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The Latest Breaking News from Oil

landmark inquiry into death of oil rig worker with Covid

Donald Singer was removed from the platform by helicopter after his Covid symptoms worsened

The Independent UK

Inquiry into death of worker with Covid to consider safety measures on oil rig

Donald Singer, 66, died in hospital a month after being airlifted from the Ninian Southern Platform off Shetland in April 2020.

Evening Standard

‘Soil is more important than oil’: inside the perennial grain revolution

Scientists in Kansas believe Kernza could cut emissions, restore degraded soils and reshape the future of agriculture

The Guardian - UK

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Nobel winner Machado snuck through 10 checkpoints in Venezuela in a wig to reach Norway in daring three-day journey

The exiled Venezuelan opposition leader crossed the Caribbean Sea in a fishing boat before being escorted to Norway in a US plane

The Independent UK

Did Donald Trump order piracy on the high seas?

This newsletter was first published in The Conversation UK’s World Affairs Briefing email. Sign up to receive weekly analysis of the latest developments in international relations, direct to your inbox.

The Conversation

Shea McGee's Pork Tenderloin Recipe Calls for a Surprising Ingredient – and I'm Considering Serving it on Christmas Day

It's official: I'm ditching a traditional Christmas main for Shea McGee's pork tenderloin dish

Homes & Gardens

Why is Trump going after Venezuela? His administration has so far floated these three reasons for its pressure campaign

Trump has claimed Maduro allowed ‘millions’ of Venezuelans into the U.S.

The Independent UK

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Ukraine-Russia war latest: EU agrees indefinite freeze on €210bn of Russian assets

Ukraine’s ambassador to Washington insisted the meeting ‘only covered national security related issues’

The Independent UK

Black-market oil buyers will push Venezuela for bigger discounts following US seizure – starving Maduro of much-needed revenue

The U.S. seizure of an oil tanker off the Venezuelan coast looks designed to further squeeze the economy of President Nicolás Maduro’s country.

The Conversation

U.S. Lawmakers Condemn Trump's Seizure of Venezuelan Oil Tanker: 'Sleepwalking Us Into a War'

Senior Democratic lawmakers — and at least one Republican — criticized President Donald Trump on after U.S. forces seized a Venezuelan oil tanker off the country's coast

Latin Times

Soybeans End Thursday on a Slightly Higher Note

Soybeans saw slight gains of 1 to 2 1/4 cents in the nearbys on Thursday. The cmdtyView national average Cash Bean price was 1 3/4 cents higher at $10.22 1/2. Soymeal futures were up 30 to 90 cents, with Soy Oil futures 23 to 29 points lower. USDA reported private...

Barchart

Cotton Pulls Back on Thursday

Cotton futures faced some light Thursday pressure, with contracts down 8 to 12 points at the close. Crude oil futures are down 54 cents per barrel at $57.92, with the US dollar index $0.373 lower to $98.395. Export Sales data was released this morning for the week of 11/13 showing...

Barchart

Lawsuit challenges the approval of an exploratory drilling program in Alaska petroleum reserve

A new lawsuit seeks to overturn the recent approval of an exploratory drilling program in the National Petroleum Reserve-Alaska

The Independent UK

US seizure of rogue oil tanker off Venezuela signals new crackdown on shadow fleet

The recent seizure of an oil tanker known as Skipper by the U.S. off the coast of Venezuela marks a dramatic escalation of President Donald Trump’s campaign to choke off Venezuelan leader Nicolás Maduro’s access to oil revenues

The Independent UK

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Barchart

Crude Oil Prices Pressured on Signs of Abundant Global Supplies

January WTI crude oil (CLF26 ) on Thursday closed down -0.78 (-1.34%), and January RBOB gasoline (RBF26 ) closed down -0.0232 (-1.15%). Crude oil and gasoline retreated on Thursday, with crude posting a 7-week low and gasoline slumping to a 4.75-year nearest-futures low. Concerns about a global oil glut continue...

Latin Times

U.S. Reportedly Set To Seize More Tankers Off Venezuelan Coast And Has a Target List

The Trump administration is set to continue seizing oil tankers off the Venezuelan coast and has assembled a list of targets to carry out the policy, according to a new report.

Barchart

Sugar Prices Fall as Crude Oil Slumps

March NY world sugar #11 (SBH26 ) on Thursday closed down -0.06 (-0.40%), and March London ICE white sugar #5 (SWH26 ) closed down -1.90 (-0.45%). Sugar prices gave up early gains on Thursday and turned lower after crude oil prices plunged. WTI crude (CLF26 ) tumbled to a 7-week...

The Guardian - US

Trump expands Venezuela sanctions as Maduro decries new ‘era of piracy’

Six more oil supertankers added to sanctions list, as well as members of Maduro’s extended family, amid rising tensions following tanker seizure

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The Independent UK

Noem links the seizure of an oil tanker off Venezuela to US antidrug efforts

Homeland Security Secretary Kristi Noem has linked the seizure of an oil tanker off the coast of Venezuela to the Trump administration's counterdrug efforts

Barchart

Cotton Trading with Slight Thursday Midday Losses

Cotton futures are down 7 to 12 points across most front months at Thursday’s midday. Crude oil futures are down $1.15 per barrel at $57.32, with the US dollar index $0.568 lower to $98.200. Export Sales data was released this morning for the week of 11/13 showed cotton bookings at...

Barchart

Soybeans Showing Slight Gains on Thursday

Soybeans are up 1 to 3 cents at Thursday’s midday. The cmdtyView national average Cash Bean price is 2 ¼ cents higher at $10.23. Soymeal futures are up $1.50, with Soy Oil futures 30 to 38 points lower. There were 4 deliveries issued against December soybean oil on Wednesday. USDA...

Axios

Scoop: Trump sanctions Maduro's nephews, 6 ships carrying Venezuela oil

It's the latest turn in President Trump's pressure campaign on Maduro, whom the administration has accused of leading a narco-trafficking terrorist organization.

Latin Times

British Politician Jeremy Corbyn Agrees With Venezuela, Claims U.S. Seizure Of Tanker Near Its Coast Is An 'Act Of Piracy'

British politician Jeremy Corbyn agreed with Venezuela's claim that the seizure of an oil tanker off its coast by U.S. forces constituted an "act of piracy" and it is "wholly illegal within international law."

The Conversation

What does international law tell us about the US seizure of an oil tanker off the coast of Venezuela?

“We’ve just seized a tanker on the coast of Venezuela – a large tanker, very large, the largest one ever seized actually,” said Donald Trump on December 10. In a dramatic operation, US forces had just taken over an oil tanker called Skipper, which was sanctioned by the US in…

Barchart

Sugar Prices Weighed Down by Weakness in Crude Oil

March NY world sugar #11 (SBH26 ) today is down -0.01 (-0.07%), and March London ICE white sugar #5 (SWH26 ) is down -0.80 (-0.19%). Sugar prices gave up early gains today and turned lower after crude oil prices plunged. WTI crude (CLF26 ) tumbled more than -2% today to...

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