Oil prices rose due to new U.S. sanctions on Russian oil. OPEC+ waits as stockpiles grow. Asian LNG buyers have ample inventory, reducing spot purchases. Japan’s warmer season might start later. Egypt’s LNG exports lower prices. ExxonMobil enters Greek offshore project. Pemex discovers oil in Mexico. Arcius Energy acquires Shell’s interest in Egypt’s gas field. Petrobras workers consider a strike. Oil markets show bearish outlook. Chinese buyers reduce Saudi crude orders. Lukoil declares force majeure in Iraq. Shell exits offshore wind projects. China suspends metals export ban but keeps controls. Trump approves U.S. offshore lease sales. Hungary gets waiver to import Russian oil. Trans Mountain pipeline plans expansion. Kuwait seeks gasoline cargo. U.S. to block energy agency layoffs. Gold prices rise post U.S. government reopening expectations. Indonesia faces LNG shortage, looks to delay exports. Houthis hint at Red Sea attack pause. Nigeria to launch new licensing round to boost gas production.
Read more at Yahoo Finance: Oil Rises as Sanctions Hit Russian Exports and Lukoil Declares Force Majeure
