Spiking gas prices have weighed on motorists in every state this year, making daily life more expensive in myriad ways. But the burden has not been evenly distributed. Californians were Continue Reading
Oil prices rose on Monday in volatile trade, reversing earlier losses, as tightening supplies outweighed concerns about slowing global economic growth and fuel demand. Brent crude futures rose 42 cents, Continue Reading
U.S. Energy Secretary Jennifer Granholm said on Sunday that the administration of U.S. President Joe Biden was evaluating a pause on the federal gas tax as one of the options Continue Reading
The price of gasoline has climbed above $5 per gallon. U.S. fuel exports have continued to rise, adding additional pressure on domestic fuel inventories. “With refiners already running at full Continue Reading
At a gas station near the Cologne, Germany, airport, Bernd Mueller watches the digits quickly climb on the pump: 22 euros ($23), 23 euros, 24 euros. The numbers showing how Continue Reading
Just a couple of years ago, some of the biggest names in the oil market could have never imagined the current demand and supply situation. BP is now admitting it Continue Reading
Oil fell the most in three months as Federal Reserve Chair Jerome Powell doubled down on his determination to curb the hottest inflation in decades with more aggressive rate hikes. Continue Reading
Waiving a century-old shipping law to let foreign-flagged vessels transport fuel between US ports — a favorite talking point of a US refinery sector trying to get the White House Continue Reading
Over the past several months the spread of so-called “clean-dark” and “clean-spark” prices have narrowed but still heavily favor coal usage for power plants, and the recent jump in gas Continue Reading
Oil rose on Friday, supported by supply tightness and new sanctions on Iran, but prices were on track for a weekly decline amid interest rate hikes from major central banks Continue Reading
