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Last year’s price spike was largely the result of a shortage of refining capacity.
The economies of China, the U.S. and Europe will all be affected by the cartel’s move to boost energy prices.
Dated Brent, used to set the price of most of the world’s oil, will include supplies from Texas for the first time.
Trouble in the banking sector is scrambling expectations of how much oil the global economy needs right now.
Oil giants are going to invest in more oil while also preparing for a greener future, says The Economist’s Vijay Vaitheeswaran.
Chevron has been upfront about producing the site, but there are concerns it may be the only source of news for some in the area.
There’s been a hiring uptick, but “we’re only about halfway” to pre-COVID employment numbers, the author of the IEEFA report says.
There are a lot of variables that make predicting energy demand in 2023 difficult, including rising interest rates, inflation and potential COVID flare-ups.
We won’t stop using fossil fuels right away, but the transition to renewable energy could be tricky.
In an attempt to moderate gas and oil prices, Biden has asked OPEC to increase production, despite it being a function of market forces.
