Oil

Pakistan will do anything to get cheap oil as its economic crisis drags on — including paying for it in the Chinese yuan

Tech Insider : Economy
Supporters of Pakistan's ousted prime minister Imran Khan, take part in an anti-government demonstration to a protest against the inflation and fuel price hike in Karachi on June 3, 2022.
Pakistan will do anything to get cheap oil as its economic crisis drags on — including paying for it in the Chinese yuan.

Rizwan Tabassum/AFP/Getty Images

Bank of America slashes its oil-price outlook 9% for 2023 as debt ceiling crisis increases risk of recession

Tech Insider
oil rig

Jason Kozlowski / EyeEm

A fleet of aging tankers is transporting sanctioned oil around the globe — and it's becoming an insurance nightmare because nobody knows who owns them

Tech Insider : Politics
Oil tanker
A secretive fleet of aging tankers is transporting sanctioned oil globally — and nobody knows who to chase for insurance should they get into accidents.

Felix Cesare/Getty Images

Russia's tax hike on the oil and gas industry will be destructive to a key piece of its economy

Tech Insider : Economy
Vladimir Putin in a meeting
Russian President Vladimir Putin.

Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP

Russia’s battered wartime economy is still chugging along as it taps its wealth fund, raises taxes, and ramps up imports

Tech Insider

Welcome back, readers. I'm Phil Rosen. I hope you enjoyed this weekend's NBA playoffs and new episode(!) of Succession as much as I did. 

We have a lot of ground to cover today — starting with First Republic. The FDIC announced early this morning that the firm will be taken over by JPMorgan after being seized by regulators.

Russian oil price caps have crushed Moscow's war revenue to start the year - despite widespread violations

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vladimir putin russia
Russian President Vladimir Putin.

Pool/Yuri Kadobnov via Reuters

India could rely on Russia for half its oil imports soon as Moscow continues to sell cheap barrels

Tech Insider
Vladimir Putin
Russian President Vladimir Putin.

Alexei Druzhinin/RIA Novosti, Kremlin Pool Photo via AP

US tech stocks have run their course for now – and face a 20% to 40% correction, veteran trader says

Tech Insider
Stock Trader
A stock trader.

Photo by TIMOTHY A. CLARY/AFP via Getty Images)

Pakistan just became the latest country to snap up cheap Russian oil

Tech Insider
An employee of a petrol station updates the latest fuel prices on a board in Karachi on February 16, 2023, after a hike in prices of petroleum products by the government.
Pakistan has placed it first order for discounted Russian oil, according to Reuters.

Asif Hassan/AFP

Germany looks to cut its reliance on China with a new $2.2 billion commodities fund

Tech Insider
Nord Stream 1 German Chancellor Olaf Scholz
German Chancellor Olaf Scholz (R) stands next to Christian Bruch, President and CEO of Siemens Energy, in front of a turbine of the Nord Stream 1 pipeline as Scholz gives a statement during a visit on August 3, 2022 at the plant of Siemens Energy in Muelheim an der Ruhr, western Germany.

SASCHA SCHUERMANN / Getty Images

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