Oil

Ukraine appears to be attacking Russia's oil-and-gas industry with small, cheap drones that can bypass its air defenses

Tech Insider
Firefighters extinguish oil tanks at a storage facility that local authorities say caught fire after the military brought down a Ukrainian drone, in the town of Klintsy in the Bryansk Region, Russia January 19, 2024.
Firefighters extinguish oil tanks at a storage facility in the Bryansk Region in Russia on January 19, 2024.

Russian Emergencies Ministry/Reuters

Africa's richest person just opened a $19 billion oil refinery to help Nigeria reduce fuel imports

Tech Insider
Aliko Dangote
Aliko Dangote.

Adam Abu-bashal/Getty Images

Trade between China and Russia ballooned to a record $240 billion last year

Tech Insider : Economy, Economy
Russian President Vladimir Putin and Chinese President Xi Jinping attend a reception in Moscow
Vladimir Putin and Xi Jinping attend a reception in Moscow.

Reuters

Russia's dark fleet of ships kept its oil exports strong. But 2 recent incidents in the Red Sea highlight the risks of that strategy.

Tech Insider : Economy, Politics, Economy
A close-up of Vladimir Putin in a suit and tie, looking straight-faced.
Russian President Vladimir Putin.

Getty Images

The Red Sea attacks appear to be hurting traders and suppliers across the globe — but Russia's oil trade with India is still booming

Tech Insider : Politics
Indian Prime Minister Narendra Modi and Russian President Vladimir Putin.
Indian Prime Minister Narendra Modi and Russian President Vladimir Putin.

Mikhail Svetlov/Getty Images

Russia has managed to divert most oil exports from Europe to India and China, getting around sanctions, says a top official

Tech Insider : Economy, Economy
Russian President Putin and Energy Minister Alexander Novak attend the Russian Energy Week 2017 forum in Moscow
Russian President Putin and Deputy Prime Minister Alexander Novak.

Reuters

The wild attacks on ships in the Red Sea are another geopolitical shock that could drive up inflation

Tech Insider : Economy, Economy
A Cargo Ship surrounded by Houthi boats in the Red Sea
The Galaxy Leader cargo ship being escorted by Houthi boats in the Red Sea on November 20, 2023.

Houthi Military Media/Handout

Oil has crashed 20% this quarter. Here's why – and what it means for your wallet.

Tech Insider : Economy, Economy
California Gas Prices
Gas prices at a Shell station on September 19, 2023 in Burbank, California.

Mario Tama/Getty Images

Oil has crashed 20% this quarter. Here's why – and what it means for your wallet.

Tech Insider : Economy, Economy
California Gas Prices
Gas prices at a Shell station on September 19, 2023 in Burbank, California.

Mario Tama/Getty Images

Russia made more money from oil exports in October than it did in any month before the Ukraine war

Tech Insider : Economy, Economy
Vladimir Putin
Russian President Vladimir Putin attending the plenary session of the Valdai Discussion Club forum in Sochi on October 5, 2023

SERGEI GUNEYEV

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