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Oil retreats slightly

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 oil industry.

Reuters · 18h

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.

QuickTake on MSN · 20h

Why Latest US Sanctions on Russian Oil Are a Big Deal

In the final days of Joe Biden’s presidency, the US unveiled its most sweeping and aggressive effort yet to disrupt the oil shipments that are helping Russia to fund its war in Ukraine.

BP, oil

CNN on MSN · 17h

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 · 20h

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 · 18h

Oil Giant BP Cuts Thousands Of Jobs To Slash Costs

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

Russia, Oil Depot and Voronezh Oblast

Yahoo · 18h

Ukrainian drones hit Russian oil depot in Voronezh Oblast, military claims

According to the military, the targeted oil depot stored fuel, which was used for the needs of the Russian army. The statement came after Russian reports of the oil depot on fire in Voronezh Oblast. The village of Liski in Voronezh Oblast lies over 150 kilometers (98 miles) east of the Ukrainian border.

Barron's · 19h

Ukraine Confirms Attack On Oil Depot In Western Russia

Ukraine confirmed Thursday that its forces had struck an oil depot in western Russia where officials earlier said Kyiv's drones had sparked a blaze in the Voronezh region.

The New Voice of Ukraine on M… · 17h

Ukraine's Armed Forces destroy Russian oil depot in Voronezh Oblast

At least three strike drones hit the Liskinsk oil depot in Russia's Voronezh Oblast, causing a large fire, according to Ukraine’s military. The depot, owned by Russian corporation Rosneft, stored fuel used by Russian occupation forces.

9hon 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 ...

17h

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 ...

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 ...

Tanker under US sanctions discharges oil at Chinese port, LSEG data shows

A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China ...

14hon MSN

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 ...

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 ...

1don MSN

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 ...

2don 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," ...

Biden Administration Creates Final Limits for Oil Drillers in Alaska

Republicans said they were seeking ways to quickly reverse the restrictions in the state’s North Slope region.

Has China already reached peak oil?

In his 10 years in charge, Nasser has seen the value of Saudi oil exports to China more than triple, to a record $56bn in ...

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