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.
Oil prices steadied near recent highs as traders weighed new US sanctions on Russia against a growing supply glut.
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.
Chinese state-owned companies including Sinopec canceled some purchases of seaborne Russian crude.
The U.S. Energy Information Administration's latest gasoline fuel update showed a declining trend for the U.S. regular gasoline price.
'Sentiment is souring', BMI analysts warned.
Petrofac said it was ending its 'advanced stage' financial restructuring after TenneT dropped the British energy engineering company from multiple projects.
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.
The German chancellor said he's optimistic that the U.S. will exempt Rosneft's German unit from Washington's latest sanctions against Russia.
'The trend of improvement in operational, economic and financial performance that started in 2022 continues in the third quarter of 2025'.
Oil surged over 5% after U.S. sanctions on Russia's top oil firms sparked fears of global supply disruptions.