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JP Morgan Boss Sounds Alarm on AI Bubble and Sticky Inflation Threat January 16, 2026
The boss of JP Morgan, Jamie Dimon, has warned global markets not to underestimate current risks, as the US banking giant hiked its provisions for bad loans. The world’s most influential banker said that whilst the US economy had remained “resilient” and consumer and business trends were “generally healthy,” ongoing risks persisted. “Markets seem to […]
How America Plans to Refill Its Emergency Oil Stockpile Using Venezuelan Crude January 16, 2026
The Trump administration is exploring a workaround to America’s Strategic Petroleum Reserve problem: swapping heavy Venezuelan crude for U.S. medium sour barrels that can actually go straight into SPR caverns. According to Reuters, the Department of Energy is considering moving Venezuelan heavy crude into commercial storage at the Louisiana Offshore Oil Port, while U.S. producers […]
US Oil Drillers Add To Active Rigs January 16, 2026
The total number of active drilling rigs for oil and gas in the United States fell by 1 this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 543 this week, down 37 from this same time last year. The number of active oil […]