Surging Oil Prices Could Spark A Global Recession

Author: External Author | | Categories: Gas Well Optimization , Horizontal Bumper Spring , Horizontal Check Valve , Offset Well Monitoring , Oil Well Optimization , Oilfield Services , Oilfield Swabbing , Plunger Lift Maintenance

  • Federal Bank of Dallas economists warn that a global economic downturn may be unavoidable if a large of Russian energy exports remain off the market throughout the year.
  • Billionaire investor Carl Icahn also warned that there could be a recession amid the surging inflation
  • So far, the EU found sufficient support for an all-out oil & gas embargo against Russia.

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Original Article Source Credits: OILPRICE.com, https://oilprice.com

Article Written By: Tsvetana Paraskova

Original Article Posted on: Mar 26, 2022

Link to Original Article: https://oilprice.com/Energy/Energy-General/Surging-Oil-Prices-Could-Spark-A-Global-Recession.html

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