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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

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

Oil prices soar to 10-month high as Russia and Saudi Arabia commit to slash production for longer

Tue, 09/05/2023 - 15:00

oil rig — Andrew Burton/Getty Images

Markets, mi-exclusive, Markets, brent-crude, energy, Oil, oil-prices

Russia and Ukraine are battling it out over gas and oil platforms in the Black Sea, UK Ministry of Defence says

Sun, 08/27/2023 - 13:11

The Ukrainian rigs were seized by Russia after the annexation of Crimea in 2014. — Ukraine has struck several Russian-controlled platforms.
Reuters

Military & Defense, War, ukraine-war, Russia, Crimea, black-sea, Oil

Vision 2030 is Saudi Arabia's grand plan to future-proof its oil-based economy. Experts say it's a huge risk.

Sun, 08/27/2023 - 05:32

Tech Insider : Economy

NEOM, MBS — A rendering of The Line, part of the Neom project, and its mastermind, Crown Prince Mohammed bin Salman.
Neom/Getty Images

Tech Insider, finance, economy, trending-uk, mohammed-bin-salman, saudi-arabia, neom

Russian oil still relies heavily on Western-backed ships despite breaching the price cap

Mon, 08/21/2023 - 14:14

Oil terminal ship in Russia — papa1266/Getty Images

Markets, Oil, Russia, price-cap, ukraine-war, Sanctions, G7

India just ditched the dollar and used its own currency to buy a million barrels of oil from the UAE

Wed, 08/16/2023 - 15:42

A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India. — A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India.
Dhiraj Singh/Bloomberg

Markets, MI Exclusive, Rupee, Dollar, dedollarization, dollar war, Greenback

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

Tue, 08/15/2023 - 08:28

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

Republican-controlled states like Oklahoma are rushing to invest in clean energy, even as conservative groups push for more oil and gas

Mon, 08/14/2023 - 11:40

Tech Insider : Politics

oil rig — Republican-controlled states across the country are seeing record investment in renewable energy industries.
Jason Kozlowski / EyeEm

politics, Speed desk, insider news, Science, Oil, Gas, wind

Commercial ships told to stay far away from Iran due to a heightened possibility of attack or seizure

Sat, 08/12/2023 - 13:57

soldiers on speed boat pointing guns — Iran's naval special forces carrying by a military speedboat past a portrait of Iran's Supreme Leader Ayatollah Ali Khamenei during a military parade marking Iran's Army Day anniversary near the Imam Khomeini shrine in the south of Tehran.
Morteza Nikoubazl/NurPhoto via Getty Images

Military & Defense, News, Iran, iran nuclear deal, Biden administration, Shipping, Oil

Russian oil smashes through the G7 price cap as crude exports in July hit the highest level of 2023

Fri, 08/11/2023 - 09:20

Oil terminal ship in Russia — papa1266/Getty Images

Markets, MI Exclusive, Russia, russia economy, Oil, oil prices, Russian crude

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