Gasoline in the US Still a Good Deal
Average gasoline price in US is still low compared to other OECD countries. Although it doesn’t expect gasoline prices to set any records in 2018, GasBuddy predicts that the U.S. Continue Reading
Oil gives up early gains, but market still well supported
Oil prices gave up some early gains on Wednesday as analysts warned of a downward correction, but remained well supported on the back of tightening supply and strong global demand Continue Reading
Oil prices drop off three-year highs but strong demand supports
Oil prices dropped off three-year highs on Tuesday as traders booked profit from a recent rally but healthy demand underpinned prices near $70, a level not seen since the market Continue Reading
Strong Oil Demand Growth Supports Oil At $70
Although oil prices were down early on Tuesday, with Brent just below the $70 threshold, robust global oil demand growth and continued OPEC-Russia production cuts are currently supporting the price Continue Reading
Survey reveals expectations of $75 ceiling for oil
Though crude oil prices are up more than 4 percent since the start of January, a survey of North American sentiments forecasts a narrow range. The price of crude oil Continue Reading
Five Potential Risks to the Oil Rally
Oil prices are trading near three-year highs, but many analysts say the rally may have gone too far, too fast. With Brent crude settling above $70 a barrel on Monday, Continue Reading
Has Oil Become Overbought?
Strong demand and falling inventories have pushed oil prices to their highest level in years, but this could be a double-edged sword as OPEC members grow tempted to cheat. The Continue Reading
PwC: by 2030, the transport sector will require 138M fewer cars in Europe and US; vehicle stock in China to climb ~50%; traffic to be heavier
Five trends are transforming the automotive industry, according to PWC: electrification, autonomy, sharing, connecting and yearly updating, a combination the consultancy is now labeling “eascy”. In a report exploring the Continue Reading
WCS-WTI Spread Narrows As Exports-By-Rail Pick Up
Volume constraints on the Keystone pipeline system levied by U.S. regulators have widened the spread between Western Canadian Select crude prices and benchmark American crude prices , but the steep Continue Reading
Is An Oil Price Spike Inevitable?
The oil glut is over, at least when it comes to U.S. commercial inventories: over the past two months they have been within the average range for the season, thanks Continue Reading