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Commodities

German insurers are backing the damaged Nord Stream gas pipeline despite their country severing energy ties with Russia

Tue, 04/04/2023 - 07:17

Nord Stream 1 — The Nord Stream natural gas pipeline.
Stefan Sauer/Getty Images

Markets, MI Exclusive, Nord Stream 1, Nord Stream, Nord Stream pipeline, Russia, Russian natural gas

Saudi Arabia-led oil cartel OPEC+ just slashed its crude output – and that's stoked inflation fears. Here's what you need to know.

Mon, 04/03/2023 - 08:34

Biden and Mohammed bin Salman (MBS) fist bumping. — Saudi Arabia said Sunday it'd cut its oil output by 500,000 barrels a day.
Bandar Algaloud/Reuters

Markets, MI Exclusive, Commodities, OPEC, Saudi Arabia, Oil, oil price outlook

It could take years for the US to refill its emergency oil reserves after last year's record sales

Fri, 03/24/2023 - 09:48

The UAE is moving up an already ambitious target to increase crude oil output. — Oil barrels.
Getty Images

Markets, MI Exclusive, Oil, Crude Oil, WTI Crude, Brent Crude Oil, Strategic Petroleum Reserve

Russia is using decades-old oil tankers on icy waters to duck sanctions and prop up its struggling energy exports

Tue, 03/21/2023 - 08:11

An abandoned cargo vessel lies — An abandoned cargo vessel lies beached along the Black Sea near the war torn city of Ochamchire in Abkhazia.
Loop Images / Contributor

Markets, MI Exclusive, Oil, Russian Oil, oil & gas, Russia, China

JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of stones. It's happened before.

Tue, 03/21/2023 - 05:50

Bag of stones — JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of stones. It's happened before to many others.
Roman Mykhalchuk/Getty Images

News, Markets, Commodities, JPMorgan, warehousing, metals, Nickel

Goldman Sachs slashes its oil price target as banking fiasco boosts recession fears

Mon, 03/20/2023 - 15:32

Goldman Sachs traders NYSE — Goldman Sachs traders work on the floor of the New York Stock Exchange in New York, Monday, March 7, 2011.
Ramin Talaie/Corbis/Getty Images

Markets, MI Exclusive, Stock Market, Oil, oil prices, Analyst Note, Commodities

Russian diesel has been sitting in Sudan waters for over 2 weeks because Moscow can't find buyers

Fri, 03/17/2023 - 08:14

Oil tanker — An oil tanker.
Suriyapong Thongsawang

Markets, MI Exclusive, Oil, Russian Oil, Russian oil embargo, Russian oil ban, russia fuel oil ban

Home construction unexpectedly surged in February as slump in lumber prices offset pain of rising mortgage rates

Thu, 03/16/2023 - 15:28

Tech Insider : Economy

Construction work on a new apartment building in Austin, Texas in February 2023. — Construction work on a new apartment building in Austin, Texas.
Brandon Bell/Getty Images

Markets, MI Exclusive, Housing Market, Lumber, lumber prices, economy, Housing Starts

The US is heading for a credit crunch and now is the time to buy gold and bitcoin, Galaxy CEO Mike Novogratz says

Wed, 03/15/2023 - 13:09

Mike Novogratz — Lucas Jackson/Reuters

Markets, MI Exclusive, Mike Novogratz, Silicon Valley Bank, SVB, Signature Bank, Silvergate Bank

Oil prices drop alongside other commodities as Fed Chair Powell opens the door to even higher US interest rates

Tue, 03/07/2023 - 15:12

oil rig — REUTERS/Jim Urquhart

Markets, MI Exclusive, Oil, WTI oil price, Brent oil price, Gold, Copper

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