Search Results for: crude oil

ISM Composite PMI vs. Crude Oil Interesting chart showing that the correlation between the ISM Composite PMI and crude oil is up to 75% since 2015. Picture source: Lohman Econometrics

Imports of Saudi Arabian Crude Oil In 2018, the U.S. imported $21.9 billion of crude oil from Saudi Arabia. Picture source: The Washington Post

Global GDP and Brent Crude Oil Price High oil prices can cause recessions. Picture source: MarketWatch

Top Three Crude Oil Producers Chart showing that the U.S. is the world’s biggest oil producer and has surpassed Russia and Saudi Arabia. Picture source: Deutsche Bank Global Research

U.S. Gross Oil Total Imports and Exports of Crude Oil The United States has surpassed Russia and Saudi Arabia, and is the world’s biggest oil producer. Picture source: Pictet Wealth Management

The Trade War Effect on Crude Oil This chart shows Chinese imports of crude oil from U.S.. Picture source: Capital Economics

U.S. Crude Oil Production and S&P 500 Energy Sector The U.S. is now the largest world energy producer, but the industry’s share of the S&P 500 market capitalization collapsed. Picture source: Bloomberg

Crude Oil Reserves in Billion Barrels (Gbbl) The proven oil reserves in Venezuela are recognized as the largest in the world, but by some measures, it is the most miserable economy in the world. Picture source: howmuch.net

Does Surging Oil Prices Cause Recession? Historically, a rise oil prices can cause recession because high inflation tends to lead to higher interest rates. But nowadays, oil shale production in the US limits the rise in oil prices and makes it possible to avoid a future crisis like the one in 2008.