Saudi Aramco profits soar 39% in the third quarter to $42 billion fueled by higher global crude prices
Saudi Aramco. Hamad I Mohammed/Reuters Saudi Aramco posted a 39% jump in third-quarter profit to $42.4 billion in is earnings…
Russia could evade the G7’s plan to cap crude prices and still export 90% of its oil, US Treasury official says
Russian President Vladimir Putin smiles during a meeting with the Secretary-General of the Organisation of the Islamic Conference (OIC) Ekmeleddin…
Poland investigates leak in key pipeline carrying crude oil from Russia to Europe
Polish authorities are investigating a leak in the Druzhba crude oil pipeline. Reuters Polish operator PERN found a leak in…
Crude oil could hit $125 a barrel as Russia’s reaction to a US-led price cap threatens to squeeze supply, UBS says
Oil prices are ticking upwards again after falling for the past three to four months. George Frey/Getty Images UBS expects…
Oil prices are nowhere near demand destruction levels, and 3 factors could keep pushing crude higher, says Morgan Stanley commodity chief
Oil barrels are stacked at a storage facility in Seattle, Washington Thomson Reuters Oil prices are "nowhere near" demand destruction…
Bitcoin’s Climate Damage Is on Par With Beef and Crude Oil
Tony C French / Getty It’s abundantly clear that the rise of Bitcoin and other cryptocurrencies is a pernicious blight…
The EU’s upcoming ban on Russian crude could shift 1 million barrels a day to these 7 nations next year, energy researcher says
Atef Hassan/Reuters Roughly 1 million barrels of Russian crude could be redirected come 2023 as Europe's new sanctions kick in.…
Russia will strike back at US-led oil price caps by shipping more crude to Asia, its energy minster says: report
Russia is ready to fight back against Western-imposed price caps on its crude. Felix Cesare/Getty Images If a US-led oil…
Oil prices will surge to $125 a barrel next year despite the G7’s cap on Russian crude, Goldman Sachs says
Members of the G7. Stefan Roussea/AP Goldman Sachs still expects oil prices to hit $125 a barrel in 2023. The…
Russia just said it won’t sell oil to countries that try to impose a price cap on its crude
Russian Deputy Prime Minister Alexander Novak warned Russia could slash its exports. Anadolu Agency/Getty Images Russia said it won't sell…