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You Searched For "oil" and got 16 results


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3 mins read

Oil demand may never rebound to pre-pandemic highs as world shifts to renewables, BP says

The industry giant presented three scenarios for oil consumption moving forward, which range from a…

Ben Winck   


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2 mins read

World's biggest oil traders are set to cut out Russian oil purchases from the middle of May, report says.

Major oil trading houses are set to significantly reduce the amount of oil they purchase from Russi…

Adam Morgan McCarthy   


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2 mins read

Oil rises despite strength in the US dollar, while Western leaders prepare sanctions on Russian energy.

Oil rose on Wednesday despite the dollar hitting two-year highs, while the EU banned Russian coal i…

Adam Morgan McCarthy   


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2 mins read

A guide to choose the Healthiest Cooking Oil

Cooking oils play a crucial role in our culinary endeavors, not only enhancing flavors but also aff…

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2 mins read

Oil drops over 4% as COVID-19 cases force new lockdowns in China, while Russia and Ukraine talks resume

Oil dropped over 4% as COVID-19 cases rose in China, while supply worries receded as Ukraine said i…

Adam Morgan McCarthy   


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2 mins read

Oil prices jump as much as 3% as Saudi Arabia raises prices for customers across the globe, report says

Oil prices jumped as much as 3% on Monday as Saudi Arabia raised prices for its customers across th…

Adam Morgan McCarthy   


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2 mins read

Oil steadies, but remains below $120 a barrel in volatile trade as EU remains divided on a potential ban on Russia's energy exports

Oil prices pull back slightly while the EU proposed sanctions on Russian energy exports and attacks…

Adam Morgan McCarthy   


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2 mins read

Oil turns lower as positive signs in Russia-Ukraine peace talks ease concerns about supply

Oil prices fell Tuesday as Russia-Ukraine peace talks brought a promise of a military scale-back ne…

Adam Morgan McCarthy   


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1 min read

Oil plummets 21% to 21-year low as sinking demand spurs uncertainty around storage

Oil has continued to tumble following OPEC's record-breaking production cut as the coronavirus outb…

Joe Ciolli   


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3 mins read

Castor Oil: Benefits, uses, facts and effects

Castor oil, derived from the seeds of the castor plant (Ricinus communis), has been celebrated for …

Business Insider Latest Story Image
1 min read

An oil trader is reportedly betting crude prices will soar more than 200% amid the inflation spike and energy crunch

Oil prices have already surged by more than 60% this year, and are now trading above $80 a barrel.

Carla Mozée   


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2 mins read

Oil edges above $100 a barrel, but heads for a weekly loss as volatility stemming from Russia-Ukraine conflict remains high

Crude oil steadied above $100 a barrel, but volatility remained high, after the price plunged earli…

Adam Morgan McCarthy   


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2 mins read

Oil drops over 3% as some concerns about supply recede in light of Russia-Ukraine peace talks

Oil fell by as much as 5% as Russia and Ukraine prepared for more peace talks, while a surge in Cov…

Adam Morgan McCarthy   


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2 mins read

Oil prices drop to 3-month low with pressure building from demand concerns and a stronger US dollar

The US Dollar Index rose to its highest since November, leaving dollar strength to weigh on oil pri…

Carla Mozée   


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2 mins read

Oil prices plummet 4% as the US weighs up largest-ever release from its strategic reserves

Crude oil headed for an 11% weekly loss after reports the US may release as much as 180 million bar…

Adam Morgan McCarthy   


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5 mins read

Unlocking the Wonders of Coconut Oil: From Culinary Delight to Wellness elixir

Coconut oil, often referred to as the "miracle oil," has garnered immense popularity in recent year…