The U.S. federal government reported Thursday that spending on gasoline and other energy products contributed most to a rise in consumer spending. The U.S. Commerce Department reported personal income improved Continue Reading
The spring fever is passing. After three months on the rise the oil market has turned. In a single day on Friday the price of a barrel of Brent crude Continue Reading
The rise in oil prices in recent months has been a concern to oil-importing nations and to retail consumers as the rally has been inflating their oil import bills and Continue Reading
Oil prices plunged on Friday after news broke that OPEC and its partners, including Russia, are considering allowing higher levels of oil production, which could mark the beginning of the Continue Reading
Russia and Saudi Arabia are hammering out the terms of a deal to jointly increase oil production—a move that could cool crude markets and extend, at least for now, a Continue Reading
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92 per gallon (gal) nationally on May 21, up Continue Reading
Summary of Weekly Petroleum Data for the Week Ending May 18, 2018 U.S. crude oil refinery inputs averaged over 16.6 million barrels per day during the week ending May 18, Continue Reading
Iranian revenue from crude oil sales increased substantially during the first month of the Iranian calendar year because of higher oil prices, a spokesman said. Mohammad Bagher Nobakht, a spokesman Continue Reading
When US secretary of state Mike Pompeo issued a dozen demands of Iran, he described the requests as “very basic requirements” that were not “unreasonable”, but many observers disagreed. Mr Continue Reading
More than 23 billion cubic feet per day (Bcf/d) of natural gas pipeline capacity will come online by the end of this year, a jump of almost a third from Continue Reading
