Crude oil futures were lower in midmorning Asian trade June 13, as pandemic-related concerns in China, coupled with a higher-than-expected US inflation report weighed on sentiment. At 10:53 am Singapore Continue Reading
U.S. oil producers profiting from sky-high prices are doling out billions to shareholders and building cash reserves, a strategy irking lawmakers and voters struggling with record fuel prices while winning Continue Reading
Britain’s competition watchdog has been asked by the government to review the retail fuel market to see whether a cut in duty has been passed onto consumers as prices at Continue Reading
Some of the nation’s biggest food suppliers and restaurants, including Kraft Heinz Co. KHC 0.48%▲ and some McDonald ’s MCD -1.97%▼ Corp. franchisees, said they would continue to raise prices Continue Reading
Highlights Countries from Mexico to Argentina look to buy for different reasons Subsidies keep local prices low but demand high in Latin America Latin American diesel saw its third big Continue Reading
The price of U.S. gasoline averaged more than $5 a gallon for the first time on Saturday, data from the AAA showed, extending a surge in fuel costs that is Continue Reading
There is little evidence that gasoline prices, which hit a record $5 a gallon on Saturday, will drop anytime soon. Rising prices at the pump are a key driver in Continue Reading
Oil prices fell on Friday, after U.S. consumer prices rose more than expected and China imposed new COVID-19 lockdown measures. Brent crude fell $1.06 to settle at $122.01 a barrel. Continue Reading
Oil dipped at the end of the week — trimming a seventh weekly gain — as investors weighed China ’s bumpy return from virus curbs. West Texas Intermediate futures slipped Continue Reading
Energy prices would have to climb further for Americans to start cutting consumption, according to Goldman Sachs Group Inc. “Prices aren’t high enough yet to reduce demand growth sufficiently,” Damien Continue Reading
