Peter Schiff forecasts a rise in oil prices and an economic decline
Peter Schiff, who serves as the chief economist and global strategist for Euro Pacific Asset Management, has shared his thoughts on the current oil price trends and potential economic challenges. In an interview with Fox News Digital, he expressed his belief that oil prices are slated to rise further, regardless of the outcome of the […]
Zelensky comments on attacks on Russian oil refineries: Ukrainian ‘lives matter more than energy costs’
Zelensky Defends Strikes on Russian Oil Infrastructure Ukrainian President Volodymyr Zelensky has stood firm on his country’s actions targeting Russian oil facilities, even amid calls from various nations to proceed with caution due to rising energy prices. “Our lives are more important than the price of energy,” Zelensky stated during an interview with The Wall […]
Maine’s two senators urge Trump to release home heating oil supplies.
Maine Senators Request Heating Oil Release Maine’s two U.S. senators, Susan Collins, a Republican, and Angus King, an Independent, are calling on President Trump to release reserves of home heating oil. They believe this could help ease the financial strain caused by high prices. In a letter to the president, they stated, “We write to […]
The United States’ emergency oil reserves are diminishing as winter approaches.
The Strategic Petroleum Reserve in the United States has dwindled to 284.6 million barrels, with the previous administration expecting oil companies to repay their borrowings. According to preliminary data from the Energy Information Administration, the reserve lost around 405,000 barrels during the week ending September 18, and it currently stands at approximately 121 million barrels—or […]
Diesel Reaches All-Time High Despite Decline in Oil Prices
Diesel prices surged to an unprecedented $6.53 per gallon on Tuesday, despite a drop in benchmark crude oil prices, which recently fell to a two-week low. By Wednesday, the national diesel average was just shy of that peak, sitting at $6.52 after a slight overnight decline. By comparison, just a year ago, the cost was […]
Saudi Arabia is said to have restarted the pipeline that transported oil around Hormuz after drone attacks caused it to stop working.
Saudi Arabia Resumes Pipeline Operations Saudi Arabia has allegedly resumed operations on its pipeline that bypasses the Strait of Hormuz, which had been shut down due to drone attacks earlier in September. According to three unnamed sources who informed Reuters, the kingdom may begin crude exports from its Red Sea port of Yanbu later on […]
S&P 500 increases by 1% as AI stocks climb, while oil prices and yields drop: Live updates
U.S. Stock Market Sees Gains Amid Tech Surge and Falling Oil Prices It was a positive day for U.S. stocks on Monday, showing growth as major tech companies saw advancements while oil prices and Treasury yields decreased. This comes as Wall Street tries to bounce back from a largely down week. The S&P 500 rose […]
Trump claims Russia has ‘lost control of its Diesel Oil Industry’ following Ukraine drone strikes and urges for a resolution to the conflict.
Trump Advocates for End to Russia’s War on Ukraine Amid Diesel Price Surge In Washington, President Trump has officially called for an end to Russia’s conflict with Ukraine following a series of Ukrainian strikes targeting Moscow’s energy assets, which have resulted in a noticeable increase in diesel fuel prices. On his Truth Social account, Trump […]
Ukraine Sends 1,000 Drones to Russia, Strikes Oil Refinery and Apartment Building
Overnight, Ukraine launched over 1,000 drones into Russian territory, marking one of the most intense assaults on Moscow since the conflict began. Many of these drones targeted Moscow on the last day of Russia’s parliamentary elections, as reported by CBS News. The Mayor of Moscow, Sergei Sobyanin, referred to this as the “largest ever” attack […]
Most stocks increase as the Fed raises rates and oil prices fall
Market Reactions Following Federal Reserve Rate Hike On Thursday, most stock markets experienced an upswing after the Federal Reserve raised interest rates for the first time in three years. Fed Chair Kevin Warsh’s remarks hinted that additional hikes may be on the way as officials strive to combat rising inflation. Investor optimism was further buoyed […]