The Plastics Sector Is Suffering As Oil Prices Rise
Four years ago, the UN declared plastic pollution a global crisis , decades after the discovery of the Great Pacific Garbage Patch –a collection of marine debris 2x the size Continue Reading
Opec ‘gets a pass to lift oil prices’ as hedging losses hobble US shale
Some of America’s biggest oil groups are racking up tens of billions of dollars in hedging losses despite soaring crude prices, as contracts signed during last year’s crash left them Continue Reading
USA Pump Prices Return to 2014 Territory
U.S. gasoline consumption in the week leading up to the Independence Day holiday may have been the highest since September 2019, adding to signs of recovery from the pandemic travel Continue Reading
Oil rises to $75 after tumble but OPEC+ uncertainty clouds outlook
Oil rose to $75 a barrel on Wednesday with support coming from a tight market, after a steep drop from multi-year highs in the previous session amid uncertainty about OPEC+ Continue Reading
US Oil Prices Soar To 6-Year High In OPEC Standoff
The U.S. benchmark oil price WTI Crude hit its highest level since November 2014 early on Tuesday, after OPEC+ on Monday called off its third attempt to reach an agreement Continue Reading
Natural Gas Prices Fall Despite Bullish Outlook
U.S. natural gas prices fell early on Tuesday alongside a slide in crude oil prices, despite forecasts of high natural gas demand this week with expected high temperatures. The U.S. Continue Reading
Oil Slumps With Stronger Dollar Cooling OPEC-Fueled Rally
Oil surged to a six-year high as an OPEC+ supply increase was blocked by a dispute between Saudi Arabia and the UAE. Oil fell the most since late May as Continue Reading
Gas prices are expected to keep climbing through August.
AAA said on Tuesday that gas prices were expected to increase another 10 to 20 cents through the end of August. The average price of a gallon of regular in Continue Reading
Crude oil futures rise on fears of tightening supply after OPEC+ cancels meeting
Crude oil futures extended overnight gains during mid-morning trade in Asia July 6 on fears that oil demand will soon outstrip supply after the OPEC+ coalition, consisting of OPEC members Continue Reading
Oil prices extend gains after OPEC+ talks called off
Oil prices extended gains to hit some of their highest levels since 2018 after OPEC+ discussions were called off, heightening expectations that supplies will tighten further just as global fuel Continue Reading