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.
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.
Crude prices jump more than 3% on concerns over more US sanctions on Russia
The document, purported to be from the U.S. Treasury, was being circulated among traders in Europe and Asia. Reuters could not verify the veracity of the document
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 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 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,
Crude oil prices surge amid cold weather and Russia sanctions
Crude prices surged to three-month highs, fueled by the cold temperatures gripping a significant portion of the nation and the possibility of supply disruptions amid new sanctions on Russia’s energy sector.
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,
US hits Russian oil with toughest sanctions yet in bid to give Ukraine, Trump leverage
By Timothy Gardner, Daphne Psaledakis, Nidhi Verma and Dmitry Zhdannikov WASHINGTON/NEW DELHI/LONDON (Reuters) -U.S. President Joe Biden's administration imposed its broadest package of sanctions so far targeting Russia's oil and gas revenues on Friday,
Brent Crude Oil Hits $80 a Barrel for First Time Since October
Oil surpassed $80 a barrel as traders digested a report that Indian oil processors are bracing for new US sanctions that ...
Oil prices settle lower as U.S. crude supplies fall but product stocks rise
Oil futures settled with a loss on Wednesday after the U.S. Energy Information Administration reported that commercial crude ...
US crude stocks at Cushing fall to decade-low, fuel inventories surge, EIA says
U.S. crude stocks fell last week, driving the Cushing, Oklahoma hub to a 10-year low, while fuel inventories surged, the ...
Biden Administration Fires Parting-Shot Sanctions at Russia’s Energy Sector
Washington now has freer hand in restricting Russian oil amid predictions of a global glut.
Russia’s Crude Shipments Tumble to the Lowest in 16 Months
Russia’s seaborne crude exports slumped to the lowest level since August 2023, with the latest dip stretching the loss since ...
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, ...
U.S. Crude Oil Stockpiles Extend Decline to Seven Weeks
U.S. crude oil inventories fell for a seventh consecutive week, while product stocks saw large builds last week as refineries ...
Russia Says It Cut Crude Oil Output Below OPEC+ Target in December
Russia’s own data show its crude production in December fell below its OPEC+ target, according to people familiar with ...
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Massive expansion as Dangote Refinery build 8 new tanks for imported crude
The Dangote Petroleum Refinery is increasing its crude oil storage capacity by 1 billion litres, equivalent to approximately ...