Oil rises on looming EU Russian oil ban, gas disruption
Oil rose on Wednesday after plunging nearly 10% in the last two sessions, buoyed by supply concerns as the European Union works on gaining support for Russian oil and flows Continue Reading
Oil Prices Fall On Rising Crude, Product Inventories
The American Petroleum Institute (API) reported a build this week for crude oil of 1.618 million barrels, compared to analyst predictions of a 1.2 million barrel draw. U.S. crude inventories Continue Reading
U.S. retail gasoline prices hit new record, as refiners struggle to meet demand
Retail gasoline prices in the United States rose on Tuesday and hit another all-time record, surpassing one set in March, as global refineries grappled with a bottleneck that has sent Continue Reading
EIA again raises US fuel price outlook as demand destruction looms
Cuts global oil demand growth by 200,000 b/d on China, US Trims US oil supply by 100,000 b/d to 11.91 mil b/d in 2022 EU oil ban would lead to Continue Reading
USA Gasoline Price Hits New Record
The average price of regular gasoline in the U.S. hit a new record. The average price of regular gasoline in the U.S. hit a new record of $4.37 per gallon Continue Reading
Record High Diesel Prices Will Ripple Across The Economy
Diesel prices have hit record highs due to very tight domestic inventories and a global supply shortage. A combination of spiking demand as the world recovers from Covid and falling Continue Reading
Oil drops as economic worries, strong dollar weigh
Oil prices dropped more than 1% on Tuesday, extending the previous day’s steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed Continue Reading
Oil falls on China demand worries, possible EU ban on Russia oil eyed
Oil prices slipped on Monday, along with stock markets in Asia, sparked by weak China data and fears a global recession could dampen oil demand, with investors eying European Union Continue Reading
Oil Slips as Traders Weigh Up Saudi Price Cuts, G-7 Crude Ban
G-7 Leaders Commit to Banning Imports of Oil From Russia Oil dipped as investors weighed a pledge by the Group of Seven nations to ban imports of Russian supplies against Continue Reading
U.S. retail gasoline prices hit new record, as refiners struggle to meet demand
Retail gasoline prices in the United States rose on Tuesday and hit another all-time record, surpassing one set in March, as global refineries grappled with a bottleneck that has sent Continue Reading