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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.
Oil gains for fourth-straight week on US sanctions
Oil prices closed lower on Friday but strengthened for a fourth-consecutive week, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions. Brent crude futures dipped 50 cents,
13h
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 ...
10h
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 ...
1d
on MSN
Ratcheting up sanctions on Russian oil may be the key to Trump's plan to end the war in Ukraine
"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.
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.
2d
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 ...
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 ...
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 ...
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
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 ...
Crude Oil Prices
21h
Big Oil Faces Wave of Climate Lawsuits from U.S. States and Territories
U.S. states and territories are taking legal action against the government and oil companies over climate change impacts, ...
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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Russia
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