Oil

Russia has finally admitted Western sanctions are hitting its oil exports

Tech Insider : Economy, Economy
Vladimir Putin.
Russia's President Vladimir Putin.

Artem Geodakyan/POOL/AFP via Getty Images

Ukraine says it will hit Russia's precious oil refineries even if the US tells it not to

Tech Insider
Smoke rises from an oil refinery after an attack outside the city of Lysychans'k in the eastern Ukranian region of Donbas, on May 22, 2022, on the 88th day of the Russian invasion of Ukraine.
Smoke rises from an oil refinery after an attack outside the city of Lysychans'k in the eastern Ukranian region of Donbas, on May 22, 2022, on the 88th day of the Russian invasion of Ukraine.

ARIS MESSINIS/AFP via Getty Images

'Porous' sanctions haven't stopped Russia's war, but there's still more the West can do to squeeze its economy

Tech Insider : Economy
Russian President Vladimir Putin sits on a gilded chair wearing a blue suit and a light blue tie
Russian President Vladimir Putin listens to chairman of the Supreme Court Vyacheslav Lebedev at the Kremlin in Moscow, Russia, on February 6, 2024.

Alexander Kazakov, Sputnik, Kremlin Pool Photo via AP

Saudi Arabia's futuristic megaprojects are so expensive that even its oil riches may not be enough

Tech Insider
A conceptual image of the planned design for The Line in Saudi Arabia's Neom, shows a large mirrored facade extending out into the water from the desert.
A rendering of The Line, one of the Neom megaprojects.

Neom

Google is making a map of methane leaks for the whole world to see

Tech Insider
Google's methane map shows oil and gas infrastructure shaded in yellow, red, and blue.
Google expects to make its methane map public later this year.

Google

The richest man you've never heard of isn't sure what to do with his billions

Tech Insider
Autry Stephens, founder of Endeavor Energy oil company
Autry Stephens sold his oil and gas company to Diamondback Energy earlier this week in a blockbuster $26 billion cash-and-stock deal.

Endeavor Energy Resources

Ukraine appears to be attacking Russia's oil-and-gas industry with small, cheap drones that can bypass its air defenses

Tech Insider
Firefighters extinguish oil tanks at a storage facility that local authorities say caught fire after the military brought down a Ukrainian drone, in the town of Klintsy in the Bryansk Region, Russia January 19, 2024.
Firefighters extinguish oil tanks at a storage facility in the Bryansk Region in Russia on January 19, 2024.

Russian Emergencies Ministry/Reuters

Africa's richest person just opened a $19 billion oil refinery to help Nigeria reduce fuel imports

Tech Insider
Aliko Dangote
Aliko Dangote.

Adam Abu-bashal/Getty Images

Trade between China and Russia ballooned to a record $240 billion last year

Tech Insider : Economy, Economy
Russian President Vladimir Putin and Chinese President Xi Jinping attend a reception in Moscow
Vladimir Putin and Xi Jinping attend a reception in Moscow.

Reuters

Russia's dark fleet of ships kept its oil exports strong. But 2 recent incidents in the Red Sea highlight the risks of that strategy.

Tech Insider : Economy, Politics, Economy
A close-up of Vladimir Putin in a suit and tie, looking straight-faced.
Russian President Vladimir Putin.

Getty Images

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