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Oil up, heads for Fourth weekly gain

Oil prices on track for fourth straight weekly gain on supply fears

Oil futures traded a bit lower on Friday, but were on track for a fourth straight week of gains after wider sanctions against Russia’s energy industry tightened supply.

Reuters on MSN · 3h

Oil set for fourth week of gains on US sanctions

Oil prices edged lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions. Brent crude futures were down 41 cents,

The Wall Street Journal on MSN · 11h

Oil Headed for Weekly Gains on Supply Disruption Fears

Oil was on track for weekly gains of more than 2%, boosted by supply disruption concerns following the latest U.S. sanctions against Russia, with the market now looking ahead to Trump’s White House return for more clarity on trade tariffs and potential sanctions on Iran and Venezuela.

Trump Team Readies Oil Sanctions Plan for Russia Deal

Hosted on MSN · 5h

Russian oil tankers still under construction included in U.S. sanctions

Six Russian oil tankers still under construction by Russia's Zvezda shipyard were included in U.S. sanctions imposed last week, the first time Washington is known to have banned tankers before they even set sail,

The Financial Times · 1d

Donald Trump’s Treasury pick stresses need for tougher sanctions on Russian oil

The comments on Thursday by Donald Trump’s nominee to be Treasury secretary pushed up oil prices, as traders considered the prospect of tighter global crude supply. The new administration is also expected to target Iranian and Venezuelan oil with tougher sanctions as Trump seeks to increase economic pressure on the US’s adversaries.

Bloomberg on MSN · 1d

Trump Team Readies Oil Sanctions Plan for Russia Deal, Iran Squeeze

Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months while at the same time squeezing Iran and Venezuela,

BP, oil

CNN on MSN · 1d

Oil giant BP axing thousands of jobs

BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive. The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year.

Business Insider on MSN · 1d

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.

Barron's · 1d

Oil Giant BP Cuts Thousands Of Jobs To Slash Costs

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

US drillers cut oil and gas rigs to lowest since December 2021, Baker Hughes says

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest ...

Why Oil Industry Jobs Are Down, Even With Production Up

The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as ...

23hon 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 ...

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 ...

IMF lowers 2025 Saudi Arabia growth forecast on extended oil production cuts

The International Monetary Fund has lowered its 2025 GDP growth projection for Saudi Arabia to 3.3%, mainly due to extended ...

10hon MSN

Big Oil celebrates the return of Trump. Clean energy braces for trouble

Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape.

Has China already reached peak oil?

The implications of China hitting peak oil are enormous. If Chinese demand is reaching a plateau that would fulfil ...

3hon MSN

SLB boosts dividend and buybacks, but warns of oil oversupply

Oilfield company SLB raised its quarterly dividend and accelerated share repurchases on Friday as its fourth-quarter profit ...

19hon MSN

Biden makes last-minute bid to thwart Arctic oil drilling

The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum ...

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 ...

14hon MSN

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 ...

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