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Oil set for 4th week of gains
Oil prices score a 4th straight weekly gain on supply fears
Oil futures settled lower on Friday, but scored 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. Brent crude futures were trading up 36 cents or 0.
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.
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.
India is staring at an oil shock
Oil retreats slightly after boost from US crude draw, Russia sanctions
Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest sanctions targeting Russia and a larger-than-forecast fall in U.S. crude stocks.
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 administration plots tougher sanctions on Russian oil
The newly inaugurated President of the USA, Donald Trump, is laying the groundwork for a future agreement between Russia and Ukraine. The key mechanism is expected to be even stricter sanctions aimed at persuading Vladimir Putin to negotiate.
Drone attack on oil depot in Russia's Kaluga region
Drone attack on oil depot in Russia's Kaluga region: What is known
Unknown drones attacked an oil depot in the Russian Federation on the evening of January 17. This time, it was in the Kaluga region, according to Russian Telegram channels. It is reported that the drone attempted to attack an industrial enterprise in the city of Lyudinovo.
Drone Attack Sparks Fire at Russian Site, Reports Say Oil Depot Ablaze
Ukraine's military said on Thursday at least three drones had hit a Russian oil depot in Russia's southern Voronezh region, and on Friday said its own air defences had downed 33 o
Russians report drone attack on oil depot in Kaluga Oblast: fire breaks out – videos
A drone attack on an oil depot was reported in the Russian city of Lyudinovo in Kaluga Oblast on the evening of 17 January. Source: Russian Telegram channels; Governor of Kaluga Oblast Vladislav Shapsha Details: Local media reported that attack drones had hit the Lyudinovo oil depot of the Kaluganefteprodukt company in Lyudinovo,
1h
on MSN
Oil Prices Are Up, But Oil Stocks Are Not. Why Energy Markets Have Gotten So Unpredictable.
Crude prices are up, in part, on new U.S. sanctions on Russian oil. But sanctions have proven not be a good reason to invest.
6h
Oil output, exports drove Guyana economy's growth of 43.6% in 2024
Guyana's economy achieved its fifth-consecutive year of double-digit growth in 2024, expanding 43.6% as oil production and ...
1d
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 ...
1d
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 ...
9h
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 ...
16h
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.
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
on 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," ...
2d
on MSN
Why Big Oil should pay to rebuild after the L.A. fires
California lawmakers may consider a climate ‘superfund’ law that forces fossil fuel companies to pay for damages linked to ...
Crude Oil Prices
2d
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 ...
8h
on 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 ...
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