Crude oil futures climbed for the third straight session during mid-morning Asian trade on May 6, erasing earlier losses, as concerns lingered over the prospect of tighter supply after the Continue Reading
Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union Continue Reading
U.S. fuel prices have surged faster than crude oil prices in the last month, as the United States has shipped more refined products abroad to supply European markets following Russia’s Continue Reading
Oil prices extended gains on Thursday on supply concerns after the European Union laid out plans for new sanctions against Russia, including an embargo on crude in six months, offsetting Continue Reading
Oil advanced ahead of an OPEC+ meeting on supply after surging on the European Union’s plan for a phased ban on Russian crude. West Texas Intermediate rose toward $109 a Continue Reading
Diesel prices hit yet another new record on Wednesday at $5.43 per gallon , now some $1.2 more than a gallon of gasoline, according to AAA. While high prices at Continue Reading
The European Commission on Wednesday proposed one of the most sweeping changes to global energy flows in history. But the oil price barely responded. Brent, the international benchmark, rose 3.8 Continue Reading
The Henry Hub natural gas benchmark settled at $8.415 a million British thermal units on Wednesday, more than double the price at the start of the year and far above Continue Reading
Oil prices jumped on Wednesday as the European Union, the world’s largest trading bloc, spelled out plans to phase out imports of Russian oil, offsetting demand worries in top importer Continue Reading
U.S. Gulf of Mexico sees burst of drilling activity. Shale drillers focus on investor returns. Heatwave in India sends power demand soaring to unprecedented levels. The first week of May Continue Reading
