Oil

The biggest oil deficit since 2007 will hit in the 4th quarter as Saudi Arabia cuts supply

Tech Insider : Economy
oil worker barrels
A worker prepares to transport oil pipelines to be laid for the Pengerang Gas Pipeline Project at an area 40km (24 miles) away from the Pengerang Integrated Petroleum Complex in Pengerang, Johor, Malaysia.

Reuters/Edgar Su

It's the beginning of the end for global oil demand, IEA chief says

Tech Insider
oil rig

Gerald Herbert/AP

US to release $6 billion of frozen Iranian oil revenue as part of prisoner release deal

Tech Insider
Iranian flag on conference table.
Iranian flag on conference table.

Jasmin Merdan/Getty Images

Russia will sell natural gas to China at almost a 50% discount compared to European buyers

Tech Insider
china russia
Russia's President Vladimir Putin (front, R), Chinese President Xi Jinping (front, L), his wife Peng Liyuan (2nd row, L), and Chinese Premier Li Keqiang (2nd row, R), arrive for a gala show to mark the 70th anniversary of the end of World War Two, in Beijing, China, Sept. 3, 2015.

Reuters/Kim Kyung Hoon

Oil, the dollar, and the Fed still pose a triple threat to the US economy, Bank of America says

Tech Insider : Economy, Economy
us oil flag
Key oil benchmarks spiked to 10-month highs this week – and that's a threat to the US economy, Bank of America strategists have warned.

Neil Kremer

A key global oil price zoomed past $90 a barrel for the first time in 2023 — and analysts say it could keep inflation high

Tech Insider
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

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

Tech Insider
oil rig

Andrew Burton/Getty Images

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

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

Reuters

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

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

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

Tech Insider
Oil terminal ship in Russia

papa1266/Getty Images

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