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Surging oil prices could cause demand to crumble, forcing Saudi Arabia to take its 'foot off the brake' sooner than markets expect, energy exec says

Thu, 09/28/2023 - 13:00

Tech Insider : Economy

Khurais oilfield, Saudi Arabia oil — A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh.
Ali Jarekji/Reuters

Markets, mi-exclusive, Oil, production-cuts, saudi-arabia, OPEC, demand

US oil prices surge to their highest level in 2023

Wed, 09/27/2023 - 12:19

oil rig — Jim Urquhart/Reuters

Markets, mi-exclusive, Markets, Oil, crude-oil, west-texas-intermediate, brent-crude

Oil could be headed as high as $150 unless the US boosts its output, says major exploration firm

Wed, 09/27/2023 - 04:45

Oil drilling — Oil drilling
Getty Images

Markets, mi-exclusive, Markets, Commodities, Oil, shale, OPEC

Oil prices nearing $100 a barrel is bad news for inflation — but it's good news for Russia

Mon, 09/25/2023 - 00:27

Russian President Vladimir Putin delivers key speech during the Russian Energy Week 2022 in Moscow, Russia on October 12, 2022. ( — Russian President Vladimir Putin delivers key speech during the Russian Energy Week 2022.
Kremlin Press Office/Handout/Anadolu Agency/Getty Images

Markets, News, Markets, mi-exclusive, energy, Oil, Russia

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

Russia is getting richer again, thanks to soaring oil prices

Thu, 09/14/2023 - 05:21

Tech Insider : Economy, Economy

Putin — Russian President Vladimir Putin.
(Photo by ALEXANDER KAZAKOV/SPUTNIK/AFP via Getty Images)

economy, Markets, economy, Russia, ukraine-war, Commodities, Oil

The biggest oil deficit since 2007 will hit in the 4th quarter as Saudi Arabia cuts supply

Tue, 09/12/2023 - 12:43

Tech Insider : Economy

oil worker barrels — A worker prepares to transport oil pipelines to be laid for the Pengerang Gas Pipeline Project at an area 40km (24 miles) away from the Pengerang Integrated Petroleum Complex in Pengerang, Johor, Malaysia.
Reuters/Edgar Su

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

A key global oil price zoomed past $90 a barrel for the first time in 2023 — and analysts say it could keep inflation high

Wed, 09/06/2023 - 04:00

wellhead oil pump — A key global oil price zoomed past $90 a barrel for the first time in 2023 — and analysts say it could keep inflation high.
Jeff W. Jarrett/Shutterstock

Markets, energy, News, mi-exclusive, Markets, energy, Oil

Gas prices nearing $4 a gallon rekindle fears of inflation rebound

Tue, 08/15/2023 - 08:28

Gas pump — US gas prices surged to $3.96 a gallon earlier on Monday.
(Photo by FREDERIC J. BROWN/AFP via Getty Images)

Markets, MI Exclusive, US gas prices, Gas Prices, oil gas prices, Inflation, Fed

Russia-China ties deepen as Beijing buys a record amount of oil from the warring nation in the first half of 2023

Thu, 07/20/2023 - 14:12

Tech Insider : Politics

Russian President Vladimir Putin and Chinese President Xi Jinping attend a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023 — Russian President Vladimir Putin and Chinese President Xi Jinping attend a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023
Sputnik/Sergei Karpukhin/Pool via REUTERS

Markets, MI Exclusive, China, Russia, russia economy, Chinese, barrels

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