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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 29 cents,
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 $80.22 a barrel, while WTI was up 0.5% to $76.74 a barrel. Further gains are also being capped by reports of a potentially imminent cease-fire deal between Israel and Hamas.
US Sanctions to Have 'Significant' Impact on Russian Oil
The latest US sanctions have the potential to significantly disrupt Russia's energy exports, the International Energy Agency said. "We're waiting to see how things will unfold before putting a number on it,
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 from sanctions on Russian tankers, though gains were capped as the market awaited more clarity on their impact.
45m
Russian Oil Products Trapped at Sea by US Sanctions, LSEG Data Shows
The vessels under the latest U.S. sanctions include nine tankers that loaded oil products at Russian Baltic and Black Sea ...
1h
Oil tycoon Shvidler says UK sanctions are arbitrary in landmark appeal
A billionaire oil tycoon tried again on Wednesday to overturn British sanctions imposed over Moscow's invasion of Ukraine in ...
17h
U.S. Oil Production Is Booming. Oil Jobs Are Not.
The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as ...
17h
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 ...
3h
on 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 ...
7h
on 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," ...
14h
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 ...
2h
on MSN
Russia offers to provide LNG, crude oil to Vietnam
Russia is willing to help develop Vietnam's nuclear power sector and provide it with crude oil and LNG, the two countries ...
1d
on MSN
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 ...
15h
on MSN
Oil ends lower after a 3-day rally lifted prices to their highest since August
Oil futures pulled back Tuesday, giving back some ground after a three-day rally driven in part by a new round of U.S.
20h
The Czech Republic Ends Its Energy Dependence on Russian Oil Imports
The Czech government says the country has boosted its energy security by completing a project to finish its dependence on oil ...
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