marketcrash
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oil shortage
03/20/2022
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By Arsenio Toledo
Oil prices continue to surge amid fears of approaching supply crisis
The price of oil worldwide surged once again on Thursday, March 17, after the International Energy Agency (IEA) warned that the world could experience a massive shortage in the global oil supply by next month. According to the IEA, Russian oil production could shrink by nearly three million barrels per day (bpd) while Russian oil exports could fall […]
10/27/2021
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By Arsenio Toledo
Oil prices rise to multi-year high; analysts expect price surge to continue until end of year
Oil prices rose on Monday, Oct. 25, to a multi-year high before slightly stabilizing as the supply chain crisis continues and the demand for fuel surges in the United States. The price of Brent crude futures in the U.S. settled at $85.99 a barrel, representing a 0.54 percent increase following a 1.1 percent surge on […]
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