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EIA, Crude oil

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 by wider U.S. sanctions on Russia as well as cold weather in much of the U.

Markets Insider on MSN · 10h

Gas prices will fall in the next 2 years as global oil supply outpaces demand, EIA says

US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up output from record levels, the EIA said.

Reuters · 9h

US Crude oil stocks excluding SPR fall to 2-year low, EIA says

U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as exports rose and imports fell, the Energy Information Administration (EIA) said on Wednesday.

MarketWatch · 1d

EIA lifts natural-gas price forecast, expects global oil supply surplus this year

The Energy Information Administration lifted its U.S. natural-gas price forecast for this year with growth in demand, led by liquified natural gas exports, expected to outpace production growth, according to a monthly report released Tuesday.

Oil inches up

Reuters · 19h

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.

The Wall Street Journal on MSN · 15h

Oil Edges Higher Amid Uncertainty on Effect of U.S. Sanctions

Oil prices rose slightly as traders awaited more clarity on the effect of sanctions on Russia, while reports of an imminent cease-fire deal between Israel and Hamas capped gains.

Bloomberg on MSN · 15h

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,

Supreme Court, climate change and oil

Hawaii Public Radio · 1d

U.S. Supreme Court denies oil companies' bid to block Honolulu's climate cases

The U.S. Supreme Court has decided not to step in on a pair of major climate cases brought by the City and County of Honolulu against several oil companies.

The Garden Island · 16h

Supreme Court denies oil industry plea to block climate lawsuits

The Supreme Court dealt a major setback to the oil industry on Monday, refusing to block lawsuits from California and other blue states that seek billions of dollars in damages for the impact of climate change.

Business Insider · 1d

Supreme Court denies bid by oil firms to end Honolulu’s suit, Reuters says

A bid to the U.S. Supreme Court by major oil companies to end a lawsuit from Honolulu accusing the oil companies of “misleading the public for

China response key to crude oil after new sanctions on Russia: Russell

"This time it's different" is a well-worn cliché that seems to be getting another whirl with the latest U.S. sanctions ...

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 ...

13hon MSN

IEA Cuts 2025 Oil Demand Growth Forecast Moderately

The International Energy Agency on Wednesday lowered its projection for 2025 oil demand growth though the organization said ...

5hon MSN

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 ...

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 ...

20hon 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," ...

5hon MSN

Chevron says no commercial oil, gas found at Namibia exploration well

Chevron said on Wednesday it did not find commercial hydrocarbon reserves in an exploration well in Namibia's Orange Basin.

11hon 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 ...

Russia forms emergency task force as Kerch Strait oil spill spreads

An emergency task force arrived in Russia’s southern Krasnodar region on Sunday as an oil spill in the Kerch Strait from two ...

1don MSN

Oil Prices Are on a Tear. It’s a Short-Term Headache for Inflation.

Consumers are likely to see higher prices on gasoline front-loaded in the first half of 2025 and then see a slowdown start to ...

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