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The Latest Breaking News from Oil

Cotton futures settled the Wednesday session with contracts ticking 5 to 11 points higher. Crude oil futures were down 10 cents per barrel at $61.05. The US dollar index was down $0.044 at $98.865. The January 13 online auction from The Seam showed sales of 60.08 cents/lb on 14,042 bales....

Barchart

Moment two ships explode in huge fireball after deadly collision in North Sea caught on CCTV

CCTV footage of a cargo ship crashing into an oil tanker in the North Sea last year, causing a deadly explosion, has been released by police.

The Independent UK

Geopolitical Risk Pushes Crude Oil Prices Higher

February WTI crude oil (CLG26 ) on Wednesday closed up +0.87 (+1.42%), and February RBOB gasoline (RBG26 ) closed up +0.0039 (+0.21%). Crude oil and gasoline prices extended this week's sharp rally today, with crude climbing to a 2.5-month high and gasoline posting a 5-week high. Fears of an escalation...

Barchart

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Soybeans Posting Midday Gains

Soybeans are up 6 to 10 cents across the front months on Wednesday. January expires today. The cmdtyView national average Cash Bean price is 6 3/4 cents lower at $9.73. Soymeal futures are up 50 to 80 cents at midday, as Soy Oil futures are down 2 to 5 points....

Barchart

Cotton Showing Steady Trade on Wednesday

Cotton futures are down 2 to 5 points in the front months on Wednesday, fading some early strength. Crude oil futures are up another 50 cents per barrel at $61.65. The US dollar index is down $0.049 at $98.860. The January 13 online auction from The Seam showed sales of...

Barchart

Mechanics Warn: This “Fuel-Saving Trick” Is Quietly Destroying Engines in Cold States

In cold states like Michigan, Minnesota, and upstate New York, a so-called “fuel-saving trick” is wreaking havoc on engines. During the time that I worked as a mechanic, I saw everything. As more people became concerned with fuel consumption, I saw more and more drivers neglect to warm up their…

Clever Dude

Fears of Iran Escalation Lift Crude Oil Prices

February WTI crude oil (CLG26 ) today is up +0.35 (+0.57%), and February RBOB gasoline (RBG26 ) is down -0.0066 (-0.36%). Crude oil and gasoline prices are mixed today, with crude climbing to a 2.5-month high. Fears of an escalation in tensions in Iran, which could disrupt crude supplies from...

Barchart

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Ship captain in deadly crash ‘waited’ before trying to avoid oil tanker

Russian national Vladimir Motin, 59, was on sole watch duty when his vessel, the Solong, collided with the anchored Stena Immaculate

The Independent UK

Where are the shadow fleet oil tankers? Vessel seized by US spotted off Scottish coast

Sanctioned oil is transported through international waters using vessels carrying fake flags

The Independent UK

Trump Admin Files for Dozens of New Seizure Warrants Targeting Venezuelan Oil Tankers: Report

The United States has sought court warrants to seize dozens more oil tankers linked to Venezuela's crude trade, according to four sources familiar with the matter.

Latin Times

Cotton Push Higher Continues on Wednesday Morning

Cotton prices are up 19 to 25 points in the front months on Wednesday AM trade. Futures posted steady to slightly lower trade on Tuesday, with some front months down 3 points. Crude oil futures were up another $1.60 per barrel at $61.10. The US dollar index was up $0.304...

Barchart

U.S. Reportedly Seeking Warrants To Seize Dozens More Tankers Linked To Venezuela

The Trump administration is seeking warrants to seize dozens of additional tankers linked to Venezuela, according to a new report.

Latin Times

After Fallout Season 2’s Latest Episode Ended On A Huge Cliffhanger, Ella Purnell Dished On How Much Pain (Spoiler) Can Take

I'm still wincing over THAT scene.

Cinemablend

BP to take hit of up to $5bn on green energy as it refocuses on fossil fuels

Energy company also under pressure from worse oil trading performance and weaker oil prices

The Guardian - UK

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Evening Standard

Captain ‘waited until tanker one nautical mile away before bid to avoid crash’

Russian Vladimir Motin, 59, was on sole watch duty when his vessel, the Solong, collided with the Stena Immaculate.

Evening Standard

BP cautions over ‘weak’ oil trading and reveals up to £3.7bn in write-downs

The oil giant joined FTSE 100 rival Shell, after it also last week cautioned over a weaker performance from oil trading amid lower crude costs.

The Independent UK

Malaysians joke they could be ‘the next Venezuela’ after US embassy’s admiring post

Jokes abound online after US embassy posts stunning image from space, with Malaysians telling Trump they have ‘no oil... just tiger and crocodile’

The Independent UK

How to hack your health this winter with food – five recipes that boost immunity, mood and gut health

Winter can be tough on the body, from low mood and fatigue to coughs, colds and sluggish digestion. Nutritionist Jo Travers shares five evidence-based ways to support your health through diet – plus five easy, comforting recipes designed to boost immunity, gut health and energy when you need it most

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The Independent UK

Ukraine-Russia war latest: Trump claims it is Zelensky, not Putin, holding up peace deal

Bizarre claim comes after Zelensky was forced to declare a power sector state of emergency due to repeated Russian attacks

The Guardian - AU

Ukraine war briefing: Estonia leads with entry ban on Russians who fought in Ukraine

‘We call on other countries to do the same’ says foreign minister; major fires after Ukraine targets Russian drone plant at Taganrog. What we know on day 1,421

Barchart

Cotton Closes Steady on Tuesday

Cotton futures posted steady to slightly lower trade on Tuesday, with some front months down 3 points. Crude oil futures were up another $1.60 per barrel at $61.10. The US dollar index was up $0.304 at $98.930. The Monday online auction from The Seam showed sales of 60.09 cents/lb on...

Barchart

Soybeans Post Tuesday Losses, Following Bean Meal

Soybeans closed out Tuesday with losses of 9 to 10 ¼ cent in the front months to follow up the Monday pullback. The cmdtyView national average Cash Bean price was 10 1/4 cents lower at $9.66 1/4. Soymeal futures were a pressure factor, down $4.50 to $8.20, as Soy Oil...

Motorsport

Jean Alesi's 1992 Ferrari F92A F1 car heads to auction with €3-5million estimate

Jean Alesi's Ferrari F92A, the 1992 F1 car he was gifted by Ferrari and has kept on display since, is heading to auction

We Got This Covered

Woman finally takes her Mercedes for an oil change after 3 years, and what she admits to the mechanic is painfully relatable

Her confession to the technician is painfully, brutally honest.

Barchart

Geopolitical Risks Underpin Crude Oil Prices

February WTI crude oil (CLG26 ) on Tuesday closed up +1.65 (+2.77%), and February RBOB gasoline (RBG26 ) closed up +0.0327 (+1.82%). Crude oil and gasoline prices rallied sharply on Tuesday, with crude posting a 2.25-month high and gasoline posting a 5-week high. Crude prices surged on Tuesday after President...

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