Focus on Oil
Column: China response key to crude oil after new sanctions on Russia
China may cut crude imports and tap inventories as U.S. sanctions on Russian oil disrupt supply, pressuring global prices.
Civitas Resources weighs sale of DJ Basin assets, Bloomberg News reports
Civitas Resources is considering selling its Denver-Julesburg Basin assets, potentially valued over $4 billion, to focus on Permian.
Oil tycoon Shvidler says UK sanctions are arbitrary in landmark appeal
In the first case of its kind to reach the UK's Supreme Court, a billionaire oil tycoon challenges UK sanctions.
Russian oil products trapped at sea by US sanctions, LSEG data shows
Nearly 500,000 metric tons of Russian oil products are trapped on tankers hit by U.S. sanctions, LSEG data showed on Wednesday.
Trump’s energy department pick calls for more LNG and nuclear power
Trump's Energy Department pick, Chris Wright, prioritizes expanding U.S. energy production.
BP nears deals for oil fields, curbs on gas flaring in Iraq
The mega-project in northern Iraq will include plans to recover flared gas to boost the country's electricity production.
Colonial Pipeline shuts main gasoline artery after potential gasoline spill
Colonial Pipeline shuts main gasoline line after potential leak in Georgia; traders expect service to resume tonight.
Risks from unregulated tanker fleet rising, UN shipping chief says
UN shipping chief warns shadow fleet poses rising risks to environment, seafarers amid sanctions on Russia, Iran, Venezuela.
EIA expects oil prices to be under pressure from oversupply in 2025, 2026
U.S. oil production is poised to set a larger record this year than prior estimates, the EIA said in its Short-Term Energy Outlook...
Analysis: Russia’s Arctic oil feels the chill from US sanctions
US sanctions disrupt Russia's Arctic oil, stranding supplies and impacting global markets.
