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Oil Prices Jump as Saudi-Led Group Plans Output Cuts
A potential U.S. recession and demand from China will help determine whether crude pushes even higher. Source link
Japan Breaks With U.S. Allies, Buys Russian Oil Above Cap
Citing energy needs, Tokyo won legal exception to rules binding Group of Seven nations. Source link
Oil Sputters as Bank Fears Are Weighed Against China Hopes
The risks of a U.S. recession are clouding Wall Street’s outlook for crude prices. Source link
New Shell CEO Faces Big Dilemma: Should the Company Pump More Oil?
HOUSTON—Wael Sawan knows he is about to make some people very unhappy. The new chief executive of Shell PLC is in the midst of crafting
Russia’s Economy Is Starting to Come Undone
MOSCOW—The opening months of Russia’s invasion of Ukraine last year drove an increase in oil and natural-gas prices that brought a windfall for Moscow. Those
ConocoPhillips CEO Doubles Down on Alaska Oil as Competitors Leave Arctic
Business Ryan Lance says Alaska, where he began his career, will provide much-needed crude for decades to come Source link
How Options-Hedging Turbocharged Oil Volatility
A type of trading amplified a price drop to 15-month lows and now could help fuel a rebound. Source link