Oil

OPEC+ ministers say they are not changing their policy of cutting oil production amid uncertainty about the impact of new Western sanctions against Russian oil.

The Kremlin on Saturday rejected EU efforts to hit Russia's top earner by placing a price cap on its oil and said 'Europe will live without Russian oil.'

The Los Angeles City Council on Friday voted to ban oil and gas wells within city limits and phase out existing wells over the next 20 years.

The European Union on Friday reached a deal to cap Russian maritime oil at $60 a barrel in an attempt to hurt Russian finances but protect the energy market.

American Petroleum Institute president and CEO Mike Sommers discusses the Biden administration's controversial energy policy and its impact on the economy.

President Biden's Department of the Interior proposed rules to reduce methane leaks on public lands and charge fees for flaring that exceeds those limits.

As Russian gas supplies have gone dry since August, Germany signed a new 15-year sales and purchase agreement on Tuesday with QatarEnergy.

United Refining CEO John Catsimatidis and American Energy Alliance President Tom Pyle call out Biden policies that limit U.S. oil production and supply.

Strategists predict markets volatility in 2023 because it has not yet factored in the likelihood of a recession. Home prices reports and consumer confidence reports are due Tuesday.

NSC Strategic Communication Coordinator John Kirby defended the White House easing sanctions on Venezuela, downplaying that it was at the expense of U.S. oil companies.