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Oil inches up, but uncertainty over sanctions impact caps gains
Oil prices rose on Wednesday trimming losses from the previous day, as the focus turned back to potential supply disruptions from sanctions on Russian tankers, though gains were capped as the market awaited more clarity on their impact.
Oil Edges Higher Amid Uncertainty About Effect of U.S. Sanctions
Oil prices were edging up as traders await more clarity on the effect of U.S. sanctions on Russia. Brent crude was up 0.4% at $80.22 a barrel, while WTI was up 0.5% to $76.74 a barrel. Further gains are also being capped by reports of a potentially imminent cease-fire deal between Israel and Hamas.
US Sanctions to Have 'Significant' Impact on Russian Oil
The latest US sanctions have the potential to significantly disrupt Russia's energy exports, the International Energy Agency said. "We're waiting to see how things will unfold before putting a number on it,
1h
on MSN
IEA Cuts 2025 Oil Demand Growth Forecast Moderately
KEY TAKEAWAYS The International Energy Agency on Wednesday lowered its projection for 2025 oil demand growth though the ...
2h
Oil tycoon Shvidler says UK sanctions are arbitrary in landmark appeal
A billionaire oil tycoon tried again on Wednesday to overturn British sanctions imposed over Moscow's invasion of Ukraine in ...
18h
U.S. Oil Production Is Booming. Oil Jobs Are Not.
The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as ...
8h
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," ...
18h
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 ...
2h
on MSN
Tanker rates extend rally on sanctions, demand to load Mideast oil, products
Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on ...
17h
on MSN
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.
16h
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 ...
4h
on MSN
IEA Trims Oil-Demand Outlook, But Still Expects Stronger Growth This Year
The International Energy Agency slightly lowered this year’s global oil-demand outlook, but said it still expects growth to ...
18h
Oil Glut Will Expand in 2026 as OPEC Output Rebounds, EIA Says
Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana ...
1d
Norway awards 53 stakes in latest offshore oil, gas exploration round
Norway on Tuesday awarded stakes in 53 offshore oil and gas exploration licences to 20 companies in its annual licensing ...
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