Oil

Russia is smashing open its $45 billion piggy bank of Chinese yuan as energy revenue crashes

Tech Insider
Russian President Vladimir Putin meets Chinese President Xi Jinping at BRICS Summit in Brasilia
Russian President Vladimir Putin and Chinese President Xi Jinping.

Mikhail Svetlov/Getty Images

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

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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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