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US energy agency revises up crude oil price forecasts for 2025

- International benchmark Brent crude estimated to average $74.31 per barrel

10:28 Oil

Russia requests urgent consultations with Serbia over US sanctions on Balkan state’s energy sector

- Russian foreign minister says Moscow expects to receive response from Serbia soon

14.01.2025 Energy Diplomacy

Russia accuses US of planning to destroy TurkStream gas pipeline

- Foreign minister claims Washington has plans aimed at damaging energy infrastructure delivering gas from Russia to Türkiye

14.01.2025 General

US imposes new sanctions on Russia’s esnergy sector, targets Rosatom officials

- Blinken says new sanctions 'will further constrain revenues from Russia’s energy resources', 'degrade' Putin's ability fund Ukraine war

12.01.2025 General

Brent rises nearly 3% following intensified US Sanctions on Russia

- Oil prices surged by nearly 3%, reaching their highest levels in three months, driven by supply concerns after the US administration intensified sanctions targeting Russia’s oil production and exports

10.01.2025 Oil

Oil down amid economic slowdown in China, weaker US demand outlook

- Lower-than-expected drop in US crude oil inventories suggest demand in world's largest oil consuming country weakened, influencing downward price movements

09.01.2025 Oil

Ontario premier suggests energy deal with US to stave off Trump's tariff, annexation threat

- Fortress Am-Can would benefit both countries: Doug Ford

09.01.2025 Energy Diplomacy

US crude oil inventories down by 0.2% for week ending Jan. 3

- Daily crude oil production decreases to around 14.01 million barrels per day

09.01.2025 Oil

Trump vows to revoke Biden offshore drilling ban

- 'Banning offshore drilling will not stand. I will reverse it immediately,' US president-elect says, 1 day after ban announced by outgoing leader

08.01.2025 General

Oil prices disappoint investors expecting a price hike in 2024

- Brent oil starts 2024 at elevated levels amid Middle East conflicts, ends year with a decline of around 3.6%, weighed down by mounting economic concerns

07.01.2025 Oil

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Oil prices drop amid recession fears and weaker demand outlook

- US President Joe Biden bans new offshore oil and gas drilling along most US coastlines

07.01.2025 Oil

US finalizing steps to delist Indian nuclear entities: Biden's top aide

- President Joe Biden's national security adviser Jake Sullivan meets Indian Primer Modi in New Delhi

07.01.2025 Energy Diplomacy

Biden bans offshore oil, gas drilling in most federal waters

- US president's executive action will ban new oil and gas leasing across 625 million acres of US ocean

07.01.2025 Natural Gas Oil

Biden blocks $14B sale of US Steel to Japanese firm

- 'U.S. Steel will remain a proud American company – one that’s American-owned, American-operated, by American union steelworkers – the best in the world,' says US president

04.01.2025 General