Gas Prices Hit Record Average of $4.59 New York is temporarily lifting the 16 cents-a-gallon fuel tax for six months as the summer driving season kicks off with record-high pump Continue Reading
A steep discount in Russian diesel prices compared with fuel produced by other countries has spread to the European barge market in two-tier trading that is likely to continue as Continue Reading
EU Leaders Back Partial Russian Oil Ban: Von Der Leyen Oil headed for its longest run of monthly gains in more than a decade as European Union leaders agreed to Continue Reading
Oil prices extended a bull run on Tuesday after the EU agreed to a partial ban on Russian oil and China decided to lift some coronavirus restrictions amid rising demand Continue Reading
Rising energy prices and boxing Russian crude oil out of the global market risks a global recession, Bank of America’s head of global commodities and derivatives research Francisco Blanch warned Continue Reading
NYMEX front-month natural gas futures May 31 picked up where they left off before the long holiday weekend by tumbling to start the abbreviated trading week. At the end of Continue Reading
Highlights Tight supplies in Europe, Asia buying interest seen Project FIDs, long-term commercial deals continue US FOB Gulf Coast cargo values rose to the highest level in almost four weeks Continue Reading
Russia’s flagship crude grade, which was sold mostly to Europe before the Russian invasion of Ukraine, is still selling, but predominantly in Asia, and at a huge discount to Dated Continue Reading
As in many parts of the world, gasoline prices in the UK hit a fresh record high on Tuesday amid rallying oil prices after the partial EU ban on Russian Continue Reading
European natural gas prices declined, with Russia unlikely to cut flows to additional buyers after a dispute over payment terms demanded by Moscow. Benchmark futures dropped as much as 8.9%. Continue Reading
