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Oil set for 4th week of gains
Oil set for fourth week of gains as investors assess US sanctions impact
Oil prices rose on Friday, on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade heightened expectations for oil supply disruptions.
Oil prices on track for fourth straight weekly gain on supply fears
Oil futures were slightly lower early Friday, but on track for a fourth straight week of gains after wider sanctions against Russia’s energy industry tightened supply.
Oil Headed for Weekly Gains on Supply Disruption Fears
Oil was on track for weekly gains of more than 2%, boosted by supply disruption concerns following the latest U.S. sanctions against Russia, with the market now looking ahead to Trump’s White House return for more clarity on trade tariffs and potential sanctions on Iran and Venezuela.
Oil up, heads for 4th weekly gain as U.S. sanctions hit supply
Oil prices rose on Friday and headed towards a fourth consecutive weekly gain as the latest U.S. sanctions on Russian energy trade hit supply and pushed up spot trade prices and shipping rates. Brent crude futures rose 44 cents,
Trump Team Readies Oil Sanctions Plan for Russia Deal
Russian oil tankers still under construction included in U.S. sanctions
Six Russian oil tankers still under construction by Russia's Zvezda shipyard were included in U.S. sanctions imposed last week, the first time Washington is known to have banned tankers before they even set sail,
Donald Trump’s Treasury pick stresses need for tougher sanctions on Russian oil
The comments on Thursday by Donald Trump’s nominee to be Treasury secretary pushed up oil prices, as traders considered the prospect of tighter global crude supply. The new administration is also expected to target Iranian and Venezuelan oil with tougher sanctions as Trump seeks to increase economic pressure on the US’s adversaries.
Trump Team Readies Oil Sanctions Plan for Russia Deal, Iran Squeeze
Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months while at the same time squeezing Iran and Venezuela,
2d
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 ...
7h
Exclusive: Russia's 2024 seaborne oil product exports hit by headwinds, including drone attacks
Russia's seaborne oil product exports fell by 9.1% to 113.7 million metric tons last year as the country's oil refineries ...
11h
on MSN
India is staring at an 'oil shock' as U.S. sanctions on Russian crude loom
India is now staring at the possibility of an oil shock after the U.S. decided to implement sweeping sanctions on Russia's ...
1d
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 ...
20h
on MSN
Oil ends lower, with U.S. prices failing to hold above $80 a barrel
Oil futures settled lower on Thursday, pulling back as news of an Israel-Hamas cease-fire deal helped to ease some worries ...
8h
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.
1d
Has China already reached peak oil?
The implications of China hitting peak oil are enormous. If Chinese demand is reaching a plateau that would fulfil ...
2d
How Shifting Presidential Policies Affect the Oil And Gas Industry
In the U.S., energy policies can change dramatically with each new president, creating a lot of uncertainty for industries ...
17h
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 ...
1d
on MSN
Oil giant BP axing thousands of jobs
BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive. The British oil giant told ...
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