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Are the Days of Ishmael Here? Global Finance Leadership Takes a Turn East, to the Arab Middle East

If Saudi Arabia did not appear in your news feed for the past two days, then you have missed what has been perhaps one of the most important news stories of not only the past couple of days, but perhaps of the past year, if not the past decade or century, while most of the U.S. population is being distracted by entertainment news as the clown circus show in Florida took their act to Manhattan today. First, out of nowhere, Saudi Arabia shocked the western financial world yesterday (Sunday, April 2, 2023), by announcing that OPEC was going to reduce oil production by over 1 million barrels per day. The U.S. financial news publishers were very busy today trying to process what just happened. There are concerns that this move will now cause more inflation in the U.S., and hasten the collapse of the banking system. And as if the announcement of the OPEC production reduction wasn't already enough major breaking financial news on the first Monday in April, there is this explosive report ....

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Traders Predict 25-Point Rate Hike After OPEC+ Surprise Oil Output Cut

A 25-basis point interest rate hike by the Federal Reserve in May is now more likely to materialize as a result of the surprise OPEC+ oil production cut ....

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Renewables Projected To Overtake Coal Worldwide By 2027

Renewables surpassed coal for electricity generation in the United States this year, and they’re expected to beat out coal in global electricity generation by 2027. ....

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Get Ready For Higher Prices At The Pump

U.S. gasoline prices were up slightly week-on-week, with analysts now warning that the OPEC+ surprise production cut could hit at inflation ....

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U.S. Drilling Activity Slips Following Price Slump

The total number of total active drilling rigs in the United States fell by 3 this week while WTI crude staged a modest recovery ....

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