Saudi Arabia may make surprise oil cuts, sending prices soaring and the futures market into backwardation, says a 30-year energy expert

Tech Insider
Creative of oil prices rising.

sefa ozel/Getty Images

Oil prices tumble as OPEC+ pushes back key meeting and Saudi Arabia grows frustrated

Tech Insider
A 3D-printed oil pump jack in front of the OPEC logo in this illustration picture SOURCE: REUTERS
OPEC

Dado Ruvic/Reuters

The money you are saving at the pump this holiday season is probably only temporary

Tech Insider : Economy
Woman pumps gas while holding a baby.
Travelers will save $1.2 billion at the gas pump this holiday season.

Shannon Fagan/Getty Images

Oil markets could shift into surplus in early 2024 as demand growth slows and non-OPEC+ producers lead supply growth, IEA says

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midwest oil rig

Scott Olson/Getty Images

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

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Prince Abdulaziz bin Salman
Saudi Arabian Energy Minister Prince Abdulaziz bin Salman.

REUTERS/Satish Kumar

Oil prices are at their lowest level since August. Here's everything moving crude markets.

Tech Insider
Israeli soldiers work to secure residential areas following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, southern Israel October 7, 2023.
Israeli soldiers work to secure residential areas following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, southern Israel October 7, 2023.

REUTERS/Ammar Awad

Here's why gasoline prices could sink 9% by year-end despite oil's surge

Tech Insider : Economy
gas pump
A New York City cab driver fills his taxi on July 2, 2008.

Shannon Stapleton /Reuters

Gasoline prices are heading lower after Saudi Arabia pushed oil prices too high and crushed demand, analyst says

Tech Insider : Economy
gas pump prices cars

AP Photo/Gene J. Puskar

At least $12 trillion in oil industry investments are needed to prevent a spike in energy prices, OPEC chief says

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Oil drilling
Oil drilling

Getty Images

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

Tech Insider
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

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