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Russia and Saudi Arabia have likely made close to $3 billion this quarter as OPEC+ production cuts push oil toward $100 a barrel

Fri, 09/29/2023 - 10:30

Tech Insider

king salman saudi arabia putin russia — Russian President Vladimir Putin, right, and Saudi Arabia's King Salman pose for a photo during a welcoming ceremony ahead of their talks at the Kremlin in Moscow, Russia, on Thursday, Oct. 5, 2017.
Yuri Kadobnov/Pool Photo via AP

Markets, mi-exclusive, oil-prices, saudi-arabia, Russia, saudi-arabia-oil, russia-oil

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

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

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

Mon, 09/25/2023 - 00:27

Tech Insider

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

Oil prices could rise to $120 a barrel on further supply cuts, and that would bring economic growth to a halt next quarter, JPMorgan says

Wed, 09/20/2023 - 10:05

Tech Insider : Economy

oil — Men work on an well pump near Sweetwater, Texas, Dec. 23, 2014.
LM Otero/AP

Markets, mi-exclusive, oil-price-outlook, oil-prices, crude-prices, rising-oil-prices, oil-supply

Russia is getting richer again, thanks to soaring oil prices

Thu, 09/14/2023 - 05:21

Tech Insider : Economy, Economy

Putin — Russian President Vladimir Putin.
(Photo by ALEXANDER KAZAKOV/SPUTNIK/AFP via Getty Images)

economy, Markets, economy, Russia, ukraine-war, Commodities, Oil

The biggest oil deficit since 2007 will hit in the 4th quarter as Saudi Arabia cuts supply

Tue, 09/12/2023 - 12:43

Tech Insider : Economy

oil worker barrels — A worker prepares to transport oil pipelines to be laid for the Pengerang Gas Pipeline Project at an area 40km (24 miles) away from the Pengerang Integrated Petroleum Complex in Pengerang, Johor, Malaysia.
Reuters/Edgar Su

Markets, mi-exclusive, Oil, saudi-arabia, OPEC, oil-prices, WTI

A key global oil price zoomed past $90 a barrel for the first time in 2023 — and analysts say it could keep inflation high

Wed, 09/06/2023 - 04:00

Tech Insider

wellhead oil pump — A key global oil price zoomed past $90 a barrel for the first time in 2023 — and analysts say it could keep inflation high.
Jeff W. Jarrett/Shutterstock

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

Gas prices nearing $4 a gallon rekindle fears of inflation rebound

Tue, 08/15/2023 - 08:28

Tech Insider

Gas pump — US gas prices surged to $3.96 a gallon earlier on Monday.
(Photo by FREDERIC J. BROWN/AFP via Getty Images)

Markets, MI Exclusive, US gas prices, Gas Prices, oil gas prices, Inflation, Fed

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