As the U.S. experiences two straight quarters of negative GDP growth, which meets the common definition of recession, Railroad Commission of Texas Chairman Wayne Christian said high taxes, unnecessary regulations, and irresponsible deficit spending is what caused the mess we are in. SourceContinue Reading

U.S. Drillers Continue To Add Rigs As Crude Prices Rally | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Jul 29, 2022, 12:16 PM CDT The number of total active drilling rigs...Continue Reading

Energy Aspects: Crude Oil Demand Not Declining In Recession Pattern | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jul 29, 2022, 12:00 PM CDT Global oil demand is not declining...Continue Reading

The Unstoppable Rise Of European Power Prices | OilPrice.com Premium Content By Editorial Dept – Jul 29, 2022, 11:00 AM CDT 1. Recession Could Soon Become Reality – Despite recent attempts to redefine the concept of economic recession, economic data firmly points to the inevitability of one amidst soaring inflation, weakening manufacturing, and generally worsening...Continue Reading

Breaking Down Big Oil’s Incredible Earnings | OilPrice.com Premium Content By Editorial Dept – Jul 29, 2022, 11:00 AM CDT Politics, Geopolitics & Conflict Thousands of protesters loyal to Shi’ite cleric Moqtada al-Sadr stormed the Iraqi parliament on Wednesday, leading to an ongoing political standoff for OPEC’s second-largest oil producer. The protesters, completely controlled by...Continue Reading

By Editorial Dept – Jul 29, 2022, 11:00 AM CDT With the Fed’s decision to raise rates behind us, there are still multiple uncertainties threatening to keep oil prices unstable. In the current tight market, the Fed’s move to hike rates by 75 basis points sent WTI lower, but by less than 1%. Gasoline prices...Continue Reading

Why Oil Prices Could Spike Next Week | OilPrice.com Premium Content By Editorial Dept – Jul 29, 2022, 11:00 AM CDT U.S. West Texas Intermediate crude oil futures are trading higher on Friday on reports that OPEC and its allies will ignore President Biden’s request to boost supply at next week’s production meeting. A weaker...Continue Reading

Oil Prices Soar As Market Shrugs Off Recession Fears | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Jul 29, 2022, 11:00 AM CDT The price of crude oil skyrocketed on Friday...Continue Reading

Impressive Earnings Send Oil Stocks Higher | OilPrice.com Josh Owens Josh Owens is the Content Director at Oilprice.com. An International Relations and Politics graduate from the University of Edinburgh, Josh specialized in Middle East and… More Info Premium Content By Josh Owens – Jul 29, 2022, 11:00 AM CDT Oil majors have reported massive profits...Continue Reading

Trading An Illogical Oil Market | OilPrice.com Premium Content By Editorial Dept – Jul 29, 2022, 11:00 AM CDT Interpreting economic data, “the figures” as those of us in the interbank forex market used to call them, used to be simple. If a number relevant to the dollar beat expectations, say better than expected GDP...Continue Reading