Jan 5
Venezuela’s Oil Output Rise May Pressure Global Prices Venezuela’s oil supply is set to rise, adding fresh barrels to the global market. The increase could ease supply pressures and push global oil prices lower.
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Venezuela’s Oil Output Rise May Pressure Global Prices Venezuela’s oil supply is set to rise, adding fresh barrels to the global market. The increase could ease supply pressures and push global oil prices lower.
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French Elections Impact on Markets, Euro and Pound React to Data
French Elections Impact on Markets, Euro and Pound React to Data US Dollar (USD): The US Dollar, has stayed quite stable after mixed reactions to the release of the newest US Nonfarm Payrolls report, through which 206K new jobs were created against the forecast of 190K, though previous month’s numbers have been revised significantly lower from 272K to 218K. Euro (EUR): Additional pressure may…
(via Saudi Arabia Extends Cut of 1 Million Barrels of Oil a Day, Potentially Boosting Gas Prices - NowThis)
Gas is already up 30 cents per gallon in the past month. The Saudis are going to keep reducing production to jack up prices. This screws the American consumer as it forces energy prices higher and higher. The Saudis will keep supplies tight to fuck with and sabotage the 2024 US election (the crown prince is a big Trump fan) Republicans will lie like they always do and blame Biden.
UK GDP Growth Sparks Little GBP Movement
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Iran Holds Firm as Trump Shifts to an “Economic Chess Game”.
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The Strait of Hormuz Crisis: How One Route Is Shaking Global Oil Markets | GeoMoney TV
Just watched this insightful breakdown of the Strait of Hormuz crisis and why this small but powerful route matters so much. The video explores how energy, politics, and global markets are connected, showing why events in one region can affect the entire world.