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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.

Reuters on MSN · 1h

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. Brent crude futures dipped 50 cents,

The Wall Street Journal on MSN · 14h

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.

Barron's · 14h

Oil Set for Weekly Gains on Russia Sanctions Fears

Oil prices were on track for weekly gains of more than 2%, boosted by supply disruption concerns following the latest round of U.S. sanctions against Russia. Brent crude was up 0.3% at $81.59 a barrel,

Reuters on MSN · 2h

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,

India is staring at an 'oil shock'

CNBC on MSN · 17h

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.

Reuters · 1d

Indian Oil Corp issues sour crude tender after latest Russia sanctions, sources say

Indian Oil Corp (IOC) is seeking high-sulphur oil from the spot market in its first sour crude import tender since March 2022, expecting the latest U.S. sanctions to hit supplies from Moscow, trade sources said on Thursday.

Hindustan Times on MSN · 10h

‘India in touch with US to clarify issues’: MEA on new sanctions on Russian oil

External affairs ministry spokesperson Randhir Jaiswal indicated that India had no plans to reduce oil purchases from Russia following the US sanctions

Oil major BP to cut thousands of jobs

U.S. News & World Report · 1d

BP Cutting 4,700 Jobs Worldwide as Part of Cost-Saving Drive

U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive

NBC Los Angeles · 1d

Oil major BP to cut thousands of jobs in cost-cutting drive

British oil major BP on Thursday said it is planning to cut 4,700 jobs, around 5% of its total workforce, Reuters reported, citing a company spokesperon.

BBC · 1d

BP to cut 4,700 jobs to reduce costs

Oil giant BP is to cut about 4,700 staff, more than 5% of its total workforce, as part of its plans to cut costs. The British firm, which has a global workforce of about 90,000 people, confirmed the job losses on Thursday,

Trump Team Readies Oil Sanctions Plan for Russia Deal

Reuters on MSN · 19h

Trump Treasury pick Bessent backs Fed independence, dollar, sanctions on Russian oil

President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday that the dollar should remain the world's reserve currency, the Federal Reserve should stay independent and that he is ready to impose tougher sanctions on Russia's oil sector.

The Financial Times · 1d

Donald Trump’s Treasury pick stresses need for tougher sanctions on Russian oil

The comments on Thursday by Donald Trump’s nominee to be Treasury secretary pushed up oil prices, as traders considered the prospect of tighter global crude supply. The new administration is also expected to target Iranian and Venezuelan oil with tougher sanctions as Trump seeks to increase economic pressure on the US’s adversaries.

Bloomberg on MSN · 1d

Trump Team Readies Oil Sanctions Plan for Russia Deal, Iran Squeeze

Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months while at the same time squeezing Iran and Venezuela,

Russia, Oil Depot and Voronezh Oblast

Yahoo · 1d

Ukrainian drones hit Russian oil depot in Voronezh Oblast, military claims

According to the military, the targeted oil depot stored fuel, which was used for the needs of the Russian army. The statement came after Russian reports of the oil depot on fire in Voronezh Oblast. The village of Liski in Voronezh Oblast lies over 150 kilometers (98 miles) east of the Ukrainian border.

Barron's · 1d

Ukraine Confirms Attack On Oil Depot In Western Russia

Ukraine confirmed Thursday that its forces had struck an oil depot in western Russia, where officials had said earlier that Kyiv's drones had sparked a blaze in the Voronezh region bordering Ukraine.

The New Voice of Ukraine on MSN · 1d

Ukraine's Armed Forces destroy Russian oil depot in Voronezh Oblast

At least three strike drones hit the Liskinsk oil depot in Russia's Voronezh Oblast, causing a large fire, according to Ukraine’s military. The depot, owned by Russian corporation Rosneft, stored fuel used by Russian occupation forces.

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 production and ...

1don 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 ...

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 ...

US drillers cut oil and gas rigs to lowest since December 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 ...

13hon 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.

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 ...

6hon MSN

SLB boosts dividend and buybacks, but warns of oil oversupply

Oilfield company SLB raised its quarterly dividend and accelerated share repurchases on Friday as its fourth-quarter profit ...

2don 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 Prices1d

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 ...

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