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.
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.
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.
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,
Trump team developing tougher sanctions on Russian oil — report
The overarching goal is to compel Russia to negotiate a peace deal with Ukraine. If Moscow signals willingness to agree to a ceasefire, the developing strategy envisages easing restrictions on Russian trade.
Trump team devises dual sanctions strategy on Russia and oil
Bloomberg reports that Donald Trump's advisers are formulating a sanctions strategy to broker an agreement between Russia and Ukraine and increase pressure on Iran and Venezuela. The agency notes that two scenarios have been crafted.
Oil prices climb on supply fears, Fed rate cut hopes
Oil prices climbed on Friday, heading for a fourth weekly gain, driven by concerns over tighter supply following U.S.
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 ...
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 ...
India's IOC buys Middle East, African oil to replace Russian supply
Indian Oil Corp (IOC), the country's top refiner, has bought 7 million barrels of spot Middle Eastern and African crude oil ...
Crude Oil Prices1d
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 ...
Oil prices end higher as traders weigh demand prospects, supply risks
Oil futures settled higher Wednesday, finding support after snapping a three-day winning streak that had been driven in part ...
Tanker under US sanctions discharges oil at Chinese port, LSEG data shows
A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China ...
Has China already reached peak oil?
In his 10 years in charge, Nasser has seen the value of Saudi oil exports to China more than triple, to a record $56bn in ...
Biden Administration Creates Final Limits for Oil Drillers in Alaska
Republicans said they were seeking ways to quickly reverse the restrictions in the state’s North Slope region.
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," ...
Oil giant BP axing thousands of jobs
The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also said it was cutting 3,000 contractor roles and that 2,600 of those contractors ...
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 ...