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The Latest Breaking News from Oil

What are heat pumps and could they help your home save energy?

Heat pumps are a cleaner alternative to gas boilers, with government grants now covering much of the upfront cost. Here’s what a heat pump is, how it works, and whether it could be right for you

The Independent UK

The oil CEO who stood up to Trump is a disciplined follower of the 'Exxon way' with a history of blunt statements

Also: All the news and watercooler chat from Fortune.

Fortune

Oil prices jump as new Trump tariff threats placed on Iran trade partners

Trump has repeatedly used tariffs as a threat over the past year to nations doing business with the US

The Independent UK

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Omega 3 Benefits: How Fish Oil Supplements Power Heart Health, Brain Function, and Inflammation Reduction

Learn about key omega 3 benefits from fish oil supplements, supporting heart and brain health plus inflammation reduction, with evidence-based guidance on dosage, safety, and daily use.

Medical Daily

Twelve top central bankers defend Fed’s Jerome Powell over DoJ investigation; oil hits two-month high as Trump threatens Iran’s trading partners – as it happened

Central bankers from across the world say they “stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell”

The Guardian - UK

Venezuela's 'black gold' allies: Caracas' links to Cuba, China, Russia and Iran

From 1999 onwards, successive governments pursued a strategy linking foreign policy, state financing and the management of the country's main industry. The result was a network of bilateral alliances that channelled much of Venezuela's crude outside conventional buying and selling circuits.

Euronews

Venezuela-EU trade: Which countries do the most business with Venezuela across Europe?

Venezuela is not a major EU trade partner. Spain dominates trade, accounting for 55% of the total volume. Given Venezuela’s large proven crude oil reserves, the EU closely monitors political developments in the country.

Euronews

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The ultimate Veganuary recipe bundle to avoid a boring, beige month

Forget limp salads and worthy swaps – this ultimate Veganuary recipe bundle is built for big flavours, real comfort and zero boredom, from ramen and pasta to crispy tofu and rich curries. By Hannah Twiggs

The Independent UK

Russia working to circumvent sanctions to ensure India oil imports continue

Delhi is world’s second largest purchaser of Russian crude, which is now cheaper than oil from Middle East

The Guardian - UK

Donald Trump Needs Melania More Than Ever Amid Growing Dementia Fears

Donald Trump is reportedly relying heavily on Melania amid growing dementia fears, following erratic behaviour during meetings with oil executives and visible physical struggles at events.

International Business Times UK

Cotton Holds Gains on Monday

Cotton futures close with gains of 50 to 55 points across the front months on Monday, as USDA data was friendlier to the market. Crude oil futures were back up 72 cents per barrel at $59.84. The US dollar index was down $0.215 at $98.675. NASS Cotton Ginnings data showed...

Barchart

Soybeans Fall on Monday as USDA Raises Carryout

Soybeans posted Monday losses of 7 to 15 ½ cents across most contracts, as some back months were slightly higher. The cmdtyView national average Cash Bean price was 13 1/4 cents lower at $9.76 1/2. Soymeal futures were a pressure factor, down $3.10-5.40, as Soy Oil futures were up 32...

Barchart

6 Vehicle Fluids Owners Forget to Check

When I worked as a mechanic, I realized that most drivers only know that they need to change their oil on a regular basis. But your vehicle relies on more than just motor oil to stay in healthy, running order. Neglecting the other fluids in your car can lead to…

Clever Dude

Venezuela Cites 'Brotherhood and Solidarity' With Cuba After Trump Signals End to Oil Support

Venezuela's interim leadership publicly reaffirmed its relationship with Cuba after U.S. President Donald Trump said Washington had ended the flow of Venezuelan oil and financial support to the island.

Latin Times

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Fortune

Trump threatens to keep ‘too cute’ Exxon out of Venezuela after CEO provides reality check on ‘univestable’ industry

Exxon Mobil CEO Darren Woods' emergence as an unofficial industry spokesman has put him at odds with Trump with his frank talk over Venezuela.

Barchart

Crude Oil Prices Climb on Dollar Weakness and Supply Risks

February WTI crude oil (CLG26 ) on Monday closed up +0.38 (+0.64%), and February RBOB gasoline (RBG26 ) closed up +0.0132 (+0.74%). Crude oil and gasoline prices settled higher on Monday, with crude posting a 5-week high. Monday's dollar weakness (DXY00 ) is bullish for energy prices. Also, rising tensions...

We Got This Covered

Trump posts mysterious Wikipedia screenshot claiming a title that isn’t President of the United States, and people have questions

He seems to be taking on a new responsibility.

Space

How Earth's orbit might help us find oil reserves within the planet

Scientists studying Jurassic rocks in China found that cyclical changes in Earth's orbit affected not only the climate, but also the development of shale oil reserves.

Get all your
news in one place.

100's of premium titles.
One news app.

Barchart

Marathon Petroleum (MPC) Call Options Could Be Significantly Mispriced in Your Favor

With Wall Street forced to price risk monotonically, retail has the opportunity to play a different game when it comes to MPC stock and the suddenly hot oil market.

Barchart

Soybeans Posting Monday Weakness as USDA Raises Carryout

Soybeans are down 9 to 13 cents so far as trader sift through the USDA report at midday. The cmdtyView national average Cash Bean price is 9 1/4 cents lower at $9.80 1/4. Soymeal futures are down $4.20-4.60, as Soy Oil futures are up 80 to 85 points. There were...

Barchart

Cotton Rallying on Monday

Cotton futures are showing 60 to 68 point gains so far on Monday following a modestly Friendly USDA report. Crude oil futures are back up 9 cents per barrel at $59.21. The US dollar index is down $0.265 at $98.625. NASS Cotton Ginnings data showed 11.962 million RB of cotton...

Latin Times

China Rejects U.S. Oversight of Venezuela Oil, Citing Country's Right to 'Choose Cooperation Partners'

China said on Monday that Latin American countries are sovereign states with the right to choose their own international partners, responding to recent comments by U.S. President Donald Trump suggesting that Beijing and Moscow could buy Venezuelan oil only under U.S. oversight.

The Guardian - UK

US plan to exploit Venezuela’s oil could eat up 13% of carbon budget to keep 1.5C limit

Exclusive: ClimatePartner analysis shows how move would risk plunging Earth further into climate catastrophe

Barchart

Crude Oil Prices Boosted by Dollar Weakness and Iranian Protests

February WTI crude oil (CLG26 ) today is up +0.21 (+0.36%), and February RBOB gasoline (RBG26 ) is up +0.0147 (+0.83%). Crude oil and gasoline prices are moving higher today, with crude posting a 5-week high. Today's dollar weakness is bullish for energy prices. Also, rising tensions in Iran, the...

The Conversation

Why Greenland’s vast natural resources won’t necessarily translate into huge profits

The US is sabre-rattling over Greenland once again. The vast island’s natural resources are back on the agenda, a year after then-US national security advisor Michael Waltz announced: “This is about critical minerals. This is about natural resources.”

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