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Oil climbs, set for 4th week of gains

Oil set for fourth week of gains as investors assess US sanctions impact

Oil prices rose on Friday, on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade heightened expectations for oil supply disruptions.

MarketWatch on MSN · 1h

Oil prices on track for fourth straight weekly gain on supply fears

Oil futures were slightly lower early Friday, but on track for a fourth straight week of gains after wider sanctions against Russia’s energy industry tightened supply.

Barron's · 5h

Oil Set for Weekly Gains on Russia Sanctions Fears

Oil prices were on track for weekly gains of more than 2%, boosted by supply disruption concerns following the latest round of U.S. sanctions against Russia. Brent crude was up 0.3% at $81.59 a barrel,

BP, oil

CNN on MSN · 1d

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 · 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.

Russia, Oil Depot and Voronezh Oblast

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.

The New Voice of Ukraine on MSN · 1d

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.

4hon 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.

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 ...

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 ...

17hon 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 ...

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 ...

19hon MSN

Here's what Trump could do to boost the oil and gas industry on day one of his new term

President-elect Trump is gearing up to support the oil and gas industry by directing agencies to unwind climate rules ...

2hon MSN

TSX futures rise on oil gains, but traders brace for Trump presidency

Futures for Canada's main stock index rose on Friday as oil prices increased, while investors await next week's domestic ...

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 ...

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 ...

14h

Biden makes last-minute bid to thwart Arctic oil drilling

The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum ...

10hon MSN

Trump Treasury pick Bessent backs Fed independence, dollar, sanctions on Russian oil

President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday that the dollar should remain the ...

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