Oil prices continue to remain high adding to more pain for consumers. High oil prices are one factor that is driving inflation. After the dramatic plunge in demand during the Covid era oil prices soared in the past two years leading to the energy sector having the best returns in the S&P 500. Top oil …
Continue reading ‘Oil Reserves by Country and How Long It Will Last: Infographic’ »
The top three oil producers in 2021 were the USA, Saudi Arabia and Russia. The US was not only the largest producer but was also the largest consumer in the world. Click to enlarge Source: Visual Capitalist via Market Index
US stocks are squarely in the bear market with the S&P 500 down over 20% so far this year. There is no place to hide and take shelter as most sectors are down. One of the few sectors that has performed well is the energy sector. Energy stocks are up by 29.2% YTD. Crude has …
Continue reading ‘A Review of Foreign Oil and Gas Producer Stock Returns’ »
The Top 10 Crude Oil importing and exporting countries in 2020 are shown in the table below. As expected, China is the world’s largest importer and Saudi Arabia is the top exporter. Russia is the second largest exporter followed by Iraq and the US. Of all the countries in this list, the US is the …
Continue reading ‘The Top 10 Crude Oil Importers and Exporters in 2020’ »
