Oil Prices Archives

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…

Oil Executives Say Biden Is ‘Holding Us Back,’ Dallas Federal Reserve Survey Shows

American oil company executives argue that President Joe Biden's policies are restricting the energy industry, a new survey has revealed. The third quarter Federal Reserve Bank of Dallas Energy Survey suggests that U.S. oil and gas sector activity advanced at a strong pace, although the rate of expansion decelerated in…

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…

U.S Executives Blast Biden for Traveling to Middle East for Oil: ‘Texas Is a Lot Closer Than Saudi Arabia’

American petroleum industry executives are firing back at Democrat President Joe Biden for traveling "halfway around the world" to visit the Middle East in search of oil. Despite promising the Left that he would treat Saudi Arabia like a "pariah," Biden is on a trip to the Middle East to…

Air Transport Association Chief Warns Flights to Get More Expensive: ‘Without a Doubt’

The cost is air travel is going to continue increasing with flight prices expected to soar, the International Air Transport Association (IATA) chief has warned. IATA director-general Willie Walsh warns that flight prices will keep rising due to skyrocketing fuel prices. Walsh, who previously served as CEO of Aer Lingus…

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…