The Latest Breaking News from Oil

Negotiations aimed at forging a global treaty on plastic pollution are being blocked by oil-producing countries and getting bogged down in a "dialogue of the deaf", sources in and around the talks told AFP. Ten days of talks on finalising an international, legally-binding instrument on plastic pollution opened on Tuesday…

President Donald Trump’s administration and its allies have pushed aggressively for drilling, mining and logging in Alaska

Economist Peter Schiff warned Tuesday that President Donald Trump's decision to double tariffs on Indian imports to 50% could "expose the U.S. consumer as a paper tiger," predicting a dollar crash that would "impoverish Americans but enrich foreign consumers, particularly the BRICs."

President Donald Trump could meet with Russian President Vladimir Putin as early as next week to discuss Ukraine peace negotiations, a White House official said on Wednesday, as markets brace for the potential implementation of sanctions targeting the global oil trade.

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China and India would be hit hardest. But Europe would be affected, and the US would face risks as well.

Cotton futures were up 11 points in the October contracts on Wednesday, with other contracts down 23 to 27 points. The US dollar index was back down $0.561 to $98.020, as crude oil futures were another $0.73/barrel lower. Following threats of increased tariffs if India doesn’t stop purchasing Russian oil,...

Soybean futures closed with losses of 6 to 7 ½ cents across the front months on Wednesday. The cmdtyView national average Cash Bean price was down 6 cents at $9.27 1/2. Soymeal futures were under pressure on Wednesday, down $2.10 to $4.40. Soy Oil futures were mixed, down 5 to...

An Indian government source said it needs to gradually repair ties with the U.S. and engage more with the BRICS bloc