Oil

The 3,300 employees of an oil trading firm each made almost $800,000 last year – way more than Wall Street bank staff

Tech Insider
vitol
Vitol Group is based in Switzerland.

Denis Balibouse/Reuters

Russia-China ties deepen as Beijing buys a record amount of oil from the warring nation in the first half of 2023

Tech Insider : Politics
Russian President Vladimir Putin and Chinese President Xi Jinping attend a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023
Russian President Vladimir Putin and Chinese President Xi Jinping attend a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023

Sputnik/Sergei Karpukhin/Pool via REUTERS

Is BlackRock still woke?

Tech Insider
BlackRock CEO Larry Fink gestures while sitting in front of a blue screen.
BlackRock CEO Larry Fink.

Thos Robinson/Getty Images

Russia's oil exports climb to fresh highs despite threats to slash production

Tech Insider
vladimir putin

Vladimir Voronin / AP

Pakistan will do anything to get cheap oil as its economic crisis drags on — including paying for it in the Chinese yuan

Tech Insider : Economy
Supporters of Pakistan's ousted prime minister Imran Khan, take part in an anti-government demonstration to a protest against the inflation and fuel price hike in Karachi on June 3, 2022.
Pakistan will do anything to get cheap oil as its economic crisis drags on — including paying for it in the Chinese yuan.

Rizwan Tabassum/AFP/Getty Images

Bank of America slashes its oil-price outlook 9% for 2023 as debt ceiling crisis increases risk of recession

Tech Insider
oil rig

Jason Kozlowski / EyeEm

A fleet of aging tankers is transporting sanctioned oil around the globe — and it's becoming an insurance nightmare because nobody knows who owns them

Tech Insider : Politics
Oil tanker
A secretive fleet of aging tankers is transporting sanctioned oil globally — and nobody knows who to chase for insurance should they get into accidents.

Felix Cesare/Getty Images

Russia's tax hike on the oil and gas industry will be destructive to a key piece of its economy

Tech Insider : Economy
Vladimir Putin in a meeting
Russian President Vladimir Putin.

Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP

Russia’s battered wartime economy is still chugging along as it taps its wealth fund, raises taxes, and ramps up imports

Tech Insider

Welcome back, readers. I'm Phil Rosen. I hope you enjoyed this weekend's NBA playoffs and new episode(!) of Succession as much as I did. 

We have a lot of ground to cover today — starting with First Republic. The FDIC announced early this morning that the firm will be taken over by JPMorgan after being seized by regulators.

Russian oil price caps have crushed Moscow's war revenue to start the year - despite widespread violations

Tech Insider
vladimir putin russia
Russian President Vladimir Putin.

Pool/Yuri Kadobnov via Reuters

Subscribe to Oil