by Andrew Moran | Oct 6, 2022 | Articles, Editor's Choice, Good Reads, Opinion, Politics
As the Organization of the Petroleum Exporting Countries (OPEC) decided to issue a major cut to oil production, the Biden administration is once again left floundering for a cohesive response that sidesteps the embarrassment of going cap in hand to Saudi Arabia...
by Mark Angelides | Oct 5, 2022 | Articles, Economic Affairs News
The Joint Ministerial Monitoring Committee (JMMC) voted on Wednesday to recommend OPEC + cut oil production by approximately two million barrels per day. Shortly after, OPEC followed this advice at the meeting in Vienna today, Wednesday, October 5; this means a global...
by Andrew Moran | Oct 4, 2022 | Articles, Business News, Opinion
Crude oil prices have been obliterated since peaking at $130 per barrel, erasing their post-Ukraine invasion gains and then some. Due to global recession fears and subsequent waning international demand, the energy futures market has cratered. The Organization of the...
by Andrew Moran | May 15, 2022 | Articles, Economic Affairs News, Good Reads, Opinion
US consumer sentiment is the lowest it has been in 11 years, driven by the cost-of-living crisis and sour views on the current economy. But will Americans’ eroding confidence in the United States lead to fallout in critical data, such as consumer spending,...
by Andrew Moran | Nov 23, 2021 | Articles, Economic Affairs News, Good Reads, Opinion
President Joe Biden confirmed on Nov. 23 that his government will tap the Strategic Petroleum Reserve (SPR) as part of a multilateral effort to stop the rapid rise in fuel prices. In total, the U.S. will release 50 million barrels over the next several months, but the...