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 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,
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.
US intensifies sanctions on Russian oil: Equities tumble, crude prices rally
The Biden administration's new sanctions target Russia's oil giants Gazprom Neft and Surgutneftegas, shadow fleet vessels, and opaque traders. Oil prices surged, while European equities slid as investors fear tighter global supply.
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 ...
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 ...
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 ...
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.
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, ...
ig.com20h
Gold price, WTI crude oil price and natural gas price higher in early trading
Early trading has seen more gains for commodity prices, lifting gold to its highest level since mid-December. ​The spot gold ...
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’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 ...
Legit on MSN21h
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 ...