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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

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

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

Russian oil price caps have crushed Moscow's war revenue to start the year - despite widespread violations

Wed, 04/26/2023 - 09:09

vladimir putin russia — Russian President Vladimir Putin.
Pool/Yuri Kadobnov via Reuters

Markets, MI Exclusive, Russian Oil, Russia, Moscow, oil exports, Oil

India could rely on Russia for half its oil imports soon as Moscow continues to sell cheap barrels

Tue, 04/25/2023 - 09:42

Vladimir Putin — Russian President Vladimir Putin.
Alexei Druzhinin/RIA Novosti, Kremlin Pool Photo via AP

Markets, MI Exclusive, India, Russia, China, Russian Oil, Oil

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

Russia will keep selling cheap oil at bumped-up levels to India - this is why they're both in it for the long haul, a top analyst explains

Sun, 03/05/2023 - 04:00

Oil exports — Russia has rerouted its oil exports away from Europe towards Asia.
Suriyapong Thongsawang/Getty Images

Markets, MI Exclusive, Commodities, Russian commodities, Oil, crude, Crude Oil

Russian oil heads to West Africa for the first time since 2018 as Western sanctions leave Moscow scrambling to find buyers

Tue, 02/28/2023 - 07:28

Tankers carrying Russian oil are settling in Asian ports ahead of EU sanctions — The last time Russian oil was delivered to a Western African country was in 2018.
Getty Images

Markets, MI Exclusive, Russian Oil, Ghana, Russia, Ukraine, Oil

Oil prices will jump 25% in the next 6 months but it's a 'believe it when I see it market,' analyst says

Thu, 02/23/2023 - 11:16

The UAE is moving up an already ambitious target to increase crude oil output. — Getty Images

Markets, MI Exclusive, Stocks, Outlook, Trading, Investing, Oil

Joe Biden is running out of ammunition to fight the next oil crisis

Sun, 02/19/2023 - 08:15

split image of Biden and Putin — President Joe Biden spoke with CNN's Jake Tapper on Tuesday about Russian President Vladimir Putin's war in Ukraine.
Julio Cortez, Gavriil Grigorov/AP

Markets, MI Exclusive, Oil, crude, Outlook, Trading, OPEC

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