Oil
Ukrainian drones penetrated three layers of air defenses deployed to protect Moscow and attacked a major Russian oil facility, Kyiv said on Thursday, marking its latest deep-strike operation.The massive Ukrainian attack targeted the Moscow Oil Refinery, one of Russia’s largest, for the second time in just a few days, and…
Sanctions-hit Russia is raking in more money from high oil prices, but that doesn’t mean its economy is about to take off, according to Goldman Sachs.International benchmark Brent crude futures were trading around $92 a barrel late Tuesday — about 30% higher since the Iran war started. That’s a boon…
New satellite imagery captures an oil terminal burning and fire crews tending to a damaged warship near St. Petersburg after Ukrainian forces struck the city during the opening day of Russia’s Davos.The Ukrainian military said Wednesday that it carried out strikes on the St. Petersburg oil terminal, the nearby Kronstadt…
US households have spent much of this year waiting for the other shoe to drop.After the US and Israel’s war with Iran sent the oil market reeling, starting in late February, it seemed that grocery bills would not be too far behind. Transportation costs have risen for many businesses, and…
After eight years, Jerome Powell is clocking out. Loading audio narration… The Federal Reserve opted to hold rates steady at its third meeting of 2026, which was Powell’s last as head of the central bank. From oil shocks to Fed leadership, here are Business Insider’s biggest takeaways from the decision.Highest…
