What’s Driving the U.S. Economy Growth in Q2 2024?

By sanga872002 | July 31, 2024

The second quarter of the year saw the U.S. economy surpass expectations, registering a notable growth of 2.8%. This increase was driven by significant improvements in several key economic indicators: Consumer spending has been a crucial driver of this economic growth. The ability of consumers to spend more is a positive sign, reflecting broader economic…

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U.S. Oil Production Growth 2024: Key Trends & Forecasts

By sanga872002 | July 30, 2024

The Permian Basin and the Federal Offshore Gulf of Mexico are planning to increase their oil production. The U.S. has been producing oil since the 1850s, and this trend continues to rise. Major oil-producing regions are also planning to boost their output, aligning with optimistic forecasts. In 2024, the Energy Information Administration (EIA) predicts crude…

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