delivery.

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