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 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.
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.
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,
Oil Set for Weekly Gains on Russia Sanctions Fears
Oil prices were on track for weekly gains of more than 2%, boosted by supply disruption concerns following the latest round of U.S. sanctions against Russia. Brent crude was up 0.3% at $81.59 a barrel,
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 ...
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 ...
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 ...
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 ...
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.
Crude Oil Prices1h
US Rig Count Falls in Strong Week for Oil
The US rig count continues to fall, with the number of oil and gas rigs deployed declining amid rising oil prices ...
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 ...
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 ...
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 ...