The biggest export out of Southern California these days is air. And it is suffocating the supply chain. Hundreds of thousands of empty containers are filling marine terminals and truck Continue Reading
U.S. consumer confidence decreased to a nine-month low in November as accelerating inflation and a pickup in Covid-19 cases weighed on Americans’ views on the economy. The Conference Board’s index Continue Reading
Russia would pay a high price for any new military aggression against Ukraine, NATO and the United States warned on Tuesday as the Western military alliance met to discuss Moscow’s Continue Reading
The U.S. will proceed with its plan to release 50 million barrels of oil from its strategic reserves despite a new coronavirus variant triggering a sharp drop in crude prices. Continue Reading
One of the world’s biggest ocean carriers is dangling incentives of as much as $200 a container for help in clearing the backlog at Southern California’s ports. CMA CGM Group Continue Reading
Oil Rebounds from Black Friday Rout as OPEC+ Takes More Time American drivers are set for a slight relief from stubbornly high gasoline prices at the pump as concerns over Continue Reading
The U.S. strategic petroleum reserve could drop by 304 million barrels over the next 10 years according to the EIA The reason for this fall is a combination of recent Continue Reading
U.S. President Joe Biden is taking a lot of flack for the rise in gasoline prices. In the short term, there is not much the President can do to put Continue Reading
The United States is ready to release even more barrels of crude oil from its emergency stockpiles, a senior advisor from the State Department told CNBC today. The Biden Administration Continue Reading
Oil prices may have crashed below $70 on Friday due to renewed Covid fears, but if those fears prove to be unfounded then oil prices could soar President Biden’s efforts Continue Reading
