Oil prices notched the longest stretch of weekly losses since March with U.S. President Joe Biden keeping investors guessing about whether he’ll act to tame higher energy prices that are Continue Reading
Options traders traded the equivalent of 5 million barrels of Brent at $250 and $300 call options The resurgent activity with bets on $100 or $200 oil shows that more Continue Reading
U.S. retail gasoline prices are poised to average more than $4 a gallon in three states for the first time in 13 years as energy prices surge and fan fears Continue Reading
Energy industry insiders have slammed a proposal by a group of Democratic Senators to ban U.S. oil exports in a bid to rein in retail fuel prices. “That proposal does Continue Reading
The Biden Administration is still not decided whether the U.S. should act now to try to reduce the highest gasoline prices in America in seven years or to wait for Continue Reading
Oil prices fell on Friday, wiping out gains from the previous session, as the dollar continued to gain on bets the U.S. central bank will bring forward plans to raise Continue Reading
Oil headed for its longest run of weekly losses since March as President Joe Biden kept investors guessing about whether he’ll act to tame prices that have helped to stoke Continue Reading
The Biden Administration is in focus as traders weigh odds of a response to rising prices. Oil rose in choppy trading as investors weighed the odds that the White House Continue Reading
Russia’s Rosneft (ROSN.MM) the world’s second-biggest oil company by output after Saudi Aramco, warned on Friday of a potential “super cycle” in global energy markets, raising the prospect of even Continue Reading
It is possible that gas prices will stay elevated if winter is cold and Europe imports do not rise, the head of the International Energy Agency (IEA) Fatih Birol said Continue Reading
