Oil prices fell on Thursday, following earlier gains, on concerns that high fuel prices could hurt economic growth, but planned easing of restrictions in Shanghai and a tight supply outlook Continue Reading
Gas prices in both the United States and Europe hit new highs Wednesday, with average prices per gallon in California topping $6, compared to over $9 in Norway and Denmark Continue Reading
Europe is driving global LNG demand as it rushes to replace Russian gas before winter. Europe has displaced Asia as the growth driver of LNG demand and is no longer Continue Reading
Oil rose as tight US product markets and the prospect of higher demand in China, the world’s top importer, add urgency to the hunt for barrels. West Texas Intermediate surpassed Continue Reading
Oil prices edged up on Wednesday on expectations that easing COVID-19 restrictions in China will push up demand and as industry data showed drawdowns in U.S crude inventories. Brent crude Continue Reading
Oil hit its highest in seven weeks on Tuesday, supported by the European Union’songoing push for a ban on Russian oil imports that would tighten supplyand as investors focused on Continue Reading
Not too long ago in some parts of the United States, paying more than $4 for a gallon of gas was seen as a coastal problem faced by Americans in Continue Reading
U.S. gasoline and diesel prices are at record highs and show no sign of falling or of denting demand. Refining capacity has shrunk dramatically since 2020 due to the covid Continue Reading
Oil hit its highest in seven weeks on Tuesday, supported by the European Union’songoing push for a ban on Russian oil imports that would tighten supplyand as investors focused on Continue Reading
Oil edged higher in its longest run of daily gains since February as traders weighed strength in key petroleum products markets and as China continued to grapple with its virus Continue Reading
