Oil | iCloud.Info

Oil

Oil extends weekly loss to 5% as speculation of more aggressive rate hikes from the Fed stokes demand worries

Fri, 02/17/2023 - 10:08

Tech Insider : Economy

Canada, Alberta, Oil workers using oil drill. — Tetra Images - Dan Bannister

Markets, MI Exclusive, Oil, Brent, WTI, Crude Oil, Federal Reserve

Russian oil revenue has been hurt by effective EU price caps even as Moscow has been resilient with exports, says IEA

Thu, 02/16/2023 - 11:22

Russian Prime Minister Vladimir Putin and CEO of Russian natural gas giant Gazprom Alexei Miller attend a ceremony to mark the launch of the Sakhalin-Khabarovsk-Vladivostok natural gas pipeline, September 8, 2011 in Vladivostok, Russia. — Russian Prime Minister Vladimir Putin.
Sasha Mordovets/Getty Images

Markets, MI Exclusive, Oil, Russia, EU, energy, Commodities

Israel exports oil for the first time ever after diplomatic breakthrough with Lebanon

Tue, 02/14/2023 - 16:05

Oil tanker — Getty Images

Markets, MI Exclusive, Isreal, Oil, Oil export, Middle East

Oil prices slide as the US says it will sell millions more barrels of oil from its strategic reserve into the global market

Tue, 02/14/2023 - 14:01

oil — Andrey Rudakov/Bloomberg

Markets, MI Exclusive, Oil, oil prices, Strategic Petroleum Reserve, WTI oil price, brent oil

Russia could regain its spot as the world's premier oil exporter despite sanctions, Bank of America says

Tue, 02/14/2023 - 12:05

putin shoigu — Russian President Vladimir Putin (L) looks on Defence Minister Sergei Shoigu (R) during a military parade in Pskov, Russia, on March,1, 2020.
Mikhail Svetlov/Getty Images

Markets, MI Exclusive, crude, Oil, Russia, Ukraine, Prices

Lucid Motors is helping oil-rich Saudi Arabia go electric in its ambitious plan to become a carmaking powerhouse

Tue, 02/14/2023 - 10:42

Photo of Lucid Motors car in front of Lucid power plant and manufacturing car 4x3 — Lucid Motors aims to produce 150,000 cars a year in Saudi Arabia in 2025.
Lucid Motors; Reuters; Rachel Mendelson/Insider

Markets, MI Exclusive, Commodities, Saudi Arabia, lucid, Lucid Group, Oil

More oil releases from the US Strategic Petroleum Reserve won't 'rock the boat', says UAE's energy minister

Tue, 02/14/2023 - 09:45

Oil storage facility in Texas — An oil storage facility in Houston, Texas.
Mark Felix/AFP via Getty Images

Markets, MI Exclusive, Stocks, Outlook, Oil, crude, UAE

Russia is slashing its oil output by 5% in retaliation to Western sanctions — but it also likely that it is struggling to find buyers in the first place

Mon, 02/13/2023 - 04:12

Vladimir Putin — Russian President Vladimir Putin slammed the EU's price cap on Russian crude, calling it "stupid."
Mikhail Metzel/Getty Images

Markets, News, MI Exclusive, Commodities, Russia, Oil, energy

ExxonMobil, Shell lead Big Oil's eye-watering $221 billion profit binge that Biden has slammed as 'outrageous'

Sun, 02/12/2023 - 05:00

oil — Oil refinery
Andrey Rudakov/Bloomberg

Markets, MI Exclusive, Oil, Russia, Ukraine, Big Oil, Exxon Mobil

ChatGPT predicts US dollar dominance will give way to a multipolar currency system as China's yuan gains influence

Sat, 02/11/2023 - 08:45

Dollar vs. Yuan — AlexSava/Getty Images

Markets, MI Exclusive, Stocks, Currencies, ChatGPT, China, Yuan

Subscribe to Oil