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The Latest Breaking News from Oil

'I Bought Another to Give as a Christmas Gift' – This Chic Stone Essential Oil Diffuser I Tested and Loved is Reduced by $52 For a Limited Time

It's ideal for quickly banishing Christmas odors and effortlessly freshening your space before hosting

Homes & Gardens

Cotton Closes the Week with Strength

Cotton futures saw marginally higher trade on Friday, with contracts up 14 to 17 points at the close. December was up 156 points this week. Crude oil futures were down 67 cents per barrel at $58.40 on the day, with the US dollar index $0.092 lower to $99.430. USDA’s Export...

Barchart

Soybeans Bulls Post Black Friday Buying, as USDA confirms Sales to China

Soybeans posted gains of 4 to 6 ¼ cents across the nearby contracts on Friday, with January up 12 ¾ cents on the week. The cmdtyView national average Cash Bean price was 6 1/2 cents higher at $10.65 ½. Soymeal futures were down $1.70 to $3.60, with December down 70...

Barchart

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Two ships of Russia's sanctioned shadow fleet caught fire in the Black Sea off Türkiye

Two sanctioned oil tankers, the Kairos and the Virat, have caught fire in the Black Sea a few dozen nautical miles off the Turkish coast. Their crews are safe as the causes of the explosions are being investigated.

Euronews

Crude Prices Erase Early Gains on Optimism for a Ukrainian Peace Deal

January WTI crude oil (CLF26 ) on Friday closed down -0.10 (-0.17%), and January RBOB gasoline (RBF26 ) closed down -0.0058 (-0.32%). Crude oil and gasoline prices fell from 1-week highs on Friday and settled lower. Crude prices came under pressure on Friday in hopes of an end to the...

Barchart

Green transition targets are not realistic – how to decarbonise at the right pace

While the UK needs to accelerate its energy transition, targets are being missed, projects run into delays, and the public wonders why progress feels so slow. The temptation is to blame politics, funding or technology. Yet there is a deeper reason the road to net zero keeps stalling.

The Conversation

Cotton Posting Friday Gains

Cotton futures are up 14 to 34 points at midday. Crude oil futures are up 23 cents per barrel at $59.30 on the day, with the US dollar index $0.092 lower to $99.430. USDA’s Export Sales report showed 175,678 RB of cotton sold in the week of 10/16, back up...

Barchart

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Soybeans Holding onto Gains, as USDA confirms Sales to China

Soybeans are trading with gains of 3 to 4 cents on Friday following the holiday. The cmdtyView national average Cash Bean price is 3 3/4 cents higher to $10.62 3/4. Soymeal futures are down $2.50 to $2.70, as Soy Oil futures are 83 to 97 points higher. There were 199...

Barchart

Crude Prices Push Higher on Dollar Weakness and Russian-Ukrainian Peace Uncertainty

January WTI crude oil (CLF26 ) today is up +0.62 (+1.06%), and January RBOB gasoline (RBF26 ) closed up +0.0316 (+1.73%). Crude oil and gasoline prices rallied to 1-week highs today as the decline in the dollar index (DXY00 ) to a 1.5-week low is bullish for energy prices. Also,...

Barchart

Crude Oil Gains 1%; Tilray Brands Shares Plunge

U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 250 points on Friday.

Benzinga

Ocean conservation charity loses High Court bid over oil and gas licences

Oceana UK brought legal action against the Department for Energy Security and Net Zero and the North Sea Transition Authority.

Evening Standard

Shell fined after major hydrocarbon release on rig linked to corroded pipework

The Health and Safety Executive said 176 staff working on the platform were put at risk from an explosion if the escaping hydrocarbon gas had ignited.

Evening Standard

Fine dining in your front room: from tea bags to ceramics, top restaurant essentials to transform meals at home

Never mind the food, what about the vibe? Restaurateurs share tips and tricks that will bring a touch of restaurant magic to your table

The Guardian - UK

‘Premium but not ostentatious’: the best extra virgin olive oils to gift instead of wine

Where to find premium versions of this beloved kitchen staple to bring to your next dinner party or Christmas do

The Guardian - UK

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The Guardian - UK

‘Not going to happen’: First Nations threaten to end Carney’s pipe dream

The Canadian PM’s breakthrough oil deal with Alberta cost him a cabinet minister and will still face stiff opposition

Clever Dude

How Dealerships Hide Maintenance Costs in “Free” Packages

Dealerships promote free maintenance packages as a perk meant to lower ownership costs, but the reality often works differently. These offers sound clean and simple. They rarely are. The fine print hides fees, restrictions, and inflated service rates wrapped in the language of convenience. Owners assume they’re saving money, yet…

Euronews

Hungary's Orbán seeks more Russian oil and gas in meeting with Putin

The Hungarian prime minister met the Russian president in Moscow to secure more oil and gas supplies, despite EU efforts to cut Russian energy imports by 2027.

Barchart

Cotton Starting Friday with Slight Gains

Cotton price action is steady to 5 points higher so far on Friday morning. Futures were up 30 to 99 34 points in the nearby contracts on Wednesday. Crude oil futures were up 60 cents per barrel at $58.55 on the day, with the US dollar index $0.069 lower to...

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Euronews

Viktor Orbán to meet Vladimir Putin in Russia to discuss war in Ukraine and energy ties

The Hungarian prime minister is one of the few European leaders to have maintained ties with the Russian president, and their meeting comes at a tense diplomatic moment in the international effort to end the war in Ukraine.

Fortune

Mark Carney says Canada's trading relationship with the U.S. was 'once a strength,' but 'now a weakness'

Canada struck a pipeline deal with Alberta on Thursday to diversify the country's oil exports beyond the U.S.

The Conversation

Electric container ships won’t work – but a fleet of auxiliary battery ships could clean up shipping

Shipping moves 90% of global trade and produces nearly 3% of global emissions. The sector has proved challenging to clean up, as cargo ships can travel for weeks between ports and typically rely on cheap, energy-dense and extremely polluting heavy fuel oil.

The Independent UK

Canada's prime minister and Alberta's premier sign pipeline deal which could reverse oil tanker ban

Canadian Prime Minister Mark Carney and the premier of Canada’s oil rich province of Alberta have agreed to work toward building a pipeline to the Pacific Coast to diversify the country’s oil exports beyond the United States

The Guardian - UK

Canada minister resigns from cabinet over Carney’s controversial oil pipeline deal

Minister Steven Guilbeault says Indigenous nations were not consulted and the pipeline would have ‘major environmental impacts’

Benzinga

Oil Could Drop Below $50 If Russia-Ukraine Peace Talks Succeed, Goldman Sachs Says

Oil prices may plunge below $50 per barrel if a peace agreement between Russia and Ukraine lifts Western sanctions, triggering a gradual recovery in Russian oil supply and easing geopolitical risk premiums across energy markets, according to analysts at Goldman Sachs.

Clever Dude

6 Silent Engine Problems That Can Total Your Car Overnight

Cars rarely fail without giving some kind of warning, but silent engine problems create a different kind of threat. They sit under the hood, out of sight, slowly building into failures that can total a vehicle without a single loud symptom. Drivers trust their dashboards to alert them, yet many…

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