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2 of the world's biggest oil producers are looking for new ways to power their economies

Mon, 10/21/2024 - 22:43

Tech Insider : Economy

Russia's President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman talking. Entourage in background. — Russia and Saudi Arabia are rethinking their economies.
Alexey Nikolsky/Pool/AFP

economy, saudi-arabia, Russia, oil-revenue, OPEC

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

Thu, 11/23/2023 - 14:55

Creative of oil prices rising. — sefa ozel/Getty Images

Markets, Investing, News, Markets, Investing, News, oil-production

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

Wed, 11/22/2023 - 09:51

OPEC

Dado Ruvic/Reuters

Markets, mi-exclusive, Markets, saudi-arabia, OPEC, oil-prices, Oil

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

Tue, 11/21/2023 - 06:03

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

economy, Markets, gas-prices, oil-prices, OPEC, thanksgiving-travel

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

Tue, 11/14/2023 - 11:01

midwest oil rig — Scott Olson/Getty Images

Markets, mi-exclusive, oil-market, supply-cuts, oil-demand, OPEC, us-crude

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

Tue, 11/07/2023 - 10:45

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

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

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

Sun, 10/22/2023 - 08:15

Tech Insider : Economy

gas pump — A New York City cab driver fills his taxi on July 2, 2008.
Shannon Stapleton /Reuters

Markets, mi-exclusive, gas-prices, gasoline-prices, Oil, Geopolitics, israel-hamas

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

Thu, 10/05/2023 - 14:14

Tech Insider : Economy

gas pump prices cars — AP Photo/Gene J. Puskar

Markets, mi-exclusive, gas-prices, oil-prices, OPEC, saudi-arabia, Russia

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

Mon, 10/02/2023 - 14:27

Oil drilling — Oil drilling
Getty Images

Markets, mi-exclusive, OPEC, oil-investment, crude, oil-price, Brent

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