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Oil, Gas prices
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 about risks to global supplies — though the agreement has reportedly hit a snag and has yet to take effect.
U.S. Oil Prices Reach New Heights Since August
The United States is witnessing a significant uptick in oil prices, with crude oil trading at nearly $80 per barrel, a peak that was last observed in August. This 3% rise in oil costs, as reported on Wednesday,
Gasoline, oil prices up due to uncertainty over Russia and Trump
Gas prices have come up recently, and they could be headed up more in the future. “The market does not like uncertainty,” says AAA oil market analyst Don
Oil gains for 4th-straight week on US sanctions
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 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 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 retreats slightly
Oil retreats slightly after boost from US crude draw, Russia sanctions
Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest sanctions targeting Russia and a larger-than-forecast fall in U.S. crude stocks.
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 oil industry.
U.S. sanctions on Russia hit oil freight rates
On Jan. 10, the U.S. Treasury announced fresh measures to deplete Russia’s energy revenues, including on 183 vessels, largely oil tankers.
Drone attack on oil depot in Russia's Kaluga region
Russians report drone attack on oil depot in Kaluga Oblast: fire breaks out – videos
A drone attack on an oil depot was reported in the Russian city of Lyudinovo in Kaluga Oblast on the evening of 17 January. Source: Russian Telegram channels; Governor of Kaluga Oblast Vladislav Shapsha Details: Local media reported that attack drones had hit the Lyudinovo oil depot of the Kaluganefteprodukt company in Lyudinovo,
Drone Attack Sparks Fire at Russian Site, Reports Say Oil Depot Ablaze
Ukraine's military said on Thursday at least three drones had hit a Russian oil depot in Russia's southern Voronezh region, and on Friday said its own air defences had downed 33 o
Drones attacked Tula region of Russia: Oil refinery likely burns
On the night of January 18, unknown drones attacked the Tula region of Russia. Meanwhile, Russians are reporting explosions and a fire, according to Russian Telegram channels. In particular, the Mash channel reports that drones attacked an oil depot in the Vuzlivskyi district of the region.
7h
on MSN
Oil Prices Are Up, But Oil Stocks Are Not. Why Energy Markets Have Gotten So Unpredictable.
Crude prices are up, in part, on new U.S. sanctions on Russian oil. But sanctions have proven not be a good reason to invest.
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 ...
14h
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 ...
1d
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 ...
2d
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 ...
19h
IMF lowers 2025 Saudi Arabia growth forecast on extended oil production cuts
The International Monetary Fund has lowered its 2025 GDP growth projection for Saudi Arabia to 3.3%, mainly due to extended ...
23h
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
on MSN
Oil prices end higher as traders weigh demand prospects, supply risks
Oil futures settled higher Wednesday, finding support after snapping a three-day winning streak that had been driven in part ...
2d
on MSN
Why Big Oil should pay to rebuild after the L.A. fires
California lawmakers may consider a climate ‘superfund’ law that forces fossil fuel companies to pay for damages linked to ...
Crude Oil Prices
2d
Can This Huge Oil Discovery Revive The Bakken Oil Boom?
U.S. shale can still surprise with undiscovered resources, even as more and more reports emerge suggesting that prime acreage ...
10h
Oil output, exports drove Guyana economy's growth of 43.6% in 2024
Guyana's economy achieved its fifth consecutive year of double-digit growth in 2024, expanding 43.6% as oil output and ...
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