This post examines the recent changes in the costs of powering gasoline, diesel, and electric vehicles. The expectation was that the cost of electricity had recently increased much less than Continue Reading
The White House is considering proposals that would tax oil and gas windfall profits in order to provide a benefit to consumers struggling with higher energy prices, a U.S. official Continue Reading
A new report suggests Saudi Arabia may increase oil production. This comes just ahead of the OPEC+ meeting today. Sharon Cho reports. Oil dropped below $113.50 a barrel following reports Continue Reading
Stocks in Europe and US futures climbed Thursday as investors assessed attractive valuations and a drop in oil prices against hawkish messages from central bankers on reining in inflation. Europe’s Continue Reading
ICE Brent crude plunges 3% in early morning trade Saudis prepared to raise output to replace Russian shortfall: reports US Fed survey shows slowing growth in the economy Crude oil Continue Reading
Crude oil from the nation’s Strategic Petroleum Reserves may be headed into commercial inventories, but the American Petroleum Institute (API) still reported a draw this week for crude oil of Continue Reading
Saudi Arabia has indicated to western allies that it is prepared to raise oil production should Russia’s output fall substantially under the weight of sanctions, according to five people familiar Continue Reading
Italy’s prime minister has hatched a radical plan to contain the oil price rally, a plan that involved creating a cartel of oil consumers to increase their bargaining power. The Continue Reading
Citi’s Ed Morse reiterated his bearish view on crude oil in an interview on Bloomberg. Morse: Oil should be trading at around $70 per barrel. Citibank revised its demand growth Continue Reading
Price differences between U.S. light and heavy crude oil grades have been widening, pricing data showed, as refiners around the world have been snapping up less-dense crude grades for more Continue Reading
