Saudi Arabia, U.A.E. Scoop Up Russian Oil Products at Steep Discounts
Despite U.S. objections, the Gulf countries are using the Russian products internally, including for consumption and refining purposes, and exporting...
Commodity Markets
Saudi Aramco Posts Record $161 Billion Profit for 2022
Saudi Arabia’s national oil company reported the largest profit by an energy firm, continuing a dramatic turnaround for the industry...
Opinion: China’s new role: relationship coach on the world stage | CNN
Editor’s Note: David A. Andelman, a contributor to CNN, twice winner of the Deadline Club Award, is a chevalier of...
War in Ukraine Drives New Surge of U.S. Oil Exports to Europe
MarketsCommoditiesOil MarketsWith the West mostly shunning Russia’s oil and gas, U.S. crude exports increase Source link
North African Countries Snap Up Russian Oil Products Shunned by West
BusinessSome Russian cargo is being exported back to Europe, analysts suspect Source link
OPEC+ Ministers Stick to Cutting Plan Amid Oil-Demand Uncertainty
A panel of energy ministers said the group of petrostates would continue cutting oil production, amid uncertainties about demand in...
Exxon Vaults to Record Annual Profit of $55.7 Billion
BusinessEarningsOnly Apple and Microsoft so far have surpassed Exxon’s fiscal 2022 profit as the oil giant capitalized on high commodity...
Here’s why you should always wait for the earnings call | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit
The oil company banked historic profit last year as the pandemic receded and the war in Ukraine pushed oil prices...
Chevron earnings soar to a record | CNN Business
New York CNN — Chevron reported a record full-year profit of $36.5 billion, buoyed by high oil prices. Adjusted earnings...
The Offshore Oil Business Is Gushing Again
The $1.2 billion Deepwater Titan sat idle in a Singaporean shipyard for five years, looking like an abandoned cruise ship...
Why Egypt is asking its people to eat chicken feet | CNN Business
Editor’s Note: A version of this story appears in today’s Meanwhile in the Middle East newsletter, CNN’s three-times-a-week look inside...
Russia’s war in Ukraine sparked a historic food crisis. It’s not over | CNN Business
London CNN — Grain is once again leaving Ukrainian ports. The price of fertilizer is falling sharply. Billions of dollars...
Egg prices exploded 60% higher last year. These food prices surged too | CNN Business
Minneapolis CNN — Eggs, milk, butter, flour … if you were making pancakes last year, it would have cost you....
U.S., Allies Prepare Fresh Sanctions on Russian Oil Industry
Treasury officials are in Europe this week discussing price caps that go into effect next month. Source link
China’s EV Sales Broke Record in 2022 as Overall Auto Market Stalled
Rising retail demand for electric and plug-in hybrid vehicles boosted the auto market as traditional-car sales slipped 13%. Source link
Wall Street’s biggest winners and losers in 2022 | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
Russia Bans Sales of Oil to Countries Imposing Price Cap
The action follows moves by the Group of Seven nations barring Western companies from insuring, financing or shipping Russian crude...
Europe finally agrees to cap gas prices | CNN Business
London CNN Business — Europe has agreed to a cap on natural gas prices, following months of debate over whether...
Orlando Airport Asks Airlines to Carry Additional Fuel to Avoid Flight Disruptions
BusinessBad weather along the Gulf Coast delayed fuel deliveries, the airport says Source link
