End of an Era: Exxon's Final Oil Refinery & Financial Meltdown Unfolds!

Turbulence

Our first segment is on the oil and energy markets. OPEC predicts that Chinese demand for oil will continue to rise, while weak demand in Western countries will limit overall demand growth for oil. This has led to a decline in oil prices and created instability in the market. At the same time, Saudi Aramco, the state-owned oil company of Saudi Arabia, reported a significant increase in annual profit due to high crude oil prices. Exxon's new Texas plant is also likely to be the last major refinery project in the US due to the shift towards renewable energy sources. All of these developments are reshaping the energy landscape, and we will continue to follow this story closely.

TOPICS AND TIMESTAMPS:
Oil and Energy Markets 0:00
Banking and Financial 5:22
Industries 7:18

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Sources Used in This Video:
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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It's simply data that is generally not found through conventional means.
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