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Tag: OPEC

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New US Senate Legislation Could Cause Oil to Surge to $300
Should the U.S. pass a controversial bill, the NOPEC bill, currently making its way through the required steps to become law it could cause oil prices to soar to an unprecedented level, $300 per barrel. ...
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China Uncommitted to Washington’s Oil Reserve Release Plan Despite Rising Prices
The United States, which has been battling the fastest increase in inflation in three decades has witnessed the prices of many commodities increase. With crude oil prices having reached seven-year highs, consumers are feeling the...
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US Heating Costs Expected to Soar Alongside Rising Gas Prices
Biden-appointed Energy Secretary Jennifer Granholm confirmed on Oct. 7 that Americans should expect higher heating costs for the winter of 2021. In a time when the pandemic has hit the world’s economies hard, the rise...