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Oil, US Sanctions
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,
Oil Edges Higher Amid Uncertainty on Effect of U.S. Sanctions
Oil prices rose slightly as traders awaited more clarity on the effect of sanctions on Russia, while reports of an imminent cease-fire deal between Israel and Hamas capped gains.
US Sanctions to Have 'Significant' Impact on Russian Oil
The latest US sanctions have the potential to significantly disrupt Russia's energy exports, the International Energy Agency said. "We're waiting to see how things will unfold before putting a number on it,
Oil gains capped by uncertainty over sanctions impact
Oil prices crept higher on Wednesday as the market focused on potential supply disruptions from sanctions on Russian tankers, though gains were tempered by a lack of clarity on their impact. Brent crude futures rose 16 cents,
climate change, Honolulu and oil companies
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.
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
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
4h
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 ...
3h
on MSN
Oil is no longer an energy security challenge as critical minerals take center stage, Saudi minister says
"Countries are racing to access critical minerals and secure their own supply chain," the Saudi energy minister told ...
22h
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 ...
1h
on 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 ...
4h
on 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 ...
3h
on MSN
Oil prices climb as traders weigh OPEC and IEA demand forecasts
Oil futures were up modestly Wednesday, finding support after snapping a three-day winning streak that had been driven in ...
22h
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 ...
14h
on 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," ...
7h
on 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 ...
1d
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 ...
1d
US and Canada Energy Stocks Diverge as Alberta Warns on Oil Tariffs
Canadian oil and gas stocks fell the most this year, even as US producers rallied, after Alberta’s premier warned that the ...
1d
on MSN
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 ...
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