You Searched For "oil crisis" and got 20 results
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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
A deeper drop in Russian oil supply is likely to trigger a global recession and a full-blown energy crisis, Bank of America warns
Oil could surge to $150 a barrel if Russian exports drop sharply, BofA said. That's well above the …
Harry Robertson
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…
PTI
2 mins read
Bank of America slashes its oil-price outlook 9% for 2023 as debt ceiling crisis increases risk of recession
Oil is "rushing to anticipate disinflation and a US recession," BofA's commodity research team said.
Carla Mozée
1 min read
The plan to cap the price of Russian crude oil is 'ridiculous' and would push prices up further, energy expert says
"Those Europeans and Americans talking about $40 a barrel, what they're going to get is $140 a barr…
Jennifer Sor
2 mins read
Bankrupt Sri Lanka, which has said it has less than a day of fuel left, is looking to buy cheap Russian oil
On Sunday, Sri Lankan energy minister Kanchana Wijesekera said there was less than a day's worth of…
Huileng Tan
3 mins read
Russia's raking in billions in oil revenue, but running out of buyers. Here are the ways the country could deal with its unwanted oil — and what it means for the energy market
The EU is about to ban Russian oil and traders everywhere are "self-sanctioning". The list of buyer…
Zahra Tayeb
3 mins read
As COP28 concludes, have we taken enough steps to combat the climate crisis?
With the two-week-long COP28 summit finally under wraps, proceedings pretty much followed the same …
1 min read
Cyberthreats, corporate exodus are a part of the 10 disruptions caused by the Russia-Ukraine war
Cyberthreats, corporate exodus are a part of the 10 disruptions caused by the Russia-Ukraine war
Bhakti Makwana
2 mins read
IEA chief warns of summer fuel shortages and a triple energy crisis that will outstrip the oil shocks of the 1970s
"We have an oil crisis, a gas crisis and an electricity crisis simultaneously," the International E…
George Glover
4 mins read
How the Saudi crown prince used oil and political cunning to overturn his pariah status
The crown prince ruler has used oil, canny diplomacy and money plans to regain global power.
Tom Porter
2 mins read
The West is facing difficult choices in continuing sanctions against Russia - but the right move is to 'bite the bullet' and end exceptions for its energy sector, Mohamed El-Erian says
"The sanctions would have bitten much harder had the West not opted for a carve-out of Russia's ene…
Jennifer Sor
2 mins read
Oil has crashed 20% this quarter. Here's why – and what it means for your wallet.
Benchmark crude prices have tumbled sharply since the start of October, despite the Israel-Hamas wa…
George Glover
2 mins read
Oil has crashed 20% this quarter. Here's why – and what it means for your wallet.
Benchmark crude prices have tumbled sharply since the start of October, despite the Israel-Hamas wa…
George Glover
2 mins read
Oil drops over 3% as some concerns about supply recede in light of Russia-Ukraine peace talks
Oil fell by as much as 5% as Russia and Ukraine prepared for more peace talks, while a surge in Cov…
Adam Morgan McCarthy
1 min read
Europe's scramble for gas is depriving poorer nations from getting enough amid the energy crisis
"The European gas crisis is sucking the world dry of LNG," an energy analyst told the Wall Street J…
Phil Rosen
1 min read
Oil edges higher as report says Biden will depart Saudi Arabia with no announcement on deal to ramp up supply
Brent crude climbed above $101 Friday as Bloomberg reported Biden won't have an update on energy pr…
Phil Rosen
2 mins read
Russia plans to launch a national oil trading platform to foil Western energy measures, report says
The country is seeking to sell oil without restrictions a source familiar with the matter told Bloo…
Jennifer Sor
2 mins read
Inflation is 'unacceptably high' - and a price cap on Russian oil could be the most potent way to control it, says Treasury Secretary Janet Yellen
The plan to cap Russian oil prices was floated between the US and allies last month, with a proposa…
Jennifer Sor
2 mins read
Oil prices could surge above $150 if Russian supplies can't be replaced, says Truist analyst
"The only true spare capacity, unfortunately out there, prior to all the issues, was in Russia," Tr…