Watch for oil demand to soar to record highs this year and drive crude back up to $100, top energy trader says

Tech Insider
Oil storage facility in Texas
An oil storage facility in Houston, Texas.

Mark Felix/AFP via Getty Images

US stocks close lower to wrap up losing week as hot inflation data jolts markets

Tech Insider
Stock traders on the exchange trading floor.
Stock traders

Drew Angerer/Getty Images

The West hits Russia with fresh sanctions and raises tariffs on key commodities a year after the invasion of Ukraine

Tech Insider
russia ukraine
A Russian armored personnel carrier is driven on a street in Sevastopol, Ukraine’s Black Sea Port that hosts a major Russian navy base Tuesday, Feb. 25, 2014. Tensions were building up in the Crimea, where ethnic Russians who make the majority of the local population are deeply suspicious of the new Ukrainian authorities who replaced fugitive Russia-backed President Viktor Yanukovych.

AP Photo/Andrew Lubimov

Putin's war in Ukraine brought chaos and change to the global energy market. These 4 charts show how the conflict transformed the oil and gas landscape.

Tech Insider
Russian President Vladimir Putin.
Russian President Vladimir Putin.

MIKHAIL KLIMENTYEV/RIA NOVOSTI/AFP via Getty Images

Natural gas plunges 10% to its lowest level since 2020 as winter demand concerns fade

Tech Insider : Economy
Trader NYSE green
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., March 17, 2020.

Lucas Jackson/Reuters

Gas prices are primed to rise in a few weeks, but American drivers won't be hit with record costs again this summer, GasBuddy says

Tech Insider
US gas prices
US gas prices have fallen sharply since June.

JOSEPH PREZIOSO/Getty Images

US stocks end mixed as Fed officials sound off on inflation fight and path of future rate hikes

Tech Insider
Traders work on the New York Stock Exchange floor.
Traders work on the New York Stock Exchange floor in New York City.

AP Photo/Ted Shaffrey

Oil extends weekly loss to 5% as speculation of more aggressive rate hikes from the Fed stokes demand worries

Tech Insider : Economy
Canada, Alberta, Oil workers using oil drill.

Tetra Images - Dan Bannister

Russian oil revenue has been hurt by effective EU price caps even as Moscow has been resilient with exports, says IEA

Tech Insider
Russian Prime Minister Vladimir Putin and CEO of Russian natural gas giant Gazprom Alexei Miller attend a ceremony to mark the launch of the Sakhalin-Khabarovsk-Vladivostok natural gas pipeline, September 8, 2011 in Vladivostok, Russia.
Russian Prime Minister Vladimir Putin.

Sasha Mordovets/Getty Images

Russia demands the US prove it didn't destroy the key Nord Stream gas pipelines to Europe

Tech Insider
Danish military video of bubbles in Baltic Sea where Nord Stream pipeline leaked.
Danish military video of bubbles in Baltic Sea where Nord Stream pipeline leaked.

Danish Defense Command

Subscribe to Commodities