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1 min read

Russia's oil revenue has plunged as global crude prices tumble

Moscow saw oil sales drop to $1.44 billion the last week, the lowest value since January, Bloomberg…

Jennifer Sor   


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1 min read

The US is pumping more oil than ever, and it's complicating things for other crude-exporting countries

US crude production notched a new monthly record in August. That's not necessarily welcome news to …

Filip De Mott   


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2 mins read

Russia is still passing $2 billion worth of its oil products to the West via middlemen, think tank says

Western countries have bought billions of dollars worth of Russian oil from Turkish refiners, a stu…

Jennifer Sor   


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Oil prices could soar 62% by early 2025 if the geopolitical situation deteriorates, Citi strategist says

Citi's bull case for oil hinges on conditions deteriorating sharply in the Middle East as tensions …

Jennifer Sor   


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Stock market today: Tech rally leads stocks higher as oil prices plunge and earnings kick off

The market rebounded from Monday's losing session as oil prices plunged 4% and tech stocks gained g…

Filip De Mott   


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Russia has expanded its shadow fleet that it uses to evade oil sanctions, think tank says

Russia added 74 ships to its secretive fleet of shadow tankers, according to a new report from a Uk…

Jennifer Sor   


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Sanctioned tankers are back to transporting Russian oil in a blow to the West's efforts to restrict crude flows

The number of sanctioned ships carrying Russian oil grew sixfold last month compared to levels in A…

Jennifer Sor   


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3 mins read

India imported USD 2.8 bn worth of crude oil from Russia in July

India, the world's third largest oil consuming and importing nation, in July bought USD 2.8 billion…

PTI   


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Russia's oil and gas revenue is reportedly set to boom 50% this month

Russia's oil and gas sales are on track to reach $9.4 billion in June, Reuters estimated.

Jennifer Sor   


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1 min read

Russia stands to lose $6.5 billion a year if Ukraine doesn't renew a gas pipeline deal at the end of the year, report says

Ukraine also stands to lose around $800 million a year if it doesn't renew a gas pipeline deal with…

Jennifer Sor   


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2 mins read

Russia saw its oil revenue double in April despite Western sanctions

Strong global demand and supply fears driven by geopolitical risks have helped bolster Russia's ene…

Yuheng Zhan   


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2 mins read

Stock market today: Indexes end mixed as traders assess rate path and brace for more earnings

Stocks wavered on Tuesday, with investors assessing this week's bond market sell-off that pushed th…

Filip De Mott   


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Stock market today: Indexes slide and yields rise as rate-cut outlook dims

US stocks added to Monday's losses as investors pared back rate cut expectations. Markets are geari…

Filip De Mott   


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Russian oil exports drop to lowest in 7 months amid OPEC cuts and sanctions

Russian oil exports are down as the country moves to comply with OPEC production cuts and sanctions…

Kelly Cloonan   


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4 mins read

Ukrainian troops fighting on Russian soil have an advantage they've never had in this war

In Kursk, Ukraine can "fight in the most efficient way possible," one war expert said. It's not lik…

Sinéad Baker   


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2 mins read

Stock market today: S&P 500 hits another record close as rally presses on amid earnings

The S&P 500 enjoyed its 46th record close of the year on Monday. Investors are awaiting a deluge of…

Matthew Fox   


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1 min read

Stock market today: Indexes trade mixed as investors await wave of earnings results

More than 40 S&P 500 companies are set to report results this week, including Netflix, Morgan Stanl…

Matthew Fox   


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1 min read

Spiking oil prices helped Russia energy-tax revenue double last month

The amount of tax that Russia collected on oil and gas rose by 90% on a year-over-year basis in Mar…

Filip De Mott   


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Stock market today: Indexes hit records and notch 5-week win streak after upbeat earnings, cool inflation

The S&P 500 ended at a record high on Friday, representing the index's 45th record closing high thi…

Matthew Fox   


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Stock market today: US stocks edge up after wholesale inflation comes in cool

"CPI might have seemed hot, but PPI was not. Overall, these numbers are getting less impactful as i…

Matthew Fox