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.
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.
Oil 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 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 oil spikes most in three months as new Russia oil sanctions 'taken more seriously'
Crude oil futures rallied to fresh three-month highs Friday, after the Biden administration broadened sanctions on Russian oil, potentially affecting global supplies, while winter weather lifts demand for heating fuels and threatens production freeze-offs.
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, ...
The US oil boom shows no signs of stopping as shale execs say they'll ramp up spending in 2025
While the OPEC+ cartel of oil-producing countries has restricted output since the start of last year, non-OPEC nations like ...
Trump’s ambitious oil plans will not derail Russia
Donald Trump’s gleeful “Drill, baby, drill” pledge chimes with the idea of weaponising America’s status as the world’s ...
Crude Oil Prices22h
US Oil, Gas Drillers Scale Back Activity
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday ...
Voice of America10d
US oil production rose to record high in October, data show
Year-over-year, U.S. oil production rose 2.3% in October, while West Texas Intermediate crude futures prices CLc1 averaged 16% lower during the month, according to Reuters calculations.
FXEmpire.com9d
US Oil Production Is Slowing, The Ramifications Will Be Significant
The story of peak shale oil production in the US has been espoused by energy bulls for years. After endless calls for shale production to peak, it appears we may finally be approaching that ...
Yahoo Finance4d
Biden bans offshore oil leasing in most US waters
During the fiscal year 2023, the OCS produced around 675 million barrels of oil and 796 billion cubic feet of gas. This represents around 14% of US oil production and 2% of natural gas ...
GlobalData on MSN4d
Suncor reports higher oil and gas production in Q4 2024
Suncor, the Canadian oil and gas company, experienced increased upstream production and higher refinery throughput in the ...