You Searched For "oil crash" and got 20 results
Sort By:
1 min read
Russia's expanding 'dark fleet' of tankers won't prevent its oil exports from crashing, top energy trader says
The CEO of Vitol, the world's biggest independent energy trader, explained why Russia's crude expor…
Phil Rosen
1 min read
Former Kremlin official blames the ruble's crash on Russia's stockpile of rupees that's stranded in India
"We have nothing to buy in India, but we cannot return these rupees, because the rupee is an inconv…
Filip De Mott
4 mins read
The US oil price turned negative a year ago today. Analysts now sees it rising 20% to above $75 as countries plot a return to normality
One year ago today, market-watchers were astonished went US oil prices went negative. The outlook i…
Harry Robertson
1 min read
Russia estimates its oil output could fall as much as 17% this year, signaling worst crash since the 1990s, report says
Russia's economy ministry estimated oil production at 433.8 million to 475.3 million tonnes this ye…
Brian Evans
3 mins read
From steep interest-rate cuts to oil crashing as low as $40 a barrel, here are 8 surprise scenarios that could shock markets in 2023
Bitcoin could crash a further 70% to $5,000 in one shock scenario, according to Standard Chartered.
George Glover
2 mins read
OPEC will gain more control of the oil market in 2024, and can raise production again in the 2nd half of the year, energy firm says
The oil cartel has cut the right amount of production to keep markets balanced to start next year, …
Phil Rosen
1 min read
Top investor Kyle Bass warns the Fed could crash the stock market this year — and predicts oil prices will surge this summer
Stocks could plunge 25% if Fed officials hike interest rates and reduce bond holdings as expected, …
Theron Mohamed
2 mins read
Sensex, Nifty trade flat after starting in top gear; gaming stocks crash
The BSE Sensex and the NSE Nifty both started positively in early trade on Wednesday, but shortly a…
2 mins read
Russian oil still relies heavily on Western-backed ships despite breaching the price cap
Western-owned or insured oil tankers continue to service Russian oil cargoes even after Urals crude…
Filip De Mott
2 mins read
Nasdaq closes at a record as Fed's Powell reiterates that rising inflation is transitory
Fed chairman Jerome Powell reiterated his outlook that inflation will be transitory in a congressio…
Emily Graffeo
3 mins read
I worried I didn't teach my daughter everything she needed to know to survive her first year in college. I gave her a crash course.
For college prep, a mom gave her daughter a crash course in real world life skills like laundry and…
Karen M. Alley
2 mins read
At least $12 trillion in oil industry investments are needed to prevent a spike in energy prices, OPEC chief says
"By underinvesting, we are actually endangering energy security," Haitham Al-Ghais told CNN on Mond…
Filip De Mott
3 mins read
Oil prices could surge or crash more than 20% in the coming months based on a global recession, Europe, and these 6 other risks
Oil markets face a looming winter, political uncertainty, OPEC+ moves, and recession fears — all of…
Phil Rosen
3 mins read
Here’s why a crude oil crash won't reflect fast on your petrol and diesel bills
Any other day, people would have been gleeful that US crude oil prices crashed below zero, hoping t…
1 min read
Russia's economy takes a hit as its current-account surplus crashes 85% compared to last year
As war in Ukraine drags on, more signals are flashing that all is not well in Russia's economy desp…
Phil Rosen
4 mins read
As Russia vows to retaliate against oil price caps, a slate of geopolitical risks could send crude prices soaring — or bring it crashing down
Russia's next moves along with risks in Iran, Iraq, and Europe threaten to send crude prices higher…
Phil Rosen
2 mins read
A small London trading house reportedly made $500 million on oil's historic plunge below zero
A tiny trader, Vega Capital London, reportedly made $500 million when US oil prices turned negative…
Saloni Sardana
3 mins read
The strategic way to play the gold & oil theme
For instance, on the year-to-date basis, cyclical like banks and defensive like FMCG are among t…
1 min read
A 'small number' of passengers on a P&O cruise ship were injured after it struck an oil tanker in the Mediterranean
P&O said a "small number" of guests were hurt after the Britannia escaped its moorings in Palma, Ma…
Jyoti Mann
1 min read
Oil prices have rallied after turning negative for the first time ever. Here's the timeline for the oil-price war and April plunge.
The world's most-traded commodity is hot off several historic price moves and soaring back to its h…