India is staring at an oil shock as U.S. sanctions on Russian crude loom
The U.S. recently announced sanctions on Russian oil producers, along with vessels that have been shipping barrels of Russian crude. India will be hit the hardest by the sanctions, more so than China which has also been snapping up Moscow's cheap oil,
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.
New U.S. Sanctions on Russia, Iran Oil Could Support Oil Prices
Oil futures edged higher and Phillip Nova said the potential impact of the new U.S. sanctions on Iranian and Russian crude oil exports could be bullish for prices.
India Rushes to Pay for Russian Oil Ahead of Sanctions Cutoff
India’s state refiners are rushing to speed up payments for Russian crude, hoping to complete their trades before a dramatic expansion of Washington’s curbs on Moscow’s oil industry effectively comes into force next month,
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.
China's 2024 crude steel output slips to five-year low on feeble property demand
China's crude steel output in 2024 fell 1.7% from the prior year to a five-year low, official data showed on Friday, hit by a ...
Crude Oil Prices2d
Crude Inventories Continue to Draw as Product Inventories Soar
The API reported yet another draw in crude oil inventories, but fuel inventories continue to increase at a clip ...
MarketWatch1d
Crude Oil WTI (NYM $/bbl) Front Month
2-Year U.S. Treasury Note Continuous Contract $102.699-0.055-0.05% 5-Year U.S. Treasury Note Continuous Contract $105.977-0.102-0.10% 10-Year U.S. Treasury Note Continuous Contract $108.219-0.109 ...
AAA reports state gas price average is up one cent, crude oil price rising
According to the AAA Arkansas Weekend Gas Watch, the statewide gas price average in The Natural State is $2.72 for a gallon ...
Vanguard14h
Crude oil price will dictate petrol pump price, says FG
Senator Heineken Lokpobiri on Thursday insisted that fluctuations in the pump price of petrol would be determined by the ...
Brent Crude Oil Hits $80 a Barrel for First Time Since October
Oil surpassed $80 a barrel as traders digested a report that Indian oil processors are bracing for new US sanctions that ...
AAA: Rising crude oil could affect pump prices
While the latest Energy Information Administration report shows a downward trend in gasoline demand with increased supplies, ...
IOC buys 7 million barrels of Middle Eastern, African crude oil via tenders
Indian refiners are increasing Middle Eastern crude purchases from the spot markets after Washington last Friday announced ...
Russia’s Crude Shipments Tumble to the Lowest in 16 Months
Russia’s seaborne crude exports slumped to the lowest level since August 2023, with the latest dip stretching the loss since ...