Oil prices fell on Thursday on expectations a potential peace deal between Ukraine and Russia would mean the end of sanctions that have disrupted supply flows and U.S. President Donald Trump's intention to introduce reciprocal tariffs stoked inflation jitters.

Oil futures fell Thursday morning, on track for back-to-back losses a day after President Trump said he and President Vladimir Putin of Russia had agreed to begin talks toward ending the war in Ukraine.

President Donald Trump has nominated a longtime oil and gas industry representative to oversee an agency that manages a quarter-billion acres of public land concentrated in western states.

Kathleen Sgamma is the president of Denver-based Western Energy Alliance, where she’s worked for nearly two decades to reduce barriers for oil and gas producers extracting from federal lands.

The Trump administration has named Kathleen Sgamma, a vocal oil and gas advocate for Western states, to head up the Interior Department's Bureau of Land Management, which manages the use of the country's nearly 250 million acres of public lands.

Imperial Oil (TSX:IMO) announced that its board of directors has approved the appointment of John Whelan as president, effective April 1st, 2025 ・This follows the decision by chairman, president, and chief executive officer Brad Corson to retire after 42 years of service ・Whelan will assume the role of chairman,

Russia's oil exports could be sustained if it finds workarounds to the latest U.S. sanctions package, the International Energy Agency (IEA) said on Thursday, as it forecast that growth in global oil supply would outpace demand this year.

Fresh US sanctions on Russia’s oil exports have yet to impact supply, the International Energy Agency said on Thursday. “Fresh US sanctions on Russia and Iran roiled markets at the start of the year but they have yet to materially impact global oil supply,