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

Tue, 04/25/2023 - 09:42

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

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

US tech stocks have run their course for now – and face a 20% to 40% correction, veteran trader says

Fri, 04/21/2023 - 07:12

Stock Trader — A stock trader.
Photo by TIMOTHY A. CLARY/AFP via Getty Images)

Markets, MI Exclusive, Tech stocks, tech stock rally, S&P 500, NASDAQ, Banking

Pakistan just became the latest country to snap up cheap Russian oil

Thu, 04/20/2023 - 07:03

An employee of a petrol station updates the latest fuel prices on a board in Karachi on February 16, 2023, after a hike in prices of petroleum products by the government. — Pakistan has placed it first order for discounted Russian oil, according to Reuters.
Asif Hassan/AFP

Markets, MI Exclusive, Commodities, Oil, Crude Oil, oil prices, Russian Oil

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

Wed, 04/19/2023 - 13:12

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

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

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

The anti-dollar drive spearheaded by Asia has spread to Europe, with France growing sour on the greenback's dominance. Here are 6 rising threats to the buck's supremacy of global trade.

Wed, 04/19/2023 - 06:00

Dollar notes — 100 dollar bills seen displayed.
(Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)

Markets, MI Exclusive, Dollar dominance, King Dollar, Federal Resere, Inflation, Interest Rates

Prepare for oil to rally as the Fed gets set to pause its rate hikes, JPMorgan says

Mon, 04/17/2023 - 11:08

Jerome Powell smiles after taking the oath of office for his second term as Chair of the Board of Governors of the Federal Reserve System at the Federal Reserve Building in Washington, DC, on May 23, 2022. — Fed Chairman Jerome Powell.
OLIVIER DOULIERY/AFP via Getty Images

Markets, MI Exclusive, Oil, Oil Rally, commodity, Federal Reserve, Interest Rates

Russia's economy is hurting - and a new wave of EU sanctions aimed at crippling its 'war machine' are coming. Here are 6 key developments in the past week.

Sun, 04/16/2023 - 06:45

Russian President Vladimir Putin in Moscow, Russia on March 30, 2023. — Russian President Vladimir Putin.
Gavriil Grigorov/Sputnik, Kremlin Pool Photo via AP

Markets, MI Exclusive, Vladamir Putin, Russia, Russian Economy, Ruble, Currency

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

china president putin russia — Sergei Karpukhin/Reuters

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

Surging oil prices amid war in Ukraine helped push Exxon CEO's pay up more than 50% in 2022

Thu, 04/13/2023 - 14:35

darren woods exxon mobil — Darren Woods
AP Photo/Richard Drew

Markets, MI Exclusive, Exxon Mobil, Exxon Mobil earnings, Oil, russia ukraine war, russia invasion

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