The Latest Breaking News from Oil

Soybeans are rallying 25 to 29 cents on Monday following better trade news from the weekend. The cmdtyView national average Cash Bean price is 28 1/2 cents higher at $10.01 1/4. Soymeal futures are up $4.60 so far, with Soy Oil futures 50 to 57 points higher. This morning’s Export...

December WTI crude oil (CLZ25 ) is up +0.23 (+0.37%), and December RBOB gasoline (RBZ25 ) is up +0.0058 (+0.31%). Crude oil prices are trading higher today on economic optimism after news of a preliminary US-China trade agreement. Also, crude oil prices saw support after Ukrainian President Zelensky said Ukraine...

Venezuela has the world’s largest oil reserves, but “our people don’t even have gas even to cook. That’s a disaster,” María Corina Machado told Fortune.

Picture this: you’ve spent months lovingly tending your garden, nurturing those perfect carrots, crisp beets, and hearty potatoes. The soil is rich, the weather’s been kind, and harvest day is finally here. You reach for that first carrot—and instead of a bright orange beauty, you pull up something that looks…

Africa’s largest refinery is seeking to expand its capacity to 1.4 million with a goal of becoming the world’s largest refinery

Cotton price action is trading with 59 to 76 point gains on Monday morning. Futures closed Friday with contracts 3 to 13 points higher, as December slipped back 8 points on the week. Crude oil futures were 35 cents/barrel to $61.44, with the US dollar index up $0.021 to $98.750....

Petrofac’s UK business is based in Aberdeen and is involved in the operation of North Sea oil platforms for firms including BP and Shell.

Petrofac said it will now enter insolvency after Dutch electricity grid TenneT terminated a major contract

North Sea contractor says move applies only to its ultimate holding company and it will continue to trade