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Oil retreats slightly

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.

Reuters · 17h

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.

QuickTake on MSN · 20h

Why Latest US Sanctions on Russian Oil Are a Big Deal

In the final days of Joe Biden’s presidency, the US unveiled its most sweeping and aggressive effort yet to disrupt the oil shipments that are helping Russia to fund its war in Ukraine.

BP, oil

Business Insider on MSN · 20h

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.

CNN on MSN · 16h

Oil giant BP axing thousands of jobs

The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also said it was cutting 3,000 contractor roles and that 2,600 of those contractors had already departed.

Barron's · 18h

Oil Giant BP Cuts Thousands Of Jobs To Slash Costs

British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.

Russia, Oil Depot and Voronezh Oblast

Yahoo · 18h

Ukrainian drones hit Russian oil depot in Voronezh Oblast, military claims

According to the military, the targeted oil depot stored fuel, which was used for the needs of the Russian army. The statement came after Russian reports of the oil depot on fire in Voronezh Oblast. The village of Liski in Voronezh Oblast lies over 150 kilometers (98 miles) east of the Ukrainian border.

Barron's · 19h

Ukraine Confirms Attack On Oil Depot In Western Russia

Ukraine confirmed Thursday that its forces had struck an oil depot in western Russia where officials earlier said Kyiv's drones had sparked a blaze in the Voronezh region.

The New Voice of Ukraine on M… · 17h

Ukraine's Armed Forces destroy Russian oil depot in Voronezh Oblast

At least three strike drones hit the Liskinsk oil depot in Russia's Voronezh Oblast, causing a large fire, according to Ukraine’s military. The depot, owned by Russian corporation Rosneft, stored fuel used by Russian occupation forces.

Oil prices climb on supply fears, Fed rate cut hopes

Oil prices climbed on Friday, heading for a fourth weekly gain, driven by concerns over tighter supply following U.S.

9hon 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 ...

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 ...

4hon MSN

India's IOC buys Middle East, African oil to replace Russian supply

Indian Oil Corp (IOC), the country's top refiner, has bought 7 million barrels of spot Middle Eastern and African crude oil ...

1don MSN

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 ...

Has China already reached peak oil?

In his 10 years in charge, Nasser has seen the value of Saudi oil exports to China more than triple, to a record $56bn in ...

Tanker under US sanctions discharges oil at Chinese port, LSEG data shows

A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China ...

Biden Administration Creates Final Limits for Oil Drillers in Alaska

Republicans said they were seeking ways to quickly reverse the restrictions in the state’s North Slope region.

Crude Oil Prices1d

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 ...

10h

Oil Futures Beat a Technical Retreat

Oil futures pull back from five-month highs reached on supply concerns around U.S. sanctions and winter heating fuel demand. "Crude oil finally caved under pressure from an overbought RSI," Mizuho's ...

3hon MSN

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 ...

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