China is ramping up Russian oil imports and Beijing could greenlight even more volumes

Tech Insider
china president putin russia

Sergei Karpukhin/Reuters

Russia is slashing its oil output by 5% in retaliation to Western sanctions — but it also likely that it is struggling to find buyers in the first place

Tech Insider
Vladimir Putin
Russian President Vladimir Putin slammed the EU's price cap on Russian crude, calling it "stupid."

Mikhail Metzel/Getty Images

Oil prices surge as Russia says it will slash crude production by 5% next month

Tech Insider
Vladimir Putin Russia
Russian Prime Minister Vladimir Putin.

REUTERS/RIA Novosti/Pool

A global recession could be coming - at least that's what commodity prices seem to say

Tech Insider

Happy Friday eve to the smartest corner of the internet. Phil Rosen here, writing to you from New York City. 

This week I've seen commentators draw comparisons between the current boom in artificial intelligence stocks and that of meme stocks two years ago. 

Oil and copper prices are weakening despite China's reopening. It's a sign a global recession is coming but liquidity issues may also be at play, economists warn.

Tech Insider
Copper
A worker ties copper wire rods before loading them onto a truck at the workshop of a company on January 29, 2023 in Huai'an, Jiangsu Province of China.

(Photo by Yin Chao/VCG via Getty Images)

Oil prices rise as the outlook for China's demand brightens and after Turkey's earthquake ignites supply concerns

Tech Insider
oil rig

Jason Kozlowski / EyeEm

A top oil analyst explains Europe’s new fuel sanctions on Russia and how that impacts global energy markets

Tech Insider

Good morning. I'm Phil Rosen. 

My favorite part of this job is getting the opportunity to speak to interesting, smart people — especially when I get to share their insights here in this newsletter. 

Do you have suggestions of who I could talk to next? Tweet me or email me (prosen@insider.com).

Today, I'm sharing my conversation with Matt Smith of commodities analytics firm, Kpler. 

Goldman Sachs sees oil prices heading to $100 a barrel by the third quarter of 2023 amid China reopening

Tech Insider
oil
Oil has dipped to around $82 amid a depressed global economic environment.

Andrey Rudakov/Bloomberg

Oil's bull story for 2023 is China's reopening, but that could be derailed if Beijing can't stay the course on its retreat from zero-COVID policy, RBC's Helima Croft says

Tech Insider : Economy
A staff member fills up a car at a gas station in Nanjing, Jiangsu Province, China.
A staff member fills up a car at a gas station in Nanjing, Jiangsu Province, China.

CFOTO/Future Publishing via Getty Images

Subscribe to oil prices