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Oil prices shoot up and US stocks decline as Hamas' attack on Israel rattles markets

Mon, 10/09/2023 - 05:06

Israeli forces, dispatched to the border with Gaza in southern Israel, scan the area near Ashdod on October 8, 2023 as the battle against holdout Hamas fighters continues — Israeli forces, dispatched to the border with Gaza in southern Israel, scan the area near Ashdod on October 8, 2023 as the battle against holdout Hamas fighters continues
Gil Cohen-Magen/AFP via Getty Images

Markets, mi-exclusive, Markets, Stocks, Commodities, Oil, oil-price

Oil prices drop 6% as worries mount over demand destruction

Wed, 10/04/2023 - 15:29

Tech Insider : Economy

oil drilling — Andrew Burton/Getty Images

Markets, mi-exclusive, Oil, oil-prices, crude-oil, Commodities, economy

Europe is almost out of local olive oil supplies as extreme weather takes a toll on harvests

Fri, 09/29/2023 - 14:37

Spain produces roughly half of the world’s olive oil. — Spain produces roughly half of the world’s olive oil.
Insider

Markets, mi-exclusive, olive-oil, Shortage, extreme-heat, Oil, Europe

Surging oil prices could cause demand to crumble, forcing Saudi Arabia to take its 'foot off the brake' sooner than markets expect, energy exec says

Thu, 09/28/2023 - 13:00

Tech Insider : Economy

Khurais oilfield, Saudi Arabia oil — A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh.
Ali Jarekji/Reuters

Markets, mi-exclusive, Oil, production-cuts, saudi-arabia, OPEC, demand

A 'litmus test' for a looming recession could come next quarter, says an economist who's been predicting a downturn for 18 months

Wed, 09/27/2023 - 23:36

david rosenberg — David Rosenberg is still calling a recession.
WealthTrack

Markets, News, Markets, mi-exclusive, Oil, energy, News

Global fossil fuel demand has to crater 25% by 2030 if the world is going to meet its climate goals, IEA says

Wed, 09/27/2023 - 14:13

Fatih Birol, head of IEA — Fatih Birol warned summer could be difficult for energy markets.
Anadolu Agency/Getty Images

Markets, mi-exclusive, Markets, IEA, international-energy-agency, fatih-birol, fossil-fuel

US oil prices surge to their highest level in 2023

Wed, 09/27/2023 - 12:19

oil rig — Jim Urquhart/Reuters

Markets, mi-exclusive, Markets, Oil, crude-oil, west-texas-intermediate, brent-crude

Oil could be headed as high as $150 unless the US boosts its output, says major exploration firm

Wed, 09/27/2023 - 04:45

Oil drilling — Oil drilling
Getty Images

Markets, mi-exclusive, Markets, Commodities, Oil, shale, OPEC

Here's why the 30% surge in oil prices won't derail the economy or consumer, according to Goldman Sachs

Mon, 09/25/2023 - 12:18

Tech Insider : Economy

California Gas Prices — Gas prices at a Shell station on September 19, 2023 in Burbank, California.
Mario Tama/Getty Images

Markets, mi-exclusive, Markets, Oil, oil-prices, Commodities, economy

Oil prices nearing $100 a barrel is bad news for inflation — but it's good news for Russia

Mon, 09/25/2023 - 00:27

Russian President Vladimir Putin delivers key speech during the Russian Energy Week 2022 in Moscow, Russia on October 12, 2022. ( — Russian President Vladimir Putin delivers key speech during the Russian Energy Week 2022.
Kremlin Press Office/Handout/Anadolu Agency/Getty Images

Markets, News, Markets, mi-exclusive, energy, Oil, Russia

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