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Hamas' strike on Israel will force the market to 'beg' Saudi Arabia to pump out more oil, famed crude trader says

Mon, 10/09/2023 - 07:07

Tech Insider

Palestinians react as an Israeli military vehicle burns after it was hit by Palestinian gunmen who infiltrated areas of southern Israel, at the Israeli side of Israel-Gaza border. — An Israeli military vehicle burns after being hit by Palestinian gunmen who infiltrated southern Israel.
Mohammed Fayq Abu Mostafa/REUTERS

Markets, mi-exclusive, Markets, Commodities, Israel, hamas, palestine

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

Mon, 10/09/2023 - 05:06

Tech Insider

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

Tech Insider

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

Tech Insider

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

Tech Insider

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

Tech Insider

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

Tech Insider

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

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