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US stocks close higher as markets assess fresh bank woes and recession fears

Fri, 03/24/2023 - 16:18

new york stock exchange traders bank run silicon valley bank — TIMOTHY A. CLARY / Getty

Markets, MI Exclusive, Stocks, Markets Wrap, stock market news, commodites, Oil

It could take years for the US to refill its emergency oil reserves after last year's record sales

Fri, 03/24/2023 - 09:48

The UAE is moving up an already ambitious target to increase crude oil output. — Oil barrels.
Getty Images

Markets, MI Exclusive, Oil, Crude Oil, WTI Crude, Brent Crude Oil, Strategic Petroleum Reserve

Russia is using decades-old oil tankers on icy waters to duck sanctions and prop up its struggling energy exports

Tue, 03/21/2023 - 08:11

An abandoned cargo vessel lies — An abandoned cargo vessel lies beached along the Black Sea near the war torn city of Ochamchire in Abkhazia.
Loop Images / Contributor

Markets, MI Exclusive, Oil, Russian Oil, oil & gas, Russia, China

Goldman Sachs slashes its oil price target as banking fiasco boosts recession fears

Mon, 03/20/2023 - 15:32

Goldman Sachs traders NYSE — Goldman Sachs traders work on the floor of the New York Stock Exchange in New York, Monday, March 7, 2011.
Ramin Talaie/Corbis/Getty Images

Markets, MI Exclusive, Stock Market, Oil, oil prices, Analyst Note, Commodities

Russian diesel has been sitting in Sudan waters for over 2 weeks because Moscow can't find buyers

Fri, 03/17/2023 - 08:14

Oil tanker — An oil tanker.
Suriyapong Thongsawang

Markets, MI Exclusive, Oil, Russian Oil, Russian oil embargo, Russian oil ban, russia fuel oil ban

Western sanctions have weakened the dollar's dominance as India buys Russian oil with other currencies

Wed, 03/08/2023 - 12:40

Russian President Vladimir Putin speaks to employees of the Almaz-Antey Corporation's Obukhov Plant in St. Petersburg, Russia, Wednesday, Jan. 18, 2023. — Russian President Vladimir Putin.
Ilya Pitalev, Sputnik, Kremlin Pool Photo via AP

Markets, MI Exclusive, Ukraine War, Russian Sanctions, Dollar dominance, India, Oil

Oil prices drop alongside other commodities as Fed Chair Powell opens the door to even higher US interest rates

Tue, 03/07/2023 - 15:12

oil rig — REUTERS/Jim Urquhart

Markets, MI Exclusive, Oil, WTI oil price, Brent oil price, Gold, Copper

A huge team of scientists helped Citadel generate $8 billion from commodities bets in 2022

Mon, 03/06/2023 - 11:17

Ken Griffin — Citadel's Ken Griffin
Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images

Markets, MI Exclusive, Ken Griffin, Citadel, Gas Prices, Oil, Gas

Russia will keep selling cheap oil at bumped-up levels to India - this is why they're both in it for the long haul, a top analyst explains

Sun, 03/05/2023 - 04:00

Oil exports — Russia has rerouted its oil exports away from Europe towards Asia.
Suriyapong Thongsawang/Getty Images

Markets, MI Exclusive, Commodities, Russian commodities, Oil, crude, Crude Oil

Indian buyers for Russia's oil are drowning in price-cap paperwork and that could hit Moscow's sales, report says

Tue, 02/28/2023 - 11:53

Oil tanker — Russia's oil exports to India are running into paperwork holdups.
Felix Cesare/Getty Images

Markets, MI Exclusive, Oil, Commodities, Russia, India, China

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