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Russia's oil and gas revenue crashed by nearly 50% at the start of 2023, leading to a wider budget deficit as Moscow's spending soars

Mon, 02/06/2023 - 15:44

Tech Insider

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. — Vladimir Putin
Sasha Mordovets/Getty Images

Markets, MI Exclusive, Russia, Oil, Gas, Natural Gas, Ukraine

How 3 million gallons of olive oil are produced per year in Spain during crippling droughts

Mon, 02/06/2023 - 12:34

Tech Insider

Olive farmers in Spain didn't have enough water for this year's crops due to severe droughts.
Some have harvested half the amount of olives they did last year.
We went to Antequera, Spain, to see how they managed to bottle

Retail, Video, Big Business, video format big business, Spain, Olive oil, Droughts

OPEC+ may need to lift its oil output given signs China's reopening could deliver a strong boost to demand, IEA chief says

Mon, 02/06/2023 - 08:11

Tech Insider

People wait to cross a busy street intersection during evening rush hour on May 30, 2022 in Beijing, China. — Chinese demand for oil is showing signs of a strong recovery.
Kevin Frayer/Getty Images

Markets, MI Exclusive, Commodities, OPEC, China, Fatih Birol, Oil

A top oil analyst explains Europe’s new fuel sanctions on Russia and how that impacts global energy markets

Sat, 02/04/2023 - 07:00

Tech Insider

Good morning. I'm Phil Rosen.

My favorite part of this job is getting the opportunity to speak to interesting, smart people — especially when I get to share their insights here in this newsletter.

Do you have suggestions of who I could talk to next? Tweet me or email me (prosen@insider.com).

Today, I'm sharing my conversation with Matt Smith of commodities analytics firm, Kpler.