U.S. Gasoline Prices Surge By $0.20 In A Week
U.S. gasoline prices have surged by 20 cents in just a week, as the Russian invasion of Ukraine sent international crude oil prices soaring above $110 per barrel. The national Continue Reading
Traders ramp up bullish bets in U.S. oil options as prices soar
Bulls have surged into the U.S. crude oil options market in recent days as futures touch highs not seen in a decade, betting that crude’s rally will persist, according to Continue Reading
Saudi crown prince plays the oil card in quest for U.S. recognition
Saudi Crown Prince Mohammed bin Salman is seen during the Emirates Formula One Grand Prix at the Yas Marina racetrack in Abu Dhabi, United Arab Emirates November 25, 2018. Bandar Continue Reading
Pressure grows on Biden to ban U.S. imports of Russian oil
A bipartisan group of U.S. senators introduced a bill on Thursday to ban U.S. imports of Russian oil, saying the shipments could be replaced by boosting output in North America Continue Reading
Lawmakers Push to Ban Russian Oil Imports, Amid White House Resistance
Republicans and Democrats in Congress are pushing President Biden to ban Russian energy imports as they search for new ways to punish Moscow for its bloody invasion of Ukraine, even as the White Continue Reading
Lukoil, a Russian Oil Company, Calls for an End to the Ukraine War
Lukoil, Russia’s second-largest oil company, appeared to distance itself from President Vladimir V. Putin on Thursday by calling for a “fast resolution” to Russia’s invasion of Ukraine. The statement most likely reflects the Continue Reading
U.S. Refiners Cut Russian Oil Imports
Some of the biggest U.S. importers of Russian crude oil have started suspending their purchases of the commodity, including Monroe Energy, which is the third-biggest U.S. buyer of Russian oil. Continue Reading
US natural gas inventories decline 139 Bcf as withdrawal season enters final month
The latest weekly draw from US natural gas storage inventories once again outpaced the average rate as only one below-average pull has been seen year to date, widening the deficit Continue Reading
Solid U.S. job gains forecast in February; unemployment rate seen dipping to 3.9%
Nonfarm payrolls forecast increasing 400,000 in February Unemployment rate seen falling to 3.9% from 4.0% Average hourly earnings forecast rising 0.5% Average workweek seen climbing to 34.6 hours WASHINGTON, March Continue Reading
U.S. weighs sanctions on Russia energy flows, but time is not ‘right now’
The United States is open to imposing sanctions on Russia’s oil and gas flows but going after its exports now could help Moscow, the White House said on Wednesday as Continue Reading