Oil

Lucid Motors is helping oil-rich Saudi Arabia go electric in its ambitious plan to become a carmaking powerhouse

Tech Insider
Photo of Lucid Motors car in front of Lucid power plant and manufacturing car 4x3
Lucid Motors aims to produce 150,000 cars a year in Saudi Arabia in 2025.

Lucid Motors; Reuters; Rachel Mendelson/Insider

More oil releases from the US Strategic Petroleum Reserve won't 'rock the boat', says UAE's energy minister

Tech Insider
Oil storage facility in Texas
An oil storage facility in Houston, Texas.

Mark Felix/AFP via Getty Images

Russia is slashing its oil output by 5% in retaliation to Western sanctions — but it also likely that it is struggling to find buyers in the first place

Tech Insider
Vladimir Putin
Russian President Vladimir Putin slammed the EU's price cap on Russian crude, calling it "stupid."

Mikhail Metzel/Getty Images

ExxonMobil, Shell lead Big Oil's eye-watering $221 billion profit binge that Biden has slammed as 'outrageous'

Tech Insider
oil
Oil refinery

Andrey Rudakov/Bloomberg

ChatGPT predicts US dollar dominance will give way to a multipolar currency system as China's yuan gains influence

Tech Insider
Dollar vs. Yuan

AlexSava/Getty Images

US stocks end mixed after volatile session as indexes notch weekly losses

Tech Insider
Wall Street stocks financial markets
Wall Street has been hit by a brutal market sell-off this year.

Spencer Platt/Getty Images

US stocks sink further with S&P 500 on course for worst week since December

Tech Insider
US stocks edged lower on Tuesday as more Wall Street banks reported mixed earnings

Getty Images

American drivers are guzzling less gas as they work from home, in a potential shift for global oil: 'The heyday of gasoline is over'

Tech Insider
A woman holds a pump to the gas tank of a black car.
Americans are consuming less gas than before the pandemic.

Getty Images

Oil and copper prices are weakening despite China's reopening. It's a sign a global recession is coming but liquidity issues may also be at play, economists warn.

Tech Insider
Copper
A worker ties copper wire rods before loading them onto a truck at the workshop of a company on January 29, 2023 in Huai'an, Jiangsu Province of China.

(Photo by Yin Chao/VCG via Getty Images)

Top Indian refiners are using the UAE's currency instead of the US dollar to buy Russian crude, report says

Tech Insider
Oil tanker

Getty Images

Subscribe to Oil