opec

Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now

April 2, 2023 Bitcoin.com

algeria

On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of the Petroleum Exporting Countries (OPEC) and […]

Read more

Crypto ATMs Vanishing From the US As Democrat Senator Dick Durbin Introduces Legislation To Regulate Technology

Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization

January 19, 2023 Bitcoin.com

alternative currencies

After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi Jinping, urging the Gulf monarchs to accept yuan for oil, and Riyadh officials saying last March the country would consider […]

Read more

Crypto ATMs Vanishing From the US As Democrat Senator Dick Durbin Introduces Legislation To Regulate Technology

‘Oil Prices North of $200’ per Barrel — Investor Expects Oil to ‘Crush’ Every Investment in 2023

December 27, 2022 Bitcoin.com

100

Amid the dreary global economy, a number of market strategists and analysts believe oil will be the number one investment in 2023. While a barrel of oil is coasting along at prices between $80.12 and $85 per unit, Goldman Sachs analysts think oil will reach $110 per barrel for Brent oil, and strategists from Morgan […]

Read more

Crypto ATMs Vanishing From the US As Democrat Senator Dick Durbin Introduces Legislation To Regulate Technology

JPMorgan CEO Jamie Dimon: US-China Tensions, Russia-Ukraine War ‘Far More Concerning’ Than Recession

October 27, 2022 Bitcoin.com

Biden Administration

JPMorgan Chase CEO Jamie Dimon says the tensions between the U.S. and China and the Russia-Ukraine war are “far more concerning than whether there’s a mild or slightly severe recession.” He stressed: “I would worry much more about the geopolitics in the world today.” JPMorgan Boss Jamie Dimon Warns of Something ‘Far More Concerning’ Than […]

Read more

Crypto ATMs Vanishing From the US As Democrat Senator Dick Durbin Introduces Legislation To Regulate Technology

Nicolas Maduro Tempts West With an Abundance of Oil and Gas, Venezuelan President Wants Sanctions Lifted

September 25, 2022 Bitcoin.com

Bans

Amid the economic rumblings across the world and the energy crisis in Europe, Venezuelan president Nicolas Maduro has said his country is ready to step up and help with oil. Despite the fact that Venezuela has the largest supply of crude oil in the world, U.S. economic sanctions imposed in 2019 by the Trump administration […]

Read more

Crypto ATMs Vanishing From the US As Democrat Senator Dick Durbin Introduces Legislation To Regulate Technology

US Inflation Continues to Rise Amid Lockdown Talk, Producer Prices Jump 7.8%, Biden Blames OPEC

August 13, 2021 Bitcoin.com

Biden

The United States is facing severe inflation despite the Federal Reserve and mainstream media doubling down on saying the loss of purchasing power is just “transitory.” This week consumer and producer metrics from July have been published by the U.S. Bureau of Labor Statistics and inflation is growing stronger. July CPI Stats Show a Jump […]

Read more

Crypto ATMs Vanishing From the US As Democrat Senator Dick Durbin Introduces Legislation To Regulate Technology