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The Latest Breaking News from Oil

BP Makes Biggest Oil Discovery in 25 Years Off Brazil as It Shifts Away From Renewables

Britain's BP announced Monday it made its biggest oil and gas discovery in 25 years off the coast of Brazil, as it shifts back to its fossil fuel business.

International Business Times

Cotton Posting a Monday Bounce Back

Cotton prices are up 40 to 49 points across most contracts on Monday morning. Futures closed the Friday session with contracts down 89 to 119 points across the nearbys. December was down 187 points on the week. The US dollar index was back down $1.318 to $98.425, as crude oil...

Barchart

Top Trump aide says India financing Putin’s war in Ukraine by buying Russian oil

White House official says India ‘basically tied with China in purchasing Russian oil’ as Delhi defies sanctions threat

The Independent UK

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BP makes its biggest oil and gas discovery in 25 years

The oil giant said the discovery was its tenth to date in 2025 and the biggest since the 1999 find of the Shah Deniz gas field in the Caspian Sea.

Evening Standard

Baker Hughes & Chart Ink $13.6B Deal—Start of Energy's Comeback?

Baker Hughes’ $13.6B deal revives energy stock momentum; here's why XLE and Transocean may offer strong upside in a recovering oil market.

MarketBeat

BP confirms biggest oil and gas field discovery in 25 years – three times the size of Paris

The British energy firm have scaled back on renewable plans recently to refocus on fossil fuels

The Independent UK

Trump aide accuses India of financing Russia’s war in Ukraine

White House deputy chief Stephen Miller says it was ‘not acceptable’ for India to continue to buy Russian oil.

Al Jazeera

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BP makes its biggest oil and gas discovery in 25 years off coast of Brazil

Company to carry out more tests on its Santos basin find as it continues shift from renewables back to fossil fuels

The Guardian - UK

Ukraine war briefing: Top Trump aide accuses India of financing Russian war by buying oil

Stephen Miller says it’s astonishing that ‘India is basically tied with China in purchasing Russian oil’; 120 firefighters needed to put out blaze at Sochi oil depot. What we know on day 1,258

The Guardian - AU

OPEC+ countries to boost oil production by 547,000 barrels per day

A group of countries that are part of the oil cartel OPEC+ have agreed to boost oil production, which some believe could lower oil and gasoline prices

The Independent UK

Ukrainian drone attack sparks blaze at oil refinery in Russia

An overnight Ukrainian drone attack caused a fire at an oil refinery in Sochi, Russia.

The Independent UK

Ukrainian attack sparks blaze at Russian oil depot as countries trade strikes

Video shows black smoke pouring from facility in Sochi, while Russian attack on Mykolaiv wounds seven people

The Guardian - UK

I've never quite mastered cooking steak – but these professional tips have mean I'll always achieve perfect results

From the grill to the air fryer and more, these expert-approved methods for cooking steak are everything I need

Homes & Gardens

Ukrainian Drones Spark Fire At Sochi Oil Depot

An Ukrainian drone attack sparked a fire at an oil depot in Sochi, the Russian resort that hosted the 2014 Winter Olympic which is 400 kilometres (250 miles) from the Ukrainian border, authorities said Sunday.

International Business Times

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International Business Times

Eight OPEC+ Countries Raise Production By 547,000 Bpd

Saudi Arabia, Russia and six key members of the OPEC+ alliance said Sunday they will increase production by 547,000 barrels a day in a move which analysts say aims to regain market share amid resilient crude prices.

Euronews

OPEC+ agrees to boost oil production by 547,000 barrels per day from September

Eight OPEC+ countries meeting on Sunday agreed on a bump in oil production for September by 547,000 barrels per day.

The Independent UK

India signals it will keep buying Russian oil despite Trump tariff threat

India says its ties with Moscow were ‘steady and time-tested’ amid threats from Trump

Euronews

Russian missile and drone strikes injure at least 18 across Ukraine

Russian missile strikes on Mykolaiv injured seven people, while Ukraine's air force intercepted 60 drones. Ukrainian forces hit an oil depot in Russia's Sochi.

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news in one place.

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International Business Times

OPEC+ Slated To Increase Oil Output In Bid To Regain Market Share

Saudi Arabia, Russia and six other key members of the OPEC+ alliance are expected to further hike oil production in a meeting Sunday, a move analysts say is aimed at regaining market share amid resilient crude prices.

The Guardian - AU

Ukraine war briefing: Kyiv faces Russian missile attack as both sides trade strikes

Witnesses hear blast shaking city shortly after midnight on Sunday; Ukraine strikes in Russia kill three people, officials say. What we know on day 1,257

Homes & Gardens

This affordable hack deters mosquitoes with a citrus summer scent – here's how to try it in your own home

Plus, it doubles up as a stunning centrepiece for al fresco dinner parties

The Independent UK

India to defy Trump’s threats and keep buying Russian oil, government sources say

India substantially increased its purchase of cheap Russian oil after the Kremlin invaded Ukraine in 2022

Woman & Home

Sienna Miller swapped beach hair for silky waves – and we think this nourishing oil was behind the look

Here's how to get Sienna's smooth, smooth strands...

Benzinga

India Stands Firm on Russian Oil Imports Despite Trump's Sanction Threats

In the face of potential penalties threatened by President Donald Trump, India has affirmed its decision to continue buying cheap oil from Russia. This development surfaces amidst ongoing India-U.S. talks concerning a bilateral trade agreement.

Fortune

Figma IPO's surprise winner is a charity with 13 million shares—and a famous backstory that sparked a bitter feud over a donor's oil fortune

The Marin Community Foundation netted $440 million as the IPO's largest selling shareholder. The philanthropic organization is itself the product of a previous generation of big business—and a famous legal fight for control of the money.

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