Russian Oil

Gas prices in the U.S. rose to historic highs the same day Russia and Saudi Arabia agreed to extend their voluntary oil production cuts.

Gas prices at historic highs as Russia, Saudi Arabia extend oil cuts

A new Reuters report found Russia has been relying on an increasing number of little-known trading firms to help ship oil in recent months.

Russia relying on small trading firms to ship oil in face of sanctions

Russia will be cutting its oil production by 500,000 barrels. It is retaliation against countries backing Ukraine in the war.

Russia to slash oil production in March by 500,000 barrels per day

Just days after a major winter storm killed dozens in the United States, Europe headed into 2023 with record heat for this time of year.

‘It feels like summer’: Record winter heat felt throughout Europe

Elon Musk's Twitter saga was wild but what about these other top stories of 2022? We're recounting the biggest stories of the year in Five For Friday.

Musk’s Twitter takeover tops 5 biggest business stories of 2022

Russia will ban oil sales to countries following the price cap that took effect earlier this month. The ban is set to take effect next year.

Russia to ban oil sales to countries following G7, EU price cap

Tens of thousands of residents in one North Carolina county are without power, after a series of targeted attacks on power facilities.

FBI investigates suspicious power outage; Russia rejects oil price cap