marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
oil supply
10/27/2023
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By Belle Carter
Iraqi PM warns: Fighting between Israel and Hamas could disrupt Middle East oil supplies worldwide
Iraqi Prime Minister Mohammed Shia al-Sudani has warned that fighting between Israel and Hamas, which is on the brink of dragging other countries in the region, could disrupt Middle East oil supplies to international markets. The crisis would “impact global security, escalate regional conflict, jeopardize energy supplies, exacerbate economic crises and invite further conflicts,” al-Sudani said at […]
09/11/2023
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By News Editors
Peter Schiff: Fed money magicians running out of rabbits
Most people think everything is fine. The Fed is getting inflation under control and soon they’ll be able to cut interest rates, keeping the economy from falling into a deep recession. In his podcast, Peter Schiff poured cold water on this narrative. He explains why the Fed won’t be able to repeat the magic it […]
08/17/2023
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By Laura Harris
India not turning away from Russian Urals crude even as discount to global benchmarks narrows
Indian buyers see no reason to turn away from Russian Urals crude even as the discount to global benchmarks narrows. They argue that similar-quality barrels from the Middle East remain more expensive. In 2022, Russia became the leading supplier of crude due to affordable prices and good control of energy inflation. Earlier this year, the discount […]
05/24/2023
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By Laura Harris
IEA report: Nearly 80% of Russian crude oil has been rerouted from EU to China and India
The vast majority of Russian oil exports had been rerouted to China and India as Moscow continues to reduce its dependence on the European Union (EU) oil trade. In April, Russian oil exports reached their highest level in 14 months, with almost 80 percent heading to Asian markets due to Western sanctions, according to a recent report by the International […]
02/07/2023
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By Arsenio Toledo
Oil prices to rise above $100 a barrel this year due to lack of investment in energy production capacity
The price of oil will rise back above $100 a barrel this year, and will continue rising in 2024 due to serious supply problems as spare production capacity runs out. This dire warning comes from senior Goldman Sachs analyst Jeff Currie, who spoke at an event in Riyadh, Saudi Arabia. “The commodity super cycle is […]
10/28/2022
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By Arsenio Toledo
Energy executives tell Sec. Granholm: Shuttered oil refineries are NOT restarting soon
Some of the United States’ leading energy executives have spoken with Secretary of Energy Jennifer Granholm, warning her and the administration that many shuttered oil refineries won’t be restarting soon. Reuters reported that the energy executives met with Granholm in the White House on Tuesday, Oct. 25. One of the attendees is Joe Gorder, president […]
10/28/2022
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By Arsenio Toledo
Weakening dollar leading to more oil exports and price hikes
Oil prices in the United States are continuing to rise as the dollar weakens and the White House exports more and more crude oil and fuel. From Tuesday, Oct. 25, to Thursday, Oct. 27, oil prices in America rose following reports that the White House has been exporting record levels of crude oil and fuel. […]
09/22/2022
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By Kevin Hughes
Gas prices to rise after midterms as Biden ends raid on national oil reserve
Gas prices are set to rise after the November 2022 midterm elections, coinciding with the end of President Joe Biden’s raid on the Strategic Petroleum Reserve (SPR). During a Sept. 12 speech, Biden touted how his administration is making progress on handling inflation even as Americans continue to cope with rising food and gas prices. “The price […]
09/12/2022
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By Kevin Hughes
OPEC+ cuts oil production by 100K barrels per day amid dropping oil prices, stoking fears of global recession
The Organization of the Petroleum Exporting Countries (OPEC) and its associated producers announced Sept. 5 that they will decrease oil production by 100,000 barrels per day (bpd). The decision to slash production came amid worries of plunging oil prices and a global recession. In a media release, OPEC and its partners under the OPEC+ banner […]
06/09/2022
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By Arsenio Toledo
Interest rate hikes and Biden refusing to increase oil production will make America’s economic woes EVEN WORSE
A billionaire oil refiner has warned that America’s economic crisis could get worse, especially if the Federal Reserve keeps increasing interest rates and President Joe Biden doesn’t increase oil production. John Catsimatidis, CEO of supermarket chain Gristedes and chairman of the Pennsylvania-based oil company, the United Refining Company, warned that the Federal Reserve’s choice to […]
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