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
US gasoline prices breach $5/gal level EIA forecasts maximum summer refinery utilization Russian diesel shortages have knock-on impact on gasoline With average US gasoline prices breaking the $5/gal level in Continue Reading
The average price of a gallon of regular unleaded gas in the U.S. hit $5 Friday night, and the rise in fuel costs is expected to persist throughout the busy summer driving Continue Reading
US dollar rises on week, stagflation concerns bump recovery China reimposes temporary lockdown Sentiment supported by peak driving season Crude oil futures were down in mid-morning Asian trade June 10, 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 for Continue Reading
Oil prices slipped on Friday but remained within touching distance of three-month highs as fears over new COVID-19 lockdown measures in Shanghai outweighed solid demand for fuels in the United Continue Reading
Government data showing low natural-gas inventories helped prices rebound Thursday after a sharp decline Wednesday that followed a fire at a Texas fuel-export facility, which will reduce overseas shipments this Continue Reading
The decision by OPEC+ to boost its production quotas did not have the desired effect on oil markets, with prices having increased since then. One of the main reasons for Continue Reading
Oil prices gave up early gains on Thursday after parts of Shanghai imposed new COVID-19 lockdown measures, outweighing news of China’s stronger-than-expected exports in May. Brent crude futures for August Continue Reading
As U.S. gasoline prices approach a record average of $5 a gallon, fuel costs are rippling through almost every corner of business, with signs emerging that the rising expenses are Continue Reading
