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The Latest Breaking News from Oil

The Trump Administration touts approvals for deepwater oil-exporting hubs in the Gulf of Mexico, but no one seems willing to build them

The Texas GulfLink project was just licensed to build an oil-shipping hub 30 miles into the U.S. Gulf, but demand for such projects has tumbled.

Fortune

BP halts share buybacks and ramps up cost-cutting as profits slump

The FTSE 100 oil giant reported a 16% fall in underlying replacement cost profits to 7.49 billion US dollars (£5.47 billion) for 2025.

Evening Standard

Barclays boss ‘shocked’ by Epstein revelations; BP annual profits slump 16% – as it happened

Barclays CEO speaks as bank deals with fallout of ex-boss Jes Staley’s ties to convicted child sex offender; Japan’s stock market jumps to new peak in extended rally after Sanae Takaichi’s party secures election victory

The Guardian - UK

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read the most diverse news in one place.

Newsletter: EU leaders raise the stakes ahead of talks on economic revival

Also in this newsletter: EU officials express reservations over Spain's decision to regularise undocumented migrants, and why the EU wants to end the price cap on Russian oil.

Euronews

FTSE 100 Live 10 February: Barclays boss gets £15m pay packet, BP halts buybacks

BP today halted share buybacks and reported a big fall in profits during a weaker session for the FTSE 100 index.

Evening Standard

Russian oil revenue plummets as sanctions target Putin’s cash cow

A shadow fleet has sought to skirt around sanctions against Russia

The Independent UK

If fracking begins in the Kimberley, it could damage a sacred river

Under the soils of the Kimberley lies one of the world’s last undeveloped large-scale reservoirs of onshore gas, according to the gas company hoping to extract it.

The Conversation

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US says two people killed in military strike on boat in Pacific

Officials say rescuers searching for lone survivor after latest attack on what Pentagon says are suspected drug smugglers

The Guardian - US

Soybeans See Monday Weakness, Despite Export Business

Soybeans posted Monday gains of 3 to 5 cents. The cmdtyView national average Cash Bean price was down 4 ¼ cents at $10.45 1/2. Soymeal futures were a dime to $5.80 lower, with Soy Oil futures were 102 to 136 points in the green on the day. USDA reported a...

Barchart

Cotton Hold Bounce into Monday’s Close

Cotton futures closed the Monday session with contracts up 55 to 75 points in the nearbys. Crude oil futures were up $0.87 per barrel on the day at $64.41. The US dollar index was down $0.771 to $96.735. The Seam showed sales on 3,066 bales sold on 2/6, averaging 58.61...

Barchart

Air Canada cancels all flights to Cuba as US oil blockade cuts off fuel access

Airlines from as far away as Russia, China and Spain have also been affected as island nation warns of fuel shortage

The Guardian - US

Crude Oil Prices Jump as US Advises Ships to Avoid Iran

March WTI crude oil (CLH26 ) on Monday closed up +0.81 (+1.27%), and March RBOB gasoline (RBH26 ) closed up +0.0323 (+1.65%). Crude oil and gasoline prices settled sharply higher on Monday, with gasoline posting a 2.5-month high. Monday's slump in the dollar index ($DXY ) to a 1-month low...

Barchart

Soybean Market Bulls Gain Footing with Monthly USDA Report on Deck

Tuesday’s USDA supply and demand report is expected to show very little changed in soybean, corn, and winter wheat.

Barchart

Cotton Bouncing Higher on Monday

Cotton futures are back up 59 to 69 points at Monday’s midday. Crude oil futures are up $1.28 per barrel on the day at $64.83. The US dollar index is down $0.626 to $96.880. Spec traders were busy adding 6,717 contracts to their net short position in the week of...

Barchart

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Barchart

Soybeans Falling Back on Monday, Despite Export Business

Soybeans are trading with midday weakness of 6 to 8 cents in the front months on Monday. The cmdtyView national average Cash Bean price is down 7 ½ cents at $10.41 1/4. Soymeal futures are trading with losses of $5.50 to $6.30, with Soy Oil futures up 100 to 107...

Grocery Coupon Guide

6 Ways to Use Beef Tallow to Slash Your Grocery Bill

In our grandparents’ generation, nothing was wasted. Animal fats were rendered, saved, and used as a primary kitchen staple. Today, we often throw away the fatty trimmings from a brisket or roast, then turn around and buy expensive bottles of olive oil or avocado oil. This is a double financial…

Barchart

Crude Prices Climb as US Tells Ships to Avoid Iranian Waters

March WTI crude oil (CLH26 ) today is up +0.79 (+1.24%), and March RBOB gasoline (RBH26 ) is up +0.0360 (+1.84%). Crude oil and gasoline prices are climbing today, with gasoline posting a 2.5-month high. Today's slump in the dollar index ($DXY )to a 1-month low is pushing energy prices...

Evening Standard

9 chic Valentine’s Day beauty gifts to treat someone special — or yourself

From elegant fragrance and restorative facials to indulgent bath oils and self-care treats

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The Times of India

US forces seize sanctioned oil tanker in Indian ocean after pursuit from the Caribbean

The US forces seized a sanctioned oil tanker in the Indian Ocean after tracking the ship from the Caribbean Sea, the Pentagon said Monday.

MarketBeat

Energy Is Leading in 2026—But Are the Oil Majors Cracking?

Energy is leading the market this year as investors seek safety. Despite mixed earnings, efficiency cuts and high demand keep the sector's outlook hot.

The Independent UK

US boards oil tanker that it ‘hunted’ down for breaking Trump’s quarantine

The Trump administration sees seizing the tankers as a way to generate cash as they seek to rebuild Venezuela’s battered oil industry

Euronews

Why the EU wants to end the price cap on Russian oil and move to the next stage

The 20th package of EU sanctions against Moscow foresees a blanket ban on maritime services. If approved, it would discard the price cap on Russian oil that Western allies have applied since 2022.

Barchart

Cotton Bouncing on Monday Morning

Cotton prices are up 35 to 55 points early on Monday. Futures posted losses of 40 to 70 points in the front months on Friday, with March down 211 points last week. Crude oil futures were up 21 per barrel on the day at $63.50. The US dollar index as...

Ideal Home

This is how long your oil-filled radiator should last and how you can make it last longer, according to the pros

Plus how you can make it last longer

The Texas Tribune

“A disaster waiting to happen”: How the fracking boom put an oil field in the Guadalupe River floodplain

Lack of a state floodplain policy enabled oil companies to build in parts of Texas hit by an epic inundation less than 30 years ago.

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