Money Talks

White House calling on oil firms to raise output to boost supply

Oil prices are sliding amid worries that a slowdown in major economies will lead to lower demand. The crude benchmark Brent has fallen more than 4% to around $110 a barrel. Natural gas prices are also down more than 2%. This comes as the US government considers suspending some taxes on oil to ease the burden of high costs on consumers. US President Joe Biden has also called on American oil giants to boost supplies. For more on the oil market, AJ Bell financial analyst, Danni Hewson joined us from the UK. #OilPrices #OilTax #OilSupply

US sanctions on Iran threaten India’s oil supply | Money Talks

US sanctions on Iran threaten India’s oil supply | Money Talks

American crude oil rebounds after falling below zero dollars

American crude oil rebounds after falling below zero dollars

Oil prices give up gains after OPEC+ extends production cuts | Money Talks

Oil prices give up gains after OPEC+ extends production cuts | Money Talks

OPEC agrees to cut oil supplies | Money Talks

OPEC agrees to cut oil supplies | Money Talks

EU proposes $140B windfall tax on energy companies

EU proposes $140B windfall tax on energy companies

China industrial production, retail sales beat expectations

China industrial production, retail sales beat expectations

Oil edges higher on potential US rail stoppage

Oil edges higher on potential US rail stoppage

US stocks fall after hotter than expected inflation report

US stocks fall after hotter than expected inflation report

Dollar slips and US stocks make gains ahead of inflation report

Dollar slips and US stocks make gains ahead of inflation report

Oil prices drop amid China COVID curbs, possible rate hikes

Oil prices drop amid China COVID curbs, possible rate hikes

New British PM Liz Truss faces worsening cost-of-living crisis

New British PM Liz Truss faces worsening cost-of-living crisis

Aviation giants gear up to launch their own flying car models

Aviation giants gear up to launch their own flying car models

Vessels start sailing as fishing season begins in Türkiye

Vessels start sailing as fishing season begins in Türkiye

EU sets out plan to rein in energy prices, boost supplies

EU sets out plan to rein in energy prices, boost supplies

Federal Reserve hints at more rate hikes amid elevated inflation

Federal Reserve hints at more rate hikes amid elevated inflation

Oil prices fall to seven-month lows as demand weakens

Oil prices fall to seven-month lows as demand weakens

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