Trading Giant Trafigura Sees Oil Headed To $150 This Year
Crude oil prices may soon hit $150 per barrel or more this year, Trafigura’s CEO Jeremy Weir told the FT Global Boardroom conference on Tuesday. The spike in crude oil Continue Reading
Trafigura warns oil prices could reach ‘parabolic state’ in threat to global growth
The head of Trafigura has warned that the oil market could reach a “parabolic state” later this year with prices surging to record highs and triggering a slowdown in economic Continue Reading
U.S. Gasoline Prices Jump $0.30 In A Week To Fresh Record Of $4.92
U.S. gasoline prices continue to surge, jumping by $0.30 a gallon in just one week to a new national average all-time high of $4.919 on Tuesday. Diesel prices also set Continue Reading
Oil, gasoline prices to pare gains but remain high through 2022, 2023: EIA
Geopolitical uncertainty and the ongoing impact of the pandemic led to increased oil price volatility and contributed to a more than $4/b rise in the US Energy Information Administration’s 2022 Continue Reading
Now UK Petrol Prices Are Closing In on £100 to Fill Family Cars
UK fuel prices have set a string of new records in recent weeks. The cost of filling up a 55-liter family car with petrol has topped £98 ($122.58) for the Continue Reading
Oil prices stable as market juggles risk sentiment with tight supplies
Oil prices were stable on Tuesday as the market balanced risk sentiment with supply concerns and the prospect of higher demand as China relaxes its COVID curbs. Brent crude futures Continue Reading
Oil Eases Off of Three-Month High as Russian Crude Heads to Asia
Oil at Three-Month High as Saudi Raises Prices for Asia Oil slipped as rising volumes of Russian crude headed to Asia countered bullish sentiment spurred by Saudi Arabia’s bigger-than expected Continue Reading
Rising Oil Cost and High Demand for Gas Keep Pump Prices Surging
The cost of a barrel of oil is nearing $120, nearly double from last August, as increased oil demand outpaces the tight global supply. Meanwhile, domestic gasoline demand rose last Continue Reading
Russia’s Oil Export Earnings Set To Decline On Heavily Discounted Urals
While Moscow said earlier this week it was anticipating a more than $6-billion boost in oil revenues in June, despite sanctions, a new report from Bloomberg shows that while Russian Continue Reading
Oil prices hit $120 as Saudi July price rise eclipses OPEC+ deal
Oil prices hit $120 a barrel on Monday after Saudi Arabia raised crude prices for July and amid doubts that an increased OPEC+ monthly output target will help ease tight Continue Reading