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Russia's oil exports climb to fresh highs despite threats to slash production

Wed, 05/10/2023 - 09:46

vladimir putin — Vladimir Voronin / AP

Markets, MI Exclusive, Vladimir Putin, Russia, russia economy, Russian Oil, Sanctions

'Shark Tank' investor Kevin O'Leary wants to lower gas prices by building a $14 billion oil refinery

Wed, 04/12/2023 - 09:59

kevin o'leary — "Shark Tank"/ABC

Markets, MI Exclusive, Kevin O'Leary, Gas Prices, oil prices, US gas prices, Oil Supply

Russia says it slashed oil production by 700,000 barrels a day in March, far more than originally planned

Fri, 04/07/2023 - 15:36

Crude stock — Getty Images

Markets, MI Exclusive, Crude Oil, Russia, Sanctions, OPEC

Gas prices are on the rise again and drivers can expect more increases to come after steep oil production cuts by OPEC+

Thu, 04/06/2023 - 13:35

pumping gas — Getty/Justin Sullivan

Markets, MI Exclusive, Gas Prices, Oil, OPEC, energy, Brent oil price

Brace for oil prices to spike toward $100 a barrel with OPEC's cuts set to squeeze supply in time for driving season, energy analyst says

Wed, 04/05/2023 - 09:46

Saudi Arabia's energy minister Prince Abdulaziz bin Salman says OPEC+ could slash output further. — Getty Images

Markets, MI Exclusive, Oil, Crude Oil, Saudi, Saudi Arabia, OPEC

Brace for a 'bump at the pump' as OPEC's surprise output cut could send gas prices above $4 a gallon, say analysts

Tue, 04/04/2023 - 05:31

Gas pump — US gas prices could hit $4 a gallon thanks to OPEC+'s surprise crude cuts.
(Photo by Steve Pfost/Newsday RM via Getty Images)

Markets, MI Exclusive, Gas Prices, oil gas prices, US gas prices, gasoline prices, OPEC

Oil prices spike 6% after OPEC's unexpected supply cut

Mon, 04/03/2023 - 09:33

Saudi Arabia's energy minister Prince Abdulaziz bin Salman says OPEC+ could slash output further. — Saudi energy minster Abdulaziz bin Salman Al Saud.
Getty Images

Markets, MI Exclusive, OPEC, Oil Production, Oil Demand, China, Europe

Saudi Arabia-led oil cartel OPEC+ just slashed its crude output – and that's stoked inflation fears. Here's what you need to know.

Mon, 04/03/2023 - 08:34

Biden and Mohammed bin Salman (MBS) fist bumping. — Saudi Arabia said Sunday it'd cut its oil output by 500,000 barrels a day.
Bandar Algaloud/Reuters

Markets, MI Exclusive, Commodities, OPEC, Saudi Arabia, Oil, oil price outlook

The banking crisis hammered crude oil prices so much that OPEC stepped in with a shock 1 million-barrel-a-day production cut

Mon, 04/03/2023 - 00:50

OPEC OPEC+ oil producers oil price — The banking crisis hammered crude oil prices so much that OPEC stepped in with a shock 1 million-barrel-a-day production cut.
Ramzi Boudina/Reuters

Markets, News, MI Exclusive, Crude Oil, OPEC, Oil, energy

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

Mon, 02/27/2023 - 10:16

Oil storage facility in Texas — An oil storage facility in Houston, Texas.
Mark Felix/AFP via Getty Images

Markets, MI Exclusive, Oil, oil prices, Brent Crude, China, china reopening

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