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The Latest Breaking News from Oil

Big oil takes one look at Donald Trump’s promised $100B Venezuela oil boom and calls it ‘uninvestible’

Our president did his best to keep them distracted from the truth. But oh well.

We Got This Covered

Here’s How Trump’s Mission in Venezuela Could Impact Retirees

President Trump's mission in Venezuela will have major ramifications that it will affect retirees since the move is projected to boost the oil supply.

GOBankingRates

‘I guess that’s on you’: Transmission specialist reveals why skipping a $600 service could cost you thousands later

His uncle learned a $600 lesson the hard way.

We Got This Covered

From analysis to the latest developments in health,
read the most diverse news in one place.

Ukraine’s drones set fire to Russian oil depot after Putin’s Oreshnik missile attack

Ukraine's long-range drone strikes on energy sites aim to deprive Moscow of the oil export revenue it needs to pursue its invasion

The Independent UK

Ukrainian drones set fire to Russian oil depot after Moscow launches new hypersonic missile

A Ukrainian drone strike has sparked a fire at an oil depot in Russia's Volgograd region, according to regional authorities

The Independent UK

MarketBeat Week in Review – 01/05 - 01/09

Stocks had another good week despite a mixed jobs picture; investors will get the latest reading on inflation as another earnings season kicks off next week

MarketBeat

Oil Entrepreneur Harry Sargeant Emerges as Key Figure in U.S. Talks on Venezuela Energy: Report

Oil entrepreneur and Republican donor Harry Sargeant III has emerged as a central figure advising the Trump administration on how to facilitate the return of oil companies to Venezuela.

Latin Times

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What's on the economic horizon: The Standard's Business Editor Jonathan Prynn on the year ahead

A survey of finance chiefs from accounting firm Deloitte found “geopolitical risk” ranked the number one concern among major UK businesses

Evening Standard

A battered Cuba braces for aftershocks as US seizures of oil tankers linked to Venezuela surge

As U.S. seizures of oil tankers linked to Venezuela surge, so do concerns in Cuba about whether the island’s government and economy will survive

The Independent UK

Trump news at a glance: president pitches oil companies on major extractions in Venezuela

‘We’re going to be extracting numbers in terms of oil like few people have seen,’ Trump said Friday

The Guardian - US

Colombia's Petro Says U.S. Will 'Seek Wars' as Long as Its Economy Depends on Oil and Coal

Colombian President Gustavo Petro said the United States will continue to pursue military conflicts abroad as long as its economy remains heavily dependent on fossil fuels.

Latin Times

Trump pushes for $100 billion in oil investments in Venezuela while Exxon and others say it’s currently ‘uninvestable’ without major reforms

Oil giants tell Trump they need stability and considerable legal and political reforms before investing big in Venezuela.

Fortune

Trump blindsides Rubio by reading note out loud in front of oil executives

Donald Trump appeared to blindside Marco Rubio as he read a note aloud from the Secretary of State during a televised sit-down with oil industry executives on Friday (9 January).

The Independent UK

Cotton Closes Friday with Slight Weakness

Cotton futures rounded out the Friday session with contracts steady to 5 points lower, as March was 40 points higher this week. Crude oil futures were back up $1.02 per barrel at $58.78. The US dollar index was up $0.212 at $98.900. USDA’s Export Sales now has upland cotton export...

Barchart

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The Guardian - US

Trump ramps up Greenland threats and says US will intervene ‘whether they like it or not’

US president doubles down on threats to acquire territory at White House meeting with oil and gas executives

Clever Dude

8 Small Car Issues That Turn Into Four-Figure Repairs When Ignored

The decade-plus I worked in mechanic shops taught me a lot about the way cars work. You might think a problem is small, but most issues do start out that way. If you shrug these things off, they can wind up becoming costly repairs. Depending on the vehicle you own, you…

Axios

U.S. oil giants tell Trump they're noncommittal on Venezuela

Exxon CEO Darren Woods said Venezuela is currently "uninvestable" without "significant changes" to commercial frameworks and legal system.

The Guardian - US

Trump promises oil companies ‘total safety’ in Venezuela as he urges them to invest billions

Country is ‘uninvestable’ today, president told, but CEOs signal they are ready to spend with support

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International Business Times UK

Trump's Greenland Play: Oil and Minerals the Real Prize for Bezos and Gates?

Trump's renewed focus on Greenland raises questions over oil and mineral wealth, with critics pointing to investor interests linked to Bezos and Gates as Arctic resources gain value.

The Independent UK

Drivers kick off 2026 with lowest gas prices in nearly five years

“Crude oil prices remain relatively unchanged from the end of 2025 and unaffected amid questions about Venezuela’s impact on the oil market,” AAA said

Fortune

'What we call corruption': Harvard economist and former Venezuelan minister says Trump’s oil profit motives have no place in Venezuela's future

Ricardo Hausmann argued stable, democratic leadership in Venezuela can lead it back to economic prosperity.

Barchart

Crude Oil Settles Sharply Higher as Iranian Protests Escalate

February WTI crude oil (CLG26 ) on Friday closed up +1.36 (+2.35%), and February RBOB gasoline (RBG26 ) closed up +0.0203 (+1.15%). Crude oil and gasoline prices rallied on Friday, posting 1-month highs. Rising tensions in Iran, the fourth-largest producer in OPEC, are supporting crude prices as protests against the...

Barchart

Cotton Slipping Lower on Friday

Cotton futures are trading with 5 to 10 point losses at midday. Crude oil futures are back up $1.42 per barrel at $59.18. The US dollar index is up $0.232 at $98.920. USDA’s Export Sales now has upland cotton export commitments at 6.598 million RB, which is down 15% from...

Barchart

Soybeans Trading with Gains at Midday

Soybeans are trading with 2 to 5 ¾ cent gains at midday. The cmdtyView national average Cash Bean price is 3 cents higher at $9.91. Soymeal futures are up 30 cents to $1.20 on Friday, with Soy Oil futures 30 to 40 points higher on the day. There were another...

Latin Times

Some Sanctioned Vessels Seized By The U.S. Are In Such Poor Condition That They Can't Enter U.S. Ports: Report: 'Beyond Substandard'

Some sanctioned oil tankers seized by Washington forces as part of its blockade of Venezuela are in such poor condition that they can't enter the U.S., according to a new report.

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