Biden’s Energy Policies Resulted in Rising Oil Prices
The Biden Administration has already made a profound impact on the industry of oil and gas and has contributed to the rising of oil prices, even after merely a month...
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Investing in America’s Oil Independence
The United States controlled oil prices and was the world’s largest producer of oil up until the mid-20th century. OPEC, or the Organization of the Petroleum Exporting Countries then ruled...
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Forecasting the Price of Oil
Crude oil is a naturally occurring petroleum product extracted from oil wells and is a mixture of gasses and liquids, organic materials, and hydrocarbon deposits. As an essential source of...
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Oil and Gas and the Global Economy
Undeniably, oil remains to be one of the most important commodities worldwide. When converted into petroleum, it is the main energy source used in planes, vehicles, heating, electricity, and asphalt....
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The Role of Oil Inventories on the Crude Market
Oil prices, as well as the balance of supply and demand in the crude oil market, is influenced by oil inventories. One of the fundamental concepts of economics is the...
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Crude Oil: Influenced by Supply and Demand
From asphalt to plastics to fuel, oil is the king of commodities that is used in many different ways. As an economic powerhouse, the oil and gas industry and the...
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The Impact of Oil Price on the Economy
Shale extraction of oil and gas has lessened the need for the United States to import, helping the economy immensely in the form of investment, jobs, and growth. Oil exploration...
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What Drives the Price of Oil?
Also referred to as “black gold,” crude oil is considered one of the most precious commodities on a global scale. Changes in its price have the power to affect the...
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Oil and Gas Investment: Watch out for These Economic Indicators
Similar to any commodity, the oil and gas market sectors are affected by global demand, inventory levels, production, aggregate economic figures, and interest rate policies. To predict the future of...
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