What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Oil prices jumped 4% on a wave of new retaliatory sanctions on Russian crude over Moscow's repeated bombardment of Ukraine, adding to fresh trade and inflation anxiety on Wall Street just as megacap Tesla tumbled overnight on a big profits miss. U.S. President Donald Trump hit Russia's two biggest oil companies, Rosneft and Lukoil, with the sanctions in a turnaround that also saw him cancel a [Read more]
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Replacing LNG supplies from Russia’s Sakhalin-2 would be costly, Japan says
Liquefied natural gas supplies from Russia's Sakhalin-2 project play an "extremely important role" in Japan's energy security and replacing them would be costly and cause higher electricity prices, Japan's industry minister said on Thursday. Ahead of U.S. President Donald Trump's visit to Japan next week, U.S. Treasury Secretary Scott Bessent has urged Tokyo to stop its Russian energy purchases, which mainly consist of LNG that accounts for 9% of Japan's imports of the fuel. Ryosei [Read more]
Russia says EU’s ban on Russian LNG is self-destructive
Russia said on Thursday that a European Union plans to ban on Russian liquefied natural gas imports were completely self destructive given the lack of gas reserves in Europe and the growing consumption of energy from Artificial Intelligence. Russian Foreign Ministry spokeswoman Maria Zakharova said that the EU had failed to take into account the impact of its actions on the energy markets or on the bloc's own interests. "We are talking about that part of the European continent that does [Read more]
Prospera Energy Launches Key Infrastructure Upgrades to Unlock Next Phase of Production Growth
CALGARY, Alberta, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) ("Prospera", “PEI” or the "Corporation") Prospera Energy is pleased to announce the commencement of a major pipeline replacement and infrastructure upgrade project in the Cuthbert area. The project involves the replacement of two key legacy pipelines over a ten-day construction period, with a total capital investment of approximately $500,000. The new pipelines are constructed using [Read more]
Spot premium for Mideast benchmark jumps after US sanctions top Russian oil producers, sources say
The spot premium for the Middle Eastern oil benchmark Dubai crude jumped on Thursday after the United States sanctioned top Russian oil producers, trade sources said. U.S. hit major suppliers Rosneft and Lukoil with sanctions over the Ukraine war, sparking concerns over tighter supply of Russian oil, a major source for refiners in India and China. The Dubai benchmark settled around $2.70 per barrel, more than doubling from $1.26 per barrel in the previous session, they said. Rosneft and [Read more]
UBS sees short-term volatility in oil market after new US sanctions, oversupply to limit rally
UBS said on Thursday that fresh U.S. and EU sanctions targeting Russian energy firms could introduce short-term volatility to crude prices but are unlikely to spark a sustained rally due to oversupply in the global oil market. The bank forecasts Brent crude prices to remain in the $60-$70 per barrel range, adding that previous sanctions had little effect on Russian export volumes, as oil continued to move via alternative channels. "We recommend that investors monitor enforcement and [Read more]
Oil prices extend gains as US sanctions Russia’s Rosneft, Lukoil
Oil prices rose by more than $1 per barrel on Thursday, extending gains from the previous session, after the United States imposed sanctions on Russian oil companies Rosneft and Lukoil over the Ukraine war. Brent crude futures were up by $1.76, or 2.81%, at $64.35 by 0041 GMT, and U.S. West Texas Intermediate crude futures were up $1.68, or 2.87%, at $60.18. The U.S. said it was prepared to take further action as it called on Moscow to agree immediately to a ceasefire in its war in [Read more]
Williams pumps $1.9 billion into Woodside’s Louisiana LNG venture
U.S.-based Williams will spend $1.9 billion on the development of LNG facilities and a pipeline for Australian gas producer Woodside Energy's $17.5 billion liquefied natural gas project in Louisiana, the companies said. The pipeline operator will take up a 10% stake in the Louisiana LNG Infrastructure LLC and will also simultaneously buy an 80% interest and operatorship of the Driftwood pipeline for $250 million, Williams said on Wednesday. Woodside is expecting to receive total proceeds [Read more]
Trump says he sees trade deal with Xi, will discuss Russian oil purchases
U.S. President Donald Trump on Wednesday said he expected to reach a trade agreement with Chinese President Xi Jinping, and said he would raise concerns about China's purchases of Russian oil during their meeting in South Korea next week. "I think we'll make a deal," Trump told reporters during a meeting with NATO Secretary General Mark Rutte. He said he also expected some agreement with China to restart its purchases of U.S. soybeans. A deal was also possible on nuclear arms, he said, [Read more]
US hits top Russian oil companies Rosneft and Lukoil with sanctions
U.S. President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, targeting oil companies Lukoil and Rosneft as his frustration grows with Russian President Vladimir Putin over the war. The U.S. Treasury Department said it was prepared to take further action as it called on Moscow to agree immediately to a ceasefire in Russia's war in Ukraine, which began in February 2022. "Given President Putin’s refusal to end this senseless war, [Read more]
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