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EIA, Crude oil

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 by wider U.S. sanctions on Russia as well as cold weather in much of the U.

Markets Insider on MSN · 9h

Gas prices will fall in the next 2 years as global oil supply outpaces demand, EIA says

US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up output from record levels, the EIA said.

Reuters · 8h

US Crude oil stocks excluding SPR fall to 2-year low, EIA says

U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as exports rose and imports fell, the Energy Information Administration (EIA) said on Wednesday.

MarketWatch · 15h

EIA reports a weekly fall in U.S. crude supplies, but inventory rises

Oil futures pared some of their early gains on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for an eighth week in

Russia, The crude oil and U.S. sanctions

Hosted on MSN · 4h

Oil rallies, settles at multi-month high on US crude draw, Russia sanctions

Oil prices rose more than 2% on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions on Russia, while a Gaza ceasefire deal limited gains.

U.S. News & World Report · 13h

Russian Oil Products Trapped at Sea by US Sanctions, LSEG Data Shows

Nearly 500,000 metric tons of Russian oil products are trapped on tankers hit by U.S. sanctions, LSEG data showed on Wednesday. On Jan. 10, new Russia-related sanctions targeted more than 180 vessels and insurance companies,

Bloomberg L.P. · 1d

Oil Freight Traders Pile In as Russia Sanctions Push Rates Up

Oil-freight derivatives trading surged to the highest in at least a decade as the Biden administration’s sanctions on Russia continued to propel supertanker rates higher.

Oil prices pull back

Reuters · 1d

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.

MarketWatch on MSN · 1d

Oil prices pull back after rising to their highest since August on Russia sanctions

Oil futures pulled back Tuesday, giving back some ground after a three-day rally driven in part by a new round of U.S. sanctions on Russia’s oil industry.

The Wall Street Journal on MSN · 1d

Oil Eases as Market Weighs U.S. Sanctions on Russia

Oil eased slightly in early trade after rallying to a multi-month high as the market weighs the impact of U.S. sanctions on Russian supplies.

Supreme Court, climate change and oil

Hawaii Public Radio · 1d

U.S. Supreme Court denies oil companies' bid to block Honolulu's climate cases

The U.S. Supreme Court has decided not to step in on a pair of major climate cases brought by the City and County of Honolulu against several oil companies.

The Garden Island · 15h

Supreme Court denies oil industry plea to block climate lawsuits

The Supreme Court dealt a major setback to the oil industry on Monday, refusing to block lawsuits from California and other blue states that seek billions of dollars in damages for the impact of climate change.

Business Insider · 1d

Supreme Court denies bid by oil firms to end Honolulu’s suit, Reuters says

A bid to the U.S. Supreme Court by major oil companies to end a lawsuit from Honolulu accusing the oil companies of “misleading the public for

18h

Oil inches up, but uncertainty over sanctions impact caps gains

Oil prices rose on Wednesday trimming losses from the previous day, as the focus turned back to potential supply disruptions ...

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 ...

19hon MSN

Finland had 12 minutes left to stop a Russia-linked oil tanker from dealing 'much worse' damage to its undersea cables, president says

"Had it continued for another 12 minutes, the carnage would have been much worse than the four basic cables that were there," ...

4hon MSN

Chevron says no commercial oil, gas found at Namibia exploration well

Chevron said on Wednesday it did not find commercial hydrocarbon reserves in an exploration well in Namibia's Orange Basin.

12hon MSN

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 ...

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 ...

10hon MSN

IEA Trims Oil-Demand Outlook, But Still Expects Stronger Growth This Year

The International Energy Agency slightly lowered this year’s global oil-demand outlook, but said it still expects growth to ...

US and Canada Energy Stocks Diverge as Alberta Warns on Oil Tariffs

Canadian oil and gas stocks fell the most this year, even as US producers rallied, after Alberta’s premier warned that the ...

1don MSN

Oil Prices Are on a Tear. It’s a Short-Term Headache for Inflation.

Consumers are likely to see higher prices on gasoline front-loaded in the first half of 2025 and then see a slowdown start to ...

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