price of gas

  • 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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  • Trends that Contribute to Oil Market Volatility As mentioned in the previous Oil Check, the price of gas depends on a number of factors. Supply and demand has a large impact. Luckily for suppliers, demand outlook remains strong. But demand also depends on multiple factors that track with the state of the global economy. If…

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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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