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The Latest Breaking News from Oil

Saudi Arabia’s 2034 World Cup stadium plans face delays and cost-cutting

Saudi Arabia’s construction of stadiums for the 2034 World Cup is facing delays owing to a desire from the PIF to scale back costs

The Guardian - UK

‘They took all of our oil and we want it back’: Delusional Donald Trump repeatedly insists the oil under Venezuela is, in fact, his

Hail to the thief!

We Got This Covered

Woodside Energy’s Meg O’Neill, who criticised ‘zealous’ young climate activists, moves to BP

O’Neill tapped to lead global oil and gas giant, which has broken from net zero strategy and will ramp up fossil fuels

The Guardian - AU

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US strike on alleged drug boat in Pacific kills four, as Trump accuses Venezuela of taking ‘our oil’

Hegseth announcement comes day after Trump blockades all sanctioned oil tankers entering and leaving Venezuela

The Guardian - US

BP names Meg O’Neill as new CEO after incumbent ousted

O’Neill, who has led Woodside Energy since 2021, will be oil and gas company’s first female chief executive

The Guardian - UK

Soybeans Close with Weakness on Wednesday

Soybeans posted Wednesday losses of 3 to 4 ½ cents at the close. The cmdtyView national average Cash Bean price was 5 cents lower at $9.87 1/4. Soymeal futures were $4.10 to $5.20 lower, with Soy Oil futures steady to 16 points higher. USDA reported a couple private export sales...

Barchart

Cotton Gets a Wednesday Bounce

Cotton futures closed the Wednesday session with contracts up 20 to 33 points on the day. Crude oil futures were $1.63 per barrel higher at $56.90. The US dollar index was $0.201 higher to $97.995. Spec traders in cotton futures and options were trimming their net short position during the...

Barchart

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Embattled BP replaces CEO, naming Woodside Energy chief as first-ever woman leader of a Big Oil giant

BP’s new American CEO is a global traveler who just helped an Australian energy player grow worldwide.

Fortune

Imprisoned Jeffrey Epstein associate Ghislaine Maxwell seeks release, citing 'new evidence'

Imprisoned former Jeffrey Epstein girlfriend and longtime associate Ghislaine Maxwell is asking a federal judge to set aside her sex trafficking conviction and 20-year prison sentence, saying “substantial new evidence” has emerged to prove constitutional violations spoiled her trial

The Independent UK

Oil tankers divert from Venezuela after Trump threatens ‘total blockade’ of sanctioned ships

Hundreds of ships have been sanctioned, part of a massive shadow fleet of often aging vessels that has proliferated in recent years

The Independent UK

Experts Bust 7 Dangerous Car Myths Drivers Still Believe

Although I’ve been out of the automotive industry (repair shops, anyway) for about five years, there are a number of things I’ve heard people say that just aren’t true. Many folks rely on outdated advice or something their dad always told them. But as technology in your vehicle evolves, so…

Clever Dude

Crude Prices Rise as Global Geopolitical Risks Escalate

January WTI crude oil (CLF26 ) on Wednesday closed up +0.67 (+1.21%), and January RBOB gasoline (RBF26 ) closed up +0.0134 (+0.80%). Crude oil and gasoline prices rose on Wednesday amid heightened geopolitical risks in Venezuela and Russia. President Trump ordered a blockade of sanctioned tankers off Venezuela, and the...

Barchart

A U.S. oil blockade on Venezuela could ‘devastate’ its economy and further pressure Maduro. But how far is Trump willing to take it?

Questions abound about whether the White House will add new sanctions to oil tankers trekking to Venezuela and how broad the oil blockade will become.

Fortune

Federal judge blocks Whitmer from shutting down submerged Great Lakes pipeline

A federal judge has blocked Michigan Gov. Gretchen Whitmer from revoking an easement that allows Enbridge to run an oil pipeline through a Great Lakes channel

The Independent UK

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Latin Times

Trump Admin Sanctions Yet Another Cartel And Its Leader, Now For Oil Theft

The Trump administration on Wednesday imposed sanctions on the "Cartel de Santa Rosa de Lima" (CSRL) after determining that the criminal organization was stealing fuel and crude oil from Mexico's state-owned oil company Pemex.

The Independent UK

The oil blockade threat creates anxiety in Venezuela but people stick to their daily lives

U.S. President Donald Trump has announced a blockade on sanctioned oil tankers entering and leaving Venezuela

Barchart

Soybeans Bouncing Off Midweek Lows

Soybeans are trading with contracts down 1 to 2 1/2 cents on Wednesday, with futures bouncing off the early session lows. The cmdtyView national average Cash Bean price is 2 ¾ cents lower at $9.89 1/4. Soymeal futures are $3.30 lower, with Soy Oil futures steady at midday. USDA reported...

Latin Times

Stephen Miller Echoes Trump on Venezuela, Calls Country's Oil Nationalization 'Largest Recorded Theft of American Wealth'

Stephen Miller, president Trump's White House Deputy Chief of Staff, endorsed the president's claims that Venezuela's oil nationalization constituted a massive theft from the United States.

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Evening Standard

Stocks rise as inflation dips and oil price rebounds

The headline Consumer Prices Index rose 3.2% year-on-year in November, slowing from 3.6% in October.

International Business Times

RWA Tokenization Will Reinvigorate DeFi In 2026

RWA tokenization is injecting fresh liquidity into DeFi, transforming idle capital and bridging traditional assets with onchain finance in 2026.

Pro Game Guides

Wartales Curse of Rigel DLC Guide – Best Tips, POIs & More

The Curse of Rigel DLC is the latest Wartales expansion, which added a new county, Weald exploration, transformation-based units, and various long-form

Grocery Coupon Guide

7 Grocery Store Finds That Make Impressive Last-Minute Christmas Gifts

The grocery store is rarely the first place that comes to mind when you think of holiday gift shopping. However, amidst the frozen peas and paper towels, everyday supermarkets hide distinct pockets of luxury. For the food lover in your life, a thoughtfully curated bundle of high-quality ingredients is often…

Barchart

Rising Global Geopolitical Tensions Lift Crude Prices

January WTI crude oil (CLF26 ) today is up +0.76 (+1.38%), and January RBOB gasoline (RBF26 ) is up +0.0166 (+0.99%). Crude oil and gasoline prices are rising today amid heightened geopolitical risks in Venezuela and Russia. President Trump ordered a blockade of sanctioned tankers off Venezuela, and the US...

The Guardian - US

Sheinbaum urges UN to ‘prevent bloodshed’ after Trump orders Venezuela blockade

Mexican leader warns of conflict as US president targets sanctioned oil tankers entering and leaving Venezuela

Evening Standard

Reeves’s rejection of North Sea job cuts claim a ‘new low’, say Flynn

The Chancellor said she does not believe 1,000 jobs are being lost every month in the oil and gas sector.

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