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China's economic issues are so serious that even the oil market doesn't care about Middle East tensions — for now

Tue, 10/01/2024 - 02:38

Tech Insider : Economy

Saudi Arabia's King Salman bin Abdulaziz Al Saud and Chinese leader Xi Jinping. — China and Saudi Arabia are impacting oil prices more than Israel's actions in the Middle East.
Lintao Zhang/Getty Images

energy, economy, Markets, energy, oil-price, Israel, Lebanon

The drop in oil prices is just a 'ploy' as speculators pretend demand is weak, Saudi Arabia energy minister says

Fri, 11/10/2023 - 10:12

Prince Abdulaziz bin Salman — Saudi Arabian Energy Minister Prince Abdulaziz bin Salman.
REUTERS/Satish Kumar

Markets, mi-exclusive, oil-prices, oil-price-outlook, oil-supply, saudi-arabia, brent-crude

Oil prices would soar to $150 and market volatility would skyrocket in the most severe scenario for the Israel-Hamas war, EY chief economist says

Mon, 10/23/2023 - 15:16

Oil drills — Oil prices have risen sharply following Russia's invasion of Ukraine.
imaginima/Getty Images

Markets, mi-exclusive, oil-prices, israel-hamas, War, stock-market-volatility, VIX

Russia and Saudi Arabia have likely made close to $3 billion this quarter as OPEC+ production cuts push oil toward $100 a barrel

Fri, 09/29/2023 - 10:30

king salman saudi arabia putin russia — Russian President Vladimir Putin, right, and Saudi Arabia's King Salman pose for a photo during a welcoming ceremony ahead of their talks at the Kremlin in Moscow, Russia, on Thursday, Oct. 5, 2017.
Yuri Kadobnov/Pool Photo via AP

Markets, mi-exclusive, oil-prices, saudi-arabia, Russia, saudi-arabia-oil, russia-oil

Oil prices will hit $100 a barrel in 2024, Goldman Sachs' chief commodities strategist warns

Thu, 09/28/2023 - 15:37

oil rig — Pixabay/jp26jp

Markets, mi-exclusive, oil-price-outlook, oil-prices, brent-oil-price, wti-oil-price, oil-100

'Shark Tank' investor Kevin O'Leary warns of more pain coming for the economy as the Fed is poised to hike rates higher and as oil prices keep rising

Fri, 09/22/2023 - 10:25

Tech Insider : Economy

kevin o'leary — The US needs to up oil production to around 18 million barrels a day, Kevin O'Leary estimated.
Reuters/Gus Ruelas

Markets, economy, mi-exclusive, kevin-oleary, Fed, interest-rates, fed-rate-hikes

Oil prices could rise to $120 a barrel on further supply cuts, and that would bring economic growth to a halt next quarter, JPMorgan says

Wed, 09/20/2023 - 10:05

Tech Insider : Economy

oil — Men work on an well pump near Sweetwater, Texas, Dec. 23, 2014.
LM Otero/AP

Markets, mi-exclusive, oil-price-outlook, oil-prices, crude-prices, rising-oil-prices, oil-supply

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

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