New U.S. sanctions on Russian oil may hurt oil supplies in the near term.
HOUSTON, Jan. 13, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) announced today that it has commenced a cash tender offer (the “Tender Offer”) for any an
HOUSTON, Jan. 13, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T Offshore” or the “Company”) today announced its intention to offer, subject to market and other conditions, $350
Oil traders bet that new sanctions could disrupt supplies from Russia.
Oil markets are moving higher as traders bet that cold weather would boost demand for energy.
Oil markets gained downside momentum after the release of the EIA report.
HOUSTON, Jan. 08, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today provided operational and financial updates on recent developments.
According to recent reports, several China ports blacklisted U.S. – sanctioned vessels, which is bullish for oil.
Sudan lifted force majeure on the transport of crude oil, which was bearish for oil markets.
Brent and WTI crude could see downward pressure in 2025 as rising non-OPEC output tips the market into surplus, weighing on prices.
The better-than-expected China NBS Non Manufacturing PMI report provided support to oil markets.
Oil traders are waiting for PMI data, which will be released in early January.
Oil markets are moving higher as traders focus on the EIA Weekly Petroleum Status Report.
Oil prices are under pressure after Christmas.
WTI oil is trying to settle back above the psychologically important $70.00 level.
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