WASHINGTON (Sputnik) – A recent spike in energy prices benefited the US economy but harmed Europe, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday.
NEW YORK (Sputnik) - Crude prices broke above $90 per barrel on Friday, giving the oil rally its biggest week since early February.
Oil is commonly regarded as the most volatile of all commodities due to multiple factors that impact its price globally, both implicitly and explicitly.
Russian President Vladimir Putin is on a rare trip to the Middle East, stopping in the United Arab Emirates and Saudi Arabia, where oil prices and Israel-Hamas war are on the agenda. CNN's Fred Pleitgen reports.
A strong U.S. jobs report takes investors by surprise, as inflation fears abound. Plus, oil prices are moving too.
The world needs to invest at least $12 trillion in the oil industry by 2045 if it wants to avoid higher oil prices, OPEC Secretary General Haitham Al Ghais tells Becky Anderson.
The United Nations successfully transferred over one million barrels of oil from a decaying tanker off the Yemen coast. United Nations Development Programme Administrator, Achim Steiner, joins Rosemary Church to discuss what happens to the...
Oil prices in July saw their sharpest rise since January 2022. CNN's Becky Anderson speaks to Noah Brenner, Energy Intelligence's Executive Editor for Operations.
The United Nations says a long-awated operation to remove one million barrels of oil from a decaying supertanker near Yemen's coastline is underway.
The FSO Safer tanker has been decaying off the coast of Yemen since 2015, holding an estimated 1 million barrels of oil . CNN's John Vause speaks to Achim Steiner, an Administrator at the United Nations Development Programme, about how the U.N....
CNN reporter Anna Stewart explains why Goldman Sachs is slashing its 2023 price target for oil by 10%.
Saudi Arabia has pledged to slash oil production by another one million barrels a day. Becky Anderson speaks to Andrew Critchlow of S&P to speak about the imact of that decision on wider markets.
World oil prices soared Monday after several top producers led by Saudi Arabia sprang surprise output cuts despite already angering the United States with a similar move last year.Crude futures surged almost eight percent at one stage, a day after...
MOSCOW (Sputnik) - Oil prices rose more than 5% following announced additional production cuts by a number of OPEC+ countries, trading data showed.
California Gov. Gavin Newsom signed a bill into law Tuesday that gives the state's energy commission oversight power on oil companies to determine potential price gouging and impose corresponding penalties.
Ukrainian authorities do not understand the mechanism of establishing a price ceiling for Russian oil, Maxim Kanishchev, head of the Moscow-based non-profit think tank Unselm, told Sputnik.
It was the handshake heard round the world. Indeed, the agreement between long-time foes Saudi Arabia and Iran to bury the hatchet and re-establish diplomatic relations after years of confrontation and religious hostility, must inevitably take a...
MOSCOW (Sputnik) - Global oil prices are falling after the publication of an American business-focused daily newspaper, which reported citing unnamed Emirati officials that the UAE was in internal discussions about the possibility of withdrawing...
For Ukraine, the year since Russia's invasion has been one of widespread death, destruction and displacement, as millions had their lives changed forever. Americans got off easy by comparison, with most feeling the impact of the war only at the...
MOSCOW (Sputnik) - The level of world oil demand in December rose by 1.3 million barrels of oil per day reaching a new record high, the International Energy Forum (IEF) said on Monday, citing the Joint Oil Statistics Initiative.
Europe's natural gas prices have tumbled to their lowest level in nearly 18 months in the latest sign the region has avoided a much-feared energy crisis.
