Oil Edges Higher Amid Uncertainty About Effect of U.S. Sanctions
Oil prices were edging up as traders await more clarity on the effect of U.S. sanctions on Russia. Brent crude was up 0.4% at $80.22 a barrel, while WTI was up 0.5% to $76.74 a barrel. Further gains are also being capped by reports of a potentially imminent cease-fire deal between Israel and Hamas.
The vessels under the latest U.S. sanctions include nine tankers that loaded oil products at Russian Baltic and Black Sea ...
The International Energy Agency slightly lowered this year’s global oil-demand outlook, but said it still expects growth to ...
Oil prices slipped on Tuesday after a U.S. government agency forecast steady U.S. oil demand in 2025 while lifting its ...
In the U.S., energy policies can change dramatically with each new president, creating a lot of uncertainty for industries ...
"Had it continued for another 12 minutes, the carnage would have been much worse than the four basic cables that were there," ...
The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as ...
Administrations can only do so much when it comes to global supply and demand dynamics, and there is probably going to be ...
Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana ...
An emergency task force arrived in Russia’s southern Krasnodar region on Sunday as an oil spill in the Kerch Strait from two ...
Oil futures pulled back Tuesday, giving back some ground after a three-day rally boosted by a new round of U.S. sanctions on ...
Canadian oil and gas stocks fell the most this year, even as US producers rallied, after Alberta’s premier warned that the ...
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