Oil

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

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

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Russia is using decades-old oil tankers on icy waters to duck sanctions and prop up its struggling energy exports

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An abandoned cargo vessel lies
An abandoned cargo vessel lies beached along the Black Sea near the war torn city of Ochamchire in Abkhazia.

Loop Images / Contributor

Goldman Sachs slashes its oil price target as banking fiasco boosts recession fears

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Goldman Sachs traders NYSE
Goldman Sachs traders work on the floor of the New York Stock Exchange in New York, Monday, March 7, 2011.

Ramin Talaie/Corbis/Getty Images

Russian diesel has been sitting in Sudan waters for over 2 weeks because Moscow can't find buyers

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Oil tanker
An oil tanker.

Suriyapong Thongsawang

Western sanctions have weakened the dollar's dominance as India buys Russian oil with other currencies

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Russian President Vladimir Putin speaks to employees of the Almaz-Antey Corporation's Obukhov Plant in St. Petersburg, Russia, Wednesday, Jan. 18, 2023.
Russian President Vladimir Putin.

Ilya Pitalev, Sputnik, Kremlin Pool Photo via AP

Oil prices drop alongside other commodities as Fed Chair Powell opens the door to even higher US interest rates

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oil rig

REUTERS/Jim Urquhart

A huge team of scientists helped Citadel generate $8 billion from commodities bets in 2022

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Ken Griffin
Citadel's Ken Griffin

Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images

Russia will keep selling cheap oil at bumped-up levels to India - this is why they're both in it for the long haul, a top analyst explains

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Oil exports
Russia has rerouted its oil exports away from Europe towards Asia.

Suriyapong Thongsawang/Getty Images

Indian buyers for Russia's oil are drowning in price-cap paperwork and that could hit Moscow's sales, report says

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Oil tanker
Russia's oil exports to India are running into paperwork holdups.

Felix Cesare/Getty Images

Russian oil heads to West Africa for the first time since 2018 as Western sanctions leave Moscow scrambling to find buyers

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Tankers carrying Russian oil are settling in Asian ports ahead of EU sanctions
The last time Russian oil was delivered to a Western African country was in 2018.

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