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Russia, Oil and U.S. sanctions

Oil rallies, settles at multi-month high on US crude draw, Russia sanctions

Oil prices rose more than 2% on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions on Russia, while a Gaza ceasefire deal limited gains.

U.S. News & World Report · 10h

Russian Oil Products Trapped at Sea by US Sanctions, LSEG Data Shows

Nearly 500,000 metric tons of Russian oil products are trapped on tankers hit by U.S. sanctions, LSEG data showed on Wednesday. On Jan. 10, new Russia-related sanctions targeted more than 180 vessels and insurance companies,

MarketWatch · 10h

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 by wider U.S. sanctions on Russia as well as cold weather in much of the U.

Oil prices pull back

Hosted on MSN · 7h

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,

MarketWatch on MSN · 1d

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.

The Wall Street Journal on MSN · 1d

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.

BP Nears Deals For Oil Fields

Reuters on MSN · 12h

Iraq and BP to sign Kirkuk oil and gas deal by first week of Feb, oil minister says

Iraq and British oil major BP will sign a mammoth deal covering four Kirkuk oil and gas fields by the first week of February, Oil Minister Hayan Abdel-Ghani told Reuters during a visit to Britain. He said it would be larger than a 2023 TotalEnergies deal in Basra,

Barron's · 11h

BP Nears Deals For Oil Fields, Curbs On Gas Flaring In Iraq

Iraq and British oil giant BP are set to finalise a deal by early February to develop four oil fields in Kirkuk and curb gas flaring, Iraqi authorities announced Wednesday.

Intellinews on MSN · 6h

Iraq, BP to sign major Kirkuk fields deal worth over $27bn

By bnm Gulf bureau Iraq will sign a massive deal with BP covering four Kirkuk oil and gas fields by early February that will exceed the value of TotalEnergies' $27bn Basra agreement, Oil Minister Hayan Abdel-Ghani told Reuters during his UK visit on January 15,

climate change, Honolulu and oil companies

Reuters on MSN · 1d

US Supreme Court rejects bid by oil companies to toss Honolulu's climate suit

The U.S. Supreme Court declined on Monday to hear a bid by Sunoco and other oil companies to scuttle a lawsuit by Honolulu accusing them of misleading the public for decades about the dangers of climate change induced by the burning of fossil fuels.

Business Insider · 23h

Supreme Court denies bid by oil firms to end Honolulu’s suit, Reuters says

A bid to the U.S. Supreme Court by major oil companies to end a lawsuit from Honolulu accusing the oil companies of “misleading the public for

Dallas Morning News · 2d

Supreme Court declines to hear from oil companies trying to block climate change lawsuits

The Supreme Court said Monday it won’t hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions

6hon 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 ...

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 ...

9hon 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 ...

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 ...

3hon MSN

Chevron says no commercial oil, gas found at Namibia exploration well

Chevron said on Tuesday that it did not find commercial hydrocarbon reserves in an exploration well in Namibia's Orange Basin ...

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 ...

7hon MSN

IEA Trims Oil-Demand Outlook, But Still Expects Stronger Growth This Year

The International Energy Agency slightly lowered this year’s global oil-demand outlook, but said it still expects growth to ...

16hon MSN

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," ...

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 ...

1don MSN

Oil Prices Are on a Tear. It’s a Short-Term Headache for Inflation.

Consumers are likely to see higher prices on gasoline front-loaded in the first half of 2025 and then see a slowdown start to ...

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