Tuesday, November 18, 2025
Factbox: Who is buying Russian crude oil and who has stopped- oil and gas 360

Factbox: Who is buying Russian crude oil and who has stopped

Yahoo  Here is the response by countries regarding purchases of Russian oil following Moscow’s invasion of Ukraine on Feb. 24, and how companies have acted.   COUNTRIES’ RESPONSES Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases but the 27 members of the European Union have not been able to agree on the embargo.

Biden scraps offshore oil auctions in Alaska and Gulf of Mexico- oil and gas 360

Biden scraps offshore oil auctions in Alaska and Gulf of Mexico

World Oil (Bloomberg) — The Biden administration is scrapping planned auctions of drilling rights in the Gulf of Mexico and Alaska’s Cook Inlet — a move that deepens uncertainty over the future of the U.S. government’s offshore oil leasing program. The Interior Department said in an emailed statement it “will not move forward” with two Gulf lease auctions that were

Oil rises as supply concerns outweigh reduced demand, recession risks- oil and gas 360

Oil rises as supply concerns outweigh reduced demand, recession risks

Yahoo Finance Oil prices rose on Thursday, reversing earlier losses, as supply concerns and geopolitical tension in Europe got the upper hand over the economic fears dogging financial markets as inflation soars. Brent crude rose 46 cents, or 0.4%, to $107.97 a barrel by 11:44 a.m. EDT (1644 GMT). WTI crude rose $1.14, or 1.1 %, to $106.85. “The trading

Gasoline, diesel prices rise to another record amid rampant inflation- oil and gas 360

Gasoline, diesel prices rise to another record amid rampant inflation

CNBC Retail diesel and gasoline prices climbed to another record high Thursday, as rampant inflation sends costs across the economy surging. The national average for a regular gallon of gasoline hit $4.418 on Thursday, according to AAA. The price is not adjusted for inflation. Prices had previously hit all-time highs on Tuesday and Wednesday. Consumers are now paying 32 cents per