Oil

Oil giant Shell says it will spend $4 billion buying back shares, as it reports its highest ever annual profit

Tech Insider
Natural gas shipments
Shell posted its biggest annual profit ever thanks to a strong fourth-quarter performance by its natural-gas business.

LOIC VENANCE/Getty Images

Russia faces new sanctions on its energy exports - but this time China and India may not come to Putin's rescue

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Russian President Vladimir Putin (L) and Chinese President Xi Jinping pose for a photograph during their meeting in Beijing, on February 4, 2022.
Russian President Vladimir Putin and Chinese President Xi Jinping.

Photo by ALEXEI DRUZHININ/Sputnik/AFP via Getty Images

Goldman Sachs sees oil prices heading to $100 a barrel by the third quarter of 2023 amid China reopening

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oil
Oil has dipped to around $82 amid a depressed global economic environment.

Andrey Rudakov/Bloomberg

Price caps on Russian fuels could range from $45 to $100 with EU diplomats set to begin negotiations, report says

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Putin
Russian President Vladimir Putin.

MIKHAIL KLIMENTYEV/SPUTNIK/AFP via Getty Images

Chevron is catching heat for tripling its stock buyback to $75 billion as soaring energy prices led to record profits

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Chevron gas station
A U.S. postal worker puts his seatbelt on after filing up his vehicle at a gas station in Garden Grove, California, U.S., March 29, 2022.

Mike Blake/Reuters

Oil's bull story for 2023 is China's reopening, but that could be derailed if Beijing can't stay the course on its retreat from zero-COVID policy, RBC's Helima Croft says

Tech Insider : Economy
A staff member fills up a car at a gas station in Nanjing, Jiangsu Province, China.
A staff member fills up a car at a gas station in Nanjing, Jiangsu Province, China.

CFOTO/Future Publishing via Getty Images

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