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The Latest Breaking News from Oil

BP signals more cost cuts on way after fall in profits

Oil and gas company says it will review its portfolio and push to sell off assets faster

The Guardian - UK

BP accelerates overhaul with higher asset sale target as profits beat forecasts

The oil giant reported third quarter underlying replacement cost profits of 2.21 billion US dollars (£1.68 billion), down 3% on a year earlier.

Evening Standard

Saudi Aramco reports $26.9B profit in third quarter, down slightly over lower oil prices

Saudi oil giant Aramco is reporting a $26.9 billion profit in the third quarter, down slightly from last year as global energy prices remain depressed over concerns of too much oil being on the market

The Independent UK

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How to bring restaurant-level comfort food home, according to a chef

Crisp schnitzel, silky bisque gnocchi and golden latkes – ex-Camille chef Jemma Harrison’s take on nostalgic comfort food proves restaurant-level cooking can still feel like home

The Independent UK

Trump's 'Drill Baby Drill' Delivers Record US Oil Production At 13.6 Million Barrels Per Day: 'There Will Be New Records Set,' Says Doug Burgum

Doug Burgum, the Secretary of the Interior, highlighted America's renewed energy dominance under President Donald Trump, amid record-breaking output and surging LNG exports.

Benzinga

Cotton Closes with Gains on Monday

Cotton futures pulled out strength on Monday, with contracts up 12 to 15 points in the nearbys. Crude oil futures were up 4 cents/barrel to $61.02, with the US dollar index back up $0.075 to $99.705. The October 31 online auction from The Seam showed 1,219 bales sold with an...

Barchart

Trump administration considers revoking ban on oil and gas development near Chaco historical park

The Trump administration is initiating formal meetings with Native American tribes in the southwestern U.S. as it considers revoking a 20-year ban of oil and gas development across of hundreds of square miles of federal land surrounding Chaco Culture National Historical Park

The Independent UK

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Cotton Sneaking Out Midday Gains

Cotton price action is showing slight 2 to 5 point midday gains on Monday. Crude oil futures are up 31 cents/barrel to $61.29, with the US dollar index back up $0.015 to $99.645. The October 31 online auction from The Seam showed 1,219 bales sold with an average price of...

Barchart

Stocks struggle despite manufacturing improvement

UK manufacturing output expanded for the first time in a year in October, according to a survey.

Evening Standard

Crude Prices Move Higher as OPEC+ Pauses Production Hikes for Q1-2026

December WTI crude oil (CLZ25 ) today is up +0.35 (+0.57%), and December RBOB gasoline (RBZ25 ) is up +0.0189 (+0.99%). Crude oil prices have support today after OPEC+ on Sunday announced the expected December production hike, but then said production hikes will be halted in Q1. Crude oil prices...

Barchart

Away from Brazil’s ‘forest’ Cop30 – the fate of the Congo Rainforest hangs in the balance

IN FOCUS: The Democratic Republic of Congo government has opened bids for oil and gas drilling across huge swathes of the country, raising fears that the world’s last great rainforest carbon sink could be destroyed, Nick Ferris reports

The Independent UK

Ukraine gets more Patriot air defence systems from Germany to counter Russian attacks

Volodymyr Zelenskyy has pleaded with Western partners to provide more Patriot systems but production limitations and the need to maintain stockpiles have slowed their delivery.

Euronews

Someone Finally Invented 32 Things To Solve The Dumbest Problems We All Have

Life is full of tiny, dumb problems, but thankfully, there are genius solutions like these.

Bored Panda

Man drops car off at Walmart for a routine oil change. What the tech ‘accidentally’ did next goes horribly wrong

When "oops, wrong plug" could cost you thousands.

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Fortune

SM Energy is acquiring Civitas in $13 billion oil and gas merger of near equals in the Permian Basin

The merger is the biggest oil and gas deal in months as the U.S. industry continues to consolidate.

Barchart

Commodity Roundup- October’s Top Performers and Underperformers

The dollar index and long-term bonds were higher in October, providing mixed signals for the commodities asset class. Gold and silver prices reached new record highs before correcting, as even the most aggressive bull markets rarely move in straight lines.

GOBankingRates

6 Affordable Hacks To Winterize Your Home in 2025, According to Experts

GOBankingRates spoke with two home experts to learn about affordable winterization tips. Keep reading to find out what they had to say.

Barchart

Cotton Slipping Back on Monday Morning

Cotton price action is down 4 to 18 points on Monday morning. Futures were up 4 to 42 points to close the Friday session, as December was up 134 on the week. Crude oil futures were back up 30 cents/barrel to $60.87, with the US dollar index back up $0.197...

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Roll Call

Congress leads reversal of land use rules amid BLM director questions - Roll Call

Amid questions about authority of acting Bureau of Land Management director, Congress is rescinding agency land use rules.

Euronews

European markets rise, oil prices jump on OPEC+ decision

Key European stock indexes started the week with gains, boosted by the oil sector and expectations for a range of corporate earnings this week.

The Independent UK

Abu Dhabi hosts oil summit as OPEC+ halts production hikes planned for first quarter of 2026

Abu Dhabi has opened a major oil summit with optimism about rising energy prices

The Guardian - UK

UK factories return to growth after JLR restarts operations; US manufacturing exports hit by tariffs – as it happened

Rolling coverage of the latest economic and financial news, as Opec+ pauses oil output hikes beyond December amid fears of a crude glut

The Independent UK

Toasties, sandos, croques and Reubens: These are the best ever sandwich recipes

NATIONAL SANDWICH DAY: Whether you like yours oozing with cheese, fried to perfection or stacked sky-high, this National Sandwich Day Hannah Twiggs rounds up the ultimate recipes to honour the humble sandwich in all its glorious, handheld forms

Euronews

Built in the shadows, launched at night: Ukraine's long-range drone strikes on Russian refineries

Built from parts made in a scattered network of workshops, Ukraine's domestically-produced drones now fly much further than at any point in the war.

The Guardian - AU

Westpac says Labor’s expanded first home buyers scheme saw 150% jump in loan applications

Big bank also reveals it has ceased corporate lending to thermal coalmines, but it still funds oil and gas extraction businesses

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