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.
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.
Energy Up as Oil Futures Surge on New Russia Oil Sanctions --- Energy Roundup
Shares of energy companies rose as oil futures spiked due to new U.S. sanctions on the Russian oil industry. Benchmark U.S. crude futures jumped almost 4% to top $76.57 a barrel, testing the $77 level for the first time since early October as icy weather in Texas threatened domestic supply,
Russia says it will continue oil and gas projects despite US sanctions
Russia's Foreign Ministry on Saturday denounced new U.S. sanctions against Moscow's energy sector as an attempt to harm Russia's economy at the risk of destabilising global markets and said the country would press on with large oil and gas projects.
New US Sanctions Take 'Sweeping Action' Against Russia's Energy Sector
The new sanctions target "Russia's key source of revenue" for funding its war against Ukraine, Treasury Secretary Yellen said.
U.S. Imposes New Sanctions to Squeeze Russia’s Energy Sector
The Biden administration is cracking down on the Russian “shadow fleet” and taking steps to curb oil and gas production.
Why Oil Has Hit A 3-Month High With Brent Touching $80
On Friday, crude oil futures rose to price levels last seen in October 2024. What are the reasons behind the uptick in prices ...
Geopolitical Concerns Have Oil Prices Back at October Levels
Oil prices rose Friday, touching prices last seen in the fall, as traders digested further U.S. sanctions on Russia.
Oil Price Update - Will Brent Break $80? Winter Demand, Offshore Drilling, And Technicals In Focus
Oil prices have started 2025 strong, defying expectations of a downturn fueled by worries about slowing demand. Click to read ...
New York's Outlandish Plan To Grab $75 Billion From Big Oil
New York is free to levy a $3 billion a year tax on fuel sales in New York. But that would be unpopular, so instead it aims ...
Biden administration sanctions Russia’s oil giants and tanker fleet
The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil ...
Oil futures end higher, with Brent turning up for the week
Oil futures gained on Thursday, with global benchmark prices turning higher for the week and buoyed by optimism over the ...
US Moves to Curb Some Cooking Oil Imports With Green Fuel Rule
The US is moving to curb imports of used cooking oil, preventing foreign supplies used to make biofuels from qualifying for a ...
Trump plans to 'immediately' reverse Biden's 'ridiculous' ban on new oil and gas drilling along US coast
President-elect Donald Trump said he will "unban" President Biden's executive order blocking new oil and gas drilling across ...
Biden to ban offshore oil, gas drilling in vast areas ahead of Trump term
The move is considered mostly symbolic, as it will not impact areas where oil and gas development is currently underway, and ...
Disabled oil tanker adrift in Baltic Sea being towed eastwards
A loaded oil tanker that lost the ability to manoeuvre in the Baltic Sea near the German island of Rügen was being towed ...