LONDON—Oil prices were stable on Monday, struggling to reverse last week’s losses as the market balanced tightening supplies with concerns about slowing global economic growth. Brent crude futures were down 38 cents, or 0.3 percent, at $112.74 a barrel by 1022 GMT. Front-month prices tumbled 7.3 percent last week, their first weekly fall in five….
Oil Prices Stable as Market Balances Recession Fears With Tight Supply
Live Q&A 6/20 at 10:30AM ET: Oil Crisis Reaches Tipping Point as Biden Admin Refuses to Restart Production; Recession Goes Global
As the oil crisis reaches a tipping point, the Biden administration is refusing to renew domestic oil production. White House press secretary Karine Jean-Pierre is claiming the responsibility falls on oil companies, and oil companies have pointed to Biden’s policies and campaign promise to destroy the oil industry. Meanwhile, after the Federal Reserve raised interest…
Team Biden’s Gas Inflation Disaster
Commentary The Democrats are in trouble—big, big trouble. Gas prices are up—way, way up. See the parallel? It’s been said that “it’s the economy, stupid.” Now the most obvious economic problem that Americans have is filling their tanks. So we can change the saying. It’s the gas, stupid. And gas prices won’t come down for…
Internet Users Remark on Odd Hailstones in Beijing
Oil prices in the United States are skyrocketing. Half a million barrels of American oil flow into China daily, but some on Capitol Hill are looking to change that. Over 90 percent of the American companies operating in Shanghai are expecting less revenue than before. A recent poll highlights the impact of pandemic control. Teachers…
White House Says US Doesn’t Need to Drill More Oil; Rep. Roy Blasts GOP Support for Female Draft | NTD News Today
Amid the energy crisis, the White House says the U.S. doesn’t need to drill more oil domestically, it says refiners need to boost productivity. A message one Representative has for colleagues in the House: “Don’t draft our daughters.” The message comes in opposition to efforts that seek to include women in the case of a…
Chevron, More Oil Companies Push Back on Biden’s Warning Letter
June 17, 2022
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Chevron this week released a statement addressing President Joe Biden’s letter to oil companies that suggested he may take executive action amid record-high gas prices. “We understand the significant concerns around higher fuel prices currently faced by consumers around the country, and the world. We share these concerns, and expect the Administration’s approach to energy…
US Refiners Boost Heavy Crude Imports as Biden Threatens Executive Action
The United States has increased heavy crude imports amid Western sanctions on Russia and President Joe Biden’s letter calling on U.S. energy producers to make more gasoline and diesel. Customs data shows that U.S. refiners last month imported the highest number of crude barrels in nearly two years, with refiners importing 33.5 million barrels of heavy crude…
Oil Rises on Tight Supply Though Interest Rate Hikes Weigh
LONDON—Oil rose on Friday, supported by supply tightness and new sanctions on Iran, but prices were on track for a weekly decline amid interest rate hikes from major central banks that fuelled worries about a sharp economic slowdown. Brent crude was up $1.13, or 0.9 percent, to $120.94 a barrel at 1016 GMT, and U.S….
Impact of Rate Hike on American Consumers; Bill Introduced to Ban Oil Exports to China | NTD News Today
The Federal Reserve attacking inflation with the biggest rate hike in decades. What does it mean for you, the consumer? Republican Senators introduce a bill that would ban oil exports to China. Proponents of the bill say American consumers should have priority before a genocidal regime. The debate over preventing mass shootings rages on as…
Oil Prices Fall After US Rate Hike, but Tight Supply Still in Focus
June 16, 2022
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Business & Marketscommoditieseconomic policieseconomyEuropeglobalMarketsOilRussia-Ukraine WarstocksWorld
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LONDON—Oil prices erased early gains to head lower on Thursday, a day after a fall triggered by a U.S. interest rate hike, though tight supply limited losses. Brent crude futures were down 45 cents, or 0.4 percent, to $118.06 a barrel by 0906 GMT while U.S. West Texas Intermediate (WTI) crude futures fell 44 cents…
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