An investigation by The Economist uncovers a multi-billion-dollar, America-defying network…
India Is Making Huge Profits Refining Cheap Russian Oil to Sell to America, Europe…
India has found a way to profit greatly from Russia’s sanctions situation, purchasing cheap Russian crude and using its tremendous refining capacity to sell America and Europe gasoline and diesel, Bloomberg News revealed on Sunday…
Please, Someone: Hit the Brakes On Biden’s Gas and Energy Nonsense…
Team Biden’s energy nonsense never stops. The latest: a bizarre claim that Americans are saving money — $120 a month, or $420 million in total since summer — at the pump…
Oil Prices Crumble As Core U.S. Inflation Hits 40-Yr High…
Oil prices fell on Thursday morning following new CPI data that showed core inflation in the United States had risen to the highest level in four decades…
Biden Dangerously Draining Strategic Petroleum Reserve Like ‘Campaign Credit Card,’ Industry Warns…
With crude inventory in the SPR down to its lowest level since Ronald Reagan’s first term, President of the U.S. Oil and Gas Association Tim Stewart said the reserve is being used by Biden to “buy down political risk” ahead of the midterm elections…
Biden Blames Putin and the Rising Prices Making Americans’ Lives Miserable, But the TRUTH Is That Runaway Inflation Is His Own Fault – And a New Chart Decisively Proves It, Writes Former Restaurant Empire CEO Andy Puzder…
If one listened to President Joe Biden’s speech on Thursday, they may come away with the idea that there are two villains behind the severe economic pain that Americans are experiencing. According to Biden, it is the fault of Vladimir Putin and American oil companies that gas prices are at record highs.
‘I know how much it hurts…’ the president said. ‘[Some U.S. oil companies] don’t want to increase supply because Putin’s price hike means higher profits.’
His point is: Blame them. Not me…
Gas Prices Hit 7-Year High Amid Inflation Woes, Supply Chain Fears…
A recent OPEC decision ‘exacerbated the upward momentum for crude oil prices,’ a AAA spokesperson said…
Oil Jumps 11% on Signs of Demand Recovery…
U.S. benchmark oil prices surged by 11 percent early on Monday to a two-month high of over $32 a barrel amid signs of demand recovery and accelerated production cuts from all oil producers, making a repeat of last month’s negative WTI Crude prices a day before expiry increasingly unlikely. At 10:00 a.m. EDT on Monday, […]
“We Are Moving Into The End-Game”: 27 Tankers Anchored Off California, Hundreds Off Singapore as Oil Industry Shuts Down…
Back in the late fall of 2014, when Saudi Arabia broke up OPEC for the first time and unleashed a torrent of crude oil on the world despite the protests of its fellow cartel members, oil prices crashed as a result of what then seemed to be a “calculated” move by Riyadh which hoped to […]
Saudis Launched Oil Price War After ‘MBS Shouting Match with Putin’…
A telephone call last month between Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman degenerated into a shouting match just before Riyadh decided to flood the market with oil in a move which sent prices spiralling. Saudi officials with knowledge of the disastrous call told Middle East Eye that the row threatened […]
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