Pakistan just became the latest country to snap up cheap Russian oil

Tech Insider
An employee of a petrol station updates the latest fuel prices on a board in Karachi on February 16, 2023, after a hike in prices of petroleum products by the government.
Pakistan has placed it first order for discounted Russian oil, according to Reuters.

Asif Hassan/AFP

Germany looks to cut its reliance on China with a new $2.2 billion commodities fund

Tech Insider
Nord Stream 1 German Chancellor Olaf Scholz
German Chancellor Olaf Scholz (R) stands next to Christian Bruch, President and CEO of Siemens Energy, in front of a turbine of the Nord Stream 1 pipeline as Scholz gives a statement during a visit on August 3, 2022 at the plant of Siemens Energy in Muelheim an der Ruhr, western Germany.

SASCHA SCHUERMANN / Getty Images

The housing market's fluctuations of the last year have left the best forecasters torn on what home prices will do in 2023

Tech Insider

Hey readers. I'm Phil Rosen, writing to you from midtown Manhattan, where I've attended a handful of events the last two days for NFT NYC. Across cocktail parties and dance floors, everyone here is bullish on tiny digital images that range from apes to stick-figure drawings.

US stocks drop as traders digest jobs data that shows hiring slowed in March

Tech Insider
new york stock exchange traders bank run silicon valley bank

TIMOTHY A. CLARY / Getty

German insurers are backing the damaged Nord Stream gas pipeline despite their country severing energy ties with Russia

Tech Insider
Nord Stream 1
The Nord Stream natural gas pipeline.

Stefan Sauer/Getty Images

Saudi Arabia-led oil cartel OPEC+ just slashed its crude output – and that's stoked inflation fears. Here's what you need to know.

Tech Insider
Biden and Mohammed bin Salman (MBS) fist bumping.
Saudi Arabia said Sunday it'd cut its oil output by 500,000 barrels a day.

Bandar Algaloud/Reuters

It could take years for the US to refill its emergency oil reserves after last year's record sales

Tech Insider
The UAE is moving up an already ambitious target to increase crude oil output.
Oil barrels.

Getty Images

Russia is using decades-old oil tankers on icy waters to duck sanctions and prop up its struggling energy exports

Tech Insider
An abandoned cargo vessel lies
An abandoned cargo vessel lies beached along the Black Sea near the war torn city of Ochamchire in Abkhazia.

Loop Images / Contributor

JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of stones. It's happened before.

Tech Insider
Bag of stones
JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of stones. It's happened before to many others.

Roman Mykhalchuk/Getty Images

Goldman Sachs slashes its oil price target as banking fiasco boosts recession fears

Tech Insider
Goldman Sachs traders NYSE
Goldman Sachs traders work on the floor of the New York Stock Exchange in New York, Monday, March 7, 2011.

Ramin Talaie/Corbis/Getty Images

Subscribe to Commodities