Oil Prices

Inflation Woes Intensify as Saudi Arabia Slashes Oil Output

Inflation Woes Intensify as Saudi Arabia Slashes Oil Output

America's inflation woes are likely to intensify further after Saudi Arabia revealed in a surprise announcement that it is slashing oil output. On Sunday, the Saudis announced that the country is rolling out voluntary cuts to the Kingdom's oil production. Russia and other OPEC+ oil producers are joining Saudi Arabia…
Read More
Oil Refinery Shut Down by Fire, Energy Emergency Declared

Oil Refinery Shut Down by Fire, Energy Emergency Declared

A major oil refinery in Indiana has been shut down after a fire broke out at the plant, triggering the federal government to declare an energy emergency across four states. Feds declared a regional emergency affecting Illinois, Indiana, Michigan, and Wisconsin, following the “unanticipated shutdown” of the BP Whiting oil…
Read More
JPMorgan Issues Bombshell Warning about Where Oil Prices Are Headed

JPMorgan Issues Bombshell Warning about Where Oil Prices Are Headed

American multinational investment bank JPMorgan Chase & Co. has issued a bombshell warning about where it predicts oil prices could be heading. JPMorgan analysts predict that the price of oil could soon reach “stratospheric” levels that would be catastrophic to the economy. The price of a barrel of oil currently…
Read More