The Demand for Oil & Gas Will Continue to Rise
Compared to the energy shocks during the year 1970, the world is less dependent on oil today. However, the Russia-Ukraine war is stark evidence that the world economy is largely...
Read MoreCompared to the energy shocks during the year 1970, the world is less dependent on oil today. However, the Russia-Ukraine war is stark evidence that the world economy is largely...
Read MoreThe US Energy Information Administration (EIA) forecasted that the price of oil will remain higher than $100 per barrel in the coming months. These announcements could impact energy markets, particularly the increase in oil...
Read MoreOn Thursday, February 24, Brent crude jumped to more than $100 per barrel for the first time in more than seven years. Additionally, the U.S. West Texas Intermediate crude soared to as...
Read MoreThe energy industry is composed of oil and gas, nuclear, utilities, coal, as well as alternate energy firms. However, for many, it’s the oil and gas exploration, drilling, and refining...
Read MoreAn extraordinary mixture of factors has been brewing within the world energy markets, and the shortage in global energy supplies is spilling into the oil market. This Reuters article highlights some current conditions which is...
Read MoreThe 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...
Read MoreFracking, the common term for hydraulic fracturing, has boosted U.S. domestic oil and gas production significantly, reducing the need for America to rely on import oil. This decrease coincides with...
Read MoreCrude 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...
Read MoreUndeniably, 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....
Read MoreOil 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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