crude oil

  • Iranian Oil Production Projected to Plummet as Middle East Tensions Rise The days of under three dollar gas may soon be gone. In a previous Oil Check, we mentioned the likelihood that the United States would end waivers allowing countries to import Iranian oil, raising crude oil prices and allowing OPEC to increase their own…

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  • Will OPEC stabilize the price of oil and lead to more consistent oil futures? Our last oil update came after OPEC and OPEC+ agreed to cut oil production. This combined effort followed the price dive caused by Iran’s continued—and unexpected—production of oil. Increasing demand by decreasing supply is simple economics. However, oil is never simple…

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  • What is Crude Oil and Who Are the Top Producers? To kick off our first Oil Check post, we’re going to give a bit of background information on what goes into the price of gas and the top crude oil producers. We’ll start with the cost. Supply and demand are major factors. If the global…

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