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The Latest Breaking News from Oil

Brent surges as US sanctions suffocate Russian oil flows

Fresh US measures against Russian energy giants are tightening the seaborne supply of oil, pushing Brent higher as traders price in risk.

Euronews

Latest EU sanctions against Russia target liquefied natural gas

Measures also add 117 shadow fleet vessels to list of those suspected of illegal oil shipments and banned from ports

The Guardian - UK

Indian Refiners Plan Major Russian Oil Cuts After US Targets Rosneft, Lukoil: Report

The U.S. sanctioned Rosneft and Lukoil, two of Russia’s largest oil companies, in an effort to restrict Moscow's energy earnings.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Shadow fleet targeted as EU advances frozen assets plan for Ukraine

The European Union on Thursday agreed a new sanctions package targeting Russia’s “shadow fleet” of oil tankers and banning imports of Russian liquefied natural gas. The move comes as Ukrainian President Volodymyr Zelensky joins EU leaders at a summit in Brussels to push for more support against Russia’s invasion.

Radio France Internationale

The OBBB Ushers in a New Era of Energy Investing: What You Need to Know About Tax Breaks and More

The new tax law has changed the energy investing landscape with expanded incentives and permanent tax benefits for oil and gas production.

Kiplinger

Struggling frackers lean in on powering data centers to grab a slice of the AI pie amid crude oil slump

The CEO of the U.S. energy secretary’s fracking company said Trump’s tariffs are getting in the way of U.S. energy and AI dominance.

Fortune

Will Trump’s new sanctions on Russian oil companies actually work to stop Putin?

New sanctions unveiled just a day after Trump said he would cancel ‘wasted’ meeting with Putin in Budapest

The Independent UK

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Philippine victims of 2021 typhoon seek compensation from Shell

Philippine victims of a 2021 typhoon are seeking compensation from energy giant Shell for damage that they say was intensified by climate change worsened by the oil and gas company's carbon emissions

The Independent UK

Putin calls new US sanctions an ‘unfriendly act’ but claims they won’t affect Russian economy – as it happened

Russian president says Moscow will deliver ‘overwhelming’ response to strikes inside Russia

The Guardian - UK

Oil price jumps and FTSE 100 hits new high after Trump puts sanctions on Russian firms

Assets in US belonging to Rosneft and Lukoil frozen as shares in Shell and BP rise by 3%

The Guardian - UK

Oil And Gas Majors Stick To Their Guns On Climate Advertising

Oil and gas companies have increasingly come under legal attack over their role in contributing to global warming, yet unlike other industries that face tougher regulations they have not abandoned their climate marketing claims.

International Business Times

UK manufacturers hit by largest drop in orders since 2020; FTSE 100 hits record high – as it happened

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects ahead

The Guardian - UK

TotalEnergies faces key ruling in Paris over claims of greenwashing

A Paris court will rule on Thursday whether France’s TotalEnergies misled the public about its environmental record – a case that could reshape corporate climate advertising across Europe.

Radio France Internationale

Asian shares retreat and crude prices soar $2 after Trump sanctions Russian oil giants

Shares are mostly lower in Asia following a retreat on Wall Street, while crude prices jumped more than $2 after U.S. President Donald Trump announced sanctions on Russian oil giants

The Independent UK

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The Independent UK

On Mount of Olives where Jesus prayed, monks and nuns keep harvesting olives

Come October, monks and nuns are busy harvesting olives at the Mount of Olives and the Gethsemane garden — where the Gospel narrates Jesus spent the last night before being taken up the other side of the valley into Jerusalem to be crucified

The Guardian - AU

Will US sanctions on Russian oil companies be effective, and why is Trump imposing them now?

Measures against Rosneft and Lukoil mark first time US has imposed sanctions on Russia since Trump’s return to office

The Independent UK

Ukraine-Russia war latest: Kyiv allies pledge to take Russian oil off market to ‘choke’ Putin’s war machine

Sir Keir Starmer said allies had agreed a ‘clear plan for the rest of the year’ on supporting Ukraine

International Business Times

Crude Spikes As Trump Threatens Russian Giants, Stocks Turn Lower

Crude prices spiked more than two percent Thursday after Donald Trump said he would hit two Russian oil companies with hefty sanctions, while talk that the White House was planning curbs on software exports to China added to gloom on markets.

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Benzinga

Trump Freezes Out Moscow, Full Sanctions Slapped On Russian Oil Giants Rosneft And Lukoil — Crude Oil Futures Surge

In a sweeping escalation of economic pressure on Russia, the U.S. Department of the Treasury said that it will be imposing full blocking sanctions on its two largest oil companies, Rosneft and Lukoil, citing Moscow’s “lack of serious commitment to a peace process to end the war in Ukraine.”

The Guardian - AU

Ukraine war briefing: Ukrainians may get Gripen fighter jets bought with Russian money

Double dose of Russian oil sanctions from EU and US; freezing war at current frontlines is ‘good compromise’, says Zelenskyy. What we know on day 1,338

The Guardian - US

Trump news at a glance: Oil prices jump after president puts sanctions on Russia in major policy shift

Trump, who has to date not put sanctions on Russia over the war and instead relied on trade measures, says Rosneft and Lukoil will be targeted. Key US politics stories from Wednesday 22 October

The Guardian - US

US sanctions major Russian oil companies and calls for Moscow to accept immediate Ukraine ceasefire – as it happened

Trump says he canceled meeting with Putin because ‘we have good conversations but then they don’t go anywhere’

Axios

U.S. sanctions Russia's 2 biggest oil firms after Trump cancels Putin summit

This is the first time the U.S. has imposed sanctions against Russia over the war with Ukraine since Trump assumed office.

The Guardian - UK

US imposes sanctions on Russian oil over Putin’s ‘refusal’ to end war in Ukraine

Trump administration hardens stance against the Kremlin day after cancelling a planned summit with Russian leader

Barchart

Cotton Faces Weakness on Wednesday

Cotton futures closed the Wednesday session with losses of 53 to 68 points. Crude oil rallied $1.56/barrel back to near the $60 level, as President Trump is increasing sanctions on Russian oil companies. The US dollar index was down $0.016 to $98.695. The Tuesday online auction from The Seam showed...

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