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The Latest Breaking News from Oil

Russia Invokes Nuclear Doctrine in Response to US-UK Seizure of Sanctioned Venezuelan Oil Tanker

Russia invokes its nuclear doctrine after US-UK forces seize Venezuelan tanker Marinera, as hardliners push for retaliation, raising global tensions amid sanctions.

International Business Times UK

‘Not a good deal’: Trump upends world order for ‘tar-like sludge’ while China makes off with the riches

Mister "Art of the Deal" left the U.S. behind.

We Got This Covered

Cotton Kicking off Thursday with Weakness

Cotton price action is down 15 to 26 points early on Thursday. Futures are in retreat mode from the early session gains, as contracts are up 3 to 5 points at midday. Crude oil futures were back down 76 cents per barrel at $56.40. The US dollar index was up...

Barchart

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Soybeans Slipping Back on Thursday Morning

Soybeans are down 1 to 2 cents to start the Thursday session. Futures were in rally mode on Wednesday, with contracts closing 10 to 11 cents higher in the front months. Open interest was up 4,067 contracts. The cmdtyView national average Cash Bean price was 11 1/2 cents higher at...

Barchart

Chevron Eyes Bigger Role in Venezuelan Oil After Talks With US Officials

Chevron is negotiating with the U.S. to expand its Venezuelan oil license and increase crude exports amid ongoing sanctions and talks.

International Business Times

Trump approves major sanctions bill that could threaten 500% tariff on India

Washington claims India’s import of discounted Russian crude is helping fund Moscow’s war effort

The Independent UK

Greenland is rich in natural resources – a geologist explains why

Greenland, the largest island on Earth, possesses some of the richest stores of natural resources anywhere in the world.

The Conversation

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World War 3 Fears: Kremlin Demands Firm Response As UK Spy Planes Help Seize Vessel

Kremlin hawks demand nuclear retaliation after UK and US seize Russian oil tanker, escalating World War 3 fears as Putin unleashes brutal attacks on Ukrainian infrastructure.

International Business Times UK

Shell drops after decline in energy trading division

Shares in the company dipped as it also pointed towards a loss in its troubles chemicals and products division.

Evening Standard

JD Vance predicts the Democrats’ ‘dumbest candidate’ will be its 2028 presidential nominee

JD Vance bragged that Venezuela is under US control because South America is in the United States’ ‘neighborhood’

The Independent UK

So, you got an aromatherapy set for Christmas — here’s how to use essential oils and candles in your sleep routine

An aromatherapist explains how to use those unwanted essential oils and candles to fall asleep fast.

Tom’s Guide

First Thing: Woman in Minnesota, 37, shot and killed by ICE agent during raid, video shows

Mayor says ICE claims incident was self-defense are not true and urged ICE to leave Minneapolis. Plus, Trump pulls US out of 66 international bodies

The Guardian - UK

Trump plans to use Venezuela’s huge crude reserves ‘to cut US oil price to $50 a barrel’

President reportedly hopes falling price will cut domestic consumer energy bills

The Guardian - UK

US plans to 'dictate' Venezuelan oil sales amid further tanker seizures

Washington announced its control over Venezuela's oil sales after capturing two tankers transporting sanctioned crude and capturing Nicolás Maduro.

Euronews

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The Independent UK

China threatens to deal ‘head-on blow’ to Taiwan amid fears Trump’s Venezuela raid will embolden Beijing

Beijing insists its claims on Taiwan are nothing like Donald Trump’s move to seize power and oil in Caracas, even as experts note the two superpowers use remarkably similar language

Fortune

The U.S. naval blockade of Venezuela has cost $700 million already—and is rising by $9 million daily

Trump is urging U.S. oil companies to return to Venezuela but question marks remain with instability, high costs, and weak oil prices.

Radio France Internationale

UK armed forces helped US mission to seize Russian tanker, MoD says

British armed forces provided support to the United States in its operation to seize a Russian-flagged oil tanker in the North Atlantic on Wednesday, the Ministry of Defence (MoD) has confirmed.

The Guardian - UK

Don’t dignify Trump with talk of a ‘new world order’ – there’s nothing new or ordered about this chaos

The US president’s grotesque theatrics on the world stage are an opportunistic distraction from his falling domestic ratings, says Guardian columnist Aditya Chakrabortty

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The Independent UK

EU still pouring billions into Russian gas economy despite war in Ukraine, analysis shows

EU purchases from an oil project in Siberia netted billions in revenue for the Kremlin last year

The Independent UK

Asian shares are mixed after Wall Street's strong start to the year cools

Asian shares are mixed after Wall Street's strong start to the year cooled

The Guardian - UK

Venezuela cooperating fully and US will control its oil for years, Trump claims

US president says Delcy Rodríguez’s interim administration is doing ‘everything that we feel is necessary’

The Independent UK

Ukraine-Russia war latest: Kyiv and Lviv struck by drones and missiles after Zelensky warns of ‘massive’ attack

Russia fires suspected hypersonic missile at critical infrastructure in Lviv after Zelensky accuses Putin of weaponising winter

Homes & Gardens

Stop Buying Cheap Suet Balls for Your Bird Feeder – Here’s What They’re Really Made of, and What You Should Look For Instead

They may be affordable, but the cheapest suet balls can contain harmful ingredients

The Guardian - US

Trump news at a glance: A tale of two tankers (seized by US)

Operations mark latest demonstration of brazen US military power and reach

The Independent UK

What to know about the latest tensions in Yemen and parties involved

Yemen is threatening to fracture even further, exposing a growing rift between Middle East powers Saudi Arabia and the United Arab Emirates

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