Oil prices on track for January loss

Oil futures fell Tuesday, under pressure ahead of this week’s Federal Reserve decision on interest rates and amid signs that Russian crude exports remain resilient. Crude was on track for monthly losses, while natural gas was headed for its biggest monthly decline since January 2001, according to Dow Jones Market Data. Price action West Texas … Read more

China’s Top Nuclear-Weapons Lab Used American Computer Chips Decades After Ban

WSJ News Exclusive China State-owned institute continued buying Intel- and Nvidia-made chips despite inclusion on a US export blacklist in 1997

Upstart Indian Shipper Helps Get Russian Oil to Market

World Gatik Ship Management, which took control of 25 tankers after the invasion of Ukraine, now shuttles Russian crude along new trade routes

Russia Seeks Gains in Ukraine Before Western Tanks Turn Up

Updated Jan. 27, 2023 8:10 am ET List two articles (2 minutes) Russian forces pressed an offensive in eastern Ukraine on Friday, seeking to seize an advantage in the months before tanks pledged by Kyiv’s Western allies begin to arrive on the battlefield. Ukrainian forces said on Friday they had repelled Russian attacks on Vuhledar … Read more

Crypto Platform Bitzlato Charged With Laundering More Than $700 Million of Illicit Money

US authorities designated cryptocurrency exchange Bitzlato Ltd. as a primary money-laundering concern and charged its founder for allegedly facilitating money laundering for criminals. The Treasury Department designated Bitzlato under a section of the USA Patriot Act, a law used to combat money laundering and terrorist financing, for allegedly laundering illicit funds for ransomware actors based … Read more

Oil Markets Will Enter 2023 in a State of Creative Destruction

Illustration by Jon Krause Text size About the author: Karim Fawaz is an oil market analyst and research and analysis director at S&P Global Commodity Insights. The history of oil markets is littered with watershed moments. Some are succinct points in time, like the 1973 and 1979 oil shocks; others are protracted phenomena like the … Read more

Russia Threatens to Cut Oil Output in Response to Western Sanctions

MOSCOW—Moscow threatened to cut oil output in response to Western price caps, setting the stage for an escalation of the energy war that has run parallel to the conflict in Ukraine. Speaking on state television on Friday, Russian Deputy Prime Minister Alexander Novak detailed for the first time Moscow’s possible response to the Western price … Read more

Xi Jinping Doubles Down on His Putin Bet. ‘I Have a Similar Personality to Yours.’

List two articles (1 minute) China’s leader Xi Jinping has in recent months tried to put public distance between Beijing and Moscow as Russia has suffered defeats in its war on Ukraine. Behind the diplomatic appearances, however, Mr. Xi is deepening his long-term bet on Russia.

Stocks Drop After Strong Data on Factory, Services Sectors

Markets US Markets Oil prices wobble as sanctions hit Russian energy; bond yields climb