Column-China response key to crude oil after new sanctions on Russia: Russell
By Clyde Russell LAUNCESTON, Australia (Reuters) - "This time it's different" is a well-worn cliché that seems to be getting another whirl with the latest U.S. sanctions against Russia's crude oil exports.
Crude Oil Prices Up 6% In A Week, U.S. Maintains Russian Sanctions Won’t Hit Prices
The crude oil market is on the boil again with prices surging 6% in the past one week in anticipation of the U.S. sanctions of Russian oil. However, the outgoing U.S. President Joe Biden still believes that oil prices will stabilize and that consumers will not be burdened.
Oil ends lower after a 3-day rally lifted prices to their highest since August
Oil futures pulled back Tuesday, giving back some ground after a three-day rally driven in part by a new round of U.S. sanctions on Russia’s oil industry.
Oil rises on US crude draw, Russia sanctions; Gaza ceasefire deal caps gains
Oil prices rose more than 2% on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions on Russia, while a Gaza ceasefire deal limited gains.
Russian Oil Products Trapped at Sea by US Sanctions, LSEG Data Shows
Nearly 500,000 metric tons of Russian oil products are trapped on tankers hit by U.S. sanctions, LSEG data showed on Wednesday. On Jan. 10, new Russia-related sanctions targeted more than 180 vessels and insurance companies,
Oil Freight Traders Pile In as Russia Sanctions Push Rates Up
Oil-freight derivatives trading surged to the highest in at least a decade as the Biden administration’s sanctions on Russia continued to propel supertanker rates higher.
Oil rallies, settles at multi-month high on US crude draw, Russia sanctions
Oil prices rose more than 2% on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions on Russia, while a Gaza ceasefire deal limited gains.
US Sanctions May Impact Russian, Iranian Oil Supplies: IEA
A colder winter has pushed global oil demand higher while new US sanctions on Russia and Iran could tighten supplies from those countries, the International Energy Agency said Wednesday.
New US sanctions may severely disrupt Russian oil supply chains, International Energy Agency says
The International Energy Agency (IEA) has warned that the latest US sanctions on Russia could significantly complicate its oil supply chains, potentially tightening the global market. Source: Reuters,
Qatar hikes March al-Shaheen oil term price to over 2-year high
QatarEnergy has raised the term price for al-Shaheen crude oil loading in March, trade sources said on Thursday, setting it ...
Oil Supported by U.S. Sanctions Concerns, Inventory Decline
Oil prices were edging lower, but remain supported by concerns about the effect of U.S. sanctions on Russian flows and a ...
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 ...
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Early-Year Strength In Oil Markets Likely To Continue
Commodity experts at Standard Chartered predict that the ongoing strength in oil markets at the start of the new year is ...
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Oil (WTI) Price
1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton 573.31 USD 1 Barrel = 42 Gallons Oil (WTI) Price Per 1 Gallon 1.86 USD 1 Barrel ≈ 158,98 Liters Oil (WTI) Price Per 1 ...
After US action against Russian oil, spot premiums for West Asian crude fly north
Spot prices for Middle East crude hit their highest level in over two years due to strong demand from China and India. The ...
Crude Oil Price Forecast: Breaks Resistance and Retains Strength
Crude oil surged to 79.38, breaking resistance and confirming strength, but overbought signals suggest a possible pullback or consolidation before further gains.
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Oil Prices Stable After Bearish EIA Report
The EIA predicts lower oil prices in 2025 and 2026 due to rising production and OPEC cuts, but the recent sanctions on Russia kept oil prices from falling.