Oil tankers are getting stuck in the Black Sea. That could become a problem | CNN Business
CNN — A bottleneck is building across an important trading route for oil, which if left unresolved could knock global...
Commodity Markets
Why we think we’re in a recession when the data says otherwise | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
When China and Saudi Arabia meet, nothing matters more than oil | CNN Business
Hong Kong CNN Business — Chinese President Xi Jinping is visiting Saudi Arabia this week for the first time in...
US trade deficit edged up to $78.2 billion in October | CNN Business
New York CNN Business — The US trade gap edged only slightly higher in October than the month before, to...
Indonesia wants to make an OPEC for this coveted metal | CNN Business
London CNN Business — Indonesia produces more nickel than any other country. As demand soars for batteries to power the...
The West just scrambled the oil market. What happens next is up to Russia | CNN Business
London CNN Business — Most Russian crude oil exports to Europe are now banned, marking the boldest effort yet by...
Oil Price Rises After Russia Cap Kicks In
MarketsCommoditiesThe sanctions aim to crimp Russia’s oil income while preventing a surge in energy prices Source link
OPEC+ Keeps Oil Curbs Despite Russia Price Cap
WorldGroup led by Saudi Arabia and Russia also faces slowing demand in China Source link
G-7 Sets Russian Oil Price Cap of $60 a Barrel
The move came just hours after the European Union united behind the figure, as Western nations try to curb Moscow’s...
Europe agrees to cap the price of Russian oil at $60 a barrel | CNN Business
London CNN Business — The European Union has reached a consensus on the price at which to cap Russian oil...
More Venezuelan Oil Unlikely to Reach Markets Soon Despite New Chevron License
BusinessBefore pumping crude in Venezuela, Chevron must collect debt, repair equipment and bolster its workforce while facing outages and security...
Biden to Sell More Oil From Strategic Reserve to Keep Gas Prices in Check
WASHINGTON—The Biden administration is planning to sell more oil from the country’s strategic reserves—and is considering authorizing new sales this...
U.S., Allies Negotiating Price Level for Russian Oil Cap
WASHINGTON—The U.S. and its partners are rushing to hammer out an agreement on a level for a price cap on...
Coal Miner Peabody Energy in Deal Talks With Australian Rival Coronado
ADELAIDE, Australia— Peabody Energy Corp. BTU -2.62% is in talks to combine with an Australian rival that could result in...
As Europe Caps Energy Bills, the Merits of Price Controls Get Another Look
The highest inflation in decades and the steep drop in Russian natural gas exports to Europe have pushed a growing...
OPEC+ Agrees to Biggest Oil Production Cut Since Start of Pandemic
VIENNA—The Organization of the Petroleum Exporting Countries and its Russia-led allies on Wednesday agreed to slash two million barrels a...
OPEC+ to Weigh Production Cut to Bolster Oil Prices
OPEC+ is set to consider Wednesday its most drastic reduction of production since the pandemic began in order to help...
U.S. August Inflation Rate Is Expected Tuesday Amid Lower Gasoline Prices
The U.S. inflation report for August will offer details of the price changes consumers faced at the end of the...
How a CEO Rescued a Big Bet on Big Oil; ‘There Were a Lot of Doubters’
Occidental Petroleum Corp. OXY 1.75% entered the thick of the pandemic among the worst prepared of its U.S. oil-and-gas peers....
OPEC+’s Warning Shot
Updated Sept. 5, 2022 5:30 pm ET Russia is using natural gas to punish Europe. Oil hasn’t yet been similarly...
