Oil

How 3 million gallons of olive oil are produced per year in Spain during crippling droughts

Tech Insider
  • Olive farmers in Spain didn't have enough water for this year's crops due to severe droughts.
  • Some have harvested half the amount of olives they did last year.
  • We went to Antequera, Spain, to see how they managed to bottle

OPEC+ may need to lift its oil output given signs China's reopening could deliver a strong boost to demand, IEA chief says

Tech Insider
People wait to cross a busy street intersection during evening rush hour on May 30, 2022 in Beijing, China.
Chinese demand for oil is showing signs of a strong recovery.

Kevin Frayer/Getty Images

A top oil analyst explains Europe’s new fuel sanctions on Russia and how that impacts global energy markets

Tech Insider

Good morning. I'm Phil Rosen. 

My favorite part of this job is getting the opportunity to speak to interesting, smart people — especially when I get to share their insights here in this newsletter. 

Do you have suggestions of who I could talk to next? Tweet me or email me (prosen@insider.com).

Today, I'm sharing my conversation with Matt Smith of commodities analytics firm, Kpler. 

Here's why Europe's new Russian fuel sanctions won't cripple Moscow

Tech Insider
putin
Russian President Vladimir Putin.

REUTERS/Alexei Druzhinin/RIA Novosti/Kremlin

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

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

Tech Insider
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

Tech Insider
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

Tech Insider
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

Tech Insider
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

Subscribe to Oil