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Oil gains for 4th-straight week on US sanctions
Oil prices dip but post 4th straight weekly gain on US sanctions
Oil prices settled lower on Friday but notched their fourth straight weekly gain, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions.
Oil prices score a 4th straight weekly gain on supply fears
Oil futures settled lower on Friday, but scored a fourth straight week of gains after wider sanctions against Russia’s energy industry tightened supply.
Oil prices rise for fourth week amid supply concerns and policy uncertainty
Supply concerns and uncertainty over energy policies from the incoming president boosted oil prices this week for a fourth consecutive week. West Texas Intermediate rose only two trading days on the New York Mercantile Exchange but briefly touched the $80 barrier Wednesday.
Russia, Ukraine and oil depots
Ukraine strikes oil depots in Russia
Ukraine on Saturday said it launched a pair of attacks on oil depots in western Russia, the latest salvo in Kyiv’s air campaign against strategic targets on Russian soil. According to Kyiv’s General Staff,
Ukraine hits 2 oil depots in Russia overnight
Ukrainian forces attacked oil depots in Russia's Tula and Kaluga oblasts overnight on Jan. 18, according to the General Staff and a Kyiv Independent's source in Ukraine's military intelligence (HUR).
Ukraine's strikes on Russian oil depots shift frontline tactics: Center for Countering Disinformation
Ukraine's strikes on Russian oil depots are already yielding results, as Russia now relies more on infantry in its frontline offensives, states Andriy Kovalenko, head of the Center for Countering Disinformation (CCD) on Telegram.
14h
on MSN
Libya needs $3-4 billion to boost oil production, bidding round expected soon, oil minister says
Libya needs between $3 billion and $4 billion to reach an oil production rate of 1.6 million barrels per day (bpd), the ...
11h
India Ups Efforts To Seek Alternatives To Russian Oil
Following Russia's invasion of Ukraine in 2022, India became a major buyer of Russian crude oil that was widely sanctioned by ...
Crude Oil Prices
1d
Is $80 Oil Here to Stay?
Despite the risk of a correction, the combination of U.S. sanctions, inventory draws, and cautious OPEC+ policies supports a ...
1d
US drillers cut oil and gas rigs to lowest since Dec 2021, Baker Hughes says
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest ...
3d
2025 U.S. Oil Outlook: Don’t Count On A ‘Drill Baby Drill’ Mentality
Administrations can only do so much when it comes to global supply and demand dynamics, and there is probably going to be ...
2d
on MSN
Oil giant BP axing thousands of jobs
The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also ...
Crude Oil Prices
3d
Can This Huge Oil Discovery Revive The Bakken Oil Boom?
U.S. shale can still surprise with undiscovered resources, even as more and more reports emerge suggesting that prime acreage ...
2d
Biden makes last-minute bid to thwart Arctic oil drilling
The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum ...
2d
on MSN
Big Oil celebrates the return of Trump. Clean energy braces for trouble
Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape.
3d
on MSN
U.S. Crude Oil Stockpiles Extend Decline
U.S. crude oil inventories fell for an eighth consecutive week amid declines in imports and domestic production, while ...
4d
Why Oil Industry Jobs Are Down, Even With Production Up
The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as ...
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