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Oil, Gas prices

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 about risks to global supplies — though the agreement has reportedly hit a snag and has yet to take effect.

Morning Rush (Video) on MSN · 14h

U.S. Oil Prices Reach New Heights Since August

The United States is witnessing a significant uptick in oil prices, with crude oil trading at nearly $80 per barrel, a peak that was last observed in August. This 3% rise in oil costs, as reported on Wednesday,

WWL Radio New Orleans on MSN · 22h

Gasoline, oil prices up due to uncertainty over Russia and Trump

Gas prices have come up recently, and they could be headed up more in the future. “The market does not like uncertainty,” says AAA oil market analyst Don

BP, oil

CNN on MSN · 1d

Oil giant BP axing thousands of jobs

The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also said it was cutting 3,000 contractor roles and that 2,600 of those contractors had already departed.

Business Insider on MSN · 1d

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 · 1d

Oil Giant BP Cuts Thousands Of Jobs To Slash Costs

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

India is staring at an 'oil shock'

Reuters · 1d

Indian Oil Corp issues sour crude tender after latest Russia sanctions, sources say

Indian Oil Corp (IOC) is seeking high-sulphur oil from the spot market in its first sour crude import tender since March 2022, expecting the latest U.S. sanctions to hit supplies from Moscow, trade sources said on Thursday.

CNBC on MSN · 1d

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.

Hindustan Times on MSN · 21h

‘India in touch with US to clarify issues’: MEA on new sanctions on Russian oil

External affairs ministry spokesperson Randhir Jaiswal indicated that India had no plans to reduce oil purchases from Russia following the US sanctions

Russia, Voronezh Oblast and Oil Depot

Yahoo · 1d

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 · 1d

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 had said earlier that Kyiv's drones had sparked a blaze in the Voronezh region bordering Ukraine.

RBC Ukraine on MSN · 1d

Ukrainian military strikes Rosneft oil depot near Russia's Voronezh

Ukrainian forces attacked the Liskinskaya oil depot near Russia's Voronezh, which is part of the Rosneft structure, according to the General Staff of the Armed Forces of Ukraine and the Special Operations Forces.

1hon MSN

Ratcheting up sanctions on Russian oil may be the key to Trump's plan to end the war in Ukraine

"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.

9hon MSN

Oil Prices Are Up, But Oil Stocks Are Not. Why Energy Markets Have Gotten So Unpredictable.

Crude prices are up, in part, on new U.S. sanctions on Russian oil. But sanctions have proven not be a good reason to invest.

14hon MSN

Oil prices score a 4th straight weekly gain on supply fears

Oil futures settled lower on Friday, but scored a fourth straight week of gains after wider sanctions against Russia’s energy ...

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 ...

17h

US drillers cut oil and gas rigs to lowest since Dec 2021, Baker Hughes says

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest ...

1don MSN

Big Oil celebrates the return of Trump. Clean energy braces for trouble

Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape.

Has China already reached peak oil?

The implications of China hitting peak oil are enormous. If Chinese demand is reaching a plateau that would fulfil ...

21h

IMF lowers 2025 Saudi Arabia growth forecast on extended oil production cuts

The International Monetary Fund has lowered its 2025 GDP growth projection for Saudi Arabia to 3.3%, mainly due to extended ...

2don 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 ...

Crude Oil Prices2d

Can This Huge Oil Discovery Revive The Bakken Oil Boom?

U.S. shale can still surprise with undiscovered resources, even as more and more reports emerge suggesting that prime acreage ...

12h

Oil output, exports drove Guyana economy's growth of 43.6% in 2024

Guyana's economy achieved its fifth consecutive year of double-digit growth in 2024, expanding 43.6% as oil output and ...

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Oil, Gas prices

BP, oil

India is staring at an 'oil shock'

Russia, Voronezh Oblast and Oil Depot

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