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

Tue, 09/12/2023 - 11:32

oil rig — Gerald Herbert/AP

Markets, mi-exclusive, Markets, oil-rig, Oil, energy, Gas

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

Tue, 09/12/2023 - 10:24

Iranian flag on conference table. — Iranian flag on conference table.
Jasmin Merdan/Getty Images

Markets, mi-exclusive, Sanctions, us-dollar, oil-revenue, Iran, iran-nuclear-deal

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

Fri, 09/08/2023 - 14:52

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

Markets, mi-exclusive, Markets, Russia, China, natural-gas, energy

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

Fri, 09/08/2023 - 10:47

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

economy, Markets, economy, Markets, Stocks, stock-market-analysis, stock-market-outlook

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

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