Crude oil spikes most in three months as new Russia oil sanctions 'taken more seriously'
Oil prices surge to three-month highs as U.S. broadens sanctions on Russian oil and winter weather lifts demand for heating fuels.
Zelenskiy: Sanctions on Russian Oil Significantly Affect Moscow's War Financing
Zelenskiy, writing later on X, expressed thanks for British sanctions imposed on Russian oil companies, saying that London "delivers yet another significant disruption to (Russian
Sweeping new U.S. sanctions target Russia's oil production and exports
The U.S. Departments of Treasury and State Friday applied new sanctions on Russia's oil production and exports. Sanctioned were oil companies, 183 ships, dozens of oil traders, insurance companies and energy officials.
Fresh U.S. sanctions show 'crackdown' on Russia's oil exports
Fresh U.S. sanctions on Russia’s oil sector looked to threaten global supplies, lifting prices for both U.S. and global benchmark crude sharply on Friday. The [U.S. Department of Treas
US to Impose Sanctions on Russian Oil Fleet, Document Shows
The United States will impose some of the harshest sanctions yet on Russia's oil industry, according to a purported U.S. Treasury document circulating among traders in Europe and Asia that drove global oil prices 3% higher on Friday.
Oil prices jump as U.S. imposes sweeping sanctions against Russia oil industry
The U.S. Treasury Department is sanctioning Russian oil companies, tankers, officials and executives. Oil prices jumped on worries that crude supplies would face disruptions. Oil prices jumped more than 3% on Friday as the U.
Crude Finishes Sharply Higher as the US Expands Sanctions on Russian Oil
Friday closed up +2.65 (+3.58%), and February RBOB gasoline (RBG25) closed up +0.0466 (+2.30%). Crude and gasoline prices Friday settled sharply higher, with crude posting a 3-month high and gasoline posting a 2-3/4 month high.
Why Oil Has 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 ...
Oil rises on tighter OPEC supply, US jobs data
Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while data showing an unexpected increase in ...
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Opec-Plus Oil Output Retreats in December
Opec-plus’ crude average production averaged 40.81 million b/d, a decline of 1.18 million b/d compared with 2023.
Oil Averaging $65 in ‘25 to Keep OPEC+ Under Pressure, BofA Says
International benchmark Brent crude will average $65 a barrel this year as new oil production from non-OPEC countries ...
Oil trims gains on dollar strength, tight supplies provide support
Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of ...
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Standard Chartered: U.S. Oil Production Growth To Decline In 2025
Standard Chartered: the slowdown in U.S. oil production growth is set to continue in 2025 and 2026. Standard Chartered: the U ...
OPEC Output Dips in December as UAE Improves Delivery of Cuts
OPEC’s crude production dipped last month as the United Arab Emirates stepped up implementation of supply cutbacks aimed at ...
Oil prices surge as OPEC supply drops, US crude stocks decline
Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while U.S. crude oil stocks fell last week, ...
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Russia Claims Compliance With OPEC+ Oil Output Cuts in December
Russia's crude oil production fell below its OPEC+ quota in December, raising concerns about its ability to meet future ...
Why China is likely to import less crude from Saudi Arabia in February?
China may import less crude oil from Saudi Arabia on a month-on-month basis in February after the Kingdom hikes prices for ...
Oil prices down on US fuel stocks build, dollar strength
Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured ...
Oil News: Can China’s Stimulus Offset Oversupply and Dollar Strength Risks?
Crude oil surges 4.76% to $73.96 as China’s stimulus measures and cold weather boost demand. Analysts eye further gains ...