Crude oil spikes most in three months as new Russia oil sanctions 'taken more seriously'
Oil prices surge to three-month highs as U.S. broadens sanctions on Russian oil and winter weather lifts demand for heating fuels.
Sugar Prices Rebound as Crude Oil Rallies
Friday closed up +0.12 (+0.63%), and March London ICE white sugar #5 (SWH25) closed up +1.90 (+0.38%). Sugar prices Friday posted moderate gains. Short covering emerged in sugar futures Friday after WTI crude oil prices (CLG25) jumped more than +3% to a 3-month high.
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. President Joe Biden's administration imposed fresh sanctions targeting Russian oil producers,
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.
Crude prices jump as U.S. imposes sweeping sanctions against Russia oil industry
The U.S. Treasury Department is sanctioning Russian oil companies, tankers, officials and executives. Oil prices jumped on worries that crude supplies would face disruptions. Oil prices jumped on Friday as the U.
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.
Saudi crude oil supply to China set to fall in Feb vs Jan, sources say
Saudi Arabia's crude oil supply to China is set to decline in February from the month before, trade sources said on Thursday, ...
Why Oil Has 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 ...
Russian Oil Production Collapses to 20-Year Low
Russia's average daily production of crude oil in 2024 slumped to its lowest level in nearly two decades, according to the ...
Trump’s oil promises have bigger problems than Biden’s new offshore drilling ban
President Joe Biden's move to protect offshore areas is largely symbolic, but the economic factors that may limit oil output ...
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BP Hopes to Boost Oil Production at India’s Top Field by 44%
BP, selected to improve production at India's Mumbai High oilfield, predicts a potential 44% increase in oil output and an 89 ...
Why China is likely to import less crude from Saudi Arabia in February?
China may import less crude oil from Saudi Arabia on a month-on-month basis in February after the Kingdom hikes prices for ...
Asia's crude oil imports drop in 2024 as weak China weighs
Asia's crude oil imports dropped in 2024, the first annual decline in three years, led by weak demand from heavyweight China ...
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Russia Claims Compliance With OPEC+ Oil Output Cuts in December
Russia's crude oil production fell below its OPEC+ quota in December, raising concerns about its ability to meet future ...
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Rising oil prices fuel C.O. gas price rise as new year begins
Gas prices are ticking up on the High Desert and elsewhere in the first days of 2025. The major driver is a rally in crude ...
2024: Another record-breaking year for Texas oil and natural gas industry
Last year was a record year for the Texas oil and natural gas industry, which broke its previous records for production, ...