Russia is landing new buyers for its sanctioned diesel all over the world and Brazil's taking advantage of the steep discounts.

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Welcome to the weekend. I'm Phil Rosen. Today we're talking energy — and I'm sharing a conversation with a leading expert on Russian diesel flows.

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

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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

China and India 'launder' Russian oil and resell it to Western nations that sanctioned Moscow, study says

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Russian President Vladimir Putin.

Sergei Karpukh/Reuters

China and India are buying so much Russian oil that Moscow's now selling more crude than it was before invading Ukraine

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china president putin russia

Sergei Karpukhin/Reuters

Russia's economy is worse than Moscow claims because military spending covers up how much the private sector is shrinking

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Vladimir Putin
Russian President Vladimir Putin delivers a speech before a ceremony celebrating Women's Day in Moscow on March 8, 2023.

Mikhail Metzel/Getty Images

Russia's economy is becoming more 'primitive' and war could push it to the same fate as the Soviet Union, says economist targeted by Moscow

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Putin rides a train
Russian President Vladimir Putin rides a suburban train in Moscow, Russia, in November 2019.

Alexei Druzhinin, Sputnik, Kremlin Pool Photo via AP)

Gas prices are on the rise again and drivers can expect more increases to come after steep oil production cuts by OPEC+

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pumping gas

Getty/Justin Sullivan

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

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Nord Stream 1
The Nord Stream natural gas pipeline.

Stefan Sauer/Getty Images

Oil prices spike 6% after OPEC's unexpected supply cut

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Saudi Arabia's energy minister Prince Abdulaziz bin Salman says OPEC+ could slash output further.
Saudi energy minster Abdulaziz bin Salman Al Saud.

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The banking crisis hammered crude oil prices so much that OPEC stepped in with a shock 1 million-barrel-a-day production cut

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OPEC OPEC+ oil producers oil price
The banking crisis hammered crude oil prices so much that OPEC stepped in with a shock 1 million-barrel-a-day production cut.

Ramzi Boudina/Reuters

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