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Oil climbs, set for 4th week of gains
Oil prices on track for fourth straight weekly gain on supply fears
Oil futures were slightly lower early Friday, but on track for a fourth straight week of gains after wider sanctions against Russia’s energy industry tightened supply.
Oil set for fourth week of gains as investors assess US sanctions impact
Oil prices rose on Friday, on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade heightened expectations for oil supply disruptions.
Oil Set for Weekly Gains on Russia Sanctions Fears
Oil prices were on track for weekly gains of more than 2%, boosted by supply disruption concerns following the latest round of U.S. sanctions against Russia. Brent crude was up 0.3% at $81.59 a barrel,
BP, oil
Oil giant BP axing thousands of jobs
BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive. The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year.
One of the world's biggest oil companies is cutting thousands of jobs
BP is cutting 4,700 jobs and 3,000 contractor roles as part of a drive to "simplify and focus" the oil giant, it said on Thursday.
Oil Giant BP Cuts Thousands Of Jobs To Slash Costs
British energy giant BP on Thursday said it would axe 4,700 staff jobs -- about five percent of its workforce -- and was cutting thousands of contractor roles to reduce costs.
Russia, Voronezh Oblast and Oil Depot
Ukrainian drones hit Russian oil depot in Voronezh Oblast, military claims
According to the military, the targeted oil depot stored fuel, which was used for the needs of the Russian army. The statement came after Russian reports of the oil depot on fire in Voronezh Oblast. The village of Liski in Voronezh Oblast lies over 150 kilometers (98 miles) east of the Ukrainian border.
Ukraine Confirms Attack On Oil Depot In Western Russia
Ukraine confirmed Thursday that its forces had struck an oil depot in western Russia, where officials had said earlier that Kyiv's drones had sparked a blaze in the Voronezh region bordering Ukraine.
Ukrainian military strikes Rosneft oil depot near Russia's Voronezh
Ukrainian forces attacked the Liskinskaya oil depot near Russia's Voronezh, which is part of the Rosneft structure, according to the General Staff of the Armed Forces of Ukraine and the Special Operations Forces.
7h
on MSN
India is staring at an 'oil shock' as U.S. sanctions on Russian crude loom
India is now staring at the possibility of an oil shock after the U.S. decided to implement sweeping sanctions on Russia's ...
3h
Exclusive: Russia's 2024 seaborne oil product exports hit by headwinds, including drone attacks
Russia's seaborne oil product exports fell by 9.1% to 113.7 million metric tons last year as the country's oil refineries ...
2d
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 ...
4h
on MSN
Big Oil celebrates the return of Trump. Clean energy braces for trouble
Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape.
16h
on MSN
Oil ends lower, with U.S. prices failing to hold above $80 a barrel
Oil futures settled lower on Thursday, pulling back as news of an Israel-Hamas cease-fire deal helped to ease some worries ...
23h
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 ...
4h
on MSN
OPEC's share in India's annual oil imports rises after 8-year drop
OPEC's share in India's crude oil imports edged up in 2024, rising for the first time in nine years, while top supplier ...
1d
Has China already reached peak oil?
The implications of China hitting peak oil are enormous. If Chinese demand is reaching a plateau that would fulfil ...
2d
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 ...
Crude Oil Prices
1d
Can This Huge Oil Discovery Revive The Bakken Oil Boom?
U.S. shale can still surprise with undiscovered resources, even as more and more reports emerge suggesting that prime acreage ...
9h
on MSN
Trump Treasury pick Bessent backs Fed independence, dollar, sanctions on Russian oil
President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday that the dollar should remain the ...
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