Latin America pulling more refined product cargoes from Europe, Asia USGC ULSD waterborne premium drops on race to supply Latin America Latin American diesel prices have backed away from record Continue Reading
The average retail price of unleaded gasoline in the US has climbed for 19 straight days, extending a record rally to $4.432 a gallon, according to the latest data from Continue Reading
Very tight Naphta market could increase pain at the pump in Europe. Exports of naphtha from Russia to Europe have shrunk considerably since the start of the year. Rising demand Continue Reading
Oil prices rose on Friday but were headed for their first weekly loss in three weeks as worries about inflation and China’s COVID lockdowns slowing global growth offset concerns about Continue Reading
The price of crude oil would be very different, a new report has outlined. If Russia had not invaded Ukraine, crude oil prices would be well below $100 per barrel Continue Reading
Diesel costs are reaching new highs across the U.S., straining the operations of trucking companies and wrecking the transportation budgets of businesses that need to ship goods. The price of Continue Reading
Russia’s state-owned gas supplier has said it will cut shipments to Europe through a major pipeline, sending prices surging and reinforcing President Vladimir Putin’s willingness to use energy as a Continue Reading
Oil prices dropped more than 2% on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe. Brent crude was Continue Reading
Oil resumed its decline as financial markets were pressured by stubbornly high US inflation, bolstering the case for Federal Reserve interest rate hikes. West Texas Intermediate futures have whipsawed wildly Continue Reading
For decades, different forms of ‘NOPEC’ legislation designed to pave the way for lawsuits against OPEC have been considered by Congress. Last week, the U.S. Senate Judiciary Committee approved the Continue Reading
