Diesel Hits Chaos Mode
The world’s diesel market is once again flashing signs of chaos. The world’s diesel market is once again flashing signs of chaos, undermining the global economy with a fresh bout Continue Reading
Atlantic Basin refining margins soar on refinery outages, tight diesel supply
Atlantic Basin refinery margins are rising back toward record levels set earlier this year, spurred higher by refinery outages and French refinery strikes, an analysis from S&P Global Commodity Insights Continue Reading
Gasoline Prices See Abrupt Decline As U.S. Diesel Prices Continue To Rise
After a relentless four-week climb, U.S. national average gas prices have declined, falling 5.4 cents from a week ago to $3.86 per gallon on Monday . Still, the national average Continue Reading
Oil climbs on China’s fuel demand recovery hopes
Oil prices rose on Monday after China rolled over liquidity measures to help its pandemic-hit economy, igniting hopes for a better fuel demand outlook from the world’s top crude importer. Continue Reading
Oil Edges Higher After Weekly Loss as Slowdown Hangs Over Market
Oil clawed back some losses after a weekly slump as fears over an economic slowdown continue to weigh on the outlook for demand. West Texas Intermediate futures traded above $86 Continue Reading
Oil Prices Reflect Growing Concerns About Chinese Demand
The Dubai benchmark oil prices, a bellwether of demand in Asia, have weakened in recent weeks, reflecting concerns about oil consumption in the most important crude oil importing region. The Continue Reading
Europe Gas Drops to 3-Month Low as EU Plans More Crisis Measures
Natural gas prices fell as the European Union prepares measures to curb volatility in its biggest marketplace in an attempt to rein in the energy crisis. Benchmark futures dropped as Continue Reading
Oil prices fall more than 3% on recession worries
Oil prices plummeted more than 3% on Friday as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target. Continue Reading
U.S. Energy Bills See Largest Rise In Decades—More Pain To Come
If it seems like your energy bills have fell victim to price creep, you’re right. Data from the U.S. Bureau of Labor Statistics and the Energy Information Administration suggest that Continue Reading
Oil stable as OPEC+ quotas offset low Chinese demand
Oil prices were stable on Friday as support from a large cut to the OPEC+ supply target and a weaker dollar were countered by global recession fears and weak oil Continue Reading