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Oil prices pull back
Oil rises as traders assess sanctions impact
Oil prices rose on Wednesday as the market focused on potential supply disruptions from U.S. sanctions on Russian energy companies and tankers carrying Russian oil. Brent crude futures were up 65 cents,
Oil prices pull back after rising to their highest since August on Russia sanctions
Oil futures pulled back Tuesday, giving back some ground after a three-day rally driven in part by a new round of U.S. sanctions on Russia’s oil industry.
US sanctions against Russian oil halt billions at sea
Sanctions imposed by the United States on 10th January against the Russian oil sector have halted about one-tenth of Russia's shadow fleet. The value of the oil it transports could exceed £2.9 billion.
Finland, Oil tanker
Finland had 12 minutes left to stop a Russia-linked oil tanker from dealing 'much worse' damage to its undersea cables, president says
"Had it continued for another 12 minutes, the carnage would have been much worse than the four basic cables that were there," Finnish President Alexander Stubb said.
Oil tanker sabotage crew were poised to cut more cables when caught, Finland says
By Anne Kauranen HELSINKI (Reuters) -Crew on board an oil tanker accused of sabotaging undersea power and communications cables in the Baltic Sea were poised to cut other cables and pipelines when Finnish authorities boarded the vessel last month,
Oil tanker crew planned more cable sabotage before capture, Finland says
Finnish investigators say the crew of an oil tanker accused of damaging undersea power and communication cables in the Baltic Sea were preparing to cut additional infrastructure before authorities intervened,
1h
on MSN
Oil is no longer an energy security challenge as critical minerals take center stage, Saudi minister says
"Countries are racing to access critical minerals and secure their own supply chain," the Saudi energy minister told ...
2h
US Crude oil stocks excluding SPR fall to 2-year low, EIA says
U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as ...
2h
on MSN
Gas prices will fall in the next 2 years as global oil supply outpaces demand, EIA says
US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up ...
1h
on MSN
Oil prices climb as traders weigh OPEC and IEA demand forecasts
Oil futures were up modestly Wednesday, finding support after snapping a three-day winning streak that had been driven in ...
1h
Russia's oil exports fell in 2024, but revenue rose $3.8 billion, IEA says
Russia's crude oil and oil products exports fell 350,000 barrels per day last year, though revenue from its exports rose 2% ...
20h
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 ...
19h
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 ...
5h
on MSN
IEA Cuts 2025 Oil Demand Growth Forecast Moderately
The International Energy Agency on Wednesday lowered its projection for 2025 oil demand growth though the organization said ...
1d
US and Canada Energy Stocks Diverge as Alberta Warns on Oil Tariffs
Canadian oil and gas stocks fell the most this year, even as US producers rallied, after Alberta’s premier warned that the ...
22h
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 ...
1d
Norway awards 53 stakes in latest offshore oil, gas exploration round
Norway on Tuesday awarded stakes in 53 offshore oil and gas exploration licences to 20 companies in its annual licensing ...
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