(BOE Report) – Vulnerable countries that paid a high economic price during the Iran war are seeking to build domestic oil and gas storage buffers against future shocks, a drive that could bring roughly half a billion barrels of additional demand down the pike. While the near-total closure of the Strait of Hormuz cut off a fifth of global oil
(Oil & Gas 360) By Greg Barnett, MBA – Colorado is not failing—it is becoming more expensive by design, and the data shows those costs are now starting to slow growth. Colorado presents itself as a model for the future: a clean-energy leader, a high-quality-of-life destination, and a forward-looking economy. On the surface, that narrative still holds. But beneath it,
(World Oil) – The Permian basin continues to strengthen its position as a key driver of U.S. energy production and economic growth, supporting more than 940,000 jobs nationwide and contributing billions of dollars to local, state and national economies, according to new reports released by the Permian Strategic Partnership (PSP). The organization’s 2025 Annual Report and accompanying Power of the Permian economic
(Oil & Gas 360) By Greg Barnett, MBA – For decades, the conventional economic narrative held that rising gasoline prices act as a direct tax on consumers, reducing discretionary spending and slowing economic growth. That framework still exists in textbooks, but real-world behavior—especially in the post-2020 environment—suggests the relationship has fundamentally evolved. The modern U.S. consumer is not responding to
(Oil & Gas 360) By Greg Barnett, MBA – Iran’s economy is absorbing a fast‑widening financial shock as the combined impact of the Strait of Hormuz blockade and Red Sea disruptions sharply constrains oil exports, trade flows, and access to hard currency. Analysts tracking sanctions enforcement and maritime traffic estimate the immediate economic damage at roughly $435 million per day, with
(Investing) – Oil prices steadied Monday as traders digested potential progress in U.S.-China trade talks, starting to discount the chances of an economically costly trade war between the world’s two largest economies. At 08:25 ET (12:25 GMT), Brent oil futures for December fell 0.1% to $65.14 a barrel and West Texas Intermediate crude futures rose 0.1% to $61.54 a barrel. U.S., China agree to framework
(Oil Price)– Oil prices wiped out earlier gains to dip by more than 2% in early U.S. trade on Tuesday amid renewed concerns that the trade war between the United States and China could slow global economy. As of 9:21 a.m. EDT on Tuesday, the U.S. benchmark, WTI Crude, fell to the $58 per barrel threshold, down by 2.07% on the
(Oil Price)– Over the past decade, the Gulf Cooperation Council (GCC), comprising Saudi Arabia, Qatar, the UAE, Bahrain, Kuwait, and Oman, has advanced bold strategies to reshape its economies by reducing reliance on oil while developing new sectors like renewable energy, tourism, financial services, and digital innovation. Charting a course toward long-term economic resilience, these nations have launched sweeping infrastructure
(Investing) – NEW YORK -Oil prices eased on Friday on negative economic news from the United States and China and signs of growing supply despite optimism U.S. trade deals could boost global economic growth and oil demand in the future. Brent crude futures fell 32 cents, or 0.5%, to $68.86 a barrel by 11:02 a.m. EDT (1502 GMT), while U.S. West Texas
(MarketWatch) – The Federal Reserve is likely to resume lowering interest rates in September, but it won’t be an easy call for the central bankers, economists said Thursday in the wake of the June jobs report. There will be a lot of data over next two months that will impact the Fed’s decision, but if trends continue as they are now,
(Investing) – Oil prices retreated Thursday, handing back earlier gains after data showed the U.S. economy contracted in the first quarter, suggesting the Trump administration’s volatile trade policies were weighing on economic activity. At 09:15 ET (13:15 GMT), Brent oil futures for July fell 0.7% to $63.89 a barrel, and West Texas Intermediate crude futures dropped 0.6% to $61.47 a barrel. Oil was sitting on
(Investing) – HOUSTON – Oil held steady on Thursday after strong earnings from Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) supported U.S. equities and postponement of U.S.-Iran talks offset concerns about the U.S. economy and the prospect of higher OPEC+ oil output. U.S. West Texas Intermediate crude futures eased 15 cents or 0.3% to $58.04 a barrel by 12:30 p.m. ET (1630 GMT). Brent
