Tag: biden

Biden signs massive $1.7 trillion government package

Biden signs massive $1.7 trillion government package

The new government spending bill will use more money for military and law enforcement, education, health, veterans support, etc.
Traders see demand destruction for crude oil

Traders see demand destruction for crude oil

OPEC released the reason for the production cut and projected the rising demand for crude oil for the next decade.
Crude oil falls down despite tight production policy

Crude oil falls down despite tight production policy

OPEC’s policy on crude oil production had the opposite effect. Oil hits $82 price tag, and poor economic data in China signal lower demand. What does it mean?
Crude oil’s extreme appreciation – what are the reasons?

Crude oil’s extreme appreciation – what are the reasons?

OPEC's production cut from last week opened the door to the $90 territory for crude oil. The volume shows a rising appetite for further appreciation.
OPEC+ unexpectedly cut oil’s output

OPEC+ unexpectedly cut oil’s output

OPEC+ reversed course and lowered supply by 100 000 barrels a day for the next month. Crude attacked $90 level.
China doesn’t like Biden’s $1.2bn arms sale to Taiwan

China doesn’t like Biden’s $1.2bn arms sale to Taiwan

While the conflict between Russia and Ukraine seems to be slowly fading away, a new dispute may arise between China and Taiwan.
Crude oil is down 30.56% from June’s top

Crude oil is down 30.56% from June’s top

Crude has declined more than 30% in two months. Iran's nuclear deal seems to be very close to an agreement.
Big pressure on oil prices with OPEC on Wednesday

Big pressure on oil prices with OPEC on Wednesday

Significant pressure on production numbers can spark a turbulent week for crude oil. All eyes are on the OPEC+ meeting on Wednesday.
US invests $3.5 billion to remove CO2 from the air

US invests $3.5 billion to remove CO2 from the air

The U.S. Department of Energy has launched a program to fund four large-scale projects across the country.
Joe Biden wants $500 million to boost US crop production

Joe Biden wants $500 million to boost US crop production

President Joe Biden proposes to spend $500 million to encourage American farmers to increase the production of crops.