Crude Pauses Near Two-Week High
Oil prices steadied near recent highs as traders weighed new US sanctions on Russia against a growing supply glut.
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Reliance Snaps Up Middle East Oil
India's Reliance Industries Ltd. has bought millions of barrels of crude from the Middle East and United States after Washington sanctioned two Russian producers.
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Oil Disruption Widens as China Pauses Some Russia Buys
Chinese state-owned companies including Sinopec canceled some purchases of seaborne Russian crude.
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EIA Fuel Update Shows Declining Trend in USA Gasoline Price
The U.S. Energy Information Administration's latest gasoline fuel update showed a declining trend for the U.S. regular gasoline price.
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There Are Signs the Supply Glut Is Now Hitting the Market
'Sentiment is souring', BMI analysts warned.
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Petrofac Back to Drawing Board in Restructuring Bid
Petrofac said it was ending its 'advanced stage' financial restructuring after TenneT dropped the British energy engineering company from multiple projects.
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Baker Hughes Plans to Buy Into Tamboran
The early-stage Australian gas E&P company launched an underwritten public offering of about 2.32 million common shares, under which Baker Hughes expressed interest to subscribe for up to $10 million.
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Merz Expects US Exemption for Rosneft in Germany
The German chancellor said he's optimistic that the U.S. will exempt Rosneft's German unit from Washington's latest sanctions against Russia.
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Saipem Posts Higher Profit for First 9 Months
'The trend of improvement in operational, economic and financial performance that started in 2022 continues in the third quarter of 2025'.
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Oil Futures Take Flight on Russia Sanctions
Oil surged over 5% after U.S. sanctions on Russia's top oil firms sparked fears of global supply disruptions.