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

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

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

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

Gas prices look like they'll get better — but not before getting worse first

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

Mario Tama/Getty Images

Saudi Arabia and the UAE are battling to become the Middle East's economic superpower

Tech Insider : Economy
Mohammed bin Salman and Mohamed bin Zayed Al-Nahyan have had a longstanding relationship.
Saudi Crown Prince Mohammed bin Salman and Mohamed bin Zayed Al Nahyan have a long-standing relationship.

Anadolu Agency // BANDAR ALGALOUD / SAUDI KINGDOM COUNCIL / HANDOUT

So many people want to attend a Middle East investment conference dubbed 'Davos in the desert' that they're charging $15,000 to get in the door

Tech Insider
Saudi Crown Prince Mohammed bin Salman (C) arrives to attend a session during the Future Investment Initiative (FII) conference in the capital Riyadh on October 24, 2018.
Crown Prince Mohammed bin Salman at the Future Investment Initiative conference in Riyadh in 2018.

FAYEZ NURELDINE

Brace for another Fed rate hike thanks to a 'problematic' surge in oil prices, billionaire investor Jeff Gundlach says

Tech Insider : Economy, Economy
Jeffrey Gundlach
Jeffrey Gundlach is the CEO of investment firm DoubleLine.

CNBC/Getty Images

Elon Musk denied a report that Tesla planned to build a factory in Saudi Arabia. It's the latest development in his complicated history with the nation.

Tech Insider
Elon Musk
Elon Musk has a longstanding feud with Saudi Arabia.

Chesnot/Getty Images

Oil hovers near $95 a barrel as global crude surges to its highest level in 10 months

Tech Insider
oil rig

REUTERS/ Vivek Prakash

The most powerful countries in the world in 2023, ranked

Tech Insider : Politics
Ukraine's President Volodymyr Zelenskyy, right, reaches past US President Joe Biden to shake hands with Lithuania's President Gitanas Nauseda as they stand with other NATO members, including British Prime Minister Rishi Sunak, left, at the NATO Summit in Vilnius, Lithuania
Ukraine's President Volodymyr Zelenskyy (r) alongside US President Joe Biden, British Prime Minister Rishi Sunak, and Lithuania's President Gitanas Nauseda, at the NATO Summit in

Russia is getting richer again, thanks to soaring oil prices

Tech Insider : Economy, Economy
Putin
Russian President Vladimir Putin.

(Photo by ALEXANDER KAZAKOV/SPUTNIK/AFP via Getty Images)

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