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

Wed, 04/19/2023 - 13:12

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

Markets, MI Exclusive, Germany, China, Russia, Ukraine War, Commodities

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

Wed, 04/19/2023 - 09:25

Tech Insider

putin russia — Russian President Vladimir Putin.
Sergei Karpukh/Reuters

Markets, MI Exclusive, Russia, Oil, Crude Oil, Ukraine War, Sanctions

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

Fri, 04/14/2023 - 12:35

Tech Insider

china president putin russia — Sergei Karpukhin/Reuters

Markets, MI Exclusive, Kpler, Oil, China, India, Russia

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

Thu, 04/13/2023 - 12:53

Tech Insider

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

Markets, MI Exclusive, Russia, Ukraine War, Russia Oil, Oil, energy

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

Mon, 04/10/2023 - 10:09

Tech Insider

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)

Markets, MI Exclusive, Vladamir Putin, Russia, Russian Economy, Sanctions, Ukraine War

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

Thu, 04/06/2023 - 13:35

Tech Insider

pumping gas — Getty/Justin Sullivan

Markets, MI Exclusive, Gas Prices, Oil, OPEC, energy, Brent oil price

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

Tue, 04/04/2023 - 07:17

Tech Insider

Nord Stream 1 — The Nord Stream natural gas pipeline.
Stefan Sauer/Getty Images

Markets, MI Exclusive, Nord Stream 1, Nord Stream, Nord Stream pipeline, Russia, Russian natural gas

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

Mon, 04/03/2023 - 09:33

Tech Insider

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

Markets, MI Exclusive, OPEC, Oil Production, Oil Demand, China, Europe

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

Mon, 04/03/2023 - 00:50

Tech Insider

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

Markets, News, MI Exclusive, Crude Oil, OPEC, Oil, energy

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

Fri, 03/24/2023 - 09:48

Tech Insider

The UAE is moving up an already ambitious target to increase crude oil output. — Oil barrels.
Getty Images

Markets, MI Exclusive, Oil, Crude Oil, WTI Crude, Brent Crude Oil, Strategic Petroleum Reserve

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