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Russia, Oil
Oil prices rally as fresh U.S. sanctions on Russia threaten global supplies
Oil futures ended sharply higher on Friday, as fresh U.S. sanctions on Russia’s oil sector looked to threaten global supplies and as winter storms in the U.S. were expected to boost demand for heating fuels.
Oil prices rally 3% as US hits Russian oil with tougher sanctions
Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue.
Oil jumps 4%, Brent breaks $80 as traders worry about tougher Russia sanctions
Oil prices jumped more than 4% on Friday, with global benchmark Brent breaking $80 per barrel for the first time since October on fears that tougher U.S. sanctions on Russia will disrupt crude supplies.
Shell Starts Oil Output at New Gulf of Mexico Field
Shell Starts Oil Output at New Gulf of Mexico Field With Chevron
Shell Plc began production at its ‘Whale’ floating facility in the Gulf of Mexico, which is expected to reach daily peak production of 100,000 barrels of oil equivalent.
Shell begins oil production at floating Gulf of Mexico facility
The new Whale development is up and running following President Joe Biden’s drilling ban along much of the U.S. coastline.
Chevron bolsters US Gulf of Mexico production with whale facility startup
Chevron Corp. has announced the start of oil production from the Whale semi-submersible platform in the deepwater US Gulf of Mexico. Chevron USA Inc., a wholly owned subsidiary of Chevron Corporation,
2h
Why Has Oil Hit A 3-Month High With Brent Touching $80
On Friday, crude oil futures rose to price levels last seen in October 2024. What are the reasons behind the uptick in prices ...
5h
on MSN
Geopolitical Concerns Have Oil Prices Back at October Levels
Oil prices rose Friday morning, touching prices last seen in the fall, as traders digested the possibility of further U.S.
8h
U.S. Oil Production Will Disappoint Again In 2025
One of the biggest misconceptions in the oil market is the perceived growth in non-OPEC+ oil supplies moving forward, ...
1d
on MSN
Oil futures end higher, with Brent turning up for the week
Oil futures gained on Thursday, with global benchmark prices turning higher for the week and buoyed by optimism over the ...
3h
on MSN
Russian 'Shadow Fleet' Tanker With 99,000 Tons of Oil Adrift in NATO Seas
German authorities told Newsweek that a towing connection to the ship had been established, and that the 24-strong crew was safe.
1d
Putin Says More Needs to Be Done to Clean up Black Sea Oil Spill
Russian President Vladimir Putin said on Thursday that more needed to be done to clean up an oil spill in the Black Sea, ...
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