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The Latest Breaking News from Oil

U.S. sanctions Russia's 2 biggest oil firms after Trump cancels Putin summit

This is the first time the U.S. has imposed sanctions against Russia over the war with Ukraine since Trump assumed office.

Axios

US imposes sanctions on Russian oil over Putin’s ‘refusal’ to end war in Ukraine

Trump administration hardens stance against the Kremlin day after cancelling a planned summit with Russian leader

The Guardian - UK

Cotton Faces Weakness on Wednesday

Cotton futures closed the Wednesday session with losses of 53 to 68 points. Crude oil rallied $1.56/barrel back to near the $60 level, as President Trump is increasing sanctions on Russian oil companies. The US dollar index was down $0.016 to $98.695. The Tuesday online auction from The Seam showed...

Barchart

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United States targets Russian oil giants over Vladimir Putin’s refusal to end 'senseless' war in Ukraine

Scott Bessent claimed the measures against Rosneft and Lukoil will ‘degrade’ the Kremlin’s military efforts

Evening Standard

Crude Prices Jump on Possible US-India Trade Deal and Lower EIA Inventories

December WTI crude oil (CLZ25 ) on Wednesday closed up +1.26 (+2.20%), and December RBOB gasoline (RBZ25 ) closed up +0.0375 (+2.12%). Crude oil and gasoline prices rallied sharply on Wednesday, posting one-week highs. Crude prices jumped on Wednesday after India's Mint newspaper reported that the US and India are...

Barchart

Soybeans Holding Higher at Midday

Soybeans are steady to 4 cents higher so far at Wednesday’s midday. The cmdtyView national average Cash Bean price is 4 cents higher at $9.62 1/4. Soymeal futures are steady to $2.90 higher on the day, with Soy Oil 50 to 54 points lower. Brazil’s 2025/26 soybean production estimate from...

Barchart

Cotton Falling Lower on Wednesday

Cotton futures are trading with contracts down 46 to 55 points at the midday portion of the Wednesday session. Crude oil is rallying $1.44/barrel, with the US dollar index down $0.081 to $98.630. The Tuesday online auction from The Seam showed 1,563 bales sold with an average price of 60.99...

Barchart

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My Go-To Braided Ponytail For *Fancy* Events Is Also Shockingly Easy

Here's everything I use to get the look in under five minutes.

Marie Claire

Crude Oil Gains Over 1%; AT&T Shares Slide After Q3 Results

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1% on Wednesday.

Benzinga

UK Government must not ramp up decline of Scottish oil and gas sector, MPs warn

The Scottish Affairs Committee also said the Scottish and UK governments should have acted sooner to prepare for job losses at Grangemouth.

The Independent UK

UK Government must not ramp up decline of Scottish oil and gas sector – report

Ministers said the Scottish and UK Governments should have acted sooner to prepare for job loses seen at Grangemouth, Scotland’s last oil refinery.

Evening Standard

Crude Oil Rallies on Possible US-India Trade Deal and Unexpected Draw in EIA Inventories

December WTI crude oil (CLZ25 ) today is up +1.17 (+2.04%), and December RBOB gasoline (RBZ25 ) is up +0.0352 (+1.99%). Crude oil and gasoline prices are up sharply today, reaching one-week highs. Crude prices jumped today after India's Mint newspaper reported that the US and India are nearing a...

Barchart

As Crude Oil Prices Fall, Make This 1 Unexpected Trade ASAP

December Canada dollar futures present a selling opportunity on more price weakness.

Barchart

A New Generation of Industries Emerges in Texas from Federal Push for Mining Revival

The United States doesn’t produce the minerals and metals needed for renewable energy, microchips, or military technology. Authorities want to change that as quickly as possible.

Texas Observer

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The Conversation

Satellite data shows methane emissions are declining in part of Canada’s oil patch, but more monitoring is needed

Governments in Canada’s major oil and gas producing provinces, Alberta and Saskatchewan, have touted their efforts in recent years to reduce methane emissions.

The Independent UK

AI can help the environment, even though it uses tremendous energy. Here are 5 ways how

Artificial intelligence has caused concern for its tremendous consumption of water and power

Woman & Home

What can I cook in an air fryer? 11 fast, delicious and easy ideas

Air fryers are the latest culinary must-have, promising to save time and money while minimising the need for oil. Here are the best dishes to cook in an air fryer

Fortune

A Texas company plans to drill for oil in Greenland amid a climate change moratorium and Trump’s desire to annex the nation

It's a risky bet: Not everyone agrees the oil there is recoverable.

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news in one place.

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The Guardian - UK

No waste, all taste: Max La Manna’s comfort food pantry-raid recipes

There’s little waste but lots of texture in this crispy rice with peanut–chilli crunch, toast loaded with charred broccoli and white bean smash, and a tasty tomato and lentil pasta bake

The Independent UK

How to eat like it’s still summer: simple Mediterranean dishes for colder days

As the light fades and the air cools, southern Italian classics – all chickpeas, bitter greens and golden oil – offer comfort without heaviness

The Independent UK

Pemex pipeline spill contaminates Mexican river after torrential rains

Mexico’s state-run oil company, Pemex, reports that recent torrential rains have caused a pipeline spill along the Pantepec River

Benzinga

Trump Says He Spoke With Narendra Modi On Diwali: Calls Indian PM 'A Great Friend' Amid Tariff Tensions

President Donald Trump said that he spoke with Indian Prime Minister Narendra Modi on the occasion of Diwali, while celebrating the Hindu festival in the White House on Tuesday.

The Guardian - UK

No major banks have yet committed to stop funding new oil, gas and coal, research finds

‘The objectives of the Paris agreement are slipping further out of reach,’ say researchers from LSE

Barchart

Cotton Closes with Tuesday Gains

Cotton futures saw a Tuesday bounce off overnight lows, with contracts closing up 17 to 26 points in the front month. Crude oil is bouncing off overnight weakness, with gains of 55 cents/barrel and the US dollar index up $0.405 to $98.760. Th Friday online auction from The Seam showed...

Barchart

Soybeans Fall Lower into Tuesday’s Close

The soybean market slipped into the Tuesday close, as contracts were down 1 to 2 cents on the session. The cmdtyView national average Cash Bean price was steady at $9.58 1/4. Soymeal futures were steady to $1.90 higher on the day, with Soy Oil 50 to 66 points lower. There...

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