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Russia's Gazprom Posts First Annual Loss in 24 Years Amid Sanctions

Sanctions and broader energy market factors weighed on profits. Shares of the energy giant saw their steepest drop in a year.

Oil Price Outlook: Why WTI, Brent Could Rally 10% by Summer, BofA Says

Bank of America predicts Brent and WTI peaking around $95 per barrel in summer, a roughly 10% jump from current levels.

India looks elsewhere for oil as US sanctions crimp Russia trade

India s oil trade with Russia is being impacted by the tightening of US sanctions, prompting refiners to explore alternative supplies. While Russia remains the dominant supplier, Indian refiners are increasingly buying more from Saudi Arabia. Refiners are eager to increase purchases of Russian oil, but require US approval to do so.

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