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Oil set for 4th week of gains

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. Brent crude futures were trading up 36 cents or 0.

MarketWatch on MSN · 6h

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.

The Wall Street Journal on MSN · 10h

Oil Headed for Weekly Gains on Supply Disruption Fears

Oil was on track for weekly gains of more than 2%, boosted by supply disruption concerns following the latest U.S. sanctions against Russia, with the market now looking ahead to Trump’s White House return for more clarity on trade tariffs and potential sanctions on Iran and Venezuela.

Reuters on MSN · 2h

Oil set for fourth week of gains on US sanctions

Oil prices edged lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions. Brent crude futures were down 41 cents,

Trump Team Readies Oil Sanctions Plan for Russia Deal

Reuters on MSN · 15h

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 world's reserve currency, the Federal Reserve should stay independent and that he is ready to impose tougher sanctions on Russia's oil sector.

The Financial Times · 23h

Donald Trump’s Treasury pick stresses need for tougher sanctions on Russian oil

The comments on Thursday by Donald Trump’s nominee to be Treasury secretary pushed up oil prices, as traders considered the prospect of tighter global crude supply. The new administration is also expected to target Iranian and Venezuelan oil with tougher sanctions as Trump seeks to increase economic pressure on the US’s adversaries.

Bloomberg on MSN · 1d

Trump Team Readies Oil Sanctions Plan for Russia Deal, Iran Squeeze

Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months while at the same time squeezing Iran and Venezuela,

India is staring at an 'oil shock'

Reuters · 1d

Indian Oil Corp issues sour crude tender after latest Russia sanctions, sources say

Indian Oil Corp (IOC) is seeking high-sulphur oil from the spot market in its first sour crude import tender since March 2022, expecting the latest U.S. sanctions to hit supplies from Moscow, trade sources said on Thursday.

CNBC on MSN · 13h

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 oil industry.

Hindustan Times on MSN · 5h

‘India in touch with US to clarify issues’: MEA on new sanctions on Russian oil

External affairs ministry spokesperson Randhir Jaiswal indicated that India had no plans to reduce oil purchases from Russia following the US sanctions

Russia, Oil

CNBC on MSN · 1d

U.S. sanctions on Russia hit oil freight rates

On Jan. 10, the U.S. Treasury announced fresh measures to deplete Russia's energy revenues, including on 183 vessels, largely oil tankers.

The Wall Street Journal on MSN · 1d

New U.S. Sanctions on Russia, Iran Oil Could Support Oil Prices

Oil futures edged higher and Phillip Nova said the potential impact of the new U.S. sanctions on Iranian and Russian crude oil exports could be bullish for prices.

Daily Wrap on MSN · 1d

U.S. oil reserves fall, sanctions on Russia drive prices

Oil prices on the New York fuel exchange remain high due to concerns about threats to the global supply of this resource, with U.S. oil reserves experiencing the longest series of declines since 2021,

Oil depot in Engels continues burning

The New Voice of Ukraine on MSN · 9h

Oil depot in Engels continues burning after Ukraine strikes Russian military targets

The fire at the Kristal oil refinery in Engels, Saratov Oblast, has “significantly decreased,” with specialized teams continuing efforts to extinguish it, Governor Roman Busargin said. Read also: Ukrainian drones wreak havoc on Russian oil and ammo depots On Jan.

Barron's · 1d

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.

RBC Ukraine on MSN · 1d

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.

US drillers cut oil and gas rigs to lowest since December 2021, Baker Hughes says

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest ...

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 ...

21hon 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 ...

1hon MSN

SLB boosts dividend and buybacks, but warns of oil oversupply

Oilfield company SLB raised its quarterly dividend and accelerated share repurchases on Friday as its fourth-quarter profit ...

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 ...

9hon 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.

IMF lowers 2025 Saudi Arabia growth forecast on extended oil production cuts

The International Monetary Fund has lowered its 2025 GDP growth projection for Saudi Arabia to 3.3%, mainly due to extended ...

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 ...

2don MSN

Finland had 12 minutes left to stop a Russia-linked oil tanker from dealing 'much worse' damage to its undersea cables, president says

"Had it continued for another 12 minutes, the carnage would have been much worse than the four basic cables that were there," ...

18h

Biden makes last-minute bid to thwart Arctic oil drilling

The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum ...

1don MSN

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 ...

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