With gas prices moving higher, it may be time to watch spending
Gas prices are the highest they’ve been in a few years and consumers might have to start putting some money aside to prepare for any summer travel, AAA said. File Continue Reading
Major dilemma: oil companies hedge bets on low-carbon future
As Bob Dudley set out BP’s strategy for adapting to a lower-carbon energy system at an event in London this week, there was a familiar face in the front row Continue Reading
Rising fuel costs erode benefits of Trump tax cut
Tim Rogus, a retired publisher in suburban Chicago, has noticed fuel prices at the petrol station creeping up towards $3 a gallon, as oil has rebounded to four-year highs this month, Continue Reading
The Bullish And Bearish Case For Oil
Geopolitical events specifically could help keep Brent above $70 through April and May, which comes on the back of a substantial decline in oil inventories. The investment bank significantly tightened Continue Reading
Oil prices rise amid risk of supply disruptions
SINGAPORE (Reuters) – Oil prices rose on Tuesday amid worries there could be a high risk of disruptions to supply, especially in the Middle East. FILE PHOTO: Oil pumping facilities Continue Reading
Oil Slips As U.S. Scales Back Confrontation With Russia
The U.S.’ declaration that the overnight missile strikes against Syria would be limited and a “one-time shot” may tamp down some of the risk to oil prices spiking when markets Continue Reading
Key oil market updates
While the oil market continues to focus on supply/demand fundamentals, these are some key updates that you need to keep a tab on, U.S. oil rig count: The United States Continue Reading
JP Morgan: Oil Prices Won’t Go Higher Than $70
Oil prices at $70 may be the top of the range in the price of oil that we’re going to see over the next few years, David Kelly, chief global Continue Reading
With escalations in the East, is oil about to jump?
The days of high production versus low demand will be in recess this quarter as tensions grow. Escalating conflict between the various sides of the Syrian Civil War threatens increasing Continue Reading
Higher petrol prices hit US consumer finances
Tim Rogus, a retired publisher in suburban Chicago, has noticed fuel prices at the petrol station creeping up towards $3 a gallon, as oil has rebounded to four-year highs this Continue Reading