You Searched For "oil crisis" and got 20 results
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4 mins read
After record profits, state-owned fuel retailers Indian Oil, BPCL and HPCL see profit slump in Q1
IOC, BPCL and HPCL posted up to 90 per cent slump in their June quarter earnings as margins fell an…
PTI
2 mins read
Houthi operatives placed explosives on a tanker and detonated them, risking a catastrophic oil spill in the Red Sea
The Houthis attacked the Greek-flagged MV Sounion multiple times last week and have threatened to c…
Jake Epstein
2 mins read
The world could see a 1970s-style oil shock amid deepening conflict in the Middle East, 'Dr. Doom' Nouriel Roubini says
An oil price shock has the potential to spark a recession or a 1970s-style stagflationary crisis, R…
Jennifer Sor
2 mins read
Stock market dips sharply even as UN Security Council reaches de-escalation consensus on Israel-Iran tensions
The Indian stock market kicked off trading on Monday with a sharp downward trend, echoing global an…
5 mins read
We're watching an American retirement crisis unfold
What was once a natural part of the American dream — retirement — is now a luxury many …
Jordan Parker Erb
6 mins read
Jamie Dimon, CEO of JPMorgan Chase, just hinted at retirement. Here's how he became an iconic billionaire banker.
Jamie Dimon, the CEO of JPMorgan Chase, began his career in banking at American Express.
Katherine Tangalakis-Lippert
2 mins read
Russia's military is so hard up for manpower that it now pays more than the oil and gas sector
Russia is a major energy producer, and the industry's robust revenues have kept Moscow's war chest …
Huileng Tan
3 mins read
I covered the climate crisis and COP28 from an oil-rich nation — here's what I learned and why I'm hopeful for the future
At COP28, the UAE is rife with climate contradictions that spilled into the climate discussions. Bu…
Catherine Boudreau
2 mins read
Brent crude oil prices remain under pressure on tensions that risks in global banking sector may spark a recession worldwide
Today as of 2:44 pm, Brent crude prices were at $74 per barrel. The current trend of fall in …
2 mins read
Trump asked top oil execs for $1 billion campaign cash in exchange for environmental policy rollbacks, report says
Trump offered oil execs a $1 billion campaign contribution "deal" in exchange for dismantling Biden…
Rebecca Rommen
3 mins read
The United Arab Emirates pursued nearly $100 billion worth of oil and gas deals the same year it led the global climate summit, analysis finds
The UAE closed more than a dozen deals to expand its oil and gas footprint at home and overseas, an…
Catherine Boudreau
2 mins read
Russia's economy can't avoid a crisis forever and it's becoming more vulnerable to shocks, think tank researcher says
A researcher at the think tank CEPA wrote that the war is sapping Russia's economy, leaving economi…
Jennifer Sor
2 mins read
Red Sea turmoil is the only thing keeping oil prices as high as they are
The Red Sea chaos is actually creating a floor beneath prices, which would otherwise be dragged dow…
Aruni Soni
2 mins read
Joe Biden is running out of ammunition to fight the next oil crisis
"To allow this drawdown to take place has put undue stress on American resources and limits our abi…
Brian Evans
1 min read
Surging oil prices could sour soft landing hopes, but it won't spark a crisis like the 1970s, market veteran says
Market analyst Ed Yardeni increased the odds of a recession from 15% to 25% by next year's end, as …
Filip De Mott
1 min read
India will be the largest source of oil-demand growth for the next 7 years, IEA says
The nation's oil demand is expected to increase by 1.2 million barrels a day by 2030, roughly a thi…
Aruni Soni
2 mins read
The Red Sea crisis could trigger an inflation spike as shipping costs soar
An index that tracks container rates spiked 61% last week, with big companies rerouting their vesse…
George Glover
3 mins read
Saudi Arabia and other oil heads keep refuting the science behind phase-out of fossil fuels at COP28; Are they right?
Fossil fuels have been considered the primary culprit behind the planet-warming climate crisis, but…
2 mins read
Pakistan will do anything to get cheap oil as its economic crisis drags on including paying for it in the Chinese yuan
Pakistan's shift to the yuan to pay Russia for crude oil comes as countries globally begin lining u…
Huileng Tan
4 mins read
Oil cos losing close to Rs 3 a litre on diesel, profit on petrol down
State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on…