Oil gains capped by uncertainty over sanctions impact
Oil prices crept higher on Wednesday as the market focused on potential supply disruptions from sanctions on Russian tankers, though gains were tempered by a lack of clarity on their impact. Brent crude futures rose 16 cents,
Oil Prices Climb Above $80 Per Barrel Amid Biden's Latest Sanctions
Prices surged after the administration imposed what officials called "most significant sanctions yet on Russia's energy sector."
Oil Prices Jump to 4-Month High on Fresh U.S. Sanctions
New US sanctions targeting Russia's oil industry, including Gazprom and the "shadow fleet", have pushed oil prices higher and forced Asian buyers to seek alternative sources.
U.S. Sanctions Push Oil Prices to Five-Month High
Global oil prices were on track to settle at their highest level since August, boosted by the prospect of new sanctions reducing Russian crude exports.
Oil prices climb 2% to 4-month high with sanctions expected to disrupt Russian supplies
Oil prices climbed about 2% to a four-month high on Monday on expectations that wider U.S. sanctions on Russian oil would force buyers in India and China to seek other suppliers.
US Sanctions May Impact Russian, Iranian Oil Supplies: IEA
A colder winter has pushed global oil demand higher while new US sanctions on Russia and Iran could tighten supplies from those countries, the International Energy Agency said Wednesday.
What The Latest Russia Sanctions Mean For Oil Markets
The outgoing Biden administration fired a parting salvo of enhanced sanctions at Russia last Friday, January 10. In so doing, it surprised the oil market and shifted the prevailing bearish market zeitgeist.
US sanctions against Russian oil halt billions at sea
Sanctions imposed by the United States on 10th January against the Russian oil sector have halted about one-tenth of Russia's shadow fleet. The value of the oil it transports could exceed £2.9 billion.
IEA expects new US sanctions on Russia to strain global oil supply
New and more expansive US sanctions against Russia are likely to significantly disrupt oil supplies, the International Energy Agency said on Wednesday. The IEA said in its monthly Oil Market Report: Washington targeted two major oil producers (Gazprom Neft and Surgutneftegaz),
Oil prices slip on US energy demand forecast
Oil prices slipped on Tuesday after a U.S. government agency forecast steady U.S. oil demand in 2025 while lifting its ...
Oil prices tick higher after snapping 3-day winning streak
Oil futures were up modestly Wednesday, finding support after snapping a three-day winning streak that had been driven in ...
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 ...
Crude Oil Prices Up 6% In A Week, U.S. Maintains Russian Sanctions Won’t Hit Prices
The crude oil market is on the boil again with prices surging 6% in the past one week in anticipation of the U.S. sanctions ...
Oil News: Will EIA’s Oversupply Forecast Undermine Sanctions-Driven Optimism?
API reports a 2.6M-barrel crude draw, lifting prices, but EIA’s bearish outlook looms as traders await the weekly inventories ...
Crude Oil Prices23h
Oil Prices Remain Elevated After Russia Sanctions Sparked Supply Concerns
The size and scope of new U.S. sanctions on Russia sent oil prices spiking on Monday, and both Brent and WTI have retained ...
IEA Cuts 2025 Oil Demand Growth Forecast Moderately
The International Energy Agency on Wednesday lowered its projection for 2025 oil demand growth though the organization said ...