Oil inches lower, with U.S. prices failing to hold above $80 a barrel
Oil futures were modestly lower early Thursday, pulling back after ending the previous session at four-month highs following data that showed a large drop in U.S. crude inventories.
Oil Prices Climb Above $80 Per Barrel Amid Biden's Latest Sanctions
Prices surged after the administration imposed what officials called "most significant sanctions yet on Russia's energy sector."
Is it in Trump’s interest to implement latest oil sanctions against Russia?
The recently imposed US sanctions on Russian oil supply hold little if any advantage for President-elect Donald Trump.
Oil producers rush to hedge as US sanctions on Russia send prices higher
Energy producers have rushed to lock in oil prices since the United States announced its harshest sanctions yet on Russian energy trade on Friday, which sent oil prices surging to multi-month highs, market participants said.
Oil futures settle at a 5-month high as U.S. tightens sanctions on Russian oil
U.S. and global benchmark crude-oil prices settled Monday at their highest since August as investors focused on the potential supply hit from further tightening of U.S. sanctions on Russia’s oil sector.
Oil Eases as Market Weighs U.S. Sanctions on Russia
Oil eased slightly in early trade after rallying to a multi-month high as the market weighs the impact of U.S. sanctions on Russian supplies.
Oil prices slip as Russia sanctions stay in focus
Oil prices slipped on Tuesday from the previous day's four-month highs but the market remained supported by continuing focus on the impact of new U.S. sanctions on Russian oil exports to key buyers India and China.
Oil prices pull back after hitting 4-month highs on Russia sanctions
Oil futures pulled back Tuesday, giving back some ground after a three-day rally boosted by a new round of U.S. sanctions on Russia’s oil industry lifted crude prices to four-month highs.
Rising oil prices as US sanctions strand Russian tankers
Bloomberg reported on Monday that three tankers carrying Russian crude oil—two million barrels of oil — are stranded off the coast of China due to the latest American sanctions. The sanctions were imposed last Friday.
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 ...
What Biden's big ban on offshore oil and gas drilling means for NC and the East Coast
President Biden has permanently placed off limits significant portions of the country's outer continental shelf from future ...
Oil Edges Higher Amid Uncertainty About Effect of U.S. Sanctions
Oil prices were edging up as traders await more clarity on the effect of U.S. sanctions on Russia. Brent crude was up 0.4% at ...
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 ...
Crude Oil Prices19h
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 ...
Brent crude jumps above $80 a barrel as investors weigh U.S. sanctions on Russian oil
Oil futures were up strongly Monday, with Brent crude on track for its first finish above $80 a barrel since August, as ...
Six EU countries call for lowering of G7 price cap on Russian oil
BRUSSELS (Reuters) -Six European Union countries on Monday called on the European Commission to lower the $60 per barrel ...
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Talos finds oil and gas at Katmai West #2 well in US Gulf of Mexico
The discovery has doubled the Katmai West field's proved reserves to an estimated 50 million barrels of oil equivalent gross.
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 ...