energy | iCloud.Info

The US economy is slowing down. Just look at the freight recession that's sent diesel prices tumbling.

Wed, 04/26/2023 - 10:45

Tech Insider

truck driver uber freight — Courtesy of Uber Freight
Truck drivers move 70% of America's goods by weight.

Markets, MI Exclusive, Truck, freight, Recession, downturn, economic outlook

Russia seizes assets at European state-owned energy firms in retaliation against 'unfriendly countries'

Wed, 04/26/2023 - 10:13

Tech Insider

Russian President Vladimir Putin talks on the phone as part of a nationwide charity campaign, in Moscow on January 3, 2023.
MIKHAIL KLIMENTYEV/SPUTNIK/AFP via Getty Images

Markets, MI Exclusive, Russia, Russia Sanctions, western sanctions, russia ukraine, Ukraine War

A US recession looks more and more unavoidable as key parts of the economy slow to a crawl

Wed, 04/26/2023 - 06:15

Tech Insider

Howdy, readers. Phil Rosen here, reporting from New York City.

For many months now, I've been having conversations and writing about economic indicators that all point to a recession.

But it still hasn't officially happened yet, at least according to the secretive, little-known group that's responsible for declaring them. They've stayed mum even as the economy goes haywire.

Markets, Newsletter, 10 things, 10 things opening bell, Goldman Sachs, Transportation, freight

India could rely on Russia for half its oil imports soon as Moscow continues to sell cheap barrels

Tue, 04/25/2023 - 09:42

Tech Insider

Russian President Vladimir Putin.
Alexei Druzhinin/RIA Novosti, Kremlin Pool Photo via AP

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

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

Sat, 04/22/2023 - 07:00

Tech Insider

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.