Oil retreats slightly

Oil retreats slightly after boost from US crude draw, Russia sanctions
Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest sanctions targeting Russia and a larger than forecast fall in U.S. crude stocks.
Crude Prices End Lower on Speculation US Will Ease Russian Crude Sanctions
Thursday closed down -1.36 (-1.70%), and February RBOB gasoline (RBG25) closed down -0.0357 (-1.65%). Crude and gasoline prices retreated Thursday on speculation that President-elect Trump will ease sanctions on Russian energy exports to facilitate a diplomatic accord between Russia and Ukraine.
Trump readies tougher oil sanctions against Russia, Iran
Scott Bessent, Donald Trump’s nominee for Treasury secretary said he supports dialling up the sanctions on the Russian oil industry to end the war in Ukraine.
Russia faces higher costs on sea-borne oil exports due to new US sanctions
Sweeping U.S. sanctions on Russia's oil industry will make it more expensive for Moscow to sell its oil and complicate sea-borne crude exports due to restrictions on tankers, analysts and traders said on Monday.
U.S. sanctions on Russia hit oil freight rates
On Jan. 10, the U.S. Treasury announced fresh measures to deplete Russia's energy revenues, including on 183 vessels, largely oil tankers.
Sanctions triple Russian oil transport costs via shadow fleet
The cost of transporting Russian oil via the "shadow fleet" has tripled following implementing the latest American sanctions package, Bloomberg reported on Thursday, emphasising that, according to experts,
US sanctions threaten Russia’s seaborne oil exports – Bloomberg
Russian seaborne oil exports may decrease in the coming weeks after the United States imposed sanctions on two of Russia’s largest exporters and about 160 tankers in the shadow fleet, Bloomberg reports.
Shadow fleet of tankers keeps Russia’s oil money flowing despite Western sanctions
The shadow fleet in fact isn't all that shadowy. The ships don't hide their stops at Russian oil terminals. Some have direct connections to Russia.
Oil price risk is expected to increase because of sanctions supply – Goldman
Oil price risks are skewed to the upside due to sanctions supply disruptions, said Samantha Dart, co-head of global ...
Oil Prices Climb Above $80 Per Barrel Amid Biden's Latest Sanctions
Prices surged after the administration imposed what officials called "most significant sanctions yet on Russia's energy ...
Oil ends lower, with U.S. prices failing to hold above $80 a barrel
Oil futures settled lower on Thursday, pulling back as news of an Israel-Hamas cease-fire deal helped to ease some worries ...
Mideast oil prices jump on robust China, India demand post-sanctions
Spot premiums for Middle East crude rose to their highest in more than two years as strong demand from top importers China ...
U.S. Sanctions Push Oil Prices to Five-Month High
Global oil prices closed at their highest level since August, boosted by the prospect of new sanctions reducing Russian crude ...
Oil Edges Higher Amid Uncertainty About Effect of U.S. Sanctions
Oil prices were edging up as traders await more clarity on the effect of U.S. sanctions on Russia. Brent crude was up 0.4% at ...
Biden admin imposes harsh sanctions on Russian oil industry to cut off funding for Ukraine war effort
The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest ...
Trump Treasury Nominee Scott Bessent: More Sanctions Could Bring Russia "To The Table" On Ukraine
Scott Bessent, Donald Trump's nominee for Treasury Secretary, said during a confirmation hearing Thursday that he is ...
Tanker under US sanctions discharges oil at Chinese port, LSEG data shows
A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China ...