By Cassia PazPublished On: July 17, 2023Categories: Daily Market News & Insights In a promising turn of events, the U.S. economy is projected to experience a surge in growth, fueled by revised forecasts and various factors shaping the energy landscape. The latest EIA’s Short-Term Energy Outlook (STEO) reveals exciting developments that are set to impact multiple sectors in the coming months. The forecast for …
Texas Heat May Be Too Hot to Handle but Oil Is Still on the Rise
By Sydney CaseyPublished On: July 11, 2023Categories: Daily Market News & Insights Texas has been grappling with extraordinary high temperatures. Mid-July witnessed a record peak of 103F in the Midland-Odessa region, continuing the trend of unusually warm days. In the preceding four days, the area saw temperatures nearing the 100F mark. As temperatures soared, questions emerged regarding the potential impact on the …