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Oil, Russia
Oil prices rally as fresh U.S. sanctions on Russia threaten global supplies
Oil futures ended sharply higher on Friday, as fresh U.S. sanctions on Russia’s oil sector looked to threaten global supplies and as winter storms in the U.S. were expected to boost demand for heating fuels.
Oil prices rally 3% as US hits Russian oil with tougher sanctions
Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue.
Oil Surges on Supply Risks Amid Prospects of Tighter Sanctions
Oil prices jumped in midday European trade as investors focus on potential supply disruptions and expectations of stronger heating-fuel demand due to colder temperatures.
Oil prices jump 3% on cold weather, supply concerns
Oil futures rose sharply early Friday, trading at their highest since October with support tied to cold weather in the U.S. and elsewhere and supply concerns.
US hits Russian oil with toughest sanctions yet in bid to give Ukraine, Trump leverage
U.S. President Joe Biden's administration imposed its broadest package of sanctions so far targeting Russia's oil and gas revenues on Friday, in an effort to give Kyiv and Donald Trump's incoming team leverage to reach a deal for peace in Ukraine.
Oil Prices Top $80 On Rumoured US Sanctions On Russia
Oil prices soared on Friday as traders anticipated rumoured new US sanctions against Russia, which would further disrupt its crude exports and therefore tighten supplies.
Oil Rig Count Drops, Crude Prices Climb as US Imposes New Sanctions Against Russia
The number of oil rigs in the US fell by two during the week ended Friday, according to data compiled by energy services company Baker Hughes (BKR). The count for oil moved down to 480 rigs from 482 on a weekly basis,
Oil jumps more than 4% on concern over more sanctions on Russia
Oil prices rallied more than 4% on Friday to reach their highest levels since October as traders focused on potential supply disruptions from more sanctions on Russia. Brent crude futures gained $3.50,
Crude Finishes Sharply Higher as the US Expands Sanctions on Russian Oil
Friday closed up +2.65 (+3.58%), and February RBOB gasoline (RBG25) closed up +0.0466 (+2.30%). Crude and gasoline prices Friday settled sharply higher, with crude posting a 3-month high and gasoline posting a 2-3/4 month high.
Putin, Black Sea and oil spill
Black Sea Oil Spill Widens, Russian Authorities Say
Emergency workers toiling to clean up an oil spill in the Black Sea have detected seven new slicks, a Russian official told the TASS state news agency on Friday, as authorities struggle to mitigate the effects of the nearly month-old disaster.
Putin reacts to oil spill in Black Sea after 25 days: Ukrainian MFA speaks out
Russian President Vladimir Putin has decided to establish a headquarters to manage the aftermath of the tanker accident in the Kerch Strait. This reaction from the Kremlin leader appears demonstrative,
Putin Criticises Oil Spill Cleanup, Weeks After It Began
Russian President Vladimir Putin on Thursday criticised the clean up of a major oil spill in the Black Sea and created a new task force to take over the operation, almost four weeks after the spill began.
5h
Why Has Oil Hit A 3-Month High With Brent Touching $80
On Friday, crude oil futures rose to price levels last seen in October 2024. What are the reasons behind the uptick in prices ...
7h
on MSN
Geopolitical Concerns Have Oil Prices Back at October Levels
Oil prices rose Friday morning, touching prices last seen in the fall, as traders digested the possibility of further U.S.
16h
on MSN
Tanker hit by Houthi rebels that threatened a Red Sea oil spill has been salvaged
An oil tanker that burned for weeks in the Red Sea after being attacked by Yemen's Houthi rebels and threatening a massive ...
5h
on MSN
Biden administration sanctions Russia’s oil giants and tanker fleet
The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil ...
11h
U.S. Oil Production Will Disappoint Again In 2025
One of the biggest misconceptions in the oil market is the perceived growth in non-OPEC+ oil supplies moving forward, ...
7h
on MSN
US targets Venezuela oil company chief, others with sanctions
The United States issued new Venezuela-related sanctions on Friday, including measures targeting state oil company PDVSA ...
1d
on MSN
Oil futures end higher, with Brent turning up for the week
Oil futures gained on Thursday, with global benchmark prices turning higher for the week and buoyed by optimism over the ...
3h
‘This made me plan a oil change tomorrow.’
@kndautomotive247 begins his video zoomed in on a 2017 Kia Sorrento’s engine. With 92,000 miles on the car, the engine was completely caked in “super overheated dry oil” that was so thick that he ...
3h
German tug secures 'shadow fleet' oil tanker adrift in Baltic Sea
German rescue teams on Friday secured towing lines to a loaded oil tanker that lost the ability to manoeuvre in the Baltic ...
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