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Oil Prices Rise on U.S. Growth, Red Sea Strife
On January 25, 2024, oil prices surged as crude oil reached $77.36 per barrel, reflecting a $2.27 increase. This jump is closely linked to the strong economy in the U.S. and rising tensions in the Red Sea area. The latest U.S. economic reports show growth exceeding expectations in the previous quarter. This robust economic performance […]
Brazil’s Oil Output Drops 3.5% in August 2024, Natural Gas Surges 8%
Brazil’s oil production experienced a 3.5% decline in August 2024 compared to the same month in 2023. This unexpected downturn contrasts sharply with the country’s natural gas sector, which saw significant growth. Natural gas production reached 159.7 million cubic meters per day, marking an 8% increase year-on-year and a 5.6% rise from the previous month. […]
Jeffries and the Democrats are sitting pretty amid House GOP speaker chaos
House Minority Leader Hakeem Jeffries, D-N.Y., and his House Democrats are sitting pretty amid Republicans’ infighting over who will be the next speaker. The Democrats’ messaging against House Judiciary Committee Chairman Jim Jordan’s speaker candidacy and their consistent voting record behind Jeffries — as well as calls for a bipartisan path forward — position the […]