Oil producers rush to hedge as US sanctions on Russia send prices higher
Energy producers have rushed to lock in oil prices since the United States announced its harshest sanctions yet on Russian energy trade on Friday, which sent oil prices surging to multi-month highs, market participants said.
U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as ...
Oil futures were up strongly Monday, with Brent crude on track for its first finish above $80 a barrel since August, as ...
President Biden has permanently placed off limits significant portions of the country's outer continental shelf from future ...
The U.S. Energy Information Administration revealed its latest Brent spot price forecasts in its January short term energy ...
U.S. shale can still surprise with undiscovered resources, even as more and more reports emerge suggesting that prime acreage ...
U.S. crude oil inventories fell for an eighth consecutive week amid declines in imports and domestic production, while product stocks saw further large weekly builds, according to data released by the ...
"This time it's different" is a well-worn cliché that seems to be getting another whirl with the latest 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 ...
Crude oil prices moved higher today, after the U.S. Energy Information Administration reported an inventory dip of 2 million barrels for the second week of the year.
US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up ...
The discovery has doubled the Katmai West field's proved reserves to an estimated 50 million barrels of oil equivalent gross.
Russia’s refined-fuel exports headed for an 11-month high before the US slapped fresh sanctions on the country’s energy ...
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