Oil Climbs for Second Day on Supply Fears Due to US sanctions on Russian Companies
Summary Brent, WTI both headed for 7% weekly gain US sanctions on two Russian oil companies raise supply concerns Chinese state oil majors to suspend Russian oil purchases Indian refiners…
Why Big Oil Is Asking EPA Not to Cut its Polluter Reporting Program
The Environmental Protection Agency’s proposal to stop greenhouse gas reporting for big polluters could save oil and gas companies up to $256 million a year, but some companies warn it…
US Oil Production Is Booming. So Is Demand.
The US will consume an annual average of 20.59 million barrels of oil a day in 2025, the highest in 18 years, according to current trends. High US per capita…
US Reopens Alaska Wildlife Refuge to Oil and Gas Development
(Reuters) – The Trump administration on Thursday announced a series of steps to open up Alaskan wilderness to energy and infrastructure development, including by resuming oil and gas leasing in…
Putin Says Russia Will Never Bow to US Pressure, Warns on Missiles
(Reuters) – President Vladimir Putin said on Thursday that Moscow would never bow to pressure from the United States or any other foreign power, and cautioned that it would deliver…
OPEC Ready to Raise Oil Output if Required After US Sanctions on Russia, Kuwaiti Minister Says
(Reuters) – OPEC is ready to raise production by rolling back its oil output cuts further if required to address market shortfalls after the United States imposed new sanctions on…
Google Backs US Gas Power Plant With Carbon Capture for Midwest Data Centers
(Reuters) – Google has entered into the first corporate agreement to buy electricity from a U.S. power plant using carbon capture and storage in a deal to help fuel its…
Oil Futures Return to Structure Signalling Tight Supply on Russia Sanctions
(Reuters) – The prompt Brent crude futures contract on Thursday returned to trading at a premium to the six-month contract after new U.S. sanctions on Russia revived concern of a…
India Poised to Sharply Cut Russian Oil Imports After U.S. Sanctions
Summary U.S. imposes sanctions on Russian producers Rosneft, Lukoil India is biggest buyer of seaborne Russian oil since Ukraine war Russian oil purchases a key Trump irritant in India trade…
Trump’s Russian Oil Sanctions Gambit Will Test His Tolerance for Pain: Bousso
Oil prices gained over 5% following news of the sanctions, with traders fearing a drop in global oil volumes. Rosneft and Lukoil collectively produce roughly 5% of global oil supplies,…
