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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.
Oil Headed for Weekly Gains on Supply Disruption Fears
Oil was on track for weekly gains of more than 2%, boosted by supply disruption concerns following the latest U.S. sanctions against Russia, with the market now looking ahead to Trump’s White House return for more clarity on trade tariffs and potential sanctions on Iran and Venezuela.
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,
The Punch Newspapers
8h
Dangote refinery projects 650,000bpd June, plans crude import
The Dangote Petroleum Refinery is planning to import more crude oil as supply from the NNPCL becomes insufficient for fuel ...
4d
Private equity firm sells San Antonio oil operator for $800 Million
EnCap Flatrock Midstream will receive over $800 million in cash for its sale of iIronwood Midstream Energy Partners II to ...
7d
Brent Crude Oil Hits $80 a Barrel for First Time Since October
Oil surpassed $80 a barrel as traders digested a report that Indian oil processors are bracing for new US sanctions that ...
Morningstar
9d
EMG Closes on the Sale of Its Crude Oil Business in the Delaware Basin
The Energy & Minerals Group (“EMG”) announced that it has closed the
sale
of one hundred percent ... company that owns over 140 miles of
crude
oil
pipelines and approximately 106,000 barrels ...
JD Supra
4d
FTC Imposes Record Fine on Oil Companies for Illegal Pre-Merger Conduct
On January, 7, 2025, the Federal Trade Commission (FTC) announced that crude oil producers XCL Resources Holdings, LLC (XCL), ...
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