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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.
Indian Oil Corp buys 7 million barrels of crude amid US sanctions on Russia
Indian Oil Corp has purchased 7 million barrels of Middle Eastern and African crude oil, including Abu Dhabi's Murban, amid U.S. sanctions on Russian oil.
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 investors assess the potential hit to supply from a further tightening of U.S. sanctions on Russia’s oil sector.
9h
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 ...
1d
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 ...
Crude Oil Prices
1d
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 ...
3d
on MSN
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 ...
3d
Six EU countries call for lowering of G7 price cap on Russian oil
Six European Union countries on Monday called on the European Commission to lower the $60 per barrel price cap put on Russian ...
Vanguard
9h
2025 budget predicated on 2m barrels crude oil production – NUPRC
The NUPRC said Nigeria’s current production was averaging 1.7 million barrels, leaving a deficit of about 350,000 barrels to ...
1d
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 product stocks saw further large weekly builds, according to data released by the ...
GlobalData on MSN
19h
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.
6d
Shadow fleet of tankers keeps Russia’s oil money flowing despite Western sanctions
The Group of Seven democracies have sought to crimp Russia’s oil export earnings that help fund the war against Ukraine.
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