Goldman Sees $5 Gasoline, $130 Brent By Year End
The price of retail gasoline just dipped below $4 per gallon, AAA data showed on Thursday, but prices could rise to $5 per gallon by the end of the year, Continue Reading
U.S. gasoline prices fall below $4 for first time since March
The average price of U.S. retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world’s largest consumer Continue Reading
Oil Inches Up as IEA Boosts Demand Outlook on Fuel Switching
Oil edged higher after the International Energy Agency boosted its forecast for global demand growth this year. West Texas Intermediate rose 0.9% to trade above $92 a barrel, after earlier Continue Reading
Global physical oil market weakens as recession jitters mount
Physical oil prices around the world have begun to sag alongside futures, reflecting less alarm over Russian-led supply disruptions along with heightened worries about a possible global economic slowdown. “The Continue Reading
Oil drops on Druzhba pipeline news and U.S. inflation expectations
Oil prices edged lower on Wednesday on expectations that Druzhba pipeline flows will resume shortly and demand concerns ahead of the publication of key demand indicators. Brent crude futures fell Continue Reading
US natural gas prices could ease in 2023, potentially lowering northeast power prices: EIA
Mid-Atlantic power prices highest in years Mostly driven by higher fuel prices US Energy Information Administration analysts discussed the relationship between fuel costs and power prices, and how recent US Continue Reading
Brent-WTI Oil Price Spread at Highest Point Since 2014
The price spread between Brent and West Texas Intermediate oil increased to a high of $13.26 per barrel on July 29. The price spread between Brent and West Texas Intermediate Continue Reading
Crude oil futures rangebound amid lack of fresh cues
Highlights Oil prices supported by Druzbha pipeline disruption Upside capped by uncertain demand outlook Crude oil futures were mostly steady in mid-morning Asian trade Aug. 10 as prices continued to Continue Reading
Oil drops on Druzhba pipeline news and U.S. inflation expectations
Oil prices edged lower on Wednesday on expectations that Druzhba pipeline flows will resume shortly and demand concerns ahead of publication of key demand indicators. Brent crude futures fell 73 Continue Reading
Oil slips amid chance of Iran nuclear deal supply boost
Oil dropped over $1 a barrel on Tuesday, approaching a multi-month low hit last week, pressured by the latest progress in talks to revive the 2015 Iran nuclear accord, which Continue Reading