Saudi Aramco, the world's largest oil company, announces record profit of over $161 billion for 2022

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Saudi Aramco profits soared to $39.5 billion in the first quarter.

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Oil prices could jump 17% by summer as crude has now bottomed out, top shale CEO says

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An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018. Picture taken July 4, 2018. REUTERS/Stringer
Oil tanker unloads crude oil at a crude oil terminal in Zhoushan

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Oil prices are an 'underappreciated' indicator of a coming recession - and they're flashing signs the US will avoid a downturn

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Russia will keep selling cheap oil at bumped-up levels to India - this is why they're both in it for the long haul, a top analyst explains

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Russia has rerouted its oil exports away from Europe towards Asia.

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Indian buyers for Russia's oil are drowning in price-cap paperwork and that could hit Moscow's sales, report says

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Russia's oil exports to India are running into paperwork holdups.

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Watch for oil demand to soar to record highs this year and drive crude back up to $100, top energy trader says

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Oil storage facility in Texas
An oil storage facility in Houston, Texas.

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Russia will slash oil exports 25% to try and push up crude prices for the west, report says

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Russian President Vladimir Putin speaks on the phone in his office in Saint Petersburg, Russia, on December 15, 2018.

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Wall Street luminaries say it's time to get out of the stock market before the Fed crushes the economy

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Happy hump day, readers. I'm senior reporter Phil Rosen, writing to you from Manhattan. 

Today we're going over why some of the most astute voices on Wall Street are advising a shift from stocks to bonds — and what we learned yesterday helps explain why. 

Oil prices slide as the US says it will sell millions more barrels of oil from its strategic reserve into the global market

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US stocks jump as investors look to a further slowdown in consumer inflation

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